Loans By State

Best Personal Loans in Illinois, Bad Credit Loans, Payday, Auto Title Laws 2020

EPF Last Update: June 7, 2020

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For installment loans of $4,001 to $40,000, Illinois’ Consumer Installment Loan Act requires licensed lenders to cap APRs at 36%. Terms are capped at 181 months and loans must be fully amortizing – repayable over weekly, bi-weekly, semi-monthly or monthly installments. However, the rate-cap does not apply to car title loans or ‘small consumer loans.’

For installment loans of $1,500 or less, APRs are capped at 99%. And for installment loans of $1,501 to $4,000, licensed lenders can levy an acquisition charge of up to $100. Monthly handling charges can also reach upwards of $69 for loans of $1,500.01 to $1,600. For loans of $3,900.01 to $4,000, monthly handling charges can reach upwards of $124. Similar to above though, the total APR cannot exceed 99%.

For loans of $4,001 or more, licensed lenders can also levy a 5% delinquency charge on unpaid balances in excess of $200. For unpaid balances of $200 or less, a $10 maximum is applied. A 10-day grace period is also required before licensed lenders can administer the charge and only one fee can be issued per loan.

Loans can also be classified as ‘deferred.’ If both the lender and the borrower agree beforehand, payment dates can be postponed. However, the monthly deferment charge cannot exceed the interest rate levied during the previous months.

Best Bad Credit Loans in Illinois 2020 

Amount

$500 – $10,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

3 – 36 Months

Licensed in Illinois

Not a direct lender

Amount

$100 - $10,000

Min Credit Score

0

APR

Vary by State

Approval

< 1 Day

Terms

1 - 60 Months

Licensed in Illinois

Yes

Amount

$1,000 – $5,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

9 – 36 Months

Licensed in Illinois

Yes

Amount

$100 – $1,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

7 – 30 Days

Licensed in Illinois

Yes

Amount

$1,000 – $10,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Illinois

Not a direct lender

Amount

$1,000 – $50,000

Min Credit Score

500

APR

3.99% – 35.99%

Approval

< 1 Day

Terms

1 – 5 Years

Licensed in Illinois

Yes

Amount

$1,000 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Illinois

Yes

Amount

$1,000 – $100,000

Min Credit Score

500

APR

5.34% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

< 1 Day

Terms

12 - 120 months

Licensed in Illinois

Yes

Amount

$1,000 – $35,000

Min Credit Score

580

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Illinois

Not a direct lender

If you’re struggling to get approved, see our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Illinois 2020 

Amount

$1,000 - $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Licensed in Illinois

Yes

Amount

$2,000 - $40,000

Min Credit Score

640

APR

7.95% - 35.99%

Approval

1 - 3 Days

Terms

36 - 60 months

Licensed in Illinois

Yes

Amount

$1,000 – $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Licensed in Illinois

Yes

Amount

$1,000 – $35,000

Min Credit Score

580

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Illinois

Yes

Amount

$1,000 – $50,000

Min Credit Score

500

APR

3.99% – 35.99%

Approval

< 1 Day

Terms

1 – 5 Years

Licensed in Illinois

Yes

Amount

$1,000 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Illinois

Yes

Amount

$1,000 – $50,000

Min Credit Score

600

APR

7.99% - 35.97%

Approval

< 1 Day

Terms

3 - 5 Years

Licensed in Illinois

Yes

Amount

$5,000 – $35,000

Min Credit Score

640

APR

5.99% – 24.99%

Approval

1 – 7 Days

Terms

2 - 5 Years

Licensed in Illinois

Yes

Amount

$2,500-$35,000

Min Credit Score

660

APR

6.99-24.99%

Approval

1 Day

Terms

24 - 84 Months

Licensed in Illinois

Yes

Amount

$7,500 - $40,000

Min Credit Score

680

APR

6 - 15%

Approval

1 - 7 Days

Terms

36 - 84 months

Licensed in Illinois

Yes

For more options, see our list of recommended lenders.

We also recommend SuperMoney. It’s one of the best loan comparison sites.

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Payday Loan Laws in Illinois 2020

Maximum Loan Amount: The lessor of $1,000 or 25% of your gross monthly income

Minimum Loan Term: 13 days

Maximum Loan Term: 120 days

Maximum Fee: $15.50 per $100 borrowed

Maximum APR: Typically 404%

Rollovers: Prohibited

Loan Limit: You can only have two payday loans at a time

Payday loans are legal in Illinois.

However, the Payday Loan Reform Act requires licensed lenders to cap loans at the lessor of $1,000 or 25% of a borrower’s gross monthly income. Finance charges cannot exceed $15.50 per $100 borrowed and lenders cannot issue loans to borrowers who already have two outstanding payday loans. Rollovers are also prohibited.

Payday Loan Laws in Illinois by Country

ElitePersonalFinance analysis of payday loan laws by countries in the State of Illinois.

We haven’t found a significant difference between the payday loan laws in Illinois. If you are with bad credit, here are the laws in Illinois by country.

CityAmount AllowedAPR AllowedStatus
Chicago$1,000404%Legal
Aurora$1,000404%Legal
Joliet$1,000404%Legal
Rockford$1,000404%Legal
Naperville$1,000404%Legal
Springfield$1,000404%Legal
Peoria$1,000404%Legal
Elgin$1,000404%Legal
Waukegan$1,000404%Legal
Champaign$1,000404%Legal
Cicero$1,000404%Legal
Bloomington$1,000404%Legal
Arlington Heights$1,000404%Legal
Evanston$1,000404%Legal
Schaumburg$1,000404%Legal
Bolingbrook$1,000404%Legal
Decatur$1,000404%Legal
Palatine$1,000404%Legal
Skokie$1,000404%Legal
Orland Park$1,000404%Legal
Des Plaines$1,000404%Legal
Tinley Park$1,000404%Legal
Oak Lawn$1,000404%Legal
Berwyn$1,000404%Legal
Mount Prospect$1,000404%Legal
Normal$1,000404%Legal
Wheaton$1,000404%Legal
Oak Park$1,000404%Legal
Hoffman Estates$1,000404%Legal
Downers Grove$1,000404%Legal
Glenview$1,000404%Legal
Elmhurst$1,000404%Legal
Lombard$1,000404%Legal
Plainfield$1,000404%Legal
DeKalb$1,000404%Legal
Urbana$1,000404%Legal
Moline$1,000404%Legal
Belleville$1,000404%Legal
Buffalo Grove$1,000404%Legal
Bartlett$1,000404%Legal
Quincy$1,000404%Legal
Streamwood$1,000404%Legal
Crystal Lake$1,000404%Legal
Carol Stream$1,000404%Legal
Romeoville$1,000404%Legal
Wheeling$1,000404%Legal
Rock Island$1,000404%Legal
Hanover Park$1,000404%Legal
Carpentersville$1,000404%Legal
Park Ridge$1,000404%Legal
Addison$1,000404%Legal
Calumet City$1,000404%Legal
Oswego$1,000404%Legal
Glendale Heights$1,000404%Legal
Woodridge$1,000404%Legal
Northbrook$1,000404%Legal
Pekin$1,000404%Legal
Elk Grove Village$1,000404%Legal
St. Charles$1,000404%Legal
Mundelein$1,000404%Legal
Danville$1,000404%Legal
Galesburg$1,000404%Legal
Gurnee$1,000404%Legal
Algonquin$1,000404%Legal
Chicago Heights$1,000404%Legal
North Chicago$1,000404%Legal
Highland Park$1,000404%Legal
Niles$1,000404%Legal
O’Fallon$1,000404%Legal
Granite City$1,000404%Legal
Burbank$1,000404%Legal
Lake in the Hills$1,000404%Legal
Lansing$1,000404%Legal
Glen Ellyn$1,000404%Legal
Oak Forest$1,000404%Legal
Round Lake Beach$1,000404%Legal
Wilmette$1,000404%Legal
West Chicago$1,000404%Legal
Alton$1,000404%Legal
McHenry$1,000404%Legal
East St. Louis$1,000404%Legal
Huntley$1,000404%Legal
Batavia$1,000404%Legal
Vernon Hills$1,000404%Legal
New Lenox$1,000404%Legal
Kankakee$1,000404%Legal
Carbondale$1,000404%Legal
Belvidere$1,000404%Legal
Melrose Park$1,000404%Legal
Lockport$1,000404%Legal
Woodstock$1,000404%Legal
Westmont$1,000404%Legal
Edwardsville$1,000404%Legal
Collinsville$1,000404%Legal
Elmwood Park$1,000404%Legal
Harvey$1,000404%Legal
Homer Glen$1,000404%Legal
Freeport$1,000404%Legal
Zion$1,000404%Legal
Loves Park$1,000404%Legal
Maywood$1,000404%Legal
Lisle$1,000404%Legal
Morton Grove$1,000404%Legal
Rolling Meadows$1,000404%Legal
Dolton$1,000404%Legal
Machesney Park$1,000404%Legal
East Peoria$1,000404%Legal
Roselle$1,000404%Legal
Blue Island$1,000404%Legal
South Elgin$1,000404%Legal
Bloomingdale$1,000404%Legal
Darien$1,000404%Legal
Villa Park$1,000404%Legal
South Holland$1,000404%Legal
Geneva$1,000404%Legal
Park Forest$1,000404%Legal
East Moline$1,000404%Legal
Grayslake$1,000404%Legal
Mokena$1,000404%Legal
Charleston$1,000404%Legal
Libertyville$1,000404%Legal
Crest Hill$1,000404%Legal
Lake Zurich$1,000404%Legal
Evergreen Park$1,000404%Legal
Homewood$1,000404%Legal
Bourbonnais$1,000404%Legal
Matteson$1,000404%Legal
Lake Forest$1,000404%Legal
Montgomery$1,000404%Legal
Alsip$1,000404%Legal
Yorkville$1,000404%Legal
Bellwood$1,000404%Legal
Deerfield$1,000404%Legal
Jacksonville$1,000404%Legal
Brookfield$1,000404%Legal
Frankfort$1,000404%Legal
Ottawa$1,000404%Legal
Round Lake$1,000404%Legal
Bensenville$1,000404%Legal
Franklin Park$1,000404%Legal
Macomb$1,000404%Legal
Cary$1,000404%Legal
Sycamore$1,000404%Legal
Godfrey$1,000404%Legal
Hinsdale$1,000404%Legal
North Aurora$1,000404%Legal
Marion$1,000404%Legal
Mattoon$1,000404%Legal
Palos Hills$1,000404%Legal
Shorewood$1,000404%Legal
Lemont$1,000404%Legal
Country Club Hills$1,000404%Legal
Morton$1,000404%Legal
Westchester$1,000404%Legal
Washington$1,000404%Legal
Bridgeview$1,000404%Legal
Fairview Heights$1,000404%Legal
Prospect Heights$1,000404%Legal
La Grange$1,000404%Legal
Dixon$1,000404%Legal
Bradley$1,000404%Legal
Norridge$1,000404%Legal
Sterling$1,000404%Legal
Mount Vernon$1,000404%Legal
Midlothian$1,000404%Legal
Lindenhurst$1,000404%Legal
Antioch$1,000404%Legal
Cahokia$1,000404%Legal
Chicago Ridge$1,000404%Legal
Forest Park$1,000404%Legal
Hickory Hills$1,000404%Legal
Morris$1,000404%Legal
Swansea$1,000404%Legal
Wood Dale$1,000404%Legal
Canton$1,000404%Legal
Wauconda$1,000404%Legal
Lincoln$1,000404%Legal
Hazel Crest$1,000404%Legal
Richton Park$1,000404%Legal
Beach Park$1,000404%Legal
La Grange Park$1,000404%Legal
Warrenville$1,000404%Legal
Shiloh$1,000404%Legal
Western Springs$1,000404%Legal
Rantoul$1,000404%Legal
Justice$1,000404%Legal
Herrin$1,000404%Legal
Glen Carbon$1,000404%Legal
Streator$1,000404%Legal
Riverdale$1,000404%Legal
Channahon$1,000404%Legal
Effingham$1,000404%Legal
Markham$1,000404%Legal
Kewanee$1,000404%Legal
Lincolnwood$1,000404%Legal
Centralia$1,000404%Legal
Chatham$1,000404%Legal
Palos Heights$1,000404%Legal
Winnetka$1,000404%Legal
Northlake$1,000404%Legal
Pontiac$1,000404%Legal
Plano$1,000404%Legal
Schiller Park$1,000404%Legal
Campton Hills$1,000404%Legal
Summit$1,000404%Legal
Minooka$1,000404%Legal
River Forest$1,000404%Legal
Taylorville$1,000404%Legal
Crestwood$1,000404%Legal
Burr Ridge$1,000404%Legal
Worth$1,000404%Legal
Fox Lake$1,000404%Legal
Roscoe$1,000404%Legal
Lyons$1,000404%Legal
Sauk Village$1,000404%Legal
Columbia$1,000404%Legal
Troy$1,000404%Legal
Barrington$1,000404%Legal
Waterloo$1,000404%Legal
Wood River$1,000404%Legal
River Grove$1,000404%Legal
Highland$1,000404%Legal
Peru$1,000404%Legal
Gages Lake$1,000404%Legal
Winfield$1,000404%Legal
Sugar Grove$1,000404%Legal
Steger$1,000404%Legal
Flossmoor$1,000404%Legal
Lynwood$1,000404%Legal
Bethalto$1,000404%Legal
LaSalle$1,000404%Legal
Harvard$1,000404%Legal
Rochelle$1,000404%Legal
Monmouth$1,000404%Legal
Boulder Hill$1,000404%Legal
Itasca$1,000404%Legal
Harrisburg$1,000404%Legal
Glencoe$1,000404%Legal
Rock Falls$1,000404%Legal
Riverside$1,000404%Legal
Olney$1,000404%Legal
Glenwood$1,000404%Legal
Lake Villa$1,000404%Legal
Clarendon Hills$1,000404%Legal
Savoy$1,000404%Legal
Manteno$1,000404%Legal
Frankfort Square$1,000404%Legal
Willowbrook village$1,000404%Legal
Harwood Heights$1,000404%Legal
Calumet Park$1,000404%Legal
Paris$1,000404%Legal
Chester$1,000404%Legal
Mahomet$1,000404%Legal
Crete$1,000404%Legal
Marengo$1,000404%Legal
Jerseyville$1,000404%Legal
Oak Brook$1,000404%Legal
Hillside$1,000404%Legal
Round Lake Park$1,000404%Legal
Island Lake$1,000404%Legal
Hawthorn Woods$1,000404%Legal
Mascoutah$1,000404%Legal
Long Grove$1,000404%Legal
Maryville$1,000404%Legal
Murphysboro$1,000404%Legal
West Frankfort$1,000404%Legal
Broadview$1,000404%Legal
South Beloit$1,000404%Legal
Manhattan$1,000404%Legal
Inverness$1,000404%Legal
Gilberts$1,000404%Legal
Rockton$1,000404%Legal
Princeton$1,000404%Legal
Sandwich$1,000404%Legal
Robinson$1,000404%Legal
Silvis$1,000404%Legal
West Dundee$1,000404%Legal
Lincolnshire$1,000404%Legal
Park City$1,000404%Legal
Pingree Grove$1,000404%Legal
Orland Hills$1,000404%Legal
Clinton$1,000404%Legal
University Park$1,000404%Legal
Salem$1,000404%Legal
Mount Carmel$1,000404%Legal
Mendota$1,000404%Legal
Litchfield$1,000404%Legal
Benton$1,000404%Legal
Vandalia$1,000404%Legal
Hillsboro$1,000404%Legal
North Riverside$1,000404%Legal
Winthrop Harbor$1,000404%Legal
Stickney$1,000404%Legal
Greenville$1,000404%Legal
Geneseo$1,000404%Legal
Johnsburg$1,000404%Legal
Bartonville$1,000404%Legal
Braidwood$1,000404%Legal
Posen$1,000404%Legal
Metropolis$1,000404%Legal
Lakemoor$1,000404%Legal
Chillicothe$1,000404%Legal
Eureka$1,000404%Legal
East Alton$1,000404%Legal
Countryside$1,000404%Legal
Mount Zion$1,000404%Legal
Wilmington city$1,000404%Legal
Peoria Heights$1,000404%Legal
Beardstown$1,000404%Legal
Hampshire$1,000404%Legal
Carterville$1,000404%Legal
Elburn$1,000404%Legal
Du Quoin$1,000404%Legal
Monticello$1,000404%Legal
Spring Grove$1,000404%Legal
Pontoon Beach$1,000404%Legal
Willow Springs$1,000404%Legal
Lake Bluff$1,000404%Legal
Carlinville$1,000404%Legal
Northfield$1,000404%Legal
Creve Coeur$1,000404%Legal
Pana$1,000404%Legal
Pinckneyville$1,000404%Legal
Coal City$1,000404%Legal
Highwood$1,000404%Legal
Spring Valley$1,000404%Legal
Grandwood Park$1,000404%Legal
Hoopeston$1,000404%Legal
Watseka$1,000404%Legal
Berkeley$1,000404%Legal
Monee$1,000404%Legal
Marseilles$1,000404%Legal
Milan$1,000404%Legal
Fairfield$1,000404%Legal
Lake Barrington$1,000404%Legal
Centreville$1,000404%Legal
Olympia Fields$1,000404%Legal
Staunton$1,000404%Legal
Robbins$1,000404%Legal
Colona$1,000404%Legal
Stone Park$1,000404%Legal
Carmi$1,000404%Legal
Palos Park$1,000404%Legal
Fox River Grove$1,000404%Legal
Genoa$1,000404%Legal
Candlewick Lake$1,000404%Legal
South Barrington$1,000404%Legal
Flora$1,000404%Legal
Auburn$1,000404%Legal
Poplar Grove$1,000404%Legal
Volo$1,000404%Legal
West Peoria$1,000404%Legal
Tuscola$1,000404%Legal
Sullivan$1,000404%Legal
Lake Holiday$1,000404%Legal
Shelbyville$1,000404%Legal
Breese$1,000404%Legal
Sherman$1,000404%Legal
St. Joseph$1,000404%Legal
Lawrenceville$1,000404%Legal
Sparta$1,000404%Legal
Beecher$1,000404%Legal
Pittsfield$1,000404%Legal
Rosemont$1,000404%Legal
Hometown$1,000404%Legal
Peotone$1,000404%Legal
Paxton$1,000404%Legal
Lebanon$1,000404%Legal
Freeburg$1,000404%Legal
Eldorado$1,000404%Legal
Anna$1,000404%Legal
Wonder Lake$1,000404%Legal
Burnham$1,000404%Legal
Dwight$1,000404%Legal
South Chicago Heights$1,000404%Legal
Rosewood Heights$1,000404%Legal
Cortland$1,000404%Legal
Caseyville$1,000404%Legal
Kildeer$1,000404%Legal
Smithton$1,000404%Legal
Washington Park$1,000404%Legal
Barrington Hills$1,000404%Legal
Millstadt$1,000404%Legal
Dupo$1,000404%Legal
Morrison$1,000404%Legal
Green Oaks$1,000404%Legal
Metamora$1,000404%Legal
Indian Head Park$1,000404%Legal
Lakewood$1,000404%Legal
Madison$1,000404%Legal
Rochester$1,000404%Legal
Oregon$1,000404%Legal
Oglesby$1,000404%Legal
Deer Park$1,000404%Legal
Dixmoor$1,000404%Legal
Hainesville and Riverwoods$1,000404%Legal
Coal Valley$1,000404%Legal
Byron$1,000404%Legal
Fairbury$1,000404%Legal
Wadsworth$1,000404%Legal
Le Roy$1,000404%Legal
Red Bud$1,000404%Legal
Aledo$1,000404%Legal
Virden$1,000404%Legal
Johnston City$1,000404%Legal
Germantown Hills$1,000404%Legal
Abingdon$1,000404%Legal
Riverton$1,000404%Legal
Winnebago$1,000404%Legal
Long Lake$1,000404%Legal
Marshall$1,000404%Legal
Galena$1,000404%Legal
Gibson City$1,000404%Legal
Sleepy Hollow$1,000404%Legal
Georgetown city$1,000404%Legal
Fulton$1,000404%Legal
Westville$1,000404%Legal
Carlyle$1,000404%Legal
New Baden$1,000404%Legal
Pistakee Highlands$1,000404%Legal
Havana$1,000404%Legal
Round Lake Heights$1,000404%Legal
Ingalls Park$1,000404%Legal
South Jacksonville$1,000404%Legal
Sumner$1,000404%Legal
East Dundee$1,000404%Legal
Heyworth$1,000404%Legal
Momence$1,000404%Legal
Nashville$1,000404%Legal
Tolono$1,000404%Legal
Gillespie$1,000404%Legal

Car Title Loans in Illinois 2020

Car title loans are legal in Illinois and APRs can reach upwards of 300%.

However, in 2009, safeguards were put in place by the Illinois Department of Financial and Professional Regulation (IDFPR)  to protect borrowers from predatory lenders.

The revisions state:

  • Loans cannot exceed $4,000 and monthly payments cannot exceed 50% of a borrower’s gross monthly income.
  • Title loans must be repayable in equal installments.
  • All title loans must be approved by a statewide database.
  • Loans cannot be offered to borrowers who had a title loan outstanding in the preceding 15 days.
  • Before entering into an agreement, lenders must provide an IDFPR-created pamphlet – which includes an IDFPR-sponsored telephone number for questions and complaints – outlining the availability of debt management services and the borrower’s rights and responsibilities.
  • Any notice of delinquency or default must include the IDFPR hotline telephone number.
  • A title loan may be refinanced only when the principal has been reduced (by the borrower or lender or both) by at least 20% and the principal on the new loan cannot exceed the total outstanding balance of the refinanced loan.
  • If repossession occurs, the lender must allow the borrower to make the car available at a reasonably convenient place, date, and time, and allow the borrower to remove any personal belongings without additional charge.
  • Lenders cannot repossess a car and lease it back to the borrower.
  • When making a title loan, lenders cannot secure any property other than the vehicle.

Alternative Payday Loans in Illinois 

As a ‘small consumer loan’ provider that’s licensed in Illinois, OppLoans complies with regulations by capping loans at $4,000 and APRs at 99%. You can borrow as little as $500 and terms range from 9 to 18 months.

If you’re denied a personal loan, OppLoans is a great fallback option.

Best Auto Loans for Bad Credit in Illinois 2020

Amount

$1,000 - $100,000

Min Credit Score

0

APR

From 1.99%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

From 1.99%

Licensed in Illinois

Yes

Amount

Up to $100,000

Min Credit Score

0

APR

Vary

Licensed in Illinois

Yes

Amount

Up to $100,000

Min Credit Score

0

APR

Vary

Licensed in Illinois

Yes

Amount

Up to $100,000

Min Credit Score

0

APR

Vary

Licensed in Illinois

Yes

Amount

$8,000 - $100,000

Min Credit Score

500

APR

2.74% - 27%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

500

APR

From 3.09%

Licensed in Illinois

Yes

Amount

$250 - $500,000

Min Credit Score

640

APR

2.99% - 21.99%

Licensed in Illinois

Yes

Amount

$1,500 - $20,000

Min Credit Score

0

APR

18.00% - 35.99%

Licensed in Illinois

Yes

Amount

$1,000 - $45,000

Min Credit Score

0

APR

From 0.99%

Licensed in Illinois

Yes

Amount

$1,000 - $35,000

Min Credit Score

0

APR

From 1.99%

Licensed in Illinois

Yes

Amount

$7,500 - $50,000

Min Credit Score

500

APR

From 3.39%

Licensed in Illinois

Yes

Amount

$5,000 – $55,000

Min Credit Score

510

APR

3.99% - 24.99%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

3.90% - 27.90%

Licensed in Illinois

Yes

Best Auto Loans for Good Credit in Illinois 2020

Amount

$1,000 - $100,000

Min Credit Score

0

APR

From 1.99%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

From 1.99%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

500

APR

From 3.09%

Licensed in Illinois

Yes

Amount

$250 - $500,000

Min Credit Score

640

APR

2.99% - 21.99%

Licensed in Illinois

Yes

Amount

$5,000-$100,000

Min Credit Score

660

APR

4.99% to 9.19%

Licensed in Illinois

Yes

Amount

$7,500 - $50,000

Min Credit Score

500

APR

From 3.39%

Licensed in Illinois

Yes

Amount

$8,000 - $100,000

Min Credit Score

500

APR

2.74% - 27%

Licensed in Illinois

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

3.90% - 27.90%

Licensed in Illinois

Yes

Amount

$3,000 - $100,000

Min Credit Score

650

APR

From 3.12%

Licensed in Illinois

Yes

Amount

$5,000 - $100,000

Min Credit Score

640

APR

From 3.54%

Licensed in Illinois

Yes

Amount

$5,000 – $55,000

Min Credit Score

510

APR

3.99% - 24.99%

Licensed in Illinois

Yes

Amount

$5,000 - $100,000

Min Credit Score

600

APR

3.54% - 10.24%

Licensed in Illinois

Yes

Amount

$1,500 - $20,000

Min Credit Score

0

APR

18.00% - 35.99%

Licensed in Illinois

Yes

Credit Unions in Illinois

Name:APR:Amount:
Alliant Credit Union6.49% – 10.49%$1,000 – $50,000
Citizens Equity First Credit Union (CEFCU)9.24%+$1,000+

Alliant Credit Union

At Alliant Credit Union, whether it’s debt consolidation, home expenses or unexpected emergencies, loans can be used for nearly any reason. No collateral is required and funds are typically deposited the same day.

Loans range from $1,000 to $50,000 with terms of 1 to 5 years. APRs vary by term, but will be 0.4% higher if you don’t sign up for automatic payments. However, Alliant charges zero loan origination fees and there are no prepayment penalties.

Typical APRs are structured like this:

  • 12 Months: 6.49%
  • 24 Months: 7.49%
  • 48 Months: 9.49%
  • 60 Months: 10.49%

To learn more, you can contact Alliant by telephone or email. You can also visit its headquarters in Chicago.

Citizens Equity First Credit Union (CEFCU)

At Citizens Equity First Credit Union (CEFCU), loans start at $1,000 and you have four options to choose from:

  • Single-Payment Notes are balloon-payment loans, with 1 payment made at the end of the term. Unsecured loans have APRs of 12.75%, secured loans have APRs of 10.25% and loans secured with a CEFCU savings account have APRs of 3.50%. You can also opt for 3, 6 or 12 month terms.
  • Personal Unsecured Loans have APRs of 9.24%, but can vary based on amount and credit quality. Terms extend up to 48 months.
  • Personal Share Secured Loans have APRs of 3.50% for terms of 36 months or less and 3.75% for terms of 37 to 48 months. A CEFCU savings account is required as collateral.
  • Personal Secured Loans require a different asset as collateral, however, APRs are not directly listed. Terms extend up to 60 months.

CEFCU operates 22 member centers across Illinois, with locations in Peoria, Bloomington, Springfield, Lincoln as well as many others.

All Licensed Credit Unions in Illinois

NameCitySize (Millions)Members
CITIZENS EQUITY FIRST CREDIT UNIONPeoria$4,591.06285834
ALLIANT CREDIT UNIONChicago$8,235.54276424
BAXTER CREDIT UNIONVernon Hills$1,580.22147694
STATE FARM FEDERAL CREDIT UNIONBloomington$3,673.61130731
I. H. MISSISSIPPI VALLEY CREDIT UNIONMoline$841.41105179
SCOTT CREDIT UNIONCollinsville$793.7294161
CREDIT UNION 1Rantoul$644.4079712
CORPORATE AMERICA FAMILY CREDIT UNIONElgin$556.1765942
CONSUMERS COOPERATIVE CREDIT UNIONWaukegan$568.1155558
1ST MIDAMERICA CREDIT UNIONBethalto$474.4643411
GREAT LAKES CREDIT UNIONNorth Chicago$543.9441605
UNIVERSITY OF ILLINOIS EMPS CREDIT UNIONChampaign$263.8140521
MOTOROLA EMP. CREDIT UNIONSchaumburg$802.2638860
GCS FEDERAL CREDIT UNIONGranite City$297.7038752
DHCU COMMUNITY CREDIT UNIONMoline$443.7538211
HEALTHCARE ASSOCIATES CREDIT UNIONNaperville$236.8835821
R.I.A. FEDERAL CREDIT UNIONRock Island$333.7335514
ABBOTT LABORATORIES CREDIT UNIONGurnee$586.7333199
DUPAGE CREDIT UNIONNaperville$271.6031806
SIU CREDIT UNIONCarbondale$230.9228826
ABRI CREDIT UNIONRomeoville$290.7327579
DECATUR EARTHMOVER CREDIT UNIONForsyth$247.1826767
HEARTLAND CREDIT UNIONSpringfield$208.6426007
DEERE EMPLOYEES CREDIT UNIONMoline$515.4625878
FIRST NORTHERN CREDIT UNIONChicago$289.4424327
EARTHMOVER CREDIT UNIONAurora$213.1324223
LAND OF LINCOLN CREDIT UNIONDecatur$158.2023238
FINANCIAL PLUS CREDIT UNIONOttawa$192.5522984
SELFRELIANCE UKRAINIAN AMERICAN FEDERAL CREDIT UNIONChicago$424.2722482
NUMARK CREDIT UNIONJoliet$163.5021827
CHICAGO PATROLMEN’S FEDERAL CREDIT UNIONChicago$356.2721750
STREATOR ONIZED CREDIT UNIONStreator$162.5721120
UNITED CREDIT UNIONChicago$145.3919046
MEMBERS ALLIANCE CREDIT UNIONRockford$140.8417955
ILLIANA FINANCIAL CREDIT UNIONCalumet City$181.0317838
KANE COUNTY TEACHERS CREDIT UNIONElgin$166.9117430
CHICAGO MUNICIPAL EMPLOYEES CREDIT UNIONChicago$31.8717165
COMMUNITY TRUST CREDIT UNIONGurnee$181.9015473
SHELL COMMUNITY FEDERAL CREDIT UNIONWood River$100.3515033
IAA CREDIT UNIONBloomington$175.5614275
CENTRAL CREDIT UNION OF ILLINOISBellwood$79.4313845
ROCK VALLEY FEDERAL CREDIT UNIONLoves Park$75.4713184
CORNERSTONE CREDIT UNIONFreeport$98.8013176
LACLEDE COMMUNITY CREDIT UNIONAlton$64.2812758
ILLINOIS COMMUNITY CREDIT UNIONSycamore$83.7212734
CATHOLIC & COMMUNITY CREDIT UNIONShiloh$102.0412218
STALEY EMPLOYEES CREDIT UNIONDecatur$107.9812182
MEADOWS CREDIT UNIONArlington Heights$116.1512037
HAWTHORNE CREDIT UNIONNaperville$120.3911096
PREMIER CREDIT UNIONPalatine$150.3410826
REDBRAND CREDIT UNIONBartonville$50.0910441
U. S. EMPLOYEES CREDIT UNIONChicago$76.9010173
ISU CREDIT UNIONNormal$83.379968
OAK TRUST CREDIT UNIONNaperville$64.159833
COMMONWEALTH CREDIT UNIONBourbonnais$62.189722
LANDMARK CREDIT UNIONDanville$57.119496
FIRST ILLINOIS CREDIT UNIONDanville$39.119439
MEMBERS CHOICE CREDIT UNIONPeoria$110.509263
ILLINOIS STATE POLICE FEDERAL CREDIT UNIONSpringfield$79.469077
FIRST FINANCIAL CREDIT UNIONSkokie$58.388761
U.S.A. ONE NATIONAL CREDIT UNIONMatteson$39.518075
ACCESS CREDIT UNIONBroadview$62.018014
SOUTH DIVISION CREDIT UNIONEvergreen Park$55.467712
NORTHSTAR CREDIT UNIONWarrenville$75.997599
UNITED COMMUNITY CREDIT UNIONQuincy$51.357528
MIDWEST OPERATING ENGINEERS CREDIT UNIONCountryside$43.737486
SANGAMON SCHOOLS CREDIT UNIONSpringfield$45.617406
MID-ILLINI CREDIT UNIONBloomington$44.767163
NEW CENTURY FEDERAL CREDIT UNIONJoliet$49.707135
ACME CONTINENTAL CREDIT UNIONRiverdale$44.636946
SHERWIN WILLIAMS EMP. CREDIT UNIONSouth Holland$30.756561
PRAIRIELAND FEDERAL CREDIT UNIONNormal$52.266511
MCHENRY COUNTY FEDERAL CREDIT UNIONCrystal Lake$38.586256
TAYLORVILLE COMMUNITY CREDIT UNIONTaylorville$35.695813
MORRIS COMMUNITY CREDIT UNIONMorris$29.945511
ALTONIZED COMMUNITY FEDERAL CREDIT UNIONAlton$32.775455
BLACKHAWK AREA CREDIT UNIONSavanna$30.335299
AIR LINE PILOTS ASSOCIATION FEDERAL CREDIT UNIONBurr Ridge$179.675216
MEMBERS FIRST CREDIT UNIONQuincy$36.935201
MAROON FINANCIAL CREDIT UNIONChicago$30.885191
LOYOLA UNIVERSITY EMPLOYEES FEDERAL CREDIT UNIONMaywood$43.645183
GALE CREDIT UNIONGalesburg$25.014823
PLANITES CREDIT UNIONChicago$28.734822
CHICAGOLAND ELECTRICAL INDUSTRY CREDIT UNIONWillow Springs$17.814710
SELECT EMPLOYEES CREDIT UNIONSterling$32.294703
HEIGHTS AUTO WORKERS CREDIT UNIONChicago Heights$33.394696
GAS AND ELECTRIC CREDIT UNIONRock Island$57.994664
ROCKFORD BELL CREDIT UNIONLoves Park$28.274664
CHICAGO FIREFIGHTER’S CREDIT UNIONChicago$43.704653
UTILITY EMPLOYEES CREDIT UNIONDecatur$35.944624
CHICAGO POST OFFICE EMPLOYEES CREDIT UNIONChicago$16.744534
LEYDEN CREDIT UNIONFranklin Park$69.284443
EDUCATION PERSONNEL FEDERAL CREDIT UNIONDanville$39.954358
FIELDSTONE CREDIT UNIONBradley$35.444346
CENTRAL ILLINOIS CREDIT UNIONChampaign$13.494253
NILES TOWNSHIP SCHOOLS CREDIT UNIONMorton Grove$83.604235
BELL WEST COMMUNITY CREDIT UNIONOak Lawn$25.134193
NEW TRIER FEDERAL CREDIT UNIONKenilworth$26.164061
RIVERSIDE COMMUNITY CREDIT UNIONKankakee$26.053909
GALESBURG BURLINGTON CREDIT UNIONGalesburg$44.573869
A.A.E.C. CREDIT UNIONArlington Heights$62.433768
77TH STREET DEPOT FEDERAL CREDIT UNIONChicago$15.763726
NORTH SIDE COMMUNITY FEDERAL CREDIT UNIONChicago$11.923476
STREATOR COMMUNITY CREDIT UNIONStreator$22.003458
ADM CREDIT UNIONDecatur$16.453402
ILLINOIS VALLEY CREDIT UNIONPeru$25.043329
COMMUNITY PLUS FEDERAL CREDIT UNIONRantoul$14.303285
WINNEBAGO COUNTY SCHOOLS CREDIT UNIONRockford$15.013179
SDC EMPLOYEES CREDIT UNIONKankakee$13.333162
GREAT RIVER COMMUNITY CREDIT UNIONQuincy$17.403129
ARCHER HEIGHTS CREDIT UNIONChicago$13.323093
CARLE EMPLOYEES FEDERAL CREDIT UNIONUrbana$12.283024
AREA EDUCATIONAL CREDIT UNIONMattoon$23.393004
METRO FEDERAL CREDIT UNIONArlington Heights$34.522953
WESTERN ILLINOIS CREDIT UNIONMacomb$14.592913
AMBRAW FEDERAL CREDIT UNIONLawrenceville$9.252908
TEE-PAK CREDIT UNIONDanville$16.342887
ROCKFORD MUNICIPAL EMPLOYES CREDIT UNIONRockford$16.282825
NORTHWEST COMMUNITY CREDIT UNIONMorton Grove$64.082792
FOX VALLEY CREDIT UNIONAurora$19.002753
MOLINE MUNICIPAL CREDIT UNIONMoline$27.872751
DUPAGE COUNTY EMPLOYEES CREDIT UNIONWheaton$13.752713
HARVARD COMMUNITY CREDIT UNIONHarvard$12.352702
NIU EMPLOYEES FEDERAL CREDIT UNIONDekalb$14.972684
ADVANTAGE ONE CREDIT UNIONMorrison$17.982680
KONE EMPLOYEES CREDIT UNIONMoline$19.132654
GENERATIONS CREDIT UNIONRockford$15.582643
CANALS & TRAILS CREDIT UNIONLockport$18.592633
CHICAGO FIREMANS ASSOC CREDIT UNIONChicago$14.982615
SALT CREEK CREDIT UNIONHinsdale$9.342604
ST. JAMES HOSPITAL EMPLOYEES FEDERAL CREDIT UNIONChicago Heights$9.592574
SYNERGY PARTNERS CREDIT UNIONChicago$13.302569
BENSENVILLE COMMUNITY CREDIT UNIONBensenville$18.202540
RIVER TO RIVER CREDIT UNIONVienna$14.022511
SIUE CREDIT UNIONEdwardsville$17.632480
B.A.E. CREDIT UNIONBarrington$36.612468
BLOOMINGTON MUNICIPAL CREDIT UNIONBloomington$20.032456
PEOPLES ENERGY CREDIT UNIONChicago$35.322445
ROCKFORD POSTAL EMPLOYEES CREDIT UNIONLoves Park$16.742441
SANGAMO CHAPTER CREDIT UNIONSpringfield$10.262432
DECATUR MEDICAL DENTAL CREDIT UNIONDecatur$12.292419
NORTH SIDE L FEDERAL CREDIT UNIONChicago$9.062411
KASKASKIA VALLEY CREDIT UNIONCentralia$8.112349
MWRD EMPLOYEES CREDIT UNIONChicago$26.142344
OPERATING ENGINEERS LOCAL #148 CREDIT UNIONGranite City$18.672315
CHICAGO AREA OFFICE FEDERAL CREDIT UNIONChicago$14.012298
SERVICES CREDIT UNIONNaperville$0.222288
ENCORE FEDERAL CREDIT UNIONDes Plaines$39.272260
VAMCO CREDIT UNIONDes Plaines$13.912253
SPRINGFIELD CITY EMPLOYEES CREDIT UNIONSpringfield$9.362100
THREE RIVERS CREDIT UNIONMt Carmel$12.062092
BLAW-KNOX CREDIT UNIONMattoon$7.392076
PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNIONGranite City$9.212072
NEW HORIZON CREDIT UNIONDanville$10.642059
TAZEWELL COUNTY SCHOOL EMPLOYEES CREDIT UNIONPekin$26.382037
SOUTHERN ILLINOIS AREA CREDIT UNIONSwansea$8.142020
IEC FEDERAL CREDIT UNIONSpringfield$12.852002
BURLINGTON NORTHERN SANTA FE RAILWY CREDIT UNIONCicero$6.621941
COGNIS CREDIT UNIONKankakee$12.481936
NORTHWEST MUNICIPAL FEDERAL CREDIT UNIONDes Plaines$23.271901
GLENVIEW CREDIT UNIONGlenview$13.821884
METROPOLITAN L FEDERAL CREDIT UNIONOak Park$6.421853
BAKELITE OTTAWA PLASTICS CREDIT UNIONOttawa$10.631845
SWEDISH AMERICAN FEDERAL CREDIT UNIONRockford$4.701810
FINANCIAL PARTNERS CREDIT UNIONSpringfield$8.211790
LIMITS DEPOT FEDERAL CREDIT UNIONChicago$10.141781
ALLSTEEL CREDIT UNIONOswego$18.951769
BLOOMINGTON POSTAL EMPLOYEES CREDIT UNIONBloomington$18.861767
SOURCEONE CREDIT UNIONChicago$12.841766
SERVICE PLUS CREDIT UNIONMoline$20.471747
TRIANGLE CREDIT UNIONPalos Heights$16.341743
DANVILLE BELL CREDIT UNIONDanville$11.861734
FLOSSMOOR CREDIT UNIONHomewood$7.241710
SOUTHWEST CHICAGO CHAPTER CREDIT UNIONChicago$18.021685
WESTERN ILLINOIS SCHOOL EMPLOYEES CREDIT UNIONQuincy$18.361622
MACON CO SCHOOL EMPLOYEES FEDERAL CREDIT UNIONDecatur$7.721597
CHAMPAIGN COUNTY SCHOOL EMPLOYEES CREDIT UNIONChampaign$9.991594
AURORA POLICEMEN CREDIT UNIONAurora$10.771561
ST. ANTHONY HOSPITAL EMPLOYEE FEDERAL CREDIT UNIONRockford$3.581559
WRIGLEY ASSOCIATES CREDIT UNIONYorkville$14.031534
SCHOOL DISTRICT 40 EMPLOYEES CREDIT UNIONMoline$14.491533
KEMBA PEORIA CREDIT UNIONPeoria$7.441522
PANDUIT EMPLOYEES CREDIT UNIONTinley Park$8.691517
SOUTH SIDE COMMUNITY FEDERAL CREDIT UNIONChicago$3.071500
GENERAL MILLS EMPLOYEES CREDIT UNIONLansing$13.651484
CBI FEDERAL CREDIT UNIONPlainfield$16.541471
VALLEY BELL CREDIT UNIONElgin$13.341456
ARMSTRONG PREFERRED MEMBERS FEDERAL CREDIT UNIONBourbonnais$5.211445
FUNERAL SERVICE CREDIT UNIONSpringfield$8.351445
DANVILLE CONSOLIDATED CREDIT UNIONDanville$6.421442
UNITED METHODIST MINISTRIES CREDIT UNIONBloomington$4.171435
MATERNITY B.V.M. CREDIT UNIONBourbonnais$10.271426
C & NW PROVISO CREDIT UNIONNorthlake$2.461404
PEORIA POSTAL EMPLOYEES CREDIT UNIONPeoria$10.751399
LITTLE COMPANY OF MARY EMPLOY CREDIT UNIONEvergreen Park$4.811388
DIAL CREDIT UNIONMontgomery$8.651360
MOLEX EMPLOYEES FEDERAL CREDIT UNIONLisle$6.431355
MOTOR COACH EMP. CREDIT UNIONEast St Louis$1.981346
EVERGREEN PARK SCHOOLS FEDERAL CREDIT UNIONEvergreen Park$11.681326
PHONE-CO. CREDIT UNIONChicago$8.071313
JEFF-CO SCHOOLS FEDERAL CREDIT UNIONMt Vernon$6.801283
ROUTE 1 CREDIT UNIONParis$4.581266
PEORIA CITY EMPLOYEES CREDIT UNIONPeoria$4.701261
S J H EMPLOYEES FEDERAL CREDIT UNIONSpringfield$1.771200
KANKAKEE TERMINAL BELT CREDIT UNIONKankakee$4.241189
SOUTHEASTERN ELECTRIC EMPLOYEES CREDIT UNIONHarrisburg$7.241187
OTTAWA HIWAY CREDIT UNIONOttawa$8.021181
PONTIAC DWIGHT PRISON EMPLOYS CREDIT UNIONPontiac$5.001163
MORRISON COMMUNITY FEDERAL CREDIT UNIONMorrison$4.951162
OAK LAWN MUNICIPAL EMPLOYEES CREDIT UNIONOak Lawn$3.601161
D’PUC CREDIT UNIONChicago$3.821102
PARIS HI-WAY CREDIT UNIONParis$7.611077
CHICAGO FIRE OFFICERS’ ASSOCIATION CREDIT UNIONChicago$8.341076
EFFINGHAM HIGHWAY CREDIT UNIONEffingham$4.751070
TRINITY U.C.C. FEDERAL CREDIT UNIONChicago$3.171068
C T A S S & U FEDERAL CREDIT UNIONChicago$11.171047
IRSE CREDIT UNIONSpringfield$8.671044
A.S.H. EMPLOYEES CREDIT UNIONAnna$4.041040
COMMUNITY HEALTHCARE CREDIT UNIONUrbana$3.881037
MURRAY EMPLOYEES CREDIT UNIONCentralia$5.561035
CARBONDALE HIGHWAY CREDIT UNIONCarbondale$4.711027
KANKAKEE FEDERATION OF TEACHERS CREDIT UNIONKankakee$7.071025
PEORIA BELL CREDIT UNIONPeoria$9.601024
QUAD CITIES POSTAL CREDIT UNIONMoline$6.281020
SCHOOL DISTRICT 218 EMPLOYEES FEDERAL CREDIT UNIONOak Lawn$12.231012
DEKALB COUNTY CREDIT UNIONDekalb$6.551009
BEVERLY BUS GARAGE FEDERAL CREDIT UNIONChicago$3.891006
HOMETOWN CREDIT UNIONQuincy$7.421002
CHICAGO AVENUE GARAGE FEDERAL CREDIT UNIONChicago$7.47966
LAUHOFF EMPLOYEES CREDIT UNIONDanville$5.72966
SCHOOL DISTRICT #9 CREDIT UNIONGranite City$6.17966
HOMEWOOD FEDERAL CREDIT UNIONHomewood$3.53955
ELGIN MENTAL HEALTH CENTER CREDIT UNIONElgin$7.70921
THORNTON TOWNSHIP HIGH SCHOOLS CREDIT UNIONSouth Holland$9.09917
CHAMPAIGN MUNICIPAL EMPLOYEES CREDIT UNIONChampaign$4.81907
DECATUR POSTAL CREDIT UNIONDecatur$10.57907
STATE EMPLOYEES CREDIT UNIONAlton$5.77902
FIRST SECURITY CREDIT UNIONLincolnwood$4.36894
ELECTRIC ENERGY INC EMPLOYEES CREDIT UNIONMetropolis$2.42881
MILLEDGEVILLE COMMUNITY CREDIT UNIONMilledgeville$4.35876
BRANCH 825 N.A.L.C. CREDIT UNIONOak Brook$2.14823
QUINCY POSTAL EMPLOYEES CREDIT UNIONQuincy$2.55791
KANKAKEE COUNTY FEDERAL EMP FEDERAL CREDIT UNIONKankakee$4.87787
WESTERN SPRINGS FEDERAL CREDIT UNIONWestern Springs$3.18787
KEDZIE AVENUE DEPOT FEDERAL CREDIT UNIONChicago$3.47777
JOLIET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNIONJoliet$6.04771
DEL MONTE EASTERN REGION EMPLOYEES FEDERAL CREDIT UNIONRochelle$2.58764
ELECTRICAL WORKERS CREDIT UNIONCollinsville$2.52763
A.C. JAACKS CREDIT UNIONCalumet City$3.43759
UPWA, DISTRICT #1 AREA 5 CREDIT UNIONChicago$0.83754
PEORIA JOURNAL STAR CREDIT UNIONPeoria$2.59751
ALDERSGATE FEDERAL CREDIT UNIONMarion$3.18749
74TH STREET DEPOT FEDERAL CREDIT UNIONChicago$8.07743
AMERICAN NICKELOID EMPLOYEES CREDIT UNIONLasalle$10.05743
PARISH MEMBERS CREDIT UNIONMetamora$3.67736
DECATUR STANOLIND CREDIT UNIONDecatur$4.49718
CSX CHICAGO TERMINAL CREDIT UNIONCalumet City$6.52712
URBANA MUNICIPAL EMPLOYES CREDIT UNIONUrbana$2.61706
CTA – C AND M FEDERAL CREDIT UNIONChicago$1.76705
ROMEOVILLE COMMUNITY CREDIT UNIONRomeoville$3.27701
R I D FEDERAL CREDIT UNIONRock Island$3.86691
WILLIAMSON COUNTY CATHOLIC CREDIT UNIONHerrin$1.65673
C. T. COMMUNITY CREDIT UNIONFairmont City$1.80664
MADCO CREDIT UNIONEdwardsville$1.37662
MERCER CREDIT UNIONAledo$2.51653
PEORIA HIWAY CREDIT UNIONPeoria$2.27648
B.E.A. CREDIT UNIONBethalto$4.10642
I.B.E.W. LOCAL #146 CREDIT UNIONDecatur$3.18626
NORMAL CITY EMPLOYEES FEDERAL CREDIT UNIONNormal$3.41604
HERSHEY ROBINSON EMPLOYEES CREDIT UNIONRobinson$3.09600
C T A F C FEDERAL CREDIT UNIONChicago$1.08580
ETHICON SUTURE CREDIT UNIONChicago$0.86573
HAULPAK FEDERAL CREDIT UNIONPeoria$2.49566
BLOOM TOWNSHIP HIGH SCHOOL CREDIT UNIONChicago Heights$2.99559
ALTON BELL COMMUNITY CREDIT UNIONAlton$2.84558
QUINCY MUNICIPAL CREDIT UNIONQuincy$3.40557
CTA SOUTH FEDERAL CREDIT UNIONChicago$0.96556
AURORA POSTAL EMPLOYEES CREDIT UNIONAurora$1.97535
A M CASTLE EMPLOYEES FEDERAL CREDIT UNIONFranklin Park$1.86529
AURORA FIREFIGHTERS’ CREDIT UNIONAurora$1.82514
CF INDUSTRIES INC. EMPLOYEES FEDERAL CREDIT UNIONDeerfield$2.11511
JOLIET FIREFIGHTERS CREDIT UNIONJoliet$4.59505
SALEM SCHOOL SYSTEM CREDIT UNIONSalem$2.24499
M.W.P.H. GRAND LODGE OF ILLINOIS FEDERAL CREDIT UNIONChicago$0.45494
CHAMPAIGN POSTAL CREDIT UNIONChampaign$1.93486
COLLEGE AND UNIVERSITY CREDIT UNIONChicago$1.37480
CANAAN CREDIT UNIONUrbana$0.13475
ALTON & SOUTHERN RAILROAD EMP FEDERAL CREDIT UNIONEast St Louis$1.17451
SILGAN WHITE CAP CREDIT UNIONDowners Grove$2.64450
ST. MARK CREDIT UNIONChicago$0.78437
FELLOWSHIP BAPTIST CHURCH CREDIT UNIONChicago$0.97435
TINLEY FOREST EMPLOYEES CREDIT UNIONOak Forest$2.62435
SCHOOL DISTRICTS 162/163 EMPLOYEES FEDERAL CREDIT UNIONPark Forest$1.82434
PEORIA U S EMPLOYEES FEDERAL CREDIT UNIONPeoria$2.28426
S M H FEDERAL CREDIT UNIONPeru$0.78422
TAZEWELL COUNTY GOVERNMENT EMP CREDIT UNIONPekin$1.79419
TAYLORVILLE SCHOOL EMPLOYEES CREDIT UNIONTaylorville$1.94410
PARK MANOR CHRISTIAN CHURCH CREDIT UNIONChicago$1.01403
I W U FEDERAL CREDIT UNIONBloomington$3.16400
UTILITY EMP LASALLE SERV AREA CREDIT UNIONLasalle$1.79376
COMPACTION AMERICA FEDERAL CREDIT UNIONKewanee$3.00375
PEORIA FIRE FIGHTERS CREDIT UNIONPeoria$3.98375
PEOPLE’S COMMUNITY CREDIT UNIONLasalle$1.38373
DECATUR POLICEMEN CREDIT UNIONDecatur$3.98364
DISTRICT 123 FEDERAL CREDIT UNIONOak Lawn$3.34358
SORENG EMPLOYEES CREDIT UNIONCarol Stream$1.24358
SPRINGFIELD FIREFIGHTERS CREDIT UNIONSpringfield$3.51356
HEALTH CARE ASSOCIATIONS FEDERAL CREDIT UNIONChicago$1.58355
REAVIS – STICKNEY CREDIT UNIONBurbank$0.97339
EGYPTIAN CREDIT UNIONCollinsville$1.80332
URBANA POSTAL CREDIT UNIONUrbana$1.01328
N.I.C.E. FEDERAL CREDIT UNIONSt Charles$1.40323
WAUKEGAN MUNICIPAL EMPLOYEES CREDIT UNIONWaukegan$0.89322
UNITED CATHOLIC CREDIT UNIONGranite City$1.14319
CPT CREDIT UNIONDes Plaines$0.96312
IBEW LOCAL B-649 CREDIT UNIONAlton$2.02312
ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNIONAlton$0.58309
MENARD CREDIT UNIONChester$0.36300
CLIFFORD-JACOBS EMPLOYEES CREDIT UNIONChampaign$2.29279
MT. ZION CREDIT UNIONZion$0.21270
CARUS EMPLOYEES CREDIT UNIONPeru$0.51269
HOLY FAMILY OGLESBY FEDERAL CREDIT UNIONOglesby$0.51260
ELECTROPOWER CREDIT UNIONEast St Louis$0.63254
ELECTROGAS CREDIT UNIONAlton$1.25247
GIDEON FEDERAL CREDIT UNIONWaukegan$0.22245
BEREAN CREDIT UNIONChicago$0.10236
ST. HELENA PARISH CREDIT UNIONChicago$0.08228
COMMUNITY FEDERAL CREDIT UNIONChicago$0.13224
ISRAEL METHCOMM FEDERAL CREDIT UNIONChicago$0.99220
COMMANDING OFFICERS AND SERGEANTS CREDIT UNIONChicago$0.36216
SHILOH BAPTIST FEDERAL CREDIT UNIONWaukegan$0.33208
MARION MEMORIAL HOSPITAL CREDIT UNIONMarion$0.18207
CASEYVILLE TOWNSHIP COMMUNITY CREDIT UNIONFairview Heights$0.56205
BALL ELGIN FEDERAL CREDIT UNIONElgin$0.99201
CERROBRASS CREDIT UNIONEast St Louis$0.54189
UNIFIED HOMEOWNERS OF ILLINOIS FEDERAL CREDIT UNIONChicago$0.27189
EVANSTON FIREMENS CREDIT UNIONEvanston$1.68183
PERU MUNICIPAL CREDIT UNIONPeru$0.37177
ST. JUDE CREDIT UNIONChicago$0.55176
ST. GREGORY PARISH CREDIT UNIONChicago$0.36173
FEDERAL LIFE EMPLOYEES CREDIT UNIONRiverwoods$0.96168
IMPERIAL CREDIT UNIONSpringfield$0.03167
ANTIOCH MB FEDERAL CREDIT UNIONDecatur$0.16166
PILGRIM BAPTIST CREDIT UNIONChicago$0.39165
FREEPORT CITY EMPLOYEES CREDIT UNIONFreeport$0.54160
SHILOH ENGLEWOOD FEDERAL CREDIT UNIONChicago$0.22160
ST. ELIZABETH’S CREDIT UNIONChicago$0.18160
CHICAGO HEIGHTS STEEL CREDIT UNIONChicago Heights$0.91152
MEA CREDIT UNIONMonticello$0.25144
WIN-HOOD CO-OP CREDIT UNIONChicago$2.01142
BETHEL A.M.E. CHURCH CREDIT UNIONChicago$0.07141
ROCKFORD NEWSPAPERS CREDIT UNIONRockford$0.35141
RESURRECTION LUTHERAN FEDERAL CREDIT UNIONChicago$0.22140
ST. MARTIN DE PORRES PARISH FEDERAL CREDIT UNIONChicago$0.24139
COSMOPOLITAN FEDERAL CREDIT UNIONChicago$0.20138
NAIL WORKERS CREDIT UNIONSpring Valley$0.54127
MCMILLEN MASTER CREDIT UNIONGibson City$0.31123
GREATER INSTITUTIONAL A.M.E. CHURCH CREDIT UNIONChicago$0.08113
METRO FELLOWSHIP FEDERAL CREDIT UNIONChicago$0.13109
GOOD SHEPHERD CREDIT UNIONChicago$0.06108
DIXON CITY EMPLOYEES FEDERAL CREDIT UNIONDixon$0.29102
NYC EMPLOYEES CREDIT UNIONHarrisburg$0.1298
WATER COMPANY EMPLOYEES CREDIT UNIONCollinsville$0.2296
HANNA EMPLOYEES CREDIT UNIONLibertyville$0.1983
BAGUMBAYAN CREDIT UNIONChicago$0.0473
MONUMENTAL CREDIT UNIONChicago$0.0568
D-B EMPLOYEES CREDIT UNIONMarion$0.2947
CHICAGO FAUCET FEDERAL CREDIT UNIONDes Plaines$0.2946
AECO FEDERAL CREDIT UNIONChicago$0.2834
CHICAGO LEE FEDERAL CREDIT UNIONChicago$0.001

Student Loans in Illinois

Monetary Award Program (MAP)

The Monetary Award Program (MAP) is a needs-based grant that offers funding to students who attend approved Illinois colleges and universities. You don’t need to submit your high school test scores when applying and awards are available to adults and non-traditional students. As well, amounts are determined by its MAP formula and the neediest students usually receive the most funding.

To qualify:

  • You must be a U.S. citizen or eligible non-citizen and be an Illinois resident or dependent of an Illinois resident.
  • You must be enrolled for at least 3 credit hours per term at an approved institution.
  • You must not already have a bachelor’s degree.
  • You must not be in default of a previous student loan or owe a refund on a state or federal grant.
  • You must not have used the equivalent of 135 MAP Paid Credit Hours or more.

Federal Housing Administration (FHA) Loans in Illinois

Across Illinois, there are 102 counties where you can apply for an FHA loan. The lowest loan amount of $314,827 is available in 91 counties, while the highest loan amount of $707,700 is available in 9 counties.

CountySingle Unit Limit (lowest)Four-Plex Limit (highest)
Adams County$331,760$638,100
Alexander County$331,760$638,100
Bond County$331,760$638,100
Boone County$339,250$652,400
Brown County$331,760$638,100
Bureau County$331,760$638,100
Calhoun County$331,760$638,100
Carroll County$331,760$638,100
Cass County$331,760$638,100
Champaign County$331,760$638,100
Christian County$331,760$638,100
Clark County$331,760$638,100
Clay County$331,760$638,100
Clinton County$331,760$638,100
Coles County$331,760$638,100
Cook County$368,000$707,700
Crawford County$331,760$638,100
Cumberland County$331,760$638,100
De Witt County$331,760$638,100
Dekalb County$368,000$707,700
Douglas County$331,760$638,100
Dupage County$368,000$707,700
Edgar County$331,760$638,100
Edwards County$331,760$638,100
Effingham County$331,760$638,100
Fayette County$331,760$638,100
Ford County$331,760$638,100
Franklin County$331,760$638,100
Fulton County$331,760$638,100
Gallatin County$331,760$638,100
Greene County$331,760$638,100
Grundy County$368,000$707,700
Hamilton County$331,760$638,100
Hancock County$331,760$638,100
Hardin County$331,760$638,100
Henderson County$331,760$638,100
Henry County$331,760$638,100
Iroquois County$331,760$638,100
Jackson County$331,760$638,100
Jasper County$331,760$638,100
Jefferson County$331,760$638,100
Jersey County$331,760$638,100
Jo Daviess County$331,760$638,100
Johnson County$331,760$638,100
Kane County$368,000$707,700
Kankakee County$331,760$638,100
Kendall County$368,000$707,700
Knox County$331,760$638,100
Lake County$368,000$707,700
Lasalle County$331,760$638,100
Lawrence County$331,760$638,100
Lee County$331,760$638,100
Livingston County$331,760$638,100
Logan County$331,760$638,100
Macon County$331,760$638,100
Macoupin County$331,760$638,100
Madison County$331,760$638,100
Marion County$331,760$638,100
Marshall County$331,760$638,100
Mason County$331,760$638,100
Massac County$331,760$638,100
Mcdonough County$331,760$638,100
Mchenry County$368,000$707,700
Mclean County$331,760$638,100
Menard County$331,760$638,100
Mercer County$331,760$638,100
Monroe County$331,760$638,100
Montgomery County$331,760$638,100
Morgan County$331,760$638,100
Moultrie County$331,760$638,100
Ogle County$331,760$638,100
Peoria County$331,760$638,100
Perry County$331,760$638,100
Piatt County$331,760$638,100
Pike County$331,760$638,100
Pope County$331,760$638,100
Pulaski County$331,760$638,100
Putnam County$331,760$638,100
Randolph County$331,760$638,100
Richland County$331,760$638,100
Rock Island County$331,760$638,100
Saline County$331,760$638,100
Sangamon County$331,760$638,100
Schuyler County$331,760$638,100
Scott County$331,760$638,100
Shelby County$331,760$638,100
St. Clair County$331,760$638,100
Stark County$331,760$638,100
Stephenson County$331,760$638,100
Tazewell County$331,760$638,100
Union County$331,760$638,100
Vermilion County$331,760$638,100
Wabash County$331,760$638,100
Warren County$331,760$638,100
Washington County$331,760$638,100
Wayne County$331,760$638,100
White County$331,760$638,100
Whiteside County$331,760$638,100
Will County$368,000$707,700
Williamson County$331,760$638,100
Winnebago County$339,250$652,400
Woodford County$331,760$638,100

Business Loans in Illinois

If you’re looking to expand your business, the online lenders below offer reliable service and competitive rates:

Amount

Up to $10,000,000

APR

Vary

Min Credit Score

0

Licensed in Illinois

Yes

Amount

$5,000 - $500,000

APR

9.77% - 35.98%

Min Credit Score

600

Licensed in Illinois

Yes

Amount

$5,000 - $500,000

APR

5.99% – 35.99%

Min Credit Score

500

Licensed in Illinois

Yes

Amount

Up to $250,000

APR

24% – 99%

Min Credit Score

560

Licensed in Illinois

Yes

Amount

Up to $350,000

APR

9.28 - 10.52%

Min Credit Score

650

Licensed in Illinois

Yes

Amount

Up to $350,000

APR

10.00 - 25.00%

Min Credit Score

680

Licensed in Illinois

Yes

Amount

$75,000 - $5,000,000

APR

5.50 - 8.25%

Min Credit Score

650

Licensed in Illinois

Yes

Amount

Up to $500,000

APR

12.18 - 36.00%

Min Credit Score

660

Licensed in Illinois

Yes

Amount

Up to $500,000

APR

9.00 - 99.00%

Min Credit Score

600

Licensed in Illinois

Yes

Amount

Up to $5,000,000

APR

15.00 - 78.00%

Min Credit Score

600

Licensed in Illinois

Yes

Amount

Up to $1,000,000

APR

Vary

Min Credit Score

0

Licensed in Illinois

Yes

Amount

$6,000 to $250,000

APR

Vary

Min Credit Score

0

Licensed in Illinois

Yes

However, for a local alternative in Illinois, consider:

Accion Chicago

Accion Chicago is a non-profit lender that offers customized capital solutions and business training to entrepreneurs in Illinois. You can borrow up to $100,000 with repayment terms up to 10 years. APRs are fixed and eligible businesses include service, retail, wholesale and manufacturing. However, non-profit organizations and businesses involved in real estate development, exporting, multi-level marketing, adult entertainment and lending are not eligible.

You can visit Accion Chicago office at: 1436 W. Randolph St. Suite 300 Chicago, IL 60607. You can also call them at (312) 275-3000 or email them at info@accionchicago.org.

Conclusion

For installment loans in Illinois, the state adopts a tiered interest rate structure. For loans of $4,000 or less, APRs are capped at 99%. For loans of $4,001 to $40,000, APRs are capped at 36%. However, the APR caps exclude car title loans and payday loans – which can have APRs of 300% and 404% respectively. With regard to amounts, payday loans are capped at the lessor of $1,000 or 25% of your gross monthly income. For car title loans, amounts are capped at $4,000, as long as monthly payments do not exceed 50% of your gross monthly income. Rollovers are prohibited for payday loans, while refinancing for car title loans is only allowed after the principal has been reduced by at least 20%. Moreover, the amount of the new loan cannot exceed the total outstanding balance of the original loan.

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