#short term payday loans
- Avoid costly late fees, overdraft fees, service cancellations
- Bad/No Credit? No Problem!
- Fast, friendly service
At Short Term Loans, L.L.C. we know that you canпїЅt plan for everything. When unexpected expenses come up, we are here to help you through the rough spots with the cash you need until your next payday, or even longer.
Frequently Asked Questions – Illinois
What is a Payday Loan?
A Payday Loan is a short term cash advance that can help you cover bills, car repairs, medical bills, or any other unexpected expense until your next payday. Avoid costly bounced check fees and late payment charges with a Payday Loan from Short Term Loans.
What is an Installment Loan?
An Installment Loan from Short Term Loans can also help you get cash fast for unexpected expenses or any other cash need while allowing you to pay the loan back over time in manageable payments.
What if I have bad credit?
At Short Term Loans bad credit will NOT prevent you from getting the fast cash loan you need.
How much can I receive?
The maximum payday loan allowed by the State of Illinois is $850.00 or 25% of your monthly gross income, whichever is less. With an installment loan you may borrow up to $3500 as long as your monthly payments don’t exceed $1000 or 22.5% of your gross monthly income, whichever is less. Your initial approval amount is based on the information that you provide in your loan application. After successful repayment of your payday loan or installment loan, Short Term Loans may increase the loan amount on future loans up to the state limit.
When will I receive my loan?
If you apply online, your loan application will be processed within minutes. If your loan is approved you will generally receive the funds in your account on the next business day.
How do I know that my loan has been approved?
Short Term Loans believes in keeping our customers well informed. As soon as you are approved for your payday loan, you will receive an email notification.