Payday Loans in Grafton, Illinois

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No payday loan companies in Grafton, IL. Consider companies in other cities:

Company nameAddressZip codePhone number
Ann Higgens - Raymond James 2306 E Washington St, Bloomington, IL 61704 +1 (217) 421 - 6543
The First National Bank 511 Lake Land Blvd, Mattoon, IL 61938 +1 (217) 234 - 7900
Compeer Financial 1560 Wall St 221, Naperville, IL 60563 +1 (630) 527 - 6426
Cash America Pawn 6303 W North Ave, Oak Park, IL 60302 +1 (708) 848 - 0666
Payday Loans Waukegan Waukegan, IL 60085
World Finance 303 S US Rte 66, Pontiac, IL 61764 +1 (815) 844 - 4460
First State Bank 200 Don Ryan St, Hammond, IL 61929 +1 (217) 262 - 3093
World Finance 10 Sunnyland Plaza, Washington, IL 61571 +1 (309) 745 - 1486
Senior Helpers 1400 E Touhy Ave Suite 305, Des Plaines, IL 60018 +1 (630) 283 - 6311
Advance America 17655 S. Torrence Ave., Lansing, IL 60438 +1 (708) 418 - 3449

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Grafton, IL, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Oak Park, IL, Payday Loans in Orland Park, IL, Payday Loans in Oswego, IL, Guaranteed Loans in Palatine, IL, Payday Loan Companies in Park Ridge, IL, Payday Loans in Pekin, IL, Online Loans in Peoria, IL and Payday Loan for Plainfield, IL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Grafton, IL.

Beautiful sights of Grafton, IL

Payday Loans Available in Grafton, IL By The Following ZIP Codes:

62037

Are Payday Loans Legal In Grafton, Illinois?

Loan Rates and Fees, Laws and Regulations in Illinois.

Illinois Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)404
Maximum Loan Amount$1,000 (or 25% of the gross monthly income)
Minimum Loan Term13 days
Maximum Loan Term120 days
Number of Rollovers Allowed0
Finance Charges15.5% per $100

Grafton, IL payday loan calculator

Understanding Payday Loans in Grafton, Illinois

For many people, unexpected expenses can cause serious financial stress. A payday loan, also known as a cash advance, can provide fast access to cash when you need it most. If you live in Grafton, Illinois, you might be considering a payday loan to help cover expenses until your next paycheck arrives.

How Payday Loans Work in Grafton, Illinois

A payday loan is typically a small-dollar, short-term loan. In Illinois, payday loans are legal, and borrowers can receive up to $1,000 or 25% of their gross monthly income, whichever is less. The loan term must be between 13 and 120 days, and lenders are allowed to charge up to $15.50 per $100 borrowed.

To apply for a payday loan in Grafton, Illinois, you must be at least 18 years old and provide the following:

  • Proof of income
  • A valid government-issued ID
  • A checking account

The Pros and Cons of Payday Loans in Grafton, Illinois

Like any financial product, payday loans have advantages and disadvantages. Here are some things to consider:

Pros:

  • Fast access to cash when you need it most
  • No credit check required
  • Easier to qualify for compared to traditional loans

Cons:

  • High fees and interest rates
  • Short repayment terms which can make it difficult to repay the loan on time
  • Can trap borrowers in a cycle of debt

It’s essential to understand the pros and cons of payday loans before deciding to take one out, and to have a plan for how you will repay the loan.

Interesting Facts About Payday Loans in Grafton, Illinois

Did you know that Illinois has some of the strictest laws regulating payday loans in the United States? In addition to limiting the amount that borrowers can receive, Illinois also requires lenders to provide borrowers with a repayment plan. Borrowers can only have two outstanding payday loans at a time, and lenders are prohibited from providing loans to borrowers who have outstanding payday loans already.

Apply Now

If you have decided to take out a payday loan in Grafton, Illinois, TheGuaranteedLoans can help you connect with potential lenders. Our online application process is easy, and you can get started by filling out the application on our website. It’s important to note that we are not a direct lender. Instead, we connect borrowers with lenders who can meet their needs.

In Conclusion

Before you take out a payday loan in Grafton, Illinois, it’s important to understand the terms and conditions of the loan, as well as the risks and benefits. If you need help covering unexpected expenses, consider using a payday loan as a last resort, and make sure you have a plan for repayment. TheGuaranteedLoans is here to help you find the right lender for your needs, so you can get the cash you need quickly and with ease.

F.A.Q.

How do I qualify for a payday loan in Grafton, Illinois?

To qualify for a payday loan in Grafton, Illinois, borrowers must be at least 18 years old, have a valid ID, and have a steady source of income.

How much can I borrow with a payday loan in Grafton, Illinois?

in Grafton, Illinois, payday loans are typically limited to $1,000 or 25% of the borrower's gross monthly income, whichever is less.