Things to Consider If Requesting Payday Loans in Ohio

One of the reasons for getting a payday loan is you have poor or bad credit. It is common for those with bad credit to be approved for a payday loan. This is because the most important basis is to have a steady job and income and an active bank account. Lenders assume that your credit is not great and are willing to work with you.

Online payday loans Ohio

Reasons for Getting an Online Payday Loan for Ohio Residents

The most common reason for requesting an online payday loan in Ohio is you have an unexpected emergency. This could be a car breakdown, medical emergency, or other unexpected costs that you cannot cover. You likely already exhausted your credit cards, asked family or friends for help, and could not find any other way to cover the cost.

However, you should never get a cash advance loan in Ohio just for spending money.

Benefits of Working with Online Payday Loan Lenders in Ohio

There are several benefits of working with online payday loan lenders in Ohio. Ohio requires lenders to be licensed and reviews their performance and practices. This helps to protect consumers in Ohio from scammers. It also ensures that Ohio residents are only offered loans within the state.


Understanding Costs and Latest Regulations for Payday Loans in Ohio

Ohio payday loans are approved in the state, but there are some general rules that the state requires lenders to follow. They are:

  • The amount of the loan is capped at $500
  • The loan duration cannot be less than 31 days
  • The interest rate is capped at 28% APR
  • The amount due may not be more than 25% of your gross salary
  • The number of loans a borrower may get is restricted

One other key point, most lenders in Ohio are also registered mortgage companies. So, they usually charge a prepaid finance charge in addition to the interest on the loan. What this means is residents are paying more than just the capped interest rate. Be sure to ask your lender about ALL costs associated with your loan and remember you are not obligated to accept any loan offer.

Must Read: Ohio’s New Payday Loan Law Is Here

Here are the basic requirements to apply for a payday loan in Ohio:

  • 18 years of age or older
  • A legal resident of Ohio with a fixed address
  • Regular employment for the past 3-6 months
  • Have an active checking account
  • U.S. citizen or legal resident
  • Not active member of the military

Where can I get a payday loan without a credit check in Ohio?

Simple, just apply at CashOne. Our lenders rarely use a credit check. What they do check is your employment, checking account, and general stability (how long you have lived at your residence). Lenders want to be sure that you can pay back your loan and stability is a significant factor in determining the risk if they lend to you.

How long does it take for a payday loan to be deposited?

Typically, if you are approved, it takes one (1) business day to have your cash deposited to your account. It means no deposits on weekends and holidays when banks are closed.

Why You Should Use CashOne for Payday Loans Online in Ohio

CashOne has been a trusted leader for over ten years and provides a large network of lenders (over 100+). We take pride in selecting only the best lenders and lender networks; we can find who are eager to provide loans to consumers. This saves you time and money. No driving around to storefronts. And, much higher odds of obtaining approval. Our network of lenders has successfully approved more than 80% of applicants.

So, in need of immediate cash?  CLICK HERE to get started NOW!



Robin Williams

Robin Williams is the General Manager at CashOne, a reputable financial services company that helps consumers tide over their short-term financial crises. Our fast, convenient, and secure online loan application eliminates the unnecessary hassles or time required to procure payday loans online.

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