Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / IL
Personal loans, banking, insurance, and debt help in Illinois
Illinoisans use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
31lenders in the dataset
ILstate guide
$1,223/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Illinois
Illinoisans use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
Interest-rate law
The Predatory Loan Prevention Act (2021) imposes a single flat 36% all-in APR cap (MAPR-style, including fees) on virtually every consumer loan up to $40,000, with no tiering by loan size. Above $40,000, a much lower 9% general usury ceiling applies (5% default legal rate absent a written agreement).
| Loan range | Rate | Statute |
|---|---|---|
| Up to $40,000 | 36% flat all-in APR (fees and ancillary charges count toward cap) | Predatory Loan Prevention Act (2021) |
| Above $40,000 | 9% general usury ceiling (needs confirmation for specific loans) | Not specified in dataset |
Lender complaints: Illinois Division of Financial Institutions
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Fifth Third Bank
- Credit profile
- Not specified
- APR range
- 8.69% – 21.74%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
Huntington Bank
- Credit profile
- Not specified
- APR range
- 8.47% – 25%
- Loan amount
- $0 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
World Finance
- Credit profile
- Poor
- APR range
- N/A – 99%
- Loan amount
- $450 – $12,000
03 / Debt consolidation
Debt consolidation
Illinois's flat 36% all-in cap applies to virtually every consumer loan up to $40,000, so a debt consolidation loan should land well under that ceiling, ideally under 20%, to genuinely beat a typical credit card APR.
04 / Banking and credit unions
Banking in Illinois
National banks offer scale and convenience while Illinois-based regional and community banks compete on relationship banking and local decision-making.
Banks listed
- ChaseNational bank.
- Bank of AmericaNational bank.
- BMOU.S. headquarters in Chicago, IL; part of Bank of Montreal.
- PNC BankNational bank, headquartered in Pittsburgh, PA.
- WintrustHeadquartered in Rosemont, IL.
- Fifth Third BankHeadquartered in Cincinnati, OH.
- US BankNational bank, headquartered in Minneapolis, MN.
- Old National BankHeadquartered in Evansville, IN, with a significant Illinois presence.
Credit unions
Illinois credit unions are member-owned, not-for-profit institutions that often post lower rates and fewer fees than banks, with membership tied to location, employer, or association.
Median membership growth of about -0.7% year over year (Q4 2025 NCUA data), versus a national median of about -0.5%.
Second only to Texas in number of state-chartered credit unions, built through classic industrial/employer roots: military bases (Scott AFB, Chanute AFB), universities (University of Illinois), and major employers (United Airlines' 1935 employee credit union became Alliant). Fragmentation, not a single restrictive law, defines the sector; Chanute AFB's threatened 1979 closure forced Credit Union 1's predecessor to widen its field of membership.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal, regulated through two overlapping statutes: the Debt Management Service Act (205 ILCS 665/1 et seq.) and the Debt Settlement Consumer Protection Act (225 ILCS 429/1 et seq.), both enforced by IDFPR. The latter caps fees, though the exact current figure isn't cleanly documented; providers must register, post a bond, and make specific disclosures.
Companies listed in the dataset
06 / Insurance
Illinois insurance
Regulator
Illinois Department of Insurance
Insurance regulator websiteAuto insurance
25/50/20
Illinois requires liability insurance of $25,000 per person/$50,000 per accident bodily injury, plus $20,000 property damage, plus uninsured and underinsured motorist coverage.
Homeowners and renters
$1,223/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $154/yr
Severe thunderstorms, hail, and tornadoes, particularly across central and southern Illinois, along with occasional Mississippi and Illinois River flooding.
07 / Questions
Illinois FAQs
How do I file a complaint against a lender in Illinois?
Contact the Illinois Division of Financial Institutions (part of IDFPR), which licenses and supervises consumer lenders operating in Illinois.
How do I file a complaint against my insurance company in Illinois?
File with the Illinois Department of Insurance.
What's the maximum interest rate a lender can legally charge on a personal loan in Illinois?
36% all-in APR, flat, for virtually every consumer loan up to $40,000, under the Predatory Loan Prevention Act (calculated like the federal Military Lending Act's MAPR, so fees count toward the cap). Above $40,000, a much lower 9% general usury ceiling applies.
What credit score do I need for a personal loan in Illinois?
It depends on the lender. Banks and credit unions generally want a FICO score of 700+, FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor/limited credit at higher APRs.
Are payday loans legal in Illinois, and are there caps on fees or loan amounts?
Not in the traditional triple-digit-APR sense. Before 2021, average payday APR was around 297%. The Predatory Loan Prevention Act's 36% all-in cap now applies to payday and title loans like any other consumer loan, and nearly every high-cost payday/title lender surrendered its Illinois license once the cap took effect. A loan priced above 36% is void and uncollectable.
How long can a debt collector legally pursue an unpaid debt in Illinois before the statute of limitations runs out?
Written contracts have a 10-year statute of limitations (735 ILCS 5/13-206); oral contracts and open accounts have a shorter 5-year window (735 ILCS 5/13-205). A payment or written acknowledgment can restart the clock.
What's the difference between a debt consolidation loan and debt settlement for someone living in Illinois?
A consolidation loan pays off debts in full with new borrowed money at a lower rate; settlement negotiates a reduced payoff but requires halting payments first. Illinois regulates debt settlement companies under two overlapping statutes, a real regulatory layer, but the fundamental tradeoffs are the same as anywhere else.
