Payday loans are approved for the state of Ohio but there are some general rules that the state requires lenders to follow. They are:
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 consumers 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.
We simplified the process. Apply for your payday loan online in minutes, without driving around, tons of paperwork, and long waits.
Complete our online application. It's quick, easy, and secure.
If you’re accepted you will be connected directly to your lender, usually within 90 seconds or less.
Cash is deposited in your account in as little as 1 business day.
The original loan amount & any fees will be debited from your bank account on the due day.
Eligibility for a payday loan does vary by state but Ohio is very similar to most states. But, again, ask your lender if you have any questions.
Here are some of the basic criteria for getting a payday loan in Ohio:
CashOne has been a trusted leader in providing a large network of lenders (over 100+) for over 10 years. 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 provides an approval rate of more than 80% of applicants.
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 you can pay back your loan and stability is a major factor in determining the risk if they lend to you.
Typically, if you are approved, it takes one (1) business day to have your cash deposited to your account. This means no deposits on weekends and holidays when banks are closed.
Yes, in fact, it is quite common for those with bad credit to be approved for a payday loan. This is because the most important criteria is having a steady job or income and an active bank account. Lenders assume your credit is not great and are willing to work with you.
Generally, you cannot get a loan without an active checking account. Lenders do not issue checks but instead deposit money directly into your account. They can’t do this if you do not have an account.
Every state has different rules about this including Ohio. Because these rules can change at any time it is recommended you check the state website for the latest rules. There is a limit currently in place for the state of Ohio.