Illinois Payday Loans

Payday loans are legal in Illinois. The state of Illinois does not have strict laws governing the payday loan industry. Payday loan companies are allowed to operate with a physical presence (storefront) in the state. Lenders, such as lenders in Chicago, are not able to bring any criminal charges against borrowers for non-payment of a loan. Borrowers are able to request loans in the amount of up to $1000 or 25% of their monthly income. The terms for a payday loan are variable - lenders can allow between 13 and 45 days for a borrower to repay the payday loan. While most states regulate that borrowers can only have one payday loan outstanding at a time, Illinois allows for two outstanding loans per person. Illinois does also require a "cooling off" period of 7 days between paying off one loan and taking out another.

Maximum Charge Per $100

The maximum interest charge per $100 lent in the state of Idaho is $15.50.

Rollovers and Repayment

Payday loan borrowers in Illinois are not permitted to rollover, or renew, their loans. Payday loan companies are required to offer repayment plans to their customers.


The Illinois Division of Financial Institutions, Consumer Credit Section is the body that is in charge of regulating Illinois payday loans. They are located in Springfield, IL.

Cash Recovery LLC
200 North La Salle Street Suite 2850
Chicago, IL 60601
10 Minute Payday Loans
100 West Randolph Street Uppr 111
Chicago, IL 60601
Americash Loans
1431 West Mndrose Clark & Mont
Chicago, IL 60607
Cash To Go
3555 West Irving Park Road
Chicago, IL 60618
Cash America Inc of Illinois
3900 North Broadway Street
Chicago, IL 60613
Americash Loans
5310 North Broadway Street
Chicago, IL 60640
4815 West Irving Park Road
Chicago, IL 60641
Check 'n Go
2307 West Lawrence Avenue
Chicago, IL 60625
Cash America Pawn
3123 North Ashland Avenue
Chicago, IL 60657
Advance Til Payday
1938 West Lawrence Avenue
Chicago, IL 60640

Illinois Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter