Personal Loans in Chicago, IL

Frequently Asked Questions

BROADWAY FINANCIAL SERVICES

Questions about our installment loans?

Q: What is an installment loan?

 

A: An Installment loan's definition is "a loan that is repaid over time with a sett number of scheduled payments."

 

Q: How do I get an installment loan?

 

A: You can apply online or in-store, bring your documents into one of your documents into one of our conveniently located stores, sign your documents after you are approved and walk out with you cash as soon as the same day.*

 

Q: What's the difference between an installment loan and a payday loan?

 

A: Both loans can provide quick cash in an emergency. The main differences between the two loans are the repayment terms and the fee structure. With a traditional payday loan, your loan principal and fees are due on your next pay day. An installment loan typically is paid back over a longer, set period of time with a set interest rate where you owe nothing after your last payment. 

 

Q: How do installment loans work?

 

A: After you're approved, you pay a specific amount periodically (usually bi-weekly or monthly) with a set interest rate over the lifetime of the loan. Once your repayment schedule is determined you pay back your loan principle and interest over the scheduled period of time. 

 

Q: How long does it take to get an installment loan? 

 

A: If you've been thinking, "I need a fast loan" or "I need money now," Devon Financial is the place to go! We are committed to get you your money as quickly as possible, in some cases, even as soon as the same day!* Funding times vary depending on how you choose to apply. 

Questions about your loan documents?

What does “Amount Financed” mean when it appears in my loan documents? 

 

The Amount Financed refers to the amount of the loan you will receive from Broadway Financial if you accept the loan terms offered to you and sign the loan documents.

What does "Loan Term" mean when it appears in my loan documents?

 

Your loan term is the amount of time where you repay your loan. You may also repay early with no penalty.

What does "Finance Charge" mean when it appears in my loan documents?

 

The finance charge is the dollar amount your loan will cost you, in addition to the amount financed. This is based off of your interest rate, amount financed and loan term.

 

What does "Total of Payments" mean when it appears in my loan documents? 

 

This is the sum of the amount financed and the finance charge. This is the total amount you must repay. 

Ready to start your applications process?

Our loan specialists are friendly, knowledgeable and here to help when you want money for unforeseen needs. Start your application today and get you money as soon as the next business day!

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Broadway Loan Company dba Broadway Financial Services is regulated and audited by the Illinois Department Of Financial and Professional Regulation. To ensure that consumer’s inquiries are handled promptly, courteously, and accurately, some of the phone calls between you and us or any of our affiliates, agents, assigns and service providers, may be monitored and recorded by us and any of our affiliates, agents, assigns and service providers, to enhance service to you. You consent to this monitoring and recording. You agree that Broadway Loan Company, d/b/a Broadway Financial Services, d/b/a Broadway Financial, may from time to time make calls and/or send text messages to you at any telephone number associated with your account, including wireless telephone numbers that could result in charges to you. The manner in which these calls or text messages are made to you may include, but is not limited to, the use of prerecorded/artificial voice messages and/or automatic telephone dialing system. You further agree that Broadway Loan Company, d/b/a Broadway Financial Services, d/b/a Broadway Financial, may send emails to you any email address you provide us or use other electronic means of communication to the extent permitted by law. Consent may be revoked at any time and by any reasonable means.

Our Locations

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3222 W 87th St

Chicago, IL 60652

(773) 925-2575

22 E Adams St

Chicago, IL 60603

(312) 256-8595

6414 N Western Ave

Chicago, IL 60645

(773) 381-2500

3755 N Halsted St

Chicago, IL 60613

(773) 537-2300

©2020, Broadway Financial Services

*Instant funding is not applicable for all debit cards. Subject to system limitations. Some restrictions may apply.