Installment Loans in Fenton, Illinois

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No installment loan companies in Fenton, IL. Consider companies in other cities:

Company nameAddressZip codePhone number
Check Into Cash 3923 41st Ave Dr, Moline, IL 61265 +1 (309) 736 - 1300
Advance Paycheck 2400 Caton Farm Rd Ste P, Crest Hill, IL 60403 +1 (815) 436 - 4242
Heights Finance Corporation 705 N Carbon St Suite A, Marion, IL 62959 +1 (618) 997 - 8788
LendNation 6508 Cermak Rd, Berwyn, IL 60402 +1 (708) 484 - 3600
Mariner Finance 10 Lincoln Ave STE 3, Charleston, IL 61920 +1 (217) 208 - 4116
Exchange State Bank 126 N Broad St, Lanark, IL 61046 +1 (815) 493 - 2631
Easy Money 19 County Rd 1180 E, Metropolis, IL 62960 +1 (618) 524 - 7733
Cash Store 2401 N Bloomington St Unit 100, Streator, IL 61364 +1 (815) 672 - 9898
Advance America 1770 Rosenstiel Dr, Freeport, IL 61032 +1 (815) 233 - 5901
Heartland Bank and Trust Company 333 S Main St, Farmer City, IL 61842 +1 (309) 928 - 2161

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Fenton, IL, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Tinley Park, IL, Installment Loans in Urbana, IL, Installment Loans in Waukegan, IL, Installment Loans in Wheaton, IL, Installment Loans in Wheeling, IL, Installment Loans in Woodridge, IL, Installment Loans in Addison, IL and Installment Loans in Algonquin, 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 Fenton, IL.

What are Installment Loans in Fenton, Illinois?

Installment loans are a popular type of loan in Illinois, including Fenton. These loans allow borrowers to receive a lump sum of money upfront and then pay it back in installments over time. Installment loans typically have shorter terms and higher interest rates than traditional bank loans, making them a viable option for those who need quick cash but don’t have the credit score or collateral to qualify for a bank loan. Installment loans can be used for a variety of purposes, including emergency expenses, debt consolidation, and home repairs.

How Do Installment Loans Work in Fenton, Illinois?

Installment loans in Fenton, Illinois work similarly to other states. To qualify, the borrower must have a steady source of income, an active bank account, and be at least 18 years of age. The borrower must also complete an application with a lender and provide personal information, including their name, address, social security number, and employment information.

If approved, the borrower will receive the loan amount upfront and must begin making payments on the agreed-upon dates. Installment loans in Fenton typically have repayment terms of up to 24 months, and the borrower can expect to pay interest on the outstanding balance. Late payments may result in additional fees and impact the borrower’s credit score.

Benefits of Installment Loans in Fenton, Illinois

  • Convenient and Fast: Installment loans are a fast way to get cash when you need it most. The application process is quick, and the loan amount is usually deposited into your account within 24-48 hours.
  • No Collateral: Unlike a traditional secured loan, installment loans do not require the borrower to provide collateral to the lender. This means that the borrower’s assets are not at risk in the event of default.
  • Flexible Repayment: Installment loans have flexible repayment terms, allowing borrowers to choose a repayment schedule that works for them. Monthly payments are fixed, making it easier to budget and plan for expenses.
  • No Credit Check: many installment loan providers in Fenton, Illinois will not perform a credit check to approve borrowers. If you have bad credit, this type of loan may be ideal.

Interesting Facts about Installment Loans in Fenton, Illinois

  • Illinois is one of the most active states for installment loans: According to Pew Research, Illinois is one of the top 5 states for consumer installment loans. In 2019, there were approximately 4.3 million installment loans in Illinois with an average size of $1,160.
  • Installment loans have strict regulations in Illinois: Illinois has strict regulations in place to protect borrowers from predatory lending practices. For example, lenders must be licensed and follow strict guidelines when it comes to loan amounts, fees, and interest rates.
  • Illinois has a cap on interest rates: In Illinois, installment loans cannot have an annual percentage rate (APR) over 36%. This means that lenders must offer affordable rates to borrowers, reducing the risk of default.

Apply Now

Are you in need of an installment loan in Fenton, Illinois? TheGuaranteedLoans can help you find a lender that fits your needs. We are a connector service, not a direct lender, and we work with a network of trusted lenders across the country to match you with the perfect loan for your situation. Fill out our online application today to get started.

Installment Loans Available in Fenton, IL By The Following ZIP Codes:

61251

Fenton, IL installment loan calculator

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Fenton, IL?

Yes, you can get a no credit check loan in Fenton, IL when you apply online.

How to Get a Bad Credit Loans in Fenton, IL?

To apply for a bad credit loan in Fenton, IL, you need to find a direct loan lender online.