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Illinois Personal Loans

Our Top Paid Partners

Payoff

The Payday Hound Rating
  • Clear, transparent criteria. Solid choice.
  • Competitive rates via partnerships with credit unions.
  • Founded in 2009. Launched in 2011. Los Angeles Based.

eligible credit type ⓘ

Visit Payoff for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great

Upstart

The Payday Hound Rating
  • Lending criteria includes education and employment info
  • Partners with banks and credit unions using AI-based underwriting
  • Started in 2012 and based in San Francisco

eligible credit type ⓘ

Visit Upstart for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great

2020 Illinois Lender Rankings

We have reviewed 7 Illinois personal loan lenders.

Our review of personal loans considers three areas: reputation, cost, and features. Reputation considers state licensing and Better Business Bureau scores. Cost is based on terms, fees, and rates.

A listing in this table is not an endorsement. This table includes all lenders we have reviewed who offer loans to Illinois residents.

Filter by state:
IL Lender Description Rating
OneMain Financial

eligible credit type ⓘ

Visit OneMain Financial for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $1,500 - $20,000
  • APR: 18.00% - 35.99%
  • State Licensed Lender
Payoff

eligible credit type ⓘ

Visit Payoff for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $5,000 to $35,000
  • APR: 5.99% to 24.99%
  • State Licensed Lender
Upstart

eligible credit type ⓘ

Visit Upstart for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $1,000 to $50,000
  • APR: 6.46-35.99%
  • Lending Platform with Regulated Lenders
Upgrade

eligible credit type ⓘ

Visit Upgrade for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $1,000 to $50,000
  • APR: 7.99%-35.97%
  • State Licensed Lender
SoFi

eligible credit type ⓘ

Visit SoFi for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $5,000 - $100,000
  • APR: 5.99% - 20.01%
  • State Licensed Lender
Avant

eligible credit type ⓘ

Visit Avant for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $2,000 to $35,000
  • APR: 9.95% to 35.99%
  • State Licensed Lender
Lending Club

eligible credit type ⓘ

Visit Lending Club for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $1,000 to $40,000
  • APR: 6.95% to 35.89%
  • State Licensed Lender

* Based on our analysis these lenders offer loans to Illinois residents. We aim to keep our information accurate but check each lender's website for up-to-date information.

Illinois Personal Loans Details

Illinois personal loans are unsecured, fixed-rate loans that do not require collateral and are typically paid on a monthly basis over a period greater than two years. We consider fixed-rate loans that are paid back in less two years at installment loans. We include unsecured lines of credit as personal loans for purposes of categorizing lenders. These loans are often used for debt consolidation or to cover a larger expense. Many lenders are able to get cash into your bank account overnight.

The interest rates on Illinois personal loans vary based on the type of lender and your estimated ability to pay back the loan. Lenders often consider credit score, credit history, other debts, and income. The monthly payment varies vary based the interest rate, loan amount, and loan term. typically, borrowers with the better credit receive lower rates and larger loan amounts.

A rough guide to rates based on credit history is below. This is just a rough guide as the actual rate will vary by lender, loan amount, payback period, and other factors.

Credit Type Score Range (FICO®) Estimated Rate
Excellent 720+ 9.9%-13.9%
Good 680-719 15.9%-19.9%
Fair 620-679 20.9%-27.9%
Poor <619 29.9%+ or not eligible

Personal Loan are regulated by each state. Please contact the Illinois Division of Financial Institutions for more information concerning loans in Illinois

The Payday Hound reviews personal loan lenders and ranks them according to our Sniff Test (reputation), costs, and licensing. Being included on our list is not an endorsement or certification. The list is a ranking and is designed to help borrowers rate and judge the quality of lenders. This means it may include lenders we believe to be honest as well as those we would deem to be predatory.