Best Personal Loan Rates in Chicago, Illinois - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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- Bank & Credit Union Star Ratings
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Current personal loan options available to borrowers in Chicago, Illinois include: Planites Credit UnionPlanites Credit Union300 E Randolph ST, Chicago, IL, 60601 5014A+5.0 ★Texas Ratio: 2.26% offering Interest Rate Loan at 4.25% APR, Actors Federal Credit UnionActors Federal Credit Union557 W Randolph St, Chicago, IL, 60661B+4.8 ★Texas Ratio: 16.47% offering 2-Year Loan at 4.49% APR, Great Lakes Credit UnionGreat Lakes Credit Union1011 W Lawrence Ave, Chicago, IL, 60640 5017A5.0 ★Texas Ratio: 9.19% offering New & Previous Model Year (2025 & 2026) Loan at 4.99% 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 June 29, 2026 according to verified data from MonitorBankRates.
Chicago has 20 local institutions in our database, with personal loan rates as low as 4.25% APR from Planites Credit Union at 300 E Randolph ST, Chicago, IL, 60601 5014. 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: June 29, 2026
Chicago Personal Loan Rates
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As Low As
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As Low As
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$50,000; As Low As
As Low As
No additional details available.
$10,000.00 for 4 Years
As Low As
As Low As
No additional details available.
No additional details available.
Members can borrow up to $3,000.00, with a $100.00 application fee.
As Low As
Model Year: 2019 - 2021
Model Year: 2018 - 2020
As Low As; Loan Amount: $500 - $25,000
No additional details available.
As Low As; 7.000%
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As Low As
No additional details available.
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As Low As; Loan Amount: $500+
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No additional details available.
Members can apply for personal loans of up to $25,000 starting at 7.99%.
$10,000; As Low As
Qualifications Required: Must provide most recent two pay stubs; proof of rent or mortgage; demonstrate the capacity to repay the loan; You can borrow between $1,000 - $10,000 for paying bills, debt consolidation and purchases. Application fee: $20.00. To apply for a $10,000 loan, your credit score has to be 650 or above.
As Low As; Loan Amount: $2,500+
No additional details available.
No additional details available.
As Low As; Loan Amount: $3,000+
As Low As; Personal Loans
As Low As; Loan Amount: $500-$40,000
No additional details available.
As Low As; Loan Amount: $5,000+
No additional details available.
As Low As
As Low As; Loan Amount: $5,000+
As Low As
No additional details available.
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As Low As
Maximum value of the loan can be no greater than $500.00.
Share Pledge: 10.00%
As low as
No additional details available.
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Open to qualified borrowers. Some restrictions apply. Available for a limited time. Holiday loans are offered from October 1st thru January 31st. Vacation Loans are offered all year long. Other loan amounts available.
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.
No additional details available.
As Low As
As Low As
As Low As
As Low As; Loan Amount: $5,000+
As Low As; Example of repayment terms: 84 monthly payments of $17.80 per $1,000 borrowed.
No additional details available.
Share Pledge: 10.00%
As Low As
As Low As
As Low As; Loan Amount: $250-$40,000
Share Pledge: 10.00%
As Low As
As Low As; Signature Loan
Share Pledge: 15.00%
Qualifications Required: Must provide most recent two pay stubs; receive a direct deposit; have income of $1,000 per month; Application fee: $20.00
As Low As; Signature Loan
As Low As; Signature Loan
As Low As
$300
Share Pledge: 25.00%
No additional details available.
No additional details available.
Qualifications Required: Must provide most recent two pay stubs; be a credit union member for thirty days; have an income of $1,000 per month; Application fee: $20.00
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
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
No additional details available.
up to $3000.00
up to $3000.00
New Money Only
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No additional details available.
Variable Rate** (as low as)
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No additional details available.
As low as; *
As Low As
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As low as; *
New Money Only
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No additional details available.
New Money Only
As Low As
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As low as; *
As low as; *
No additional details available.
New Money Only
As Low As
No additional details available.
New Money Only
As low as; *
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Variable Rate** (as low as)
New Money Only
As Low As
No additional details available.
As Low As
As Low As
No additional details available.
No additional details available.
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No additional details available.
New Money Only; Maximum amount financed on New 90 & 96 month term is 90% of MSRP
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As low as; *
No additional details available.
No additional details available.
New Money Only; Maximum amount financed on New 90 & 96 month term is 90% of MSRP
No additional details available.
As Low As
As Low As
New Money Only; Minimum loan requirement of $20,000
No additional details available.
As Low As
No additional details available.
No additional details available.
As Low As; New 2026 through 2024
Fixed Rate* (as low as)
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As Low As
New Money Only; Minimum loan requirement of $20,000
As Low As
No additional details available.
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As Low As
No additional details available.
Rates range (APR); $750 Origination Fee
New Money Only; Minimum loan requirement of $20,000
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Rates range (APR); $1000 Origination Fee
All rates are based on 725 credit score.
No additional details available.
New Money Only; Minimum loan requirement of $50,000; Maximum amount financed on Used 90 month term is 90% of NADA Clean Retail (Must have 25,000 miles or less to qualify)
Rates range (APR); $1,250 Origination Fee
No additional details available.
New Money Only
As Low As
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Fixed Rate* (as low as)
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As Low As
$3001.00 to $6000.00
$3001.00 to $6000.00
$3001.00 to $6000.00
No additional details available.
New Money Only; Maximum amount financed on 2016 & older models is 90% of NADA Clean Retail
No additional details available.
No additional details available.
As low as; *
As low as; *
Members can borrow up to $3,500. Contact the Loan Department for Details. Rate based on Credit Score. Approval based on Credit Worthiness.
**
As Low As
No additional details available.
$2,000
No additional details available.
As Low As
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As Low As
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As Low As
No additional details available.
No additional details available.
As low as; *
As Low As
No additional details available.
APR* as low as
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APR* as low as
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As low as; *
As low as; *
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.
All rates are based on 725 credit score; 84 month term on new vehicles only based on credit score.
As Low As
New Money Only; Maximum amount financed on 2016 & older models is 90% of NADA Clean Retail
Chicago Personal Loan Rates
No additional details available.
As Low As; Loan Amount: $500 - $25,000
No additional details available.
Members can apply for personal loans of up to $25,000 starting at 7.99%.
No additional details available.
As Low As; Loan Amount: $500+
As Low As; Loan Amount: $2,500+
As Low As; Loan Amount: $3,000+
As Low As; Personal Loans
As Low As; Loan Amount: $500-$40,000
No additional details available.
As Low As; Loan Amount: $5,000+
As Low As; Loan Amount: $5,000+
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.
As Low As; Example of repayment terms: 84 monthly payments of $17.80 per $1,000 borrowed.
As Low As; Loan Amount: $5,000+
As Low As; Loan Amount: $250-$40,000
No additional details available.
**
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.
Chicago Debt Consolidation Loan Rates
As Low As
Credit Union rates range from ONLY 7.25% to 13.25%; Maximum loan amount $15,000
Credit Union rates range from ONLY 7.25% to 13.25%; Maximum loan amount $15,000
Chicago Signature Loan Rates
No additional details available.
No additional details available.
No additional details available.
Qualifications Required: Must provide most recent two pay stubs; proof of rent or mortgage; demonstrate the capacity to repay the loan; You can borrow between $1,000 - $10,000 for paying bills, debt consolidation and purchases. Application fee: $20.00. To apply for a $10,000 loan, your credit score has to be 650 or above.
No additional details available.
No additional details available.
No additional details available.
Share Pledge: 10.00%
As low as
No additional details available.
No additional details available.
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As Low As
Share Pledge: 10.00%
As Low As
As Low As
Share Pledge: 10.00%
As Low As
As Low As; Signature Loan
Share Pledge: 15.00%
As Low As; Signature Loan
As Low As; Signature Loan
Share Pledge: 25.00%
up to $3000.00
up to $3000.00
No additional details available.
$3001.00 to $6000.00
$3001.00 to $6000.00
$3001.00 to $6000.00
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 currently average 10.523% APR.
Illinois signature loan rates currently average 12.821% 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?
- Planites Credit Union: 4.25% (Interest Rate Loan)
- Actors Federal Credit Union: 4.49% (2-Year Loan)
- Great Lakes Credit Union: 4.99% (New & Previous Model Year (2025 & 2026) Loan)
- MWRD Employees Credit Union: 5.49% (MyChoice Special Loan)
- Chicago Firemans Assoc Credit Union: 5.50% (Spring Credit Union Special Loan)
Personal Loan Calculators
