Rates and Terms for Illinois
Loan Terms
- The maximum loan amount for Illinois residents will be 25% of gross monthly income or $850.00, whichever is less.
- Your loan will be due on your next payday that falls between 13 to 35 days away.
- If you are paid by paper check, we will give you a grace period of 1 day to deposit your check.
- If you are paid monthly, your loan will be due on your next payday that falls between 13 to 35 days away.
- If your pay dates fall outside of these ranges, your loan will be due in 14 days.
- A seven (7) day 'cooling-off' period will be instituted after your loan is paid in full if you have had 2 previous consecutive loans outstanding in the last 45 days. Consecutive loans are separated by 7 or less calendar days. You will not be allowed to contract for a new loan during this period.
Loan Repayment
In accordance with Illinois law, your loan must be paid in full on the due date. Early payoff requests must be received at least 2 business days prior to your due date.
Additional Information
By Illinois regulation, all Illinois customers must have a pay stub on file with CashNetUSA when receiving a payday loan. Please fax or e-mail your latest pay stub when applying to ensure quick processing of your loan. If you receive income by means other than an employer, please fax or e-mail other proof of your Social Security, disability, child support or alimony payments. All materials may be sent via fax to 866-326-5265 or via email to support@cashnetusa.com. As soon as we receive this, we will be able to complete your loan request.
Illinois Disclosure
- This loan is not intended to meet long-term financial needs. This loan should only be used to meet short-term needs.
- The cost of your loan may be higher than loans offered by other lending institutions.
- This loan is regulated by the Department of Financial & Professional Regulation.
- You cannot be prosecuted in criminal court to collect this loan.
If you still owe on one or more payday loans after 35 days, you are entitled to enter into a repayment plan. The repayment plan will give you at least 55 days to repay your loan in installments with no additional finance charges, interest, fees or other charges of any kind. CashNetUSA is licensed in Illinois by the Department of Financial and Professional Regulation.
Fee Schedule and APR
Your loan fees will be $15.50 per $100.00 borrowed.
| $100 | $200 | $300 | $400 | $500 | $600 | $700 | $800 | ||
|---|---|---|---|---|---|---|---|---|---|
| Term In Days | APR | Finance Charge / APR | |||||||
| 13 | 435.19% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 14 | 404.11% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 15 | 377.17% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 16 | 353.59% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 17 | 332.79% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 18 | 314.31% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 19 | 297.76% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 20 | 282.88% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 21 | 269.4% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 22 | 257.16% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 23 | 245.98% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 24 | 235.73% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 25 | 226.3% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 26 | 217.6% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 27 | 209.54% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 28 | 202.05% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 29 | 195.09% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 30 | 188.58% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 31 | 182.5% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 32 | 176.8% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 33 | 171.44% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 34 | 166.4% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
| 35 | 161.64% | $15.50 | $31.00 | $46.50 | $62.00 | $77.50 | $93.00 | $108.50 | $124.00 |
Governing Law
The loan agreement will be governed by the applicable laws of your state. Questions or complaints should be directed to your state's regulatory agency. Click here for contact information.
Illinois Pamphlets
Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.
