Apply For Payday Loans in Chicago & Illinois, IL
Whether you live in Chicago, IL Aurora, IL, or any other town in Illinois – you can get a payday loan or installment loan online with Dime Alley, with a rate and terms to suit your needs! Apply and borrow anywhere from $600, $1000 or $1500 to provide yourself with some comfort and peace of mind in a time of financial need.
by Ben Sweiry ·
Reviewed by Harry Adair ·
Edited by Sithara R ·
Modified on 15 March, 2024
3-Step Process To Get Your Payday Loan in Chicago, Illinois:
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.
Does Dime Alley Offer Auto Loans in Illinois?
Yes, you can get a Car Title Loan in Illinois!
Title loans in Illinois work similarly to title loans in other states although Illinois has stricter laws which protect you, the borrower.
Generally, title loans work by providing a loan amount of 25% to 50% of the vehicle’s value and using your vehicle as collateral. Because they are secured loans, the lender can repossess the car if you fail to meet the terms of the loan.
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.
Useful Guides
Where Can I Get a Payday Loan Online in Illinois?
You can get a Payday Loan in Illinois IL no matter which city or town you live in – we cover them all. This includes 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 ASAP.
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 Online 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.
Why Choose Dime Alley 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.
What People Say About Us
“Had a good experience and got my loan the next day. I needed it to pay my bills and will consider using it again if I need a loan.”
Darryl, Michigan, February 2023
“Personal and friendly, they did what they said they would do, I was approved for a loan although I have bad credit. It was just a short term thing, but has helped me and my family.”
Merryl, Texas, September 2021
“I need a loan to pay back a friend and it was all very quick and easy to get a couple of hundred bucks which I repaid over a couple of weeks.”
Malik, California, December 2022
More Frequently Asked Questions
How Much Can I Borrow in Illinois?
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.
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Am I Charged a Fee for using Dime Alley?
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.
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What is the Repayment Period on my Payday Loan?
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.
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Is There a Price Cap on Payday Loans in Illinois?
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).
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Can I get a Payday Loan with Bad Credit in Illinois?
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.
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Is Dime Alley a Broker or Lender?
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.
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