Fill in our online application form to get your loan today. Even if you don’t have a perfect credit history, we’ll try to help.
Get Payday Loans in Chicago and Illinois, IL
Dollar Hand can help you find the best payday loan for you from anywhere in Illinois! Whether you are based in Chicago, Aurora, Elgin or any other city, you can get fast cash today. The application is fully online and quick and easy to complete.
With Dollar Hand, you can borrow from $100 to $35,000, and receive your loan within the hour!
If a payday loan amount was $500 with a rate of interest 292% (fixed) and a representative of 171% APR, it would cost you $546.225 after 2 weeks, $592.27 after 1 month and $773.95 after 3 months.*
* We do not know the number of borrowers who take out a loan or the APR, this is a calculation based on the mean APR of our lending partners.
How To Apply For A Payday Loan in Illinois
Step 1 - Fill in Dollar Hand's Form
Step 2 - Dollar Hand Finds the Right Fit
We will search our panel of reputable lenders to find the right loan for you. You can then decide if you would like to approve the loan offer.
Step 3 - Receive Your Funds From Dollar Hand's Lending Partner
If your application is successful, you will receive your funds within the hour, the day or the next business day.
Should I Get a Payday Loan in Illinois?
Payday loans are not the right option for you if you are hoping to gain some extra cash for alcohol, gambling, socialising or frivolous purchases. They’re better to be used for unexpected and urgent bills such as home repairs and medical bills.
Payday loans are also not the best choice if you are trying to rectify a long-term financial issue. Be sure to look into the payday loan repayment terms carefully and assess whether you will be able to afford them, before taking out a payday loan.
It is important to note that if you fail to repay the loan, interest can increase on your loan and your credit rating may be negatively impacted. A poor credit rating usually makes it more difficult to be approved for another loan in the future.
If you decide to go ahead, you can easily borrow money online with Dollar Hand in the flick of a finger! Submitting a loan request form is free of charge and will not affect your credit score. You’ll get an instant loan offer on screen and once you are approved, you will receive the total loan amount into your bank account within 1 business day. What’s not to love! Get started with Dollar Hand today.
What Are the Illinois Payday Loan Regulations?
Payday loans are legal in Illinois. Some of the key rules and regulations are:
- Maximum Loan Amount: $1,000 or 25% of the borrowers gross monthly income
- Minimum Loan Amount: Not specified
- Maximum Loan Term: 120 days
- Minimum Loan Term: 13 days
- Price Cap: 36% (APR)
- Rollovers: Not permitted
- Outstanding Loans: Maximum of 2 outstanding loans at one time
- Cooling-off period: 7 days
- Finance Charges: 15.5% per $100 + $1 verification fee
Where in Illinois Can I Get a Payday Loan?
Dollar Hand offers loans all across Illinois and the US. Areas include:
- Bedford Park
- Blue Island
- Buffalo Grove
- Crest Hill
- Des Plaines
- Downers Grove
- Du Quoin
- Franklin Park
- Oak Lawn
- Oak Park
- Orland Park
- Richton Park
- Rock Island
- Saint Joseph
- South Holland
- Stone Park
- Tinley Park
- Villa Grove
- Wood Dale
Our online platform means that your location does not need to be a barrier to you. Simply fill in our online submissions form and you could receive your payday loan in a couple of hours. Accessing funds has never been easier!
How Can I Get a Payday Loan In Illinois With Dollar Hand?
You can get up to $35,000 within the hour directly from your computer/tablet. It takes a few minutes to complete the Dollar Hand online loan request form, and you will get an instant decision informing you if you have been accepted or not for your payday loan.
A payday loan can be especially useful when facing an unexpected expense that needs handling immediately. While the reasons that people may take out a loan are numerous, some of the most common include an unexpected vet or medical bill, car troubles, or house repairs.
Dollar Hand does the hard work for you and matches your application with the lender most likely to accept your application and give you the best rates.
Why Should I Use Dollar Hand For My Payday Loan in Illinois?
If you need urgent cash before your next paycheck, Dollar Hand can help you secure a payday loan. At Dollar Hand, we know how worrying it can be when you find yourself needing to take out a loan, so we do all the hard work for you. Simply fill in our online application form in less than 5 minutes.
Dollar Hand helps you to find payday loans in your area with all the best features: a speedy online loan request form, instant decisions on applications, same day funding where available, flexible repayment options to suit your needs, and possibilities for people with a poor credit rating.
How Quickly Can I Receive A Payday Loan In Illinois?
Dollar Hand can help you get a payday loan at the flick of a finger! Our team of lenders are extremely efficient and send the funds to you within the hour, 24 hours or the next business day. Even better, the whole loan amount is paid into your bank account at once.
Can I Get A No Credit Check Loan In Illinois?
Yes, it is possible to get a no credit check loan in Illinois. We work with lenders who will consider customers from a variety of financial backgrounds. If you have a poor credit rating, our lenders can prioritize other key factors such as a stable income.
Am I Eligible for a Payday Loan in Illinois?
It’s good practice to make sure that you are eligible for a loan before sending in your payday loan request form to avoid disappointment. This will also reduce the number of applications noted on your credit history. Eligibility for a payday loan in Illinois involves 4 requirements:
- 1. Be at least 18 years of age
- 2. Be a U.S. citizen
- 3. Have a checking account
- 4. Have a consistent income and be earning at least $800 per month
Can I Get a Payday Loan in Illinois if My Credit Score is Bad?
If you have bad credit, you should not presume that this excludes you from being accepted for a Dollar Hand payday loan!
You can still qualify for a payday loan in Illinois, even if you have been rejected by a bank for your poor credit. A past financial mistake may have negatively impacted your credit rating, but here at Dollar Hand, we believe you should have a chance to rebuild your own financial strength.
Dollar Hand accepts people with all credit histories. We also provide information about how to save money and useful guides for all things to do with payday loans. Apply now for an easy payday loan through Dollar Hand.
FAQs About Payday Loans in Illinois
Will I Get My Payday Loan Directly From Dollar Hand?
No, Dollar Hand is not a direct lender. We offer a connections service and match our customers with the lender most suited to their borrowing requirements. Better yet, our service is free of charge – we simply receive a small commission fee from the lender if your application goes through.
How Many Payday Loans Can You Have Open At Once In Illinois?
In Illinois, you are allowed to have a maximum of 2 payday loans outstanding at any given time. However, conditions apply as the maximum loan amount you have taken out can’t be higher than $1000 or 25% of your gross monthly income, whichever is less.
How Do I Repay An Illinois Payday Loan?
The maximum loan term in Illinois is 120 days. During this time you can repay back your payday loan through monthly repayments on a date that will be agreed upon with your lender in the loan contract. The payment date usually tends to be at the end of the month after the borrower has received their paycheck.
What is the Price Cap on Loans In Illinois?
The price cap on loans in Illinois is a 36% annual percentage rate (APR). This was agreed upon in March 2021 by Illinois’ Governor J.B. Pritzker when he signed the ‘Predatory Loan Prevention Act’ which intended to protect borrowers from excessively high interest rates.
Does Dollar Hand Offer Payday Loans in Chicago?
Yes, Dollar Hand offers payday loans in all major towns and cities in Illinois. Whether you are based in Chicago, Champaign, Damiansville, Elgin, Joilet, Madison, Naperville, Peoria, Rockford, Springfield or anywhere in between, you can request a loan via our online platform through your phone, tablet, laptop or computer.
How Much Can I Borrow In Illinois?
Dollar Hand sources loans ranging from $100 to $35,000. However due to loan regulations, a payday loan in Illinois cannot be higher than $1000 or 25% of the borrower’s gross monthly income, whichever is less. So if for instance you earn $2000 per month, the most you could borrow is a $500 payday loan.