Online Payday Loans in Illinois

Cash in a Snap is a state-licensed, online payday loan referral service in Illinois. With over 6 years of lending experience, we are committed to helping the people of Illinois in solving their financial crunch quickly by providing instant cash advances. We abide by the rules and regulations of the industry standards organization – OLA and have no hidden fees or unexpected charges for our online payday loans request process.

If you have more questions about payday loans online, the loan request process, or loan terms, contact us via phone.

• Payday Loans in Chicago (City in Illinois)

When unexpected expenses hit, and you're facing a financial crunch in Illinois, our payday loans can provide the fast and reliable solution you need. At CashinaSnap, we understand that life can throw curveballs, and sometimes you need extra cash to cover essential expenses. That's where our Illinois payday loans come in.

Illinois payday loans are short term, small dollar loans designed to help you bridge the gap between pay checks. Whether you have an unexpected medical bill, an auto repair, or any other urgent expense, our payday loans can offer quick financial relief. These loans are typically due on your next payday.

Fast Approval: We know that time is of the essence when you need money urgently. Our streamlined application process ensures you can get approved quickly, often within 90 seconds.

No Traditional Hard Check: Worried about your credit history? Our payday loans do not require a traditional hard credit check, making them accessible to people with various credit backgrounds.

Flexible Repayment: Repay the loan on your next payday, making it a short term solution that aligns with your budget.

Convenient Online Application and Processing: Apply from the comfort of your home or on the go, 24/7. Our user friendly online process is simple, secure, and fast.

Online Application: Visit our website and complete a brief online application form. It takes just 3-5 minutes.

Quick Approval: Our sophisticated technology will review your application immediately and match it to one of our referral direct lenders. If approved, you can receive the funds electronically in 1 business day.

Repayment: Repay the loan amount, including fees, on your next payday, as outlined in your loan agreement or based on the terms offered and accepted.

Immediate Financial Relief: When unexpected expenses arise, our payday loans offer a quick solution to regain control of your finances.

Transparent Terms: We believe in transparency. Our direct lenders’ terms and conditions are straightforward, ensuring you understand all costs involved.

Most Illinois consumers need help covering a cash emergency. Short term direct lenders are a great place to start, as they will work with a wide variety of clients.

You can fill out a loan request online to get the ball rolling. Save time by requesting money from a network of lenders at the same time and improve your odds of approval too!

• Personal information, like your name, address, and phone number
• Income information, like your employer or revenue source(s)
• Bank information, like your account number (so the lender knows where to deposit your money)
• Lenders require this information, so you will likely need to provide it no matter where you are looking for a loan.

Payday loans are fee based. This is why, when calculating APR or annual percentage rates, the percentages are very high. Payday loans are not meant to be long term loans and are limited to much shorter durations. They are meant to cover emergency situations and expenses and be repaid quickly.

• Legal Status: Legal
• Maximum Loan Amount: $1,000 (or 25% of gross monthly income)
• Minimum Loan Term: 13 days
• Maximum Loan Term: 120 days
• Number of Rollovers Allowed: 0
• Number of Outstanding Loans Allowed: 2
• Cooling off period: 7 days
• Installment Loans allowed: Yes
• Finance Charges: 15.5% per $100 + $1 verification fee

Don’t despair if you have bad credit; you can still get a payday loan in Illinois. CashinaSnap helps find payday loans for people with all credit histories, including poor credit.

Maximum Loan amount is $1,000; or

25% of the consumer’s gross monthly income; or

if one or more installment payday loans, 22.5% of your gross monthly income.

It is forbidden to take more than 2 loans at one time.

Example:

How much does a $100 Payday Loan cost in Illinois?

With a 13 day term:

Loan cost: $16.50

Total cost = $116.50

Fee Components:

15.5% of $100 = $15.50 (one-time fee)

$15.50 + $1.00 (verification fee) = $16.50

In Illinois, a person can take a payday loan for a term from 13 days up to 120 days. Most loans are for 1 month. Rollovers are prohibited especially if they are intended to extend the repayment period of the payday loan. A cooling off period means that you must wait 7 days after 45 days of having a loan. Otherwise, you cannot be approved for the next loan.

Payday loan amounts range from $100 to $1,000. Borrowing periods can go up to 120 days.

Repayments for the payday loan will be taken out automatically from your bank account. This will happen on the date agreed between you and your direct lender.

None. CashinaSnap will never charge any fees for submitting a payday loan request form.

Funds normally come through in one business day.

Yes, the limit is two loans.

State law allows you to get a second payday loan if you already have one open. But that does not mean lenders will give you a second loan.

Over time payday loans that are unpaid do get written off. However, writing off payday loans does not happen quickly. It can take 5 years for a write off to happen. In the meantime, a collection agency could be harassing you all the time to arrange to pay the outstanding loan debt. And in some cases, the agency can take you to civil court to collect the debt.

Payday lenders usually verify employment status or income by asking you to provide a recent pay stub or bank statement, SSI payment letter, or some other document verifying your recent earnings. Rarely they will call to verify employment if they cannot find any corroborating data.