PERSONAL LOANApplication Form

How much would you like to borrow?

By submitting your information you claim you have read and understood and agree to Privacy Policy, Terms of Use, Responsible Lending and Marketing Practices

Illinois Personal Loans up to $35,000 Online

Illinois Personal Loans up to $35,000 Online


Apply Online now to get bad credit Personal Loans in Illinois with a direct money deposit the next business day.

Can't get approved by banks or credit unions because you have a bad credit score? Get up to $35,000 Unsecured Personal Loan in  Illinois after filling out an easy online application form. It's the best financial sollution to  any personal problems, especially for subprime borrowers.You can get the cash the next business day if you meet simple requirements: you are over 18, an Illinois resident with a valid bank account. You pay off the loan in affordable installments. Choose the best direct lender by comparing their rates and fees.

Online Personal Loans as well as “Personal Loans Near me” are unsecured online loans for quick financing. They are available for people with poor credit, no credit, no income, or even no bank account. Just fill in a simple application online now.


Why Choose Compacom for Personal Loans in Illinois

If you've come across urgent financial needs and the next pay day is far away, Compacom will help you get instant cash today with fast and easy Online Payday Loans from the best Illinois direct lender. More than 768 090 trust us and they have clear-cut reasons.
Customized loan offers
Borrow up to $35,000 for any personal needs no matter what your credit score is.
Instant approval decision
Get quick approval from the best direct lender and same-day funding.
Competitive rates
Check your rates online and get the APR as low as 3.99%.

How Illinois Personal Loans Online Work - 3 Easy Steps to Instant Cash

Apply Online in Minutes

Complete a quick application form and get personalized offers from the best personal loan providers.

Get Instant Approval

Once you've chosen the most suitable loan offer, discuss the rates and terms with the lender and sign the loan agreement.

Get the Funds

As the loan is finalized, you are likely to get the money deposited to your bank account on the same business day.
Start Now

Are Personal Loans Legal in Illinois?

Loan Rates and Fees, Laws and Regulations in Illinois.

We've done a thorough research of the main lending details and presented them in the table to make it more clear and convenient for you:

Law statuslegal
MIN Loan Amount$1,000
MAX Loan Amount$35,000
MIN. Loan Term90 days
MAX. Loan Term60 month
MIN APR4.99%
Collateral or guarantorNone, unsecured
Credit score requirementsAvailable for Bad Credit
Apply online

We are soon expanding to the following cities of Illinois. For instant cash advance at these locations you can use our online application form

It is our choices, that show what we truly are, far more than our abilities. --J. K Rowling

It's your choice that will help you solve all the problems, and we are always ready to help you make this choice. --


Personal Loans in Illinois: rules and regulations.

Secured or Unsecured Personal Loan.

Personal Loans for Bad Credit or No Credit.

Personal Loans Alternatives: Online or In-store, in a Bank or Credit Union.

Personal Loans Repayment: Rates and Terms.

Personal Loans in Illinois: rules and regulations. 

You can legally take out a $5,000 - $35,000 Personal Loan in Illinois. The terms range from 6 months to 7 years. Personal loans typically come with fixed interest. They mostly vary from 6% to 36% on average.  Fixed interest rates are set when you sign a contract with the lender and do not change over the course of the loan. So, monthly payments will remain stable throughout the loan’s duration.

Applying process is unbelievably quick and easy.

  • Search for the top companies
  • Compare the rates and fees
  • Choose the most reliable lender with the lowest APR

It will take you only a couple of minutes: just fill out an application form on the Internet 100% online.

  • Don’t even leave your home,
  • don’t wait in lines,
  • don’t shop around,
  • just click the “Apply Now” button.

The information will be verified within minutes.

In case you are approved by the lender, money will be deposited directly into your account in less than 24 hours.

A Personal Loan can be used for anything you need it for. Main purposes include:

  • Celebrating a wedding, ceremony, anniversary, etc.
  • A large purchase such as a computer, a washing machine, a horse, etc.
  • Consolidate credit card debt
  • Paying off other debt such as student loans
  • Unexpected expenses such as medical or dental emergencies
  • Travelling or vacation
Repay the loan on time. 

 You can make payments on your loan in any of the following ways: 

  •  online (When you apply for a loan and link your bank account, you can set up automatic payments from that bank account. If you choose to make automatic payments, your loan payments are electronically debited from your bank account each month. );
  •  by check (you can send  your check payment either by postal or courier mail. It may require some additional processing fee for each check payment);
  •  by phone (just call your lender each month. Make sure you have your bank account information ready);
  • making extra payments (You can also make extra loan payments, or pay off your loan early. There aren't any prepayment penalties or fees for it).   

Secured or Unsecured Personal Loan. 

All types of Personal Loan may be given in the amounts up to $35,000 and most lenders will approve you even with bad credit, though the rates may be higher depending on the FICO score and whether you back the loan with a collateral or not. Still each type has its own advantages and disadvantages. Learn more details to choose the right one for you.

Personal Loan Type




  • You don’t risk your property.
  • You have convenient fixed payments.
  • You might need a good credit score to get approved. But some lenders can give you an unsecured Personal Loan even with Bad Credit.


  • Lower rates.
  • You risk to lose your property in case you default the loan. 

The real question when choosing which type of personal loan to take is whether or not you are willing to put up collateral or how high of an interest rate you want. Consider the decision carefully.

Personal Loans for Bad Credit or No Credit. 

Most Personal Loans are available for borrowers with bad credit. The lenders look beyond the credit history to evaluate how risky the customer is. They consider a number of other factors such as:

  • Employment history.
  • Inсome.
  • Financial record.
  • Recent credits and their repayment.
Interesting to know!
The average credit score in the state of Illinois is 693, ranking 25th out of all the states of the United States. 

Your chances of getting approved for a Personal Loan will increase if:

  • You have been permanently employed at your job for at least 12 months.
  • You get a verifiable stable income.
  • You keep a responsible track of your banking finances.
  • You've paid off all your loans on time.
Must know!
Bad credit is not a problem to get a Personal Loan. But the better credit you have, the lower rates and the higher amount you can expect.

The same attitude is experienced by the majority of lenders towards the credit check. Of course, in some cases, when you apply for $35,000unsecured Personal Loan they may need a hard inquiry. But for most companies it'll be enough to do a soft credit check which will not affect your credit history. 

Personal Loans Alternatives: Online or In-store, in a Bank or Credit Union. 

These places are the traditional way to get loans. However, most people rather apply online or in-store when it comes to taking out a personal loan. There are several reasons that we’ve already mentioned (quick, easy, available for those with bad credit, etc.).

Interesting facts
  • 29% residents of the USA borrow from banks
  • 23% - from credit unions
  • the remaining 48% from online and in-store lenders.

Compare rates, fees, terms and minimal credit score requiremnets for Personal Loans from different financial organisations:

CompanyAPRTermsFeesMIN Credit Score
Online direct lender5.99% - 35.99%24 - 60 monthsNoneAvailable for bad credit
Credit Union9.95% - 18%up to 60 monthsNoneContact the lender
Bank7.74% - 15.74%24 - 36 monthsClosing fee680

To find the best deal you'll need to compare the following details given to you by different lenders:

  • Origination fee. It's charged for processing a loan application. It may be a set fee, or a percentage of the loan amount, or none. 
  • The APR. Typically, the better your credit score, the lower your APR offers will be.
  • The term. It usuallly ranges between 36-month to 7 years.
  • Prepayment penalties. Look for the lender which doesn't charge any additional fees for early repayment.
  • Minimum monthly payment. Compare this figure with your income and family budget. Make sre you'll have no problems paying off the loan.
  • Loan closing fee. It's charged for the process of closing the loan.

Before applying for a loan take into account all pros and cons, compare the rates and fees and choose the most suitable lender.

Personal Loans Repayment: Rates and Terms. 

Personal Loans are cheracterised by lower in comparison with Payday Loans rates and longer terms with fixed regular payments, or installments. The total cost of a loan is calculated by adding the interest with any additional fees and charges to the principal. To find out the amount of every payment just divide the total cost by the number of installments. Here are some examples of the most frequently asked loans with calculations. The APR is representative. For more precise numbers consult your lender as the information may be different.

Personal Loan amount

Representative APR


Monthly Payments

Finance Charges



6 months





1 year





3 years



Decide how mch you need, evaluate your income and expenses, plan the budget carefully and apply for the loan that suits you.


Do I qualify for a bad credit Personal Loan in Illinois?
Can I get Illinois Personal Loan with no credit check?
Who is the best to get Illinois Personal Loan from?
How fast can I get a Personal Loan in Illinois?

Requirements for qualifying for a personal loan:

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include but may not be limited to:

  • Illinois (US) residency
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying online, you must provide a valid Social Security Number
  • If applying at a loan store, you must bring a valid government issued photo ID. A Social Security Number may not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

Cash Advance and other Money Offers in Illinois

Up to $1,000 instant cash advance for a short term of 14 - 30 days. Same-day financing once approved. Bad credit is considered too.
Up to $5,000 instant cash with guaranteed approval from direct lender with a few months of scheduled installments.
Fast Title Loans secured by your vehicle title as collateral. No inspection. No credit checks. Instant cash for bad credit same day.

Personal Loans Hub

In the Personal Loans Hub, we've collected all the useful guides and resources on Personal Loans. Our experts conducted thorough research to give you the answer to any possible question on the topic.

Top Articles

Start online application