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Ohio Payday Loans

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Online Payday Loans in Ohio

Payday loans are approved for the state of Ohio 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 take within specified periods of time 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 consumers are paying more than just the capped interest rate. So, if you are in Dayton, Cincinnati, Canton, Akron, Cleveland, Columbus, Springfield, Toledo, Lima, Elyria, Youngstown or in any other city of Ohio, be sure to ask your lender about all costs associated with your loan and remember you are not obligated to accept any loan offer.

 

How Payday Loans Online in Ohio Work

We simplified the process for payday loans online in Ohio. Request for your online payday loan in minutes, without driving around, tons of paperwork, and long waits.

1

Easy Request

Complete our online request. It's quick, easy, and secure.

2

Fast Decision

If you’re accepted you will be connected directly to your lender, usually within 90 seconds or less.

3

Get Your Cash

Cash is deposited in your account in as little as 1 business day.

4

Repay Your Loan

The original loan amount & any fees will be debited from your bank account on the due day.

Eligibility Criteria for Online Payday Loans in Ohio

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 payday loans online in Ohio:

  • 18 years of age or older
  • A legal resident of Ohio with a fixed address
  • Regular employment for the past 6 months
  • An active checking account
  • U.S. citizen or legal resident

Ohio Payday Loan FAQs

How many payday loans can you have in Ohio

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.

Can I get a payday loan in Ohio with bad credit?

Yes, in fact, it is quite common for those with poor credit to be approved for bad credit payday loans in Ohio. 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. Just request for Ohio payday loans at CashOne. Our direct 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.

Can I get a payday loan in Ohio without having a checking account?

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.

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. This means no deposits on weekends and holidays when banks are closed.

Why should I use CashOne for online payday loans 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 payday loans to consumers in Ohio. 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.

Note: We are a referral source with more than a decade of service and 100+ direct lenders in our network to refer you to.

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