Online Loans in Illinois




It’s not always easy to deal with an unforeseen emergency expense when you don’t have enough savings. But, if you run into a situation like this, an online loan in Illinois may be able to help! With a CreditFresh Line of Credit by CBW Bank, Member FDIC, you may be able to qualify for an online loan between $500 to $3,500. While you may be confronted with unexpected fees and hidden terms with online loans in Illinois, the terms of a CreditFresh Line of Credit are clear and straightforward.

If you’re considering submitting a request for Illinois online loans through CreditFresh, you’ll be happy to know that the process is quick and simple. If approved, you’ll be able to access funds when you need them, as long as you have available credit. Simply request a draw on your personal Line of Credit from your available credit and the funds can be in your account as soon as the next business day!

Note: A Line of Credit is a type of online loan. As a revolving credit product, you can request draws, repay and redraw as needed from your available credit.

Online Loan Summary

Loan Amount: $500 to $3,500

Loan Type: Line of Credit

Lender: CBW Bank

Minimum Payment: Billing Cycle Charge + Required Principal Payment

Funding Time: 1 Business Day3

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Benefits of Choosing CreditFresh Online Loans in Illinois




Access Credit When you Need it
  • You’ll get the financial flexibility you need to handle emergency expenses.
  • Have access to your available credit when you need it by requesting a draw online.
  • Funds can be in your bank account as soon as the next business day.

Excellent Customer Service
  • Our dedicated Customer Service team is here to help!
  • You can reach us 7 days a week for any questions relating to our services and/or products offered through the CreditFresh website.
  • We’re here to help you access the funds you need when an emergency strikes.


Transparent, Easy-to-Understand Product
  • Straightforward repayment terms without hidden fees
  • A simple Billing Cycle Charge structure.
  • Have access to a secure online platform to review information regarding your account.

Online Loans in Illinois – The Details

When you run into an emergency expense you didn’t anticipate, like an unexpected car or home repair, an online loan in the form of a line of credit may be the safety net you need to handle this unexpected expense!

If you’re looking to get a loan online in Illinois, click here to submit a request or call us at 1-800-766-2007 for more information.

Credit Limit

$500 to $3,500.

Making a Draw

When you need funds, withdraw what you have available all at once, or in smaller amounts as needed, from your available credit. If you request a draw, funds will typically be deposited into your bank account by the next business day3.

Repayment of Your Online Loan in Illinois

If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle.

You will be issued a Periodic Statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your Periodic Statement will show your Minimum Payment and your Payment Due Date.

Your Minimum Payment will be made up of two components:

  • Billing Cycle Charge: this will be calculated based on your Average Daily Principal Balance that appears on your Periodic Statement (see details below); and
  • A required principal payment which helps ensure you are always paying down your Outstanding Principal Balance.

You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties.

The Cost of a CreditFresh Online Loan in Illinois

For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your Periodic Statement.

Billing Cycle Charge Table:

If the “Average Daily Principal Balance” appearing on you Periodic Statement is:

If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be:

If you are paid monthly, your Billing Cycle Charge will be:

$0.01 - $9.99 $5.00 $10.00
$10.00 - $249.99 $15.00 $30.00
$250.00 - $499.99 $30.00 $60.00
$500.00 - $749.99 $40.00 $80.00
$750.00 - $999.99 $55.00 $110.00
$1,000.00 - $1,249.99 $70.00 $140.00
$1,250.00 - $1,499.99 $85.00 $170.00
$1,500.00 - $1,749.99 $95.00 $190.00
$1,750.00 - $1,999.99 $105.00 $210.00
$2,000.00 - $2,249.99 $115.00 $230.00
$2,250.00 - $2,499.99 $120.00 $240.00
$2,500.00 - $2,749.99 $135.00 $270.00
$2,750.00 - $2,999.99 $145.00 $290.00
$3,000.00 - $3,249.99 $160.00 $320.00
$3,250.00 - $3,500.00 $175.00 $350.00

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Frequently Asked Questions


What are the minimum requirements to qualify for an online loan in Illinois through CreditFresh?

In order to request an online loan through CreditFresh, you must:

  • Be of legal age to contract in Illinois
  • Be a US citizen or a permanent resident
  • Be a resident of Illinois
  • Have an active bank account
  • Have a regular, consistent source of income
  • Have a valid contact number and an active email address

Please note that currently, no credit products offered through CreditFresh have rates that would meet the requirements applicable to lending to covered members of the US armed forces and their dependents.

Will I need a bank account to be approved for this online loan in Illinois?

Yes, to be approved for this online loan in Illinois, you’ll need to have an active bank account.

Will I need to make an appointment to submit a request for this online loan?

You will not need an appointment to submit a request. To start this process, simply click here. Submitting a request is simple and may take only a few minutes to complete1.

For more information, feel free to give us a call at 1-800-766-2007 and a member of our Customer Service team will be pleased to help you.

Are online loans offered through CreditFresh in other states?

Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Florida, Indiana, Kansas, Kentucky, Michigan, Nebraska, Ohio, South Carolina, Texas, and Washington in addition to Illinois.

How is a line of credit different than an installment loan?

One of the central differences between an installment loan and a line of credit is that the latter is a revolving form of credit. What this means is that if you’re approved, you can borrow funds from your available credit, either all at once or in smaller amounts as needed. As you pay down your balance, you can continue to borrow money when you need it from your available credit! Being able to request draws, repay and redraw as needed may make emergency loans online useful when you’re faced with an unexpected expense.

We’re here to help!

When you’re in a tough financial situation, applying for an online loan is a big decision. If you’re looking to borrow money online and would like more information on the process of requesting unsecured loans online in Illinois through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about the CreditFresh Line of Credit by visiting our general FAQ page.