Description:

Provides low-interest loans from $300-$1500 to help pay for basic needs. Helps families and individuals in need avoid high-interest lenders. Loans have a 15-month term with 90-day deferment payment period and 18% APR. Funds can be used to help pay:
- Rent or security deposit
- Utilities
- Medical bills
- Auto repairs
- Technology purchases, and more

No minimum credit score required.

Eligibility:

- Must be an Illinois resident with an income
- Must have a bank account or an approved pre-paid card
- Must not be:
- Past due on mortgage
- Past due on child support
- Undergoing bankruptcy

Languages:

Spanish

Program Fees:

No application or closing fees; Loan has an 18% APR

Intake Process:

Call or visit website to apply

Documents Required:
- Two months' bank or prepaid card statements
- Copy of government-issued ID
- Voided check or prepaid card with ACH features

Contacts

Handicap Accessible?

Yes

Wishlist:

None

Volunteer Opportunities:

None

Legal Status:

Non-Profit

Date of Official Change:

June 10, 2024