Payday Loans in Keenes, Illinois

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

Company nameAddressZip codePhone number
Shelby County State Bank 920 E Main St, Moweaqua, IL 62550 +1 (217) 768 - 3838
United Community Bank 200 Reichert Rd, Divernon, IL 62530 +1 (217) 628 - 3000
Marine Bank 102 N Congress St, Rushville, IL 62681 +1 (217) 322 - 4387
Title Cash 3 N Commercial St, Harrisburg, IL 62946 +1 (618) 253 - 5626
Ambraw Federal Credit Union 2300 Lexington Ave, Lawrenceville, IL 62439 +1 (618) 943 - 2913
Clark County Title Co 119 S 6th St, Marshall, IL 62441 +1 (217) 826 - 5212
Compeer Financial 651 W Meadows Dr, Freeport, IL 61032 +1 (815) 235 - 3171
Raymond James Financial Services 101 SW Adams St, Peoria, IL 61602 +1 (309) 676 - 4444
Heights Finance Corporation 3726 W Elm St, McHenry, IL 60050 +1 (815) 759 - 3713
Security Finance 209 N Henrietta St, Effingham, IL 62401 +1 (217) 342 - 7272

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Keenes, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Downers Grove, IL, Payday Loans in Dundee, IL, Payday Loans in Elgin, IL, Guaranteed Loans in Elk Grove Village, IL, Payday Loans in Elmhurst, IL, Payday Loans in Evanston, IL, Guaranteed Loans in Galesburg, IL and Payday Loan Companies in Glendale Heights, 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 Keenes, IL.

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

62851

Are Payday Loans Legal In Keenes, 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

Keenes, IL payday loan calculator

Payday Loans in Keenes, Illinois: Your Ultimate Guide

Have you ever found yourself in a financial bind and needed quick cash? If so, a payday loan might be an option worth considering. Payday loans are a form of short-term, high-interest loans that can be a solution for those who need funds quickly. In Keenes, Illinois, payday loans are legal and regulated. In this article, we will guide you through everything you need to know about payday loans in Keenes, Illinois.

What are Payday Loans?

Payday loans are unsecured loans, which means you do not need to provide collateral to receive them. They are usually due on your next payday and are typically for smaller amounts, ranging from $100 to $1000. Payday loans can be helpful if you need money quickly, as the application process is usually quick and straightforward, and the money can be deposited into your account within 24 hours.

Are Payday Loans Legitimate in Keenes, Illinois?

Yes, payday loans are legal in Keenes, Illinois. The state regulates the industry through the Illinois Department of Financial and Professional Regulation. As a borrower, you should review the state regulations to ensure the lender you are considering is compliant.

How Do Payday Loans Work in Keenes, Illinois?

If you decide to take out a payday loan in Keenes, Illinois, you will need to find a lender who is licensed to provide payday loans in the state. Once you have found a suitable lender, you will be required to provide some basic information such as your name, address, and employment status. Your lender will then determine whether you are eligible for a loan and the amount you are eligible for. If you are approved for a payday loan, you will receive your funds via direct deposit, a check, or cash.

The loan amount plus interest and fees will be due on your next payday. If you are unable to repay the loan in full, you may be able to roll over the loan, which incurs additional fees and interest. It is important to note that payday loans are short-term loans and should not be used as a long-term financial solution.

What Are the Requirements to Qualify for a Payday Loan in Keenes, Illinois?

The requirements to qualify for a payday loan can vary depending on the lender. However, in Illinois, you must meet the following criteria:

  • You must be at least 18 years old
  • You must be a U.S. citizen or a permanent resident
  • You must have a regular income source
  • You must have a valid checking account

Some lenders may require additional information or documentation, so it is essential to review the requirements before applying for a payday loan.

What Fees Can I Expect to Pay for a Payday Loan in Keenes, Illinois?

In Illinois, the fees for a payday loan are capped at $15.50 per $100 borrowed. For example, if you borrow $100, you will be required to pay a fee of $15.50. If you borrow $200, you will be required to pay a fee of $31, and so on. It is important to note that these fees are in addition to the loan amount and interest, which can add up quickly.

What Should I Consider Before Taking Out a Payday Loan in Keenes, Illinois?

Before taking out a payday loan, it is essential to consider your financial situation carefully. Evaluate whether you can repay the loan on time or if you will need to rollover the loan, which can be costly. Additionally, consider whether a payday loan is the best option for your needs.

If you do decide to take out a payday loan, it is crucial to find a reputable lender who follows Illinois regulations and can provide transparent information about fees and interest rates.

Interesting Facts and Statistics about Payday Loans in Keenes, Illinois

  • Illinois law requires that payday lenders must publicly display their licenses and information about fees and interest rates.
  • In 2019, Illinois borrowers took out 1.5 million payday loans totaling $562 million.
  • The average payday loan in Illinois is $365, and the average length of the loan term is 28 days.
  • Payday loans are a heavily regulated industry in Illinois, with laws designed to protect borrowers from predatory lending practices.
  • According to a survey conducted by CNBC, approximately 12 million Americans use payday loans each year.

Apply Now

If you are in a financial bind and need quick cash, TheGuaranteedLoans can help connect you with potential lenders. Fill out our simple online application today and get connected in minutes. Please remember that TheGuaranteedLoans is a connection service, not a direct lender.

By working with TheGuaranteedLoans, you can access a network of carefully selected lenders who comply with all state and federal regulations. We take pride in putting our customers first and providing a transparent and straightforward application process. Apply now and get the cash you need to take control of your finances.

F.A.Q.

Can I roll over my payday loan in Keenes, Illinois?

Rollovers are not allowed for payday loans in Keenes, Illinois. Borrowers must repay the loan in full by the due date, or make arrangements with the lender to extend the loan term.

Can payday loan lenders in Keenes, Illinois sue me if I default on my loan?

Yes, payday loan lenders in Keenes, Illinois can sue borrowers who default on their loans. However, they are not allowed to use criminal charges or imprisonment as a means of collecting on a debt.