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Best Payday Loans in Chicago, IL

Payday loans are short-term, high-interest loans that put cash in your pocket while you wait for your next paycheck. We put together a guide of the best payday loans in Chicago to help you choose a lender with an easy application process, quick approvals, fast funding and good reviews from borrowers in the Windy City.

Top 11 Chicago Payday Loan Companies

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Speedy Cash
Read 1,818 Reviews

Obtain payday and title loans with maximum amounts that vary by state. Payday loans range from $255-$2,500 and title loans range from $300-$25,000. Check cashing and money orders also available.

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CashNetUSA
Read 3,394 Reviews

Provides payday loans up to $1,800, which customers can receive the next business day. They also offer brokered installment loans up to $2,400, a savings program and access to free financial tools.

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Silver Cloud Financial
Read 211 Reviews

This company offers tribal loans for people who need access to a short-term loan due to an emergency or financial hardship. Loans range from $300-$1,000. Apply online and get your funds the next business day.

Check Into Cash
Read 2,061 Reviews

Lender with 25 years in business offers payday loans up to $1,000 and title loans up to $25,000 with easy application process. Consumers can get funds the next business day. Installment loans and lines of credit also available.

Advance America Cash Advance
Read 344 Reviews

Supplies both payday and title loans online or at over 2,000 store locations. Amounts vary by state and vehicle specifics. Max payday loans range $100-$1,100 and max title loans range $300-$10,000.

Check n' Go
Read 201 Reviews

Supplies payday loans and installment loans in 17 states that are typically available the next business day. Max payday loan amounts vary by state and range from $50-$1,500.

A Plus Title Loans
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Offers high approval rates on payday loans and payday installment loans. Gives same-day cash. Doesn’t check borrower’s credit history. Apply online or at the store in Des Plaines.

America's Financial Choice
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Offers payday loans and payday installment loans. Requirements include steady income and verifiable personal information. No bank account or credit history needed. Apply online, by phone or at one of seven Chicagoland locations.

Cashcity Payday
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Provides payday loans up to $1,000 without considering credit history. Deposits cash by the following business day. Requires gross income of at least $375 per week and at least three months with same employer. Guarantees privacy.

Sun Cash
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Lends up to $255 in same-day cash. Doesn’t check credit. Accepts applicants with new jobs and prior bankruptcy. Offers referral incentives to customers. Three locations and more than 20 years of experience in Illinois.

USA Payday Loans Chicago
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Offers payday advance loans and payday installment loans. Loan amounts range from $50 to $864. Charges 0% interest on your first payday loan up to $300. Operates multiple locations in the Chicago area.

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    Chicago skyline

    If you're thinking about applying for a payday loan, you aren't alone. More than 250,000 borrowers took out payday loans and installment payday loans in Illinois in 2017, according to the Illinois Department of Financial and Professional Regulation. Overall, companies made more than 204,000 payday loans and over 355,000 installment payday loans in 2017, together totaling over $325 million in principal.

    Chicago consumers take out payday loans to pay for emergencies and ordinary living expenses. Keep reading to learn more about payday loan laws in Chicago, what you need to apply and answers to frequently asked questions.

    Payday loan regulations in Chicago, IL

    Payday lenders in Chicago are regulated by the Illinois Department of Financial and Professional Regulation’s Division of Financial Institutions, Consumer Credit Section and must follow Illinois law.

    There are two different types of payday loans in Illinois:

    • Payday loans must be paid back in two to four weeks and have annual percentage rates (APR) as high as 400%.
    • Payday installment loans have longer terms that can last up to six months and APRs as high as 400%.

    If you have only a single payday loan in Chicago, you cannot owe more than $1,000 in total payments during the first calendar month of the loan. If you have more than one payday loan, the total payments can’t exceed the lesser of $1,000 or 25% of your gross monthly income. If you have more than one installment payday loan or a combination of payday loans and installment payday loans, the total payments can’t exceed the lesser of $1,000 or 22.5% of your gross monthly income.

    In general, payday lenders can’t charge more than $15.50 per $100 borrowed. As part of a payday loan, you receive a written agreement with a clear description of your payment obligations. If you take out a payday loan and still owe money after 35 days, you are allowed to enter into a repayment plan that gives you at least 55 days to repay the loan in installments with no additional charges.

    Requirements for a Chicago payday loan

    Each payday loan lender has its own requirements. Whether you apply online, over the phone or in person at a payday loan store in Chicago, you usually need:

    • State-issued ID
    • Social Security number or Taxpayer Identification number
    • Phone number
    • Checking account
    • Proof of income

    You don’t need good credit to qualify for a payday advance in Chicago, so don’t worry if your credit history is bad or nonexistent. Shortly after applying, you find out if you qualify for a payday loan and how much you can borrow. If you apply at a payday loan store, you walk out with cash the same day. If you complete the entire process online or over the phone, it may take one to two business days before the money is electronically deposited in your bank account.

    Chicago payday loan FAQ

    What kind of loan can I get in Chicago with bad credit?
    Consumers with bad credit can still qualify for payday loans and payday installment loans in Chicago. Many payday loan lenders in Chicago don’t do credit checks when you apply. Consumers with bad credit can also get other types of personal loans, including secured and unsecured loans.
    What are some alternatives to payday loans in Chicago?
    There are many possible alternatives to payday loans, including applying for a loan at a bank or credit union, asking for a loan from a family member or friend and contacting creditors to ask for extensions. If you’re having trouble managing debt, think about credit counseling, which offers financial guidance for little or no cost.
    Can I go to jail for not paying back a payday loan in Chicago?
    No, you can't be arrested for defaulting on a payday loan, according to the Consumer Financial Protection Bureau. If you are threatened with arrest for not paying back your payday loan in Chicago, report the company to the Illinois attorney general and the Illinois Department of Financial and Professional Regulation

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      Chicago payday loan company information

      A Plus Title Loans

      A Plus Title Loans offers two-week payday loans and six-month payday installment loans of up to $2,500 for borrowers of all credit types. Apply online or at its store. To qualify, you need to be 18 or older, an Illinois resident and have a monthly income of at least $1,200. A Plus Title Loans has been offering loans in Chicago’s northwest suburbs since 2008.

      • Address: 8983 Potter Road, Des Plaines, IL 60016
      • Phone: (847) 768-5951
      • Hours: Call for hours
      • Website: aplustitlepaydayloan.com
      Sun Cash

      Sun Cash lends up to $255 in Chicago payday loans without checking credit reports. Apply by calling the nearest location or submit an inquiry online and have a representative contact you the same day. Application to preapproval typically takes 30 minutes or less. Applicants with new jobs, prior bankruptcy and no direct deposit qualify.

      • Address: 5800 W. North Ave., Chicago, IL 60639
      • Phone: (773) 237-3131
      • Hours: M - F: 9am - 6pm; Sat: 9am - 12pm
      • Website: illinoisloancenters.com
      America's Financial Choice

      America's Financial Choice, a local Illinois lender, offers payday loans and payday installment loans. Customers can start the application process online, call or go to locations in Chicago, Oak Park, Calumet City or Dolton. The AFChoice Mobile app makes it easy to apply, upload documents, make payments and sign contracts.

      • Address: 3555 W. Irving Park Road, Chicago, IL 60618; Multiple locations
      • Phone: (773) 866-1400
      • Hours: Call for hours
      • Website: afchoice.com
      Cashcity Payday

      Cashcity Payday offers payday loans up to $1,000. Customers can apply over the phone, in person or online safely and securely. To be eligible, you must be a U.S. citizen employed for at least three months by the same employer, make at least $375 per week before taxes and have an open and active checking account. Cashcity Payday approves applicants in less than an hour and deposits cash directly into your bank account.

      • Address: 5603 W. 79th St., Burbank, IL 60459
      • Phone: (708) 430-5556
      • Hours: Call for hours
      • Website: cashcitypayday.com
      USA Payday Loans Chicago

      With USA Payday Loans, your first payday loan up to $300 is interest-free. Customers can apply online, over the phone or at locations in Chicago, Northlake, Hanover Park, Elgin, Crestwood, Tinley Park and Aurora. Two-week payday loans are available in amounts from $50 to $864; payday installment loans with terms up to six months range from $100 to $1,500.

      • Address: 4124 N. Milwaukee Ave., Chicago, IL 60641
      • Phone: (773) 427-1981
      • Hours: M: 9am - 7pm; T - Th: 9am - 6pm; F: 9am - 7pm; Sat: 9am - 1pm
      • Website: usapaydayloanstore.com
      by Sandi Pope ConsumerAffairs Research Team

      Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.

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