Best Personal Loans Ohio, Payday, Auto Title Laws of February 2024

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Last Update: November 2, 2022 Loans By State
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Chapter 4712 of the Ohio Credit Services Organization Act mandates a $5,000 minimum for installment loans issued within the state. APRs cannot exceed 28%, and licensed lenders must offer more than one-year repayment terms.

Specifically, the Act states:

  • “No credit services organization shall sell, provide, or perform any of the services authorized under division (C)(1) of section 4712.01 of the Revised Code in connection with an extension of credit that meets any of the following conditions:
  1. The amount of credit is less than five thousand dollars.
  2. The repayment term is one year or less.
  3. The annual percentage rate exceeds twenty-eight percent.”

Best Bad Credit Loans in Ohio of February 2024

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Ohio:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Ohio:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Ohio:

Yes