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Payday Loans in Ohio

Compare licensed lenders • Check OH regulations • Apply online

Last updated: June 2026

Max Loan
$1,000
Cities Covered
3
Legal Status
Legal (Reformed in 2018)
Population
11,799,448

Ohio Payday Loan Regulations

Max Loan Amount:$1,000
Max Term:91 days
Typical APR:667%
Cooling-Off:1 day(s)
Rollover Allowed:No

Ohio allows short-term loans up to $1,000 for 91 days maximum. 1-day cooling-off period required. Typical APR 667%.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

About Payday Loans in Ohio

Ohio enacted the Fairness in Lending Act in 2018, banning traditional payday loans and capping APR at 28% for small-dollar loans.

Ohio's economy is anchored by manufacturing, healthcare, education, and financial services. Major cities: Columbus, Cleveland, Cincinnati, Toledo.

Key Regulations:

  • Traditional payday loans banned since 2018
  • 28% APR cap applies to all small-dollar loans
  • Minimum 12-month term for loans under $1,000
  • Fairness in Lending Act protects consumers
  • Only licensed lenders – check state database

Regulatory Authority: Division of Financial Institutions
Official Website: https://com.ohio.gov/divisions/division-of-financial-institutions

Representative Example APR in Ohio

Payday and small-dollar loan costs vary by lender, amount, and state rules. The example below shows how fees can translate into APR on a short-term loan.

Loan amount Term Fee per $100 Total repayment Equivalent APR
$500 14 days $15 $575 391%

Example only. Actual APR and total repayment in Ohio depend on lender pricing, term length, and state compliance limits.

Cities in Ohio

Columbus

Pop: 905,748

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Cleveland

Pop: 372,624

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Cincinnati

Pop: 309,317

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Browse all 3 city pages in Ohio
Columbus Cleveland Cincinnati

Frequently Asked Questions – Ohio

Are payday loans legal in Ohio?
Yes, payday loans are legal (reformed in 2018) in Ohio. The state is regulated by the Division of Financial Institutions, which oversees all payday lenders. Traditional 2-week payday loans are banned. Only longer-term installment loans (12+ months) allowed under 28% APR cap.
What is the maximum payday loan amount in OH?
The maximum payday loan amount in Ohio is $1,000. Finance charges are capped at Interest-based (28% APR cap). Always verify with your lender before applying.
How long do I have to repay a payday loan in Ohio?
In Ohio, payday loans typically have a maximum term of 12 months minimum. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in OH?
Traditional 2-week payday loans are banned. Only longer-term installment loans (12+ months) allowed under 28% APR cap.
How do I find licensed payday lenders in Ohio?
All payday lenders in Ohio must be licensed by the Division of Financial Institutions. You can verify a lender's license at https://com.ohio.gov/divisions/division-of-financial-institutions. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in OH?
Most Ohio payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Ohio?
In Ohio, the maximum APR is 28%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in OH?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

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Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Ohio may change. Always verify current regulations with the Division of Financial Institutions before applying. Credizen is a comparison platform and we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you are matched with.

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