Illinois Rates and Terms
Short Term Loans, LLC is a direct lender licensed to make loans to Illinois residents.
Governing Law
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.
Illinois Guide to Payday Loans:
Illinois Disclosures
WARNING: 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. This loan is regulated by the Illinois Department of Financial and Professional Regulation.
A lender cannot use the criminal process against a consumer to collect any payday loan.
INTEREST-FREE REPAYMENT PLAN: If you still owe on one or more payday loans, other than an installment payday loan, 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.
Proof of Income
Illinois law requires that you provide us with proof of income dated within 30 days prior to receiving a payday or payday installment loan. You must fax, email or upload 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 email your benefits letter or bank statement showing direct deposit. Proof of income may be uploaded through our Member’s Section, faxed to 888-556-2999 or emailed to [email protected].
FINANCE CHARGES
ANNUAL PERCENTAGE RATE 188.58%-435.19%
$15.50 PER $100.00 BORROWED
TERM OF 13-30 DAYS
$15.50 PER $100.00 BORROWED PER INSTALLMENT PERIOD
TERM OF 112-180 DAYS
Examples:
| Amount of Loan | Finance Charge | Term |
Annual Percentage Rate
|
| $100 | $15.50 | 13 Days | 435.19% |
| $400 | $62.00 | 30 Days | 188.58% |
| $400 | $246.42 | 180 Days | 188.58% |
Tarifas y términos de Illinois
Short Term Loans, LLC es un prestamista directo con licencia para otorgar préstamos a residentes de Illinois.
Ley Gobernante
El contrato de préstamo se regirá por las leyes aplicables de Illinois y federales. Las preguntas o quejas deben dirigirse al Departamento de Regulación Financiera y Profesional de Illinois, disponible haciendo clic aquí.
Guía de Illinois para préstamos de día de pago:
Declaracion de politicas aplicables en el Estado de Illinois
ADVERTENCIA: este préstamo no está destinado a satisfacer las necesidades financieras a largo plazo. Este préstamo solo debe usarse para satisfacer necesidades a corto plazo. El costo de su préstamo puede ser más alto que los préstamos ofrecidos por otras instituciones de crédito. Este préstamo está regulado por el Departamento de Regulación Financiera y Profesional de Illinois.
Esta financier no podra usar el proceso criminal encontra de el consumidor para recaudar cualquier prestamo “payday”.
PLAN DE REEMBOLSO SIN INTERES: Si al cabo de 35 dias usted aun cuenta con uno o mas presentamos “payday”, aparte de un prestamo a plazos “payday”, tendra el derecho de participar en un plan de reembolso. El plan de reembolso le dara al menos 55 dias para devolver el prestamo en cuotas sin recargos pro financiamiento, interes, honorarios, ni cargos de cualquier otro tipo.
Prueba de ingreso
La ley de Illinois requiere que nos proporcione un comprobante de ingresos con fecha dentro de los 30 días anteriores a la recepción de un préstamo a plazos del día de pago o del día de pago. Debe enviar por fax, correo electrónico o cargar su comprobante de pago más reciente u otra prueba de ingresos al momento de presentar la solicitud para garantizar un procesamiento rápido de su préstamo. Si recibe Seguro Social, debe enviar por fax o correo electrónico su carta de beneficios o extracto bancario que muestre el depósito directo. El comprobante de ingresos se puede cargar a través de nuestra Sección para Miembros, se puede enviar por fax al 888-556-2999 o por correo electrónico a [email protected].
CARGOS FINANCIEROS
PORCENTAJE ANNUAL 188.58% – 435.19%
$15.50 POR CADA $100.00 PRESTADO
TERMINO DE 13-30 DIAS
$15.50 POR CADA $100.00 PRESTADO POR PERIODO DE PLAZOS
TERMINO DE 112-180 DIAS
EJEMPLOS:
| Cantidad Del Prestamo | Cargo Financiero | Termino |
Porcentaje Anual
|
| $100 | $15.50 | 13 Dias | 435.19% |
| $400 | $62.00 | 30 Dias | 188.58% |
| $400 | $246.42 | 180 Dias | 188.58% |
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If a lender is able to make you an offer and you agree to their terms, they can deposit your funds directly into your bank account as soon as the next business day.
