Why get an Online Loan in Ohio?
We get it. Sometimes, emergency expenses like medical come up and you need to get cash
immediately. Be that as it may, you don't have the income or credit to put it on your credit card.
Thankfully, getting an online loan in Ohio is quick and easy. It doesn't matter if you live
in Columbus, Cleveland, Cincinnati, or Sandusky, you can you loan deposited the same business day or if applying after 11am, the next business day.
How Much do Online Payday Loans in Ohio Cost?
The maximum annual percentage rate allowed by law in Ohio is 28% APR.
Finance Charges
Often, the APR includes the interest rate plus fees. In Ohio, lenders may charge a maximum
of 28% simple interest per annum.
Representative Example
For example, Simonne has an unexpected medical expense and needs cash
immediately. They can borrow up to $1,000 for up to one year
at 28% APR. The high APR can make this example loan extremely expensive; Simonne will pay back a total of $1,280 including a total of $280 in interest and fees!
What You Need
Before you can get an online loan in Ohio, this is what you will need:
- You must be at least 18 years old
- Valid Ohio driver license or government issued ID
- Checking or savings account
- Most recent pay stub
Terms for Online Payday Loans in Ohio
Maximum loan terms in Ohio:
- Maximum loan amont: $1,000
- Maximum rate, including fees: 28%
- Maximum loan length: $1,000
