With Dime Alley, it doesn’t matter whether you live in Chicago, Aurora or any other town in Illinois – you can get a payday loan with us, with a rate and terms to suit your needs!
Borrow anywhere from $100 up to $35,000 to provide you with some comfort and peace of mind in your time of financial need.
Why Choose Dime Alley for Payday Loans in Illinois?
Dime Alley offers a quick, easy, hassle-free way to get a Payday Loan in Illinois. Using our loans connection service, we can help find a lender that suits your needs, and, if accepted, you could receive your funds within 24 hours!
Payday Loans can be a great option to tide you over until your next payday in your time of financial stress. We all have financial difficulties from time-to-time, but rest assured, Dime Alley will help every step of the way.
Explore Our Different Types of Loans
As a broker, Dime Alley can provide you with different types of loans to suit your needs – from Soft Search loans, to Payday loans or even Cash Advances.
Apply with Peace of Mind
We only work with legitimate and reputable lenders, so we know that they are lending responsibly and are offering you a fair rate.
Wait For the Cash to Come In!
Providing your application is successful, your cash could be in your account in as quickly as 1 hour!
Where Can I Get a Payday Loan in Illinois?
With Dime Alley, no matter which major town or city in Illinois you live in, we cover them all, including Chicago, Aurora, Joilet, Naperville, Rockford, Elgin, Springfield, Peoria and Waukegan.
We will help you to find a lender and plan that personally suits you, and it is all done completely online and hassle-free! As a loans connection service, we process your application against hundreds of direct money lenders, apps and payday stores in Illinois to find you the best approval and most competitive rate.
Therefore, if you are thinking about going to lots of different payday lenders and waiting for your application to be approved, think again! With Dime Alley, we process everything for you quickly and hassle-free, and, if approved, you could be receiving your loan in less than 24 hours.
Am I Eligible for a Payday Loan in Illinois?
In order to qualify for a payday loan in Illinois, there are a few simple criteria that to meet to have a chance at being approved!
- You must be a US resident, over the age of 18.
- You should have a stable, regular income, earning a minimum of $800 per month.
- You should have a valid mobile phone account and a live checking account (for your loan to be deposited into).
Does Dime Alley Offer Payday Loans in Chicago?
Yes! Dime Alley offers payday loans in Chicago as well as all other major towns and cities in Illinois. Our process is all online, which means you can even apply for a payday loan whilst lying in bed!
We proudly cover all areas of Illinois, including Chicago, Aurora, Joilet, Rockford, Champaign, Naperville, Peoria, Elgin and more.
How Long Will it Take to Get a Payday Loan in Illinois?
Receiving a payday loan in Illinois could take as little as an hour, or sometimes as soon as the next business day!
With Dime Alley, your online form is sent to lenders across Illinois, and you’ll receive an instant decision. If your request is accepted, you’ll find the money in your account as fast as possible.
What Should I Consider Before Getting a Payday Loan in Illinois?
You should first check that you meet the eligibility criteria (see above) before you apply. Make sure you consider whether you can afford to meet the repayments on time.
In the case that you are unable to repay your payday loan, interest may be added. Not repaying your loan on time may also affect your credit score. It would be best if you thought about how much you actually need to borrow before getting started.
Dime Alley Offers Loans All Across Illinois
FAQs on Payday Loans in Illinois
- How Much Can I Borrow in Illinois?
- What is the Repayment Period on my Payday Loan?
- Am I Charged a Fee for using Dime Alley?
- Is There a Price Cap on Payday Loans in Illinois?
- Can I get a Payday Loan with Bad Credit in Illinois?
- Is Dime Alley a Broker?
With Dime Alley, you could find payday loans ranging from $100 to $35,000 – with the amount you can borrow based on factors like your monthly income, credit status and affordability.
In Illinois, a payday loan cannot be higher than 25% of your gross monthly income, or $1,000, whichever is less. So, if you earn $2,000 per month, the most you could borrow from a payday lender is $500.
Customers can repay over 1 month to 60 months (or equal to 5 years) – this will depend on whether you prefer the payday option which may be just a few weeks or months, or the longer installment option which can be several years to stretch out your repayments.
Payments are usually made in equal monthly installments from the bank account you choose and you always have the option to repay early if you would like to do so.
No! We will never charge fees for using our service.
Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.
In March of 2021, Illinois Governor J.B. Pritzker signed The Predatory Loan Prevention Act, which caps the interest on payday loans to a 36% annual percentage rate (APR).
If you have a bad credit score, don’t worry – you can still get a payday loan in Illinois!
With Dime Alley, all credit histories are accepted. This means that you should still request a payday loan with us even if you have already been turned down by a bank because of bad credit.
Yes! Dime Alley is a broker, meaning that if you’re approved, we don’t provide the funds for your loan directly. Instead, we connect you to a lender best suited to your situation from our trusted panel.
Do not worry though, your information is completely secure and will not be sent or shared with any other companies or third parties and we certainly will not charge you anything for using our service.