About ILC

ILC is a locally owned and operated loan company doing business from 6 branch locations in Illinois since 1996. We are licensed and regulated under the Illinois Consumer Installment Loan Act. Our mission has been to meet the borrowing needs of the community with fairly priced, easy to obtain Installment and Checkbook loans serviced by friendly and knowledgeable customer service representatives.

ILC is not a payday loan company. Payday loans are usually much more expensive, have more restrictions, and have less flexible terms than our Installment and Checkbook loans. We strive to match a borrower with a confidential loan that is affordable and easy to repay. Most of our Installment and Checkbook loans are approved the same day* and are paid to you in cash or by check. We value our new and existing customers, and respect the relationships we build and maintain with our personal, prompt, and efficient service.

ILC encourages any potential customers to compare our rates and payments with any payday or internet loans. We are confident your decision to choose ILC as your lender for fast, easy to qualify Installment and Checkbook loans will be simple.

Thank you for visiting our website and giving ILC a chance to meet your short term borrowing needs. And to all of our many returning customers…Thank you for giving us a chance to prove once again that ILC is the better way to borrow.

Giving Back

We believe in giving back to our community and support others who do the same. Below are three community-based organizations that also give back where our customers live and work. We're constantly seeking worthy operations that focus on giving back to the community. If you would like to add your organization to this list or know of another organization that deserves to be here as well, please contact us and let us know about them.

Frequently Asked Questions

Can I pay off my Installment or Checkbook Loan early without penalty?
Yes! You can always pay your Installment or Checkbook Loan back early without penalty. Contact our customer service department to confirm your outstanding total balance due.
Can I refinance my Checkbook or Installment Loan?
Yes! We are one of the few companies that offer the option to refinance your active Installment or Checkbook loan.* Call one of our locations for details.
Is my application online secure and confidential?
Yes! Your application is on our secure SSL server, utilizing the latest standards for security. We take your privacy very seriously. Your nonpublic information is completely confidential and protected by our company Privacy Policy.
Does ILC have any branches outside of Illinois?
No. All of our locations are in Illinois.
Can I apply for a loan with ILC if I live in another state?
Yes! You do not have to be an Illinois resident, but you must apply at one of our Illinois locations.
Can I have more than one loan with ILC?
No. ILC only allows one open Installment or Checkbook Loan at a time, but we may be able to meet your additional cash needs by refinancing an existing loan. Call us for details.
Does ILC provide Installment or Checkbook loans to military personnel?

No. Unfortunately ILC does not have a loan product available for active or other military personnel or their dependents at this time.
If I have paid off my loan, can I apply for a new loan?
Yes! No Problem! Call us for details.
How does ILC determine the payment due date for an Installment or Checkbook Loan?
The due date is based on your pay date every pay period for the duration of the loan.
Why should I verify my banking information electronically?
  • Faster Turnaround: Electronic bank account verification will help us make an approval decision more quickly.
  • More Convenient: There’s no need to go searching for bank statements and you won’t need to find a fax machine.

How soon can I receive my Installment or Checkbook Loan?
As long as you meet our requirements, approval is a matter of minutes and your loan proceeds are usually paid the same day* by cash or check.
How does ILC determine the amount of money I can borrow?
State laws generally regulate the maximum loan amount available to our customers. You qualify for a particular loan amount based on your current income and other underwriting criteria.
What if I have poor credit?
No Problem! We do not require that you have good credit or any credit history at all. Please contact any one of our locations if you have any questions about qualifying for an Installment or Checkbook Loan.
How do I apply for an Installment or Checkbook Loan?

Applying for an Installment or Checkbook Loan is simple!

  • Select one of our branch locations nearest you.
  • Get Started with your application online or print and complete your application at the branch of your choice.
  • Bring all of your documentation that is required for the loan to the branch of your choice. (See Products for requirement details)

Please contact the branch of your choice with any additional questions you may have to Get Started.

What are the requirements for a Checkbook Loan?

In order to qualify for a Checkbook Loan you will need:

  • A weekly net pay greater than $300
  • Current Pay Stub (Must be employed with same employer for 6 months)
  • Direct Deposit
  • Provide two months of current bank statements
  • A personal (voided) check
  • A valid Driver's License or State ID
  • Current Phone Bill
  • Proof of residency (2 pieces of current business mail required if any addresses differ on the documents listed above)

What are the requirements for an Installment Loan?

In order to qualify for an Installment Loan you will need:

  • A weekly net pay greater than $300
  • Current Pay Stub (Must be employed with same employer for 6 months)
  • Provide two months of current bank statements
  • A valid Driver's License or State ID
  • Current Phone Bill
  • Proof of residency (2 pieces of current business mail required if any addresses differ on the documents listed above)

What is a Checkbook Loan?
A Checkbook Loan is a 9 month loan where your payments are conveniently withdrawn from your personal checking account every pay period.
What is an Installment Loan?
An Installment Loan is a 9 month loan where your payments are conveniently deducted from your paycheck every pay period and sent directly to ILC from your employer.

* Loan amounts and requirements subject to change. Loans approved during regular business hours, or the next business day if after hours. Restrictions may apply.