Payday loans in Illinois: what the law allows
No. Illinois doesn't allow payday loans at typical payday costs. Illinois doesn't allow car title loans at typical title loan costs.
Illinois
Payday loans
Not allowed
Car title loans
Not allowed
“The Act caps the interest rate on all subject consumer loans in the state - including CILA and PLRA loans - to 36% APR as calculated under the Predatory Loan Prevention Act (PLPA).”
Illinois Department of Financial and Professional Regulation (IDFPR)Look up a lender's license
Checked 2026-09-15. Laws change; confirm with the regulator before you borrow.
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Common questions
Are payday loans legal in Illinois?
No. Illinois doesn't allow payday loans at typical payday costs.
Are car title loans legal in Illinois?
Illinois doesn't allow car title loans at typical title loan costs.
How do I check a lender's license in Illinois?
Look the lender up with Illinois Department of Financial and Professional Regulation (IDFPR), which licenses lenders in Illinois.
Do these rules protect service members?
Yes. The Military Lending Act limits payday and car title loans for covered service members to 36%, in every state.
Information, not legal advice. Laws change; confirm with the state regulator.