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Rates and Terms
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ShortTermLoans.com is licensed to make loans to Illinois residents. If you reside
in a state other than Illinois, and submit a loan application on our site, we will
attempt to match you with a lender from our established network. That lender will
contact you regarding rates and terms.
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Governing Law
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The loan agreement will be governed by the applicable Illinois and Federal laws.
Questions or complaints should be directed to the Illinois Department of Financial
and Professional Regulation, available by clicking here
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Illinois Guide to Payday Loans:
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Illinois Disclosures
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1. 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.
2. This loan is regulated by the Illinois Department of Financial and Professional
Regulation.
3. A lender cannot use the criminal process against a consumer to collect
any payday loan.
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Interest Free Repayment Plan
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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.Maximum Loan AmountThe maximum payday loan amount for
Illinois residents is 25% of gross monthly income or $1000.00, whichever is less.
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Maximum Loan Amount
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The maximum payday loan amount for Illinois residents is 25% of gross monthly income
or $1000.00, whichever is less.
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Proof of Income
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Illinois law requires that you provide us with proof of income dated within 30 days
prior to receiving a payday loan. You must fax or e-mail your most recent paystub
or other proof of income when applying to ensure quick processing of your loan.
If you receive Social Security, you must fax or e-mail your benefits letter or bank
statement showing direct deposit.
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Loan Terms
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Your loan will be due on your next payday that falls between 13 to 30 days. If you
are paid monthly, and your next payday is greater than 30 days away, your loan will
be due in 30 days.*
*subject to Illinois Payday Loan eligibility
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Extensions
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In accordance with Illinois law, your loan must be paid in full on the due date.
No extensions are allowed.
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Fee Schedule
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The finance charge is $15.50 per $100.00 borrowed.
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Term of 13-30 days.
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Annual percentage rate 188.58% - 435.19%
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Term
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APR |
Finance Charges
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in days |
|
$100 |
$150 |
$200 |
$250 |
$300 |
$350 |
$400 |
$450 |
$500 |
$550 |
$600 |
$650 |
$700 |
$750 |
$800 |
$850 |
$900 |
$950 |
$1000 |
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13 |
435.19% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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14 |
404.11% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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15 |
377.17% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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16 |
353.59% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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17 |
332.79% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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18 |
314.31% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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19 |
297.76% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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20 |
282.88% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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21 |
269.41% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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22 |
257.16% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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23 |
245.98% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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24 |
235.73% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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25 |
226.30% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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26 |
217.60% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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27 |
209.54% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
|
28 |
202.05% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
|
29 |
195.09% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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30 |
188.58% |
15.50 |
23.25 |
31.00 |
38.75 |
46.50 |
54.25 |
62.00 |
69.75 |
77.50 |
85.25 |
93.00 |
100.75 |
108.50 |
116.25 |
124.00 |
131.75 |
139.50 |
147.25 |
155.00 |
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License
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Click here to Enlarge
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License renewal
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Click here to view the license renewal.
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