Chicago, Illinois Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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Chicago, Illinois personal loan rates range from 3.99% to 49.77% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in Chicago, Illinois include: Park Manor Christian Church Credit UnionPark Manor Christian Church Credit Union600 E 73rd St, Chicago, IL, 60619 1827A5.0 ★Texas Ratio: 12.50% offering Unsecured Personal Loan at 5.99% APR, American Broadcast Employees Federal Credit UnionAmerican Broadcast Employees Federal Credit Union190 N State St, Chicago, IL, 60601A+5.0 ★Texas Ratio: 4.93% offering Signature Loans - 12 Months at 7.75% APR, Justice Federal Credit UnionJustice Federal Credit Union2111 W Roosevelt Rd Ste 194, Chicago, IL, 60608 1128A5.0 ★Texas Ratio: 7.57% offering Personal Loan at 7.99% APR, ELCA Federal Credit UnionELCA Federal Credit Union8765 W Higgins Rd, Chicago, IL, 60631A+5.0 ★Texas Ratio: 0.64% offering Personal Loans at 7.99% APR, and South Side Community Federal Credit UnionSouth Side Community Federal Credit Union5401 S Wentworth Ave, Chicago, IL, 60609 6349A+5.0 ★Texas Ratio: 0.97% offering Signature Loan at 8.01% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Chicago has 27 local institutions in our database, with personal loan rates as low as 5.99% APR from Park Manor Christian Church Credit Union at 600 E 73rd St, Chicago, IL, 60619 1827. Use the tabs below to compare all available personal loan types. Rates are continually updated, so 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: October 13, 2026
Chicago Personal Loan Rates
Based on credit worthiness
Based on credit worthiness
No additional details available.
As Low As; Loan Amount: $500+
No additional details available.
For up to $25,000.
Based on credit worthiness
Term: 6 months to 48 months; Published APR range: 8.009% - 16.009%. Borrow between $1,000 - $10,000 for paying bills, debt consolidation and purchases; Application fee: $20.00; Requires most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance; credit score of 650 or above needed for a $10,000 loan
As Low As; Loan Amount: $2,500+
As Low As; Loan Amount: $3,000+
No additional details available.
As Low As; from rate; featured on homepage
APR-Annual Percentage Rate. Rates Subject To Change Without Notice. Rates vary according to credit worthiness and term of loan, subject to change without notice. The featured rate listed assumes an automatic payment method and includes a 0.25% discount.
As Low As; Loan Amount: $5,000+
Based on credit worthiness
No additional details available.
Credit Score: A 700-above; Loans up to $12,000; APR
As Low As; Loan amount $15,000; credit score >=780; $59 one-time loan processing fee reflected in APR
- Oct 1, 20269.38%▲ from 8.88%
- Sep 22, 20268.88%first recorded
As Low As
No additional details available.
- Oct 1, 20269.49%▲ from 8.99%
- Sep 30, 20268.99%first recorded
As Low As; Loan Amount: $5,000+
As Low As; Discount available for automatic payment option; If you have previously applied for an unsecured loan in past 6 months and were denied credit, a $25.00 application fee applies
As Low As; Discount available for automatic payment option; If you have previously applied for an unsecured loan in past 6 months and were denied credit, a $25.00 application fee applies
Published APR range: 9.90%-17.90%.
Consumer Loans; Rates effective as of 10/1/2026
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
As Low As; Discount available for automatic payment option; If you have previously applied for an unsecured loan in past 6 months and were denied credit, a $25.00 application fee applies
Score: A: 700 and Up; Amount: $15,000; Share Pledge: 10.00%
As low as
As Low As; Loan amount $15,000; credit score >=780; $59 one-time loan processing fee reflected in APR
- Oct 1, 202610.20%▲ from 9.70%
- Sep 22, 20269.70%first recorded
As Low As; includes a 0.25% discount for enrolling in automatic payments. Existing Citi customers with an eligible checking or savings accounts, or a Citi credit card, may be eligible for up to $50,000. Rates as of 9-29-2026. Your APR may be as high as 18.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a.25% APR discount for enrollment in automatic payments at the time of loan origination. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
- Oct 7, 202610.24%▲ from 9.99%
- Sep 27, 20269.99%first recorded
Consumer Loans; Rates effective as of 10/1/2026
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Credit Score: A 700-above; Loans up to $12,000; APR
No additional details available.
- Oct 1, 202610.49%▲ from 9.99%
- Sep 30, 20269.99%first recorded
Consumer Loans; Rates effective as of 10/1/2026
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Consumer Loans; Rates effective as of 10/1/2026
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
No additional details available.
Loans under $10,000 have a maximum term of 60 months. Maximum loan amount: $24,000.
Consumer Loans; Rates effective as of 10/1/2026
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Rates as low as; For example, a $5,000 loan for a term of 48 months with a 10.99% APR would have a monthly payment amount of $135.81 fully protected. Open to qualified borrowers. Some restrictions apply. Rates subject to change without notice.
As Low As; Loan amount $15,000; credit score >=780; 49-60 month term has a $10,000 minimum loan amount; $59 one-time loan processing fee reflected in APR
Credit Score: A 700-above; Loans up to $12,000; APR
No additional details available.
- Oct 1, 202611.49%▲ from 10.99%
- Sep 30, 202610.99%first recorded
No additional details available.
As Low As; APR column for Signature Loans, term Up to 60 months
As Low As
As Low As; Loan Amount: $5,000+
Score: A: 650 - 699; Amount: $13,000; Share Pledge: 10.00%
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 740+
Personal Loan Rates; Loan Limit: $5,000.00
As Low As; Loan amount $15,000; credit score >=780; 72-month term has a $15,000 minimum loan amount; $59 one-time loan processing fee reflected in APR
Credit Score: B 640-699; Loans up to $12,000; APR
No additional details available.
- Oct 1, 202612.49%▲ from 11.99%
- Sep 30, 202611.99%first recorded
As Low As
As Low As; Rate based on creditworthiness and term of loan
Credit Score: B 640-699; Loans up to $12,000; APR
Score: B: 600 - 649; Amount: $9,000; Share Pledge: 10.00%
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 739-690
Credit Score: C 550-639; Loans up to $12,000; APR
Published APR range: 14.50% - 16.50%. Credit Cards
- Oct 5, 202614.50%▲ from 14.25%
- Sep 29, 202614.25%first recorded
No additional details available.
No additional details available.
Personal Loan Rates; Loan Limit: $5,000.00
Credit Score: C 550-639; Loans up to $12,000; APR
Score: C: 550 - 599; Amount: $7,000; Share Pledge: 15.00%
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 689-650
Credit Score: D 549 - below; Loans up to $12,000; APR
No additional details available.
No additional details available.
As Low As
Score: D: 500 - 549; Amount: $6,000; Share Pledge: 25.00%
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 649-580
- Oct 9, 202618.00%▲ from 16.00%
- Sep 29, 202616.00%▼ from 18.00%
- Sep 14, 202618.00%first recorded
$1,000; Borrow $1,000 with a flat $125 origination fee; 6-month repayment term; relationship-based, not credit-based, personal loan; apply in branch or online; APR from footnote **
$500; Borrow $500 with a flat $75 origination fee; 6-month repayment term; relationship-based, not credit-based, personal loan; apply in branch or online; APR from footnote *
Loan amount: up to $3000.00
As Low As
- Sep 22, 20264.25%▼ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As; Variable Rate**
As Low As
- Sep 22, 20265.00%▼ from 5.75%
- Sep 14, 20265.75%first recorded
As Low As; Variable Rate**
As Low As
As Low As; Fixed Rate*
- Oct 10, 20265.25%▲ from 4.25%
- Sep 22, 20264.25%first recorded
As Low As
As Low As; Fixed Rate*
- Oct 10, 20265.75%▲ from 5.00%
- Sep 22, 20265.00%first recorded
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan Amount: $3001.00 to $6000.00
As Low As; Based on FICO score
Loan amount $500 - $5,000.00; Rates available to current members only; No processing or application fees
No additional details available.
As Low As; Personal Loans; lowest available rates, subject to membership eligibility and creditworthiness
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
Published APR range: 7.00%-16.00%.
As Low As; Members in good standing may qualify for these low-rate loans.
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
As Low As; Rates include all possible discounts. Contact us to determine which discounts apply to you.
Credit Grade: A (700+); Loan Amount: $15,000; Page labels this value 'apy' but it is a loan rate
No additional details available.
Loan amount $5,000.00 - $7,500.00; Rates available to current members only; No processing or application fees
Please note rates quoted are the lowest rate available. The rate you will receive on your loan will be determined by your credit score and may be higher. All rates are subject to change without notice.
No additional details available.
Loan amount $1,000 to $25,000
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount: $6001.00 to $10000
As Low As
As Low As; Board Determined Loan Rates; Actual rates vary by loan term, year of collateral and applicant credit history
All rates are based on 725 credit score; Unsecured rates range from 8.00% to 18.00%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Loan rates and terms are determined by applicant's creditworthiness and are subject to DCECU credit underwriting guidelines.
As Low As
No additional details available.
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Term: Up to 36 months financing; As Low As; $5,000 maximum
Term: 1 to 36 month finance period; Loan amount: Up to $10,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
Credit Grade: A (700+); Loan Amount: $15,000; Page labels this value 'apy' but it is a loan rate
No additional details available.
No additional details available.
As Low As; Loan Amount: Up to $1,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
under $10,000; Credit Grade: B; Credit Score: 660-699; Fully Pledged Loan
$2,500; Credit Score: 750 plus
Please note rates quoted are the lowest rate available. The rate you will receive on your loan will be determined by your credit score and may be higher. All rates are subject to change without notice.
No additional details available.
As Low As; Personal Loans; lowest available rates, subject to membership eligibility and creditworthiness
As low as
Based on loan amount and credit qualifications
Loan amount $1,000 to $25,000
Term: Max 60 months repayment, add 1% if term is >36 months; Published APR range: 8.99% - 17.99%.
Loan rates effective April 22nd, 2026; for new loans and refinanced loans using new collateral
As Low As
Term: 37 to 60 month finance period; Loan amount: Up to $10,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
Published APR range: 9%-15%.
As Low As
No additional details available.
As Low As; Loan Amount: $1,000.01 - $3,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
under $10,000; Credit Grade: C; Credit Score: 600-659; Fully Pledged Loan
Credit Grade: B (699 - 660); Loan Amount: $8,000; Page labels this value 'apy' but it is a loan rate
As low as; Loan amount up to $48,000
As Low As; from 9.25% APR*
As Low As
No additional details available.
Loan amount $1,000 to $25,000
No additional details available.
Loan amount: $10,001 to $15,000
As Low As; Promotions and Rates featured rate
As Low As
Term: 1 to 36 month finance period; Loan amount: $10,001 to $20,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
under $10,000; Credit Grade: D; Credit Score: 550-599; Fully Pledged Loan
Loan Special
- Sep 18, 20269.50%▼ from 10.00%
- Sep 14, 202610.00%first recorded
As Low As; Personal Loans (as low as) 9.50% APR
No additional details available.
Published APR range: 9.5%-21.9%. Loan amount: $0-$7499; Auto and personal loans rates are determined by credit score. Personal loan amounts not to exceed 2x gross monthly income or $15000
As Low As; Rates and terms available to qualified borrowers; use for any needs or to refinance higher rate loans or credit cards
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Loan Amount: $3,000.01 - $5,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
Personal Loan Rates as of January 5, 2026; Rates stated as Annual Percentage Rate (APR)
under $10,000; Credit Grade: B; Credit Score: 660-699; Fully Pledged Loan
Branch: Branch HCU; *The Annual Percentage Rates listed above are based on credit worthiness and term. Terms and Conditions apply. Selected Rates current as of 10/13/2026, for approved members.
- Oct 9, 20269.75%▲ from 9.50%
- Sep 14, 20269.50%first recorded
As Low As; Personal Loan Rates (Effective October 1, 2023)
No additional details available.
Term: 19 Months to 60 Months; As Low As
As Low As; Maximum of up to $15,000 (dependent on credit score). Terms are negotiable. Rates and limit are dependent upon credit score. Rates are subject to change. $5.00 loan application fee when applying and your most recent pay stub is needed as well.
$2,500; Credit Score: 700-749
- Oct 9, 20269.90%▲ from 8.90%
- Sep 14, 20268.90%first recorded
Personal Loan Rates (Effective October 1, 2023)
From $1,000 to $48,000; As Low As; Personal Loans
Term: up to 60 months repayment
APR As Low As* for qualified borrowers; lowest rate available; Personal Loans, Closed End
Additional APR listed for this product: 12.95%. $1,000; Personal Loans
Chicago Personal Loan Rates
Based on credit worthiness
Based on credit worthiness
As Low As; Loan Amount: $500+
For up to $25,000.
Based on credit worthiness
As Low As; Loan Amount: $2,500+
As Low As; Loan Amount: $3,000+
APR-Annual Percentage Rate. Rates Subject To Change Without Notice. Rates vary according to credit worthiness and term of loan, subject to change without notice. The featured rate listed assumes an automatic payment method and includes a 0.25% discount.
As Low As; Loan Amount: $5,000+
Based on credit worthiness
Credit Score: A 700-above; Loans up to $12,000; APR
As Low As; Loan Amount: $5,000+
As Low As; includes a 0.25% discount for enrolling in automatic payments. Existing Citi customers with an eligible checking or savings accounts, or a Citi credit card, may be eligible for up to $50,000. Rates as of 9-29-2026. Your APR may be as high as 18.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a.25% APR discount for enrollment in automatic payments at the time of loan origination. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.
- Oct 7, 202610.24%▲ from 9.99%
- Sep 27, 20269.99%first recorded
Credit Score: A 700-above; Loans up to $12,000; APR
Rates as low as; For example, a $5,000 loan for a term of 48 months with a 10.99% APR would have a monthly payment amount of $135.81 fully protected. Open to qualified borrowers. Some restrictions apply. Rates subject to change without notice.
Credit Score: A 700-above; Loans up to $12,000; APR
As Low As; Loan Amount: $5,000+
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 740+
Personal Loan Rates; Loan Limit: $5,000.00
Credit Score: B 640-699; Loans up to $12,000; APR
Credit Score: B 640-699; Loans up to $12,000; APR
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 739-690
Credit Score: C 550-639; Loans up to $12,000; APR
Personal Loan Rates; Loan Limit: $5,000.00
Credit Score: C 550-639; Loans up to $12,000; APR
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 689-650
Credit Score: D 549 - below; Loans up to $12,000; APR
Term: 12 months for $1,000 - $2,000 & 24 months for $2,001 - $5,000; Credit Score: 649-580
- Oct 9, 202618.00%▲ from 16.00%
- Sep 29, 202616.00%▼ from 18.00%
- Sep 14, 202618.00%first recorded
Loan amount $500 - $5,000.00; Rates available to current members only; No processing or application fees
No additional details available.
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
No additional details available.
Loan amount $5,000.00 - $7,500.00; Rates available to current members only; No processing or application fees
No additional details available.
As Low As
Loan rates and terms are determined by applicant's creditworthiness and are subject to DCECU credit underwriting guidelines.
No additional details available.
No additional details available.
No additional details available.
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
No additional details available.
As low as
Based on loan amount and credit qualifications
Published APR range: 9%-15%.
No additional details available.
As low as; Loan amount up to $48,000
As Low As
No additional details available.
As Low As; Promotions and Rates featured rate
As Low As; Personal Loans (as low as) 9.50% APR
No additional details available.
Published APR range: 9.5%-21.9%. Loan amount: $0-$7499; Auto and personal loans rates are determined by credit score. Personal loan amounts not to exceed 2x gross monthly income or $15000
No additional details available.
No additional details available.
No additional details available.
Personal Loan Rates as of January 5, 2026; Rates stated as Annual Percentage Rate (APR)
Branch: Branch HCU; *The Annual Percentage Rates listed above are based on credit worthiness and term. Terms and Conditions apply. Selected Rates current as of 10/13/2026, for approved members.
- Oct 9, 20269.75%▲ from 9.50%
- Sep 14, 20269.50%first recorded
No additional details available.
Term: 19 Months to 60 Months; As Low As
Term: up to 60 months repayment
APR As Low As* for qualified borrowers; lowest rate available; Personal Loans, Closed End
Additional APR listed for this product: 12.95%. $1,000; Personal Loans
Chicago Debt Consolidation Loan Rates
No additional details available.
As Low As
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Chicago Signature Loan Rates
No additional details available.
No additional details available.
Term: 6 months to 48 months; Published APR range: 8.009% - 16.009%. Borrow between $1,000 - $10,000 for paying bills, debt consolidation and purchases; Application fee: $20.00; Requires most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance; credit score of 650 or above needed for a $10,000 loan
No additional details available.
As Low As; from rate; featured on homepage
No additional details available.
As Low As; Loan amount $15,000; credit score >=780; $59 one-time loan processing fee reflected in APR
- Oct 1, 20269.38%▲ from 8.88%
- Sep 22, 20268.88%first recorded
Published APR range: 9.90%-17.90%.
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Score: A: 700 and Up; Amount: $15,000; Share Pledge: 10.00%
As low as
As Low As; Loan amount $15,000; credit score >=780; $59 one-time loan processing fee reflected in APR
- Oct 1, 202610.20%▲ from 9.70%
- Sep 22, 20269.70%first recorded
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
No additional details available.
Loans under $10,000 have a maximum term of 60 months. Maximum loan amount: $24,000.
Consumer Loans; Rates effective as of 10/1/2026; Offered to members meeting select credit criteria, including -.25% discount for Autopay
As Low As; Loan amount $15,000; credit score >=780; 49-60 month term has a $10,000 minimum loan amount; $59 one-time loan processing fee reflected in APR
As Low As; APR column for Signature Loans, term Up to 60 months
As Low As
Score: A: 650 - 699; Amount: $13,000; Share Pledge: 10.00%
As Low As; Loan amount $15,000; credit score >=780; 72-month term has a $15,000 minimum loan amount; $59 one-time loan processing fee reflected in APR
As Low As
As Low As; Rate based on creditworthiness and term of loan
Score: B: 600 - 649; Amount: $9,000; Share Pledge: 10.00%
Published APR range: 14.50% - 16.50%. Credit Cards
- Oct 5, 202614.50%▲ from 14.25%
- Sep 29, 202614.25%first recorded
No additional details available.
Score: C: 550 - 599; Amount: $7,000; Share Pledge: 15.00%
No additional details available.
No additional details available.
Score: D: 500 - 549; Amount: $6,000; Share Pledge: 25.00%
Loan amount: up to $3000.00
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan Amount: $3001.00 to $6000.00
As Low As; Personal Loans; lowest available rates, subject to membership eligibility and creditworthiness
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
As Low As; Members in good standing may qualify for these low-rate loans.
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
As Low As; Rates include all possible discounts. Contact us to determine which discounts apply to you.
Credit Grade: A (700+); Loan Amount: $15,000; Page labels this value 'apy' but it is a loan rate
Please note rates quoted are the lowest rate available. The rate you will receive on your loan will be determined by your credit score and may be higher. All rates are subject to change without notice.
Loan amount $1,000 to $25,000
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Loan amount: $6001.00 to $10000
As Low As
Loan amount $1,000 to $35,000; Promotional offer valid 10/1/2026-12/31/2026 for qualifying Holiday and Debt Consolidation Signature Loans; Membership eligibility required; Cannot be combined with other loan discounts or promotional offers
Term: Up to 36 months financing; As Low As; $5,000 maximum
Term: 1 to 36 month finance period; Loan amount: Up to $10,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
Credit Grade: A (700+); Loan Amount: $15,000; Page labels this value 'apy' but it is a loan rate
As Low As; Loan Amount: Up to $1,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
$2,500; Credit Score: 750 plus
Please note rates quoted are the lowest rate available. The rate you will receive on your loan will be determined by your credit score and may be higher. All rates are subject to change without notice.
As Low As; Personal Loans; lowest available rates, subject to membership eligibility and creditworthiness
Loan amount $1,000 to $25,000
As Low As
Term: 37 to 60 month finance period; Loan amount: Up to $10,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
As Low As; Loan Amount: $1,000.01 - $3,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
Credit Grade: B (699 - 660); Loan Amount: $8,000; Page labels this value 'apy' but it is a loan rate
As Low As; from 9.25% APR*
No additional details available.
Loan amount $1,000 to $25,000
No additional details available.
Loan amount: $10,001 to $15,000
As Low As
Term: 1 to 36 month finance period; Loan amount: $10,001 to $20,000; Max signature loan $20,000; APR is Annual Percentage Rate; rates subject to change
As Low As; Rates and terms available to qualified borrowers; use for any needs or to refinance higher rate loans or credit cards
As Low As; Loan Amount: $3,000.01 - $5,000; Rates shown include a 0.25% discount for using automatic payment options and a 0.25% discount for having an existing checking account with monthly direct deposit
As Low As; Personal Loan Rates (Effective October 1, 2023)
As Low As; Maximum of up to $15,000 (dependent on credit score). Terms are negotiable. Rates and limit are dependent upon credit score. Rates are subject to change. $5.00 loan application fee when applying and your most recent pay stub is needed as well.
$2,500; Credit Score: 700-749
- Oct 9, 20269.90%▲ from 8.90%
- Sep 14, 20268.90%first recorded
From $1,000 to $48,000; As Low As; Personal Loans
Additional APR listed for this product: 12.95%. $1,000; Personal Loans
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 0.054 points over the past 7 days to 10.435% APR.
Illinois signature loan rates rose 0.114 points over the past 7 days to 10.608% APR.
Chicago, IL Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Illinois figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current IL average personal loan APR of 10.43%, across the terms lenders serving Chicago, Illinois most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $231.73/mo | $162.36/mo | $127.86/mo | $107.31/mo |
| $10,000 | $463.46/mo | $324.72/mo | $255.72/mo | $214.62/mo |
| $15,000 | $695.19/mo | $487.07/mo | $383.58/mo | $321.92/mo |
| $25,000 | $1,158.64/mo | $811.79/mo | $639.30/mo | $536.54/mo |
| $35,000 | $1,622.10/mo | $1,136.51/mo | $895.01/mo | $751.15/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Chicago, Illinois
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the IL personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (IL average) | 10.43% | $383.58 | $3,412 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,738 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,273 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,865 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Chicago, Illinois
Prequalify With a Soft Credit Check
Most lenders serving Chicago, Illinois will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Illinois data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Chicago, Illinois auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Chicago, Illinois high-yield savings account costs nothing and earns interest instead of paying it
Chicago, Illinois Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $384 monthly loan payment is roughly 9.3% of the median individual income in Chicago, Illinois. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Chicago, Illinois.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current IL average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
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.
Personal Loans for Bad Credit in Chicago, Illinois
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Ask About a Payday Alternative Loan
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
Secure the Loan With Savings
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
Add a Cosigner or Co-borrower
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Prequalify Before You Apply
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
Avoid Payday and Title Loans
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.
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 is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
Can I get a personal loan with bad credit in Chicago, Illinois?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in Chicago, Illinois?
- Park Manor Christian Church Credit Union: 5.99% (Unsecured Personal Loan)
- American Broadcast Employees Federal Credit Union: 7.75% (Signature Loans - 12 Months)
- Justice Federal Credit Union: 7.99% (Personal Loan)
- ELCA Federal Credit Union: 7.99% (Personal Loans)
- South Side Community Federal Credit Union: 8.01% (Signature Loan)
Chicago, Illinois Rates & Resources
Personal Loan Calculators
