Chicago Students Loans Review

Chicago Students Loans is offered by A.M Money, Inc, a direct lender founded in 2016 and based in Chicago, IL. Chicago Students Loans is available in 5 states across the USA.

What rates does Chicago Students Loans offer for in-school private student loan?

It offers a fixed APR that ranges from 7.08% up to 8.85%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from Chicago Students Loans?

Available loan amounts may vary by applicant and offers loans up to 50K.

Does Chicago Students Loans charge an origination fee?

Yes, Chicago Students Loans charges a loan origination fee starting at 4.5% of the loan amount. Chicago Students Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Chicago Students Loans charge prepayment fees?

Yes, Chicago Students Loans charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What terms does Chicago Students Loans offer?

Chicago Students Loans provides repayment terms ranging from to 10 years.

What type of borrowers will Chicago Students Loans consider?

Chicago Students Loans considers loans applications from:

• undergraduate students
• graduate students
• parents of students
• undergraduate degree holders
• graduate degree holders
• parents of graduates

What do you need to qualify for Chicago Students Loans?

Chicago Students Loans does not have or does not disclose a minimum annual income eligibility requirement. Chicago Students Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

U.S. citizens are, of course, eligible for the services offered by Chicago Students Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Government issued photo ID
• Proof of identity