Chicago, IL Payday Loan Alternative

The millions of people who reside in Chicago live in a city filled with history and rich culture. There are hundreds of theaters and art galleries and even more parks for residents to enjoy. Unfortunately, these things also mean that residents of Chicago also pay for a higher-than-average cost of living. Running into financial problems can cause a huge amount of stress and the people of Chicago may look to payday loans for a quick solution to their financial needs.

What is a Payday Loan?

A payday loan is a very short-term loan offered by payday companies. With these loans, you can obtain funds quickly, and repayment is typically required upon receipt of your next paycheck. Payday loans are tempting because they don’t often require credit checks, making them easy to obtain. However, if the loan cannot be repaid by its due date, a borrower will need to request an extension. Extensions typically come at an added cost, and when multiple extensions are needed, the total owed can become significantly more than originally anticipated. MaxLend offers an better alternative to payday loans.

Installment Loans from MaxLend

If you are short on cash and need money, you may want to consider an installment loan from MaxLend. Installment loans are personal loans that are paid back in manageable installments. This flexible repayment allows you to stay current with your repayment without restricting all of your cash flow. Applying with MaxLend is simple, and once approved, you can see funds in your bank account as soon as the next business day. To apply for an installment loan with MaxLend, just go online to complete the application. You need to provide your name, phone number and a valid email address as well as proof of employment. After you submit the application, a representative will call you to verify the information and answer any further questions you may have.

Qualifying for a MaxLend Loan

Like payday loans, the requirements for an installment loan with MaxLend are lenient. You must be a United States citizen and be at least 18 years of age. MaxLend requires that you have a valid checking account that meets minimum open duration requirements. You also need to meet the minimum income requirements, not be involved in bankruptcy proceedings or have intentions to file for bankruptcy. We do not extend loans to active duty military, their spouses or dependents. Additional qualifications and restrictions may apply.

MaxLend is an alternative to payday loans that provides clients with the money they need and the convenience of a flexible repayment schedule. We offer a lending solution that is fast, secure and confidential. If you need funds in your bank account, apply today!



The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.