Payday Loans in Ohio (OH)

Searching for a trusted lender to bail you out? We have listed all top lenders in the industry in Ohio for you to choose from. Just have a look of the list and pick out the one that solves your financial problems.

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      Personal Loans
      4.9
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      • Various personal loan options
      • Loan amount up to $35000
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      Bad Credit Loans
      4.8
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      • Ideal for borrowers with bad credit
      • No collateral needed
      • Flexible repayment terms
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      • Decision as fast as several minutes
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    15 Best Payday Loans & Cash Advance in Ohio (OH)

    We present you with a list of all lenders who can give you fast money in Ohio. To meet your urgent need of money, please have a carefull review of the list and see whether these lenders meet your requirements.

    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (4194)
      • Address:
      • 8131 Smith's Mill Rd, New Albany, OH 43054, United States
      • Phone:
      • +1 888-509-8301
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (2402)
      • Address:
      • 1901 Whipple Ave NW, Canton, OH 44708, United States
      • Phone:
      • +1 330-546-7411
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (1274)
      • Address:
      • 633 Chestnut Commons Dr, Elyria, OH 44035, United States
      • Phone:
      • +1 440-281-9797
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (1165)
      • Address:
      • 5961 Andrews Rd Suite A & B, Mentor-On-The-Lake, OH 44060, United States
      • Phone:
      • +1 440-368-0888
      • Open hours:
    • 5
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (1004)
      • Address:
      • 6817 Pearl Rd #06, Middleburg Heights, OH 44130, United States
      • Phone:
      • +1 440-663-0070
      • Open hours:
    • 6
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (7665)
      • Address:
      • 886 N High St Suite 200, Columbus, OH 43215, United States
      • Phone:
      • +1 844-552-7621
      • Open hours:
    • 7
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (786)
      • Address:
      • 4350 OH-128 Suite G, Cleves, OH 45002, United States
      • Phone:
      • +1 513-353-0941
      • Open hours:
    • 8
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (703)
      • Address:
      • 2320 W Michigan St, Sidney, OH 45365, United States
      • Phone:
      • +1 937-492-1291
      • Open hours:
    • 9
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (673)
      • Address:
      • 2336 S Reynolds Rd, Toledo, OH 43614, United States
      • Phone:
      • +1 419-865-5474
      • Open hours:
    • 10
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (667)
      • Address:
      • 1256 Bellefontaine St, Wapakoneta, OH 45895, United States
      • Phone:
      • +1 419-738-2193
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (578)
      • Address:
      • 1312 Mt Vernon Ave Suite #4, Marion, OH 43302, United States
      • Phone:
      • +1 740-389-2090
      • Open hours:
    • 12
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (572)
      • Address:
      • 991 Ashland Rd, Mansfield, OH 44905, United States
      • Phone:
      • +1 419-589-2444
      • Open hours:
    • 13
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (547)
      • Address:
      • 2432 W State St, Alliance, OH 44601, United States
      • Phone:
      • +1 330-680-6000
      • Open hours:
    • 14
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (506)
      • Address:
      • 6593 N Ridge Rd, Madison, OH 44057, United States
      • Phone:
      • +1 440-607-4044
      • Open hours:
    • 15
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (506)
      • Address:
      • 1600 S Raccoon Rd UNIT 3, Youngstown, OH 44515, United States
      • Phone:
      • +1 330-799-8500
      • Open hours:
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    Ohio Payday Loans Regulations

    • Loan Amount (max)

      $1000

    • Loan Term (max)

      1 year

    • Finance Charges

      28%

    • APR
      28%

    Applying for a payday loan in Ohio is Legal. There is a $1000 amount limit offered by the lenders. A payday loan in this state can be taken for a period of not longer than 1 year. The maximum finance charge is 28%, and the APR is 28%.0 rollovers are allowed according to the law.There are 0 cooling-off periods between two consecutive loans. The number of outstanding loans shoud be less than 0.

    How Much Can a Borrower Get with a Payday Loan in Ohio?

    Borrowers can’t get over $1,000 and apply for more than one payday loan at a time in Ohio according to the Ohio Rev. Code Ann. 1321.35 et seq.

    The Cost of a Payday Loan in Ohio

    • APR of more than 28% is forbidden in Ohio.

    Under 15 U.S.C. §,1606 interest may be calculated provided that it does not exceed an APR of 28%.(Ohio Rev. Code Ann. 1321.35 et seq.)

    Yet APR for payday loans could amount to 677% until recently (According to the Center for Responsible Lending 2019

    • Presently, the cost of the loan (including the fees and interest) is not allowed to be more than 60% of the loan’s original principal.
    • A monthly maintenance fee can be charged by lenders, which is the lesser of 10% of the loan’s principal or $30.
    • Lenders can get 2% origination charge for a loan of $500 and more; no interest is charged on the loan origination charge.
    • Lenders should comply with an ability-to-repay (ATR) requirement in case of loans under 90 days. Therefore, over 7$ of a borrower’s monthly net income or 6$ of gross income for a monthly payment is forbidden, whichever is greater.

    With a 91 days term:

    APR: 677%

    Loan cost: $100* 677%* (91/365)=$168.8

    To return: Principal+Loan cost=$100+$168.8=$268.8

    How Long Should Borrowers Repay a Payday Loan in Ohio?

    • Borrowers can get the loans for a period from 91 days to 1 year.
    • Ohio forbids rollovers.

    Consumer Information

    Attention

    Lenders don’t need to check borrowers’ ability to pay back a loan from July 2020. Your financial situation should be evaluated in order not to get into a debt trap. The CFPB changed the rule.

    • Now borrowers can’t have more than a $2,500 outstanding principal across several loans.
    • The State of Ohio prohibits criminal charges.
    • According to the Ohio Rev. Code Ann. 1321.35 et seq., if the person is an active duty member of the United States armed forces, or if they are a dependent of an active member of the armed forces, licensed lenders may not charge or receive monthly maintenance fees from the customer.

    If there is any assistance concerning payday loans or other lending issues, you can contact the Ohio Division of Financial Institutions.

    Get Ohio Payday Loans by Cities

    Here is a list of main cities in Ohio below. Click on the city to know more about payday loan lenders in the city.

    View More Cities →

    Calculator for Ohio Payday Loans Estimate

    Utilize the calculator below to keep yourself informed about the estimated total costs of a payday loan in Ohio.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

    Ohio Payday Loans at Your Surroundings

    Check `n Go
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (1008)
    Loan agency
    Nations Lending
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (894)
    Mortgage lender
    Advance America
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (438)
    Financial institution
    Day Air Credit Union
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (748)
    Credit union