Payday Loans in Illinois

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Compare Loan Agencies in Illinois: Best Companies 2022

Compare Loan Agencies in Illinois Best Companies 2022

Everybody can need a bit of extra cash sometimes. Whether you’re facing an unexpected medical bill, a car repair emergency, or it’s time to pay tuition fees, being able to get a short-term loan when you need one is valuable.

The good news is that many lenders in Illinois offer payday loans, which are perfect for these types of situations.

Payday loans are unsecured, small-dollar loans that are issued for up to 31 days. Unlike mortgages or car loans, which are used for specific purposes, payday loans can be used for whatever purpose.

All these features make them a great choice for consumers who need to borrow small amounts of money for short periods.

If you live in Illinois and need a small payday loan, these are common payday loan requirements and some of the best lenders in the state.

Payday Loan Requirements in Illinois

The eligibility criteria for payday loans in Illinois will vary based on the lender. However, in most cases, to get approved for a loan, you must meet the following criteria:

  1. You are a resident of Illinois.
  2. You have a source of a steady income.
  3. You have an active checking account.
  4. You are at least 18 years old.

You will need to provide your name, address, phone number, Social Security Number, and a few other details at the application form, depending on the lender.

Top 6 Illinois Payday Loan Companies

If you need extra cash in Illinois, we recommend one of these options:

Fig Loans

Fig Loans (figloans.com) is a lending company that specializes in small and medium loans. Although its loans tend to come with high APRs, the lender has zero hidden fees and no prepayment penalties. You can apply for Fig Loans lending programs online. The lender is located at


  • Credit builder loans
  • Low interest rate
  • No hidden fees
  • No prepayment penalties


  • No BBB rating
  • Low amounts for first-timers
  • Stricter eligibility criteria

America’s Financial Choice

America’s Financial Choice (afchoice.com) offers convenient locations throughout IL as well as online payday, installment, cash advance & title loans. It has been serving the short-term financial needs of your neighborhood for many years. The company is located at 4016 N Cicero Ave, Chicago, IL.


  • A+ BBB rating
  • Fast approval process
  • Many different loans offered
  • Better rates for long-term customers


  • No information on rates and amounts
  • Low ratings for mobile app
  • Small amounts not available

Cashcity Payday

Cashcity Payday (cashcitypayday.com) is an online payday loan lender serving nationwide. Here you can get online cash advance loans and personal loans fast up to $1500. While the lender has been in the business for over 14 years, its ratings and reviews may not always reflect this extensive experience.


  • Allows phone applications
  • Serves the entire state
  • Quick approval process


  • No BBB rating or accreditation
  • No information on rates and fees
  • Limited customer reviews

Payday Loans Illinois

Payday Loans Illinois (fnbstaunton.com) is one of the most popular lenders that issue online short-term loans in Illinois. They offer to borrow up to $5,000 quickly and easily. The lender offers to get payday loans IL online in a few hours. Loans can be used for whatever purpose. The lender is known for its extensive experience and good reputation.


  • Fast online application
  • Instant approval
  • Same-day funding
  • Low APRs
  • No paperwork involved
  • High acceptance rates
  • Bad credit is ok
  • Offers from multiple lenders
  • No collateral required
  • Customer support 24/7
  • Good customer reviews
  • Convenient ways to pay off debts


  • Limited additional services
  • Low amounts for first-timers

Speedy Cash

Speedy Cash (speedycash.com) is another lender with a comprehensive national presence that offers payday loans in Illinois. The company’s customer reviews are not great, but its A+ BBB rating, high Trustpilot score, and OLA membership mean that Speedy Cash must be doing something right.


  • A+ BBB rating
  • Online Lenders Alliance membership
  • Fast funding
  • Highly-rated mobile app


  • Doesn’t offer small amounts
  • Poor BBB customer reviews
  • No additional services in Illinois

Check N Go

With over 40 stores in Illinois, Check N Go (checkngo.com) is one of the leading payday loan lenders in the United States. Their small-dollar cash advance loans come with a standard term of 8 to 30 days, While the lender has a solid A+ rating from the BBB and a good Trustpilot score, it offers no online services and user reviews are controversial.


  • A+ BBB rating
  • Low APR
  • Vast presence in Illinois
  • Same-day funding available


  • Loan amount under $1,000
  • No online lending
  • Limited additional services
  • Poor BBB customer reviews

The Bottom Line

Despite a rich selection of payday lenders in Illinois, consumers still have several trustworthy choices. The ones listed here are all honest, well-known, licensed and popular. Based on our research, Payday Loans Illinois (fnbstaunton.com) is the best option today since it offers much more benefits for consumers. But we strongly recommend doing your own research and familiarizing yourself with the current lending market to ensure the most benefit from payday loans.

Things to Look at When Comparing Loans

It is quite difficult to choose an online payday loan in Illinois as there are a lot of attractive offers on the market today. To get the most favorable terms and conditions, you need to focus on several important criteria, including:

1. Transparency of the service

It is one of the main criteria when choosing a loan because services that operate on honest and transparent terms are always more loyal to their customers and the loan terms do not differ from those that were originally announced.

To determine the degree of this transparency, it is necessary to find the information about licensing of the lender – it must be given on the company’s website. Some lenders even provide a version of their standard agreement with clients, which is very convenient for preliminary review. If the company does not provide any information about itself, then it is better not to deal with it.

2. Loan interest and available amount

This is what most borrowers are interested in in the first place, so you should pay special attention to this criterion when applying for a payday loan.

Today Illinois imposes a 36% rate cap on payday loan interest rates, and a maximum amount is up to $1,000 The nuance is that if the company has doubts about the borrower, then they can issue a smaller amount.

3. Loan extension and its conditions

Here it is worth paying attention to the information given on the loan agreement because often its conditions are not prescribed in the document. You’d better make sure in advance if the lender offers an extension service. This service will be very useful if you have difficulty repaying your loan.

It should also be noted that some lenders charge fees for this service, so this information can be clarified in advance. Naturally, it is better to choose a service that provides a loan extension service free of charge.

4. Availability of promotions, discounts and bonus programs

Promotions, bonuses and favorable discounts are very important for borrowers as they allow them to save money.

Today, there are 2 popular promotions – “Bring a friend” and “A 0% first loan”. As part of the first promotion, the client is offered to receive a certain reward for each user who takes out a loan at his or her invitation. The second promotion allows you to use a loan at 0% per day, which is very beneficial for new users.

You should remember that the larger the service, the more it makes efforts to attract new users. Large companies have a policy of giving big discounts to people who follow their pages on social networks. There you can find thematic promotional codes for discounts of up to 70% and up-to-date information on changes in the lender’s policies, so do not ignore the requests of the system to subscribe to the newsletter or to its social network page. Using such discounts, you can get fast cash and also significantly save.

5. Service hours

This is also an important criterion when choosing a fast payday loan because often the client needs the service to work around the clock, and now most companies provide customers with the opportunity to receive a loan around the clock – 24/7. However, often, the first cash advance loan is processed only during the daytime if this process requires a call from the operator because such verification is carried out only while the operators are at the workplace.

Nevertheless, there are a number of companies that check applications automatically and issue loans to borrowers via the Internet, but even they may require additional data confirmation through their specialists. To prevent this from happening, it is necessary to correctly fill in your data, and provide your employment information and other important nuances.

To sum up…

Choosing the best payday lender is a very important task, so customers should compare the offers of several companies at once so that their choice is objective. Some clients prefer to use the services of 2 or 3 companies at once in order to use their promotional offers for an online loan in Illinois and save on interest.

When choosing a company for permanent cooperation and taking payday loans, it is also worth evaluating your own solvency because you must be able to repay the loan on the due date or at least extend your loan. Otherwise, your loan can become very expensive. We hope this article will help you make a smart decision!

Category: Online Loans

Tags: finance, Illinois, money, payday loans