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Loan Laws and Regulations

Ohio loans as well as other short term cash advance are regulated by the state of Ohio Payday Loan Law. According to the Ohio Revised Code, Title [13] XIII, Payday Loans are legal for Ohio residents and the following amounts and terms are set. Interest rate is capped too.

MAX Loan Amount $1000
MAX APR 28.00%
Repayment Terms 91 days - 1 year
Eligibility Criteria
  • US residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address

So, for 14-day $100 Loan you'll be charged $1.08 fee and 28% APR. You can get maximum 1 Payday Loan in Ohio at a time. 4 loans are allowed during the year. No rollovers are permitted. However, you can apply for a repayment plan for 60 days. Besides, there's a cooling-off Period of 90 days between 2 consequent loans.

Any criminal action against borrowers are prohibited in Ohio. For any violations contact the Ohio Department of Commerce.

Why are Loans so Easy to get?

Getting a Payday Loan online is easy and convenient for Ohio residents due to a number of benefits.

  • It saves you time
  • You apply from home without any driving or waiting
  • The application requires only basic personal information
  • You can get the loan even with a very low credit
  • You get an approval decision in a few minutes
  • The funds can be deposited into your bank account the same day, or the next business day
  • All the process is fast, easy, and confidential

Get a Loan in 3 Easy Steps!


Start an online application

To apply for a Payday Loan online in Ohio start with filling out a simple application form that requires you to state your name, last name, e-mail address for verification, and the amount of the loan you need.


Get instant Decision from a Payday Lender

Then, a direct lender processes your personal information and makes a decision whether to approve you for this amount or not and what rates and terms to offer.


Approved applicants receive same day Payday Loans

In most cases you get instant approval and the money is deposited into your bank account the same day, or maximum in 1 - 2 business days depending on the time when you submit a loan request and how your bank works.

What are requirements for Ohio residents?

Any resident of Ohio who meets the following simple eligibility criteria and can provide these documents is likely to get approved for fast Payday cash advances:

  • A borrower must be over 18 years of age;
  • He needs an active banking account for money deposit and automatic loan repayment;
  • A valid e-mail address is required to verify your information;
  • You need to provide proof of your ID and income.

Payday Loans for Bad Credit Ohio residents

Payday Loans for bad credit are short term unsecured type of personal loans for borrowers with both good and poor credit. Most Ohio lenders offer up to $1000 fair credit Payday Loans to applicants with less-than-stellar credit scores. In most cases, your creditworthiness is determined on the basis of your income and other factors. A lot of lending companies don’t even do a credit check. Thus, you may be able to get a Payday Loan with no credit check. However, direct lenders may often do at least a soft inquiry to make a loaning decision.

Can I get a Loan with no credit check in Ohio?

Choose online Loans in Ohio and you'll be surprised how easy it is to find a company offering instant cash with no hard credit check. As most lending companies provide emergency Loans regardless of your rating they don't bother to check your reports from the major credit bureaus, or from the Teletrack. A soft inquiry may be enough to make sure that you are safe to lend money to. If you have a stable income and no outstanding debts, it assures the lender that you shall repay the money on time.


Select your city to find the best Payday lenders near you