Illinois Lending
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a Loan
Illinois Lending is an installment loan provider that’s have been operating since 1996. It specializes in helping out those with bad credit or those who need fast cash in an emergency. The online portal connects potencial borrowers with a lender from its network of licensed lenders. It currently provides loans in the state of Illinois and has six branches located across the state: in Chicago, Moline, Orland Park, and Gurnee. As an installment loan provider, Illinois Lending is able to offer more affordable rates and more beneficial terms than its payday loan competition.
| Company name | Illinois Lending Corp. |
| Founded | 1996 |
| Address | PO Box 524 Moline, IL 61265 |
| Website | illinoislending.com |
| Phone number |
877.562.6195
|
| customerservice@illinoislending.com |
Pros
- Only installment loans available
- Wide range of lenders
- Fast online applicaion
- Bad credit is ok
- Loans up to $4,000
- Experienced company
- Rapid approval
- Same-day funding
- APR cap of 99%
- Available both online and in stores
Cons
- Only available in Illinois
- Short repayment terms
- Stricter eligibility requirements
- Not a direct lender
- Not BBB accredited
- Lack of borrower reviews
Bottom line
If you’re a resident of Illinois and don’t have good credit, you may want to check out Illinois Lending. This service could help you borrow some cash to make ends meet. You can apply for both online and in-store loans with same-day funding. But you won’t qualify for a loan if you have no bank account that’s been open for at least 60 days or a steady income of at least $300 a week. Moreover, there are limited Illinois Lending reviews on the net. A lack of user reviews means you won’t know how other people fared before you apply. We recommend that you explore other options in your area. There’s a good chance you’ll find better rates elsewhere.
Types of loans
Illinois Lending offers installment loans ranging from $100 to $4,000 with APRs capped at 99%. While the company doesn’t quote loan terms on its website, you can expect to have between 112 to 180 days to repay your loan based on the state regulations.
The loan amout you qualify for, as well as your specific terms, will vary depending on your income but not your credit score. However, you need to have a valid checking account that’s at least 60 days old and earn at least $300 a week to be eligible.
You may be able to get the money as soon as the same day you’re accepted by picking up a check from the Illinois Lending branch near you. Otherwise, you’ll have the cash in your bank account the next business day.
Eligibility criteria
IllinoisLending.com have easy to meet borrower requirements:
- Resident of Illinois;
- US citizen or permanent resident;
- At least 18 years old.
- Weekly income of $300 or more;
- Bank account open for at least 60 days;