Illinois Payday loans: Legislation, Statistics and Checklist Towards status away from Illinois, pay check lending is known as judge. Illinois possess a limit into the level of an old shell out examine loan: $step one,100000 otherwise twenty-five% of the disgusting month-to-month currency, any are smaller. Funds should be extracted from thirteen weeks performing 120 months. Finance charge cannot surpass 30-six%. Unlawful actions is actually banned. Up to , the state of Illinois given step 3 pay day loan items within minute: a small unsecured loan having Annual percentage rate not more than 99%, pay-time charges finance you to definitely records …