Best Personal Loan Rates in Chicago, Illinois (IL) - May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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Current personal loan options available to borrowers in Chicago, Illinois include: Selfreliance Federal Credit UnionSelfreliance Federal Credit Union2332 W Chicago Ave, Chicago, IL, 60622A5.0 ★Texas Ratio: 9.40% offering 2024 or Newer Loan at 4.89% APR, Credit Union 1 Credit Union Rantoul, ILCredit Union 1 Credit Union Rantoul, IL828 S Wolcott Ave Rm 120N, Chicago, IL, 60612A5.0 ★Texas Ratio: 7.86% offering Credit Saver Loan at 5.00% APR, Actors Federal Credit UnionActors Federal Credit Union557 W Randolph St, Chicago, IL, 60661B+4.8 ★Texas Ratio: 16.47% offering Musical Instruments Loan Tier Two at 5.49% APR, MWRD Employees Credit UnionMWRD Employees Credit Union100 E Erie St, Chicago, IL, 60611 2829A+5.0 ★Texas Ratio: 3.31% offering MyChoice Special Loan at 5.49% APR, and Chicago Firemans Assoc Credit UnionChicago Firemans Assoc Credit Union2453 S Archer Ave, Chicago, IL, 60616 2169A+5.0 ★Texas Ratio: 0.52% offering SPRING CREDIT UNION SPECIAL Loan at 5.50% APR. Personal loan rates as of May 23, 2026 according to verified data from MonitorBankRates.
Chicago has 23 local institutions in our database, with personal loan rates as low as 4.89% APR from Selfreliance Federal Credit Union at 2332 W Chicago Ave, Chicago, IL, 60622. Use the tabs below to compare all available personal loan types. Rates are continually updated — we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics—including A-F Safety Grades, verified Star Ratings, and Texas Ratios—so you can confidently borrow from a stable, highly-rated institution in Chicago, Illinois.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Chicago, Illinois. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: May 23, 2026
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This APR will vary with the market based on the dividend rate.
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As Low As; Loans $50,000 up to $250,000
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CREDIT CHECK RUN but will qualify, checking for Bankruptcy and Collections; CANNOT EXCEED $23,000.00 IN UNSECURED LOANS; STARTS MAY1ST to JULY 1st
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$100.00 application fee for one year. No credit check.
As Low As; Model Year 2019 - 2021
As Low As; Model Year 2018 - 2020
As Low As; Loan Amount: $500 - $25,000
As Low As; Borrow up to $25,000
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As Low As
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MAX 72 months
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As Low As
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As Low As
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As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
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As Low As; Loans $10,000 up to $49,000
Qualifications Required: Must provide most recent two pay stubs, proof of rent or mortgage; Application fee: $20.00
As Low As
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As Low As
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As Low As; Loan Amount: $500-$40,000
NO annual fee
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
above 24 months
MAX 48 months
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As Low As
As Low As
As Low As
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NO annual fee
As Low As
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As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
As Low As
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As Low As
to 13.5%; Maximum value of the loan can be no greater than $500.00 for a maximum length of 6 consecutive payments.
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As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
Vacation Loans/Holiday Loans have a 12 month term at 10.99% APR
As Low As; for up to 60 months
As Low As
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As Low As
As Low As
As Low As
NO annual fee
As Low As
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
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As Low As
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As Low As
As Low As
As Low As; Loan Amount: $250-$40,000
As Low As
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As Low As
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As Low As; As low as 12.99% APR
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Qualifications Required: Must provide most recent two pay stubs, receive a direct deposit; Application fee: $20.00
As Low As; As low as 15.74% APR
As Low As; As low as 15.49% APR
As Low As
As Low As
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Qualifications Required: Must provide most recent two pay stubs; Application fee: $20.00
$1,000; Qualifications Required: Must be a Maroon Financial member for at least 90 days.; If qualifying with employment income applicant must have been employed with current employer(s) for at least six months.; Must maintain regular deposits with MFCU of at least $200 a month for the past 90 days.; Cannot currently be in bankruptcy.; Must have gross monthly income of at least $800 biweekly or $1,733 monthly from a stable income source.; Must been in good standing with the MFCU.; If you've never had a PAL with Maroon Financial you are only eligible for the $500 PAL and will not be eligible to refinance. You will not be eligible for your next PAL for six months.; You must wait at least 90 days before refinancing your PAL and you must have made a minimum number of payments.; Borrow $1,000** with a flat $125 origination fee; Affordable alternative to payday loans; Local decision-making and processing; Attentive, friendly service from start to finish; Apply in branch or Online; Most Recent Paystub is required if employment income is being used.
$500; Qualifications Required: Must be a Maroon Financial member for at least 90 days.; If qualifying with employment income applicant must have been employed with current employer(s) for at least six months.; Must maintain regular deposits with MFCU of at least $200 a month for the past 90 days.; Cannot currently be in bankruptcy.; Must have gross monthly income of at least $800 biweekly or $1,733 monthly from a stable income source.; Must been in good standing with the MFCU.; If you've never had a PAL with Maroon Financial you are only eligible for the $500 PAL and will not be eligible to refinance. You will not be eligible for your next PAL for six months.; You must wait at least 90 days before refinancing your PAL and you must have made a minimum number of payments.; Borrow $500* with a flat $75 origination fee; Affordable alternative to payday loans; Local decision-making and processing; Attentive, friendly service from start to finish; Apply in branch or Online; Most Recent Paystub is required if employment income is being used.
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As Low As; Variable Rate
As Low As
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As Low As
As Low As
As Low As; Variable Rate
As Low As
As Low As
As Low As
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As Low As
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As Low As; Fixed Rate
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As Low As
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As Low As; Fixed Rate
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$3001.00 to $6000.00
As Low As
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As Low As
$2,000
As Low As
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As Low As
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Renewal: One time renewal up to six months; *ALL RATES SUBJECT TO CREDIT APPROVAL*The Annual Percentage Rates will vary depending on the loan length, credit score, and collateral value. Please contact the Lending Department for further information.
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As Low As; Maximum loan amount $3,000 with a maximum term of 12 months. Payment sample: 12 monthly payments of $86.63/$1,000 borrowed.
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As Low As
As Low As
Limit of $10,000.00
As Low As
As Low As; Rate based on creditworthiness and term of loan.
As Low As
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As Low As
As Low As
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under $10,000; A+
Under $25,000; As Low As
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As Low As
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As Low As; Loan special-good through 8/31/2026
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Over $25,000; As Low As
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Limit of $10,000.00
$500 - $2,000
$6001.00 to $10000
As Low As
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As Low As
As Low As
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under $10,000; A
As Low As
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As Low As
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As Low As
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under $10,000; B
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$2,500
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Limit of $10,000.00
As Low As
As Low As
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As Low As; Loan Amount: $500 - $25,000
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As Low As
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
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As Low As
As Low As
As Low As; Loan Amount: $500-$40,000
above 24 months
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
As Low As; for up to 60 months
As Low As
As Low As
As Low As*; Advertised unsecured loan rates include automatic payment option. Rates are 0.50% higher without automatic payment option.
As Low As; Loan Amount: $250-$40,000
Renewal: One time renewal up to six months; *ALL RATES SUBJECT TO CREDIT APPROVAL*The Annual Percentage Rates will vary depending on the loan length, credit score, and collateral value. Please contact the Lending Department for further information.
Limit of $10,000.00
As Low As; Rate based on creditworthiness and term of loan.
As Low As
As Low As
As Low As; Loan special-good through 8/31/2026
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Limit of $10,000.00
As Low As
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As Low As
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Limit of $10,000.00
As Low As
As Low As
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Qualifications Required: Must provide most recent two pay stubs, proof of rent or mortgage; Application fee: $20.00
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MAX 48 months
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As Low As
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As Low As
As Low As
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As Low As
As Low As
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As Low As
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As Low As; As low as 12.99% APR
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As Low As; As low as 15.74% APR
As Low As; As low as 15.49% APR
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$3001.00 to $6000.00
As Low As
As Low As; Maximum loan amount $3,000 with a maximum term of 12 months. Payment sample: 12 monthly payments of $86.63/$1,000 borrowed.
As Low As
As Low As
As Low As
As Low As
As Low As
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$6001.00 to $10000
As Low As
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As Low As
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$2,500
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As Low As
Chicago, IL Personal Loan Rate Trends
Compare local Chicago, IL personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Illinois personal loan rates fell 0.024 points over the past 7 days to 10.746% APR.
Illinois signature loan rates fell 0.079 points over the past 7 days to 12.744% APR.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Chicago, Illinois personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Chicago, Illinois directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Chicago, Illinois. We feature a comprehensive mix of lenders — from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in IL.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Illinois?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Illinois?
Are credit unions or banks better for personal loans in Chicago, Illinois?
What are the best personal loan rates in Chicago, Illinois?
- Selfreliance Federal Credit Union: 4.89% (2024 or Newer Loan)
- Credit Union 1 Credit Union Rantoul, IL: 5.00% (Credit Saver Loan)
- Actors Federal Credit Union: 5.49% (Musical Instruments Loan Tier Two)
- MWRD Employees Credit Union: 5.49% (MyChoice Special Loan)
- Chicago Firemans Assoc Credit Union: 5.50% (SPRING CREDIT UNION SPECIAL Loan)
Personal Loan Calculators
