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If you have been researching the best installment loans in the Land of Lincoln, you can request funding today for up to $40,000. To get started, enter your first name, last name, and email address into our short form below. When you click the “Get Started” button, LoanStart.com works to find you one of our affiliate loan companies.
Slightly different from other types of short-term loans, an installment loan is money you borrow and pay back over a period of time, usually a few months. Instead of repaying the loan in one payment, installment funding is typically paid for in monthly payments (installments). In this way, you can borrow more and pay off the interest and the principal a little at a time. The actual APR you receive varies by lender and your current situation. LoanStart.com’s affiliate lenders currently offer APRs starting as low as 4.84 percent.
Financial needs vary from person to person. Below are some of the reasons Illinois residents are taking out personal loans.
If you believe you are ready to submit a funding request, we invite you to fill in our online form today.
The Land of Lincoln has the fifth largest economy in the nation. Manufacturing, agriculture, and tourism are some of the state’s biggest industries.
Illinois is fourth in the nation (behind California, Texas, and Ohio) for manufacturing. Its industries create over $100 billion in goods annually. Some of these goods include machinery, fabricated metal products, food products, computer and electronic products, plastics, and rubber products.
Agriculture is a significant contributor to the Illinois economy as well. The state ranks second behind Iowa for corn production. Also, Illinois is usually one of the nation’s top soybean-producing states. Other agricultural products include hogs, cattle, dairy products, and wheat.
Across the state, the average cost to purchase a home is $157,200, which is below the national average. In addition, Illinois’ cost of living is slightly lower than the national average. The cost of renting a two-bedroom apartment is right at the national average while the cost of renting a three- or four-bedroom apartment is lower than the rest of the nation.
You work hard for your paycheck. Unscrupulous businesses and individuals work equally hard to separate you from your money through loan scams. Below are some common tactics scammers might use:
Even if you are desperate, be cautious when researching loans so that you won’t fall prey to loan scams.
Taking out a loan for short-term financial needs is an option for getting back on your feet. However, being a responsible borrower will help you maintain your financial health. Before taking out a loan, here are some things to consider:
The Illinois Division of Financial Institutions, Consumer Credit Section offers more information on issues related to consumer finance for those with additional questions.