Payday Loans Marion, OH – Compare Licensed Lenders (2026)

$$1000

Max Loan Amount

Active Lenders

15 min

Approval Time

$36K

Population

Marion, Ohio, situated in the heart of the Buckeye State, is home to 36,011 residents. With a diverse range of industries and an average income of $52,000, Marion offers a robust economic landscape. The cost of living here is 10% lower than the national average, which makes it an attractive place for individuals and families alike. Despite these economic advantages, residents occasionally face unexpected financial needs, making payday loans a viable option for quick cash. However, as the state of Ohio has implemented reforms with a 28% APR cap, understanding the payday loan landscape in Marion is crucial.

About Marion

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

Ohio Payday Loan Regulations

Max Loan Amount:$1,000

Max Term:12 months minimum

Typical APR:28% (short-term loan law applies)

Finance Charge:Interest-based (28% APR cap)

Regulatory Body:Division of Financial Institutions

Ohio passed the Fairness in Lending Act in 2018, capping APR at 28% and requiring minimum loan terms of 90 days.

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

Where to Find Payday Loans in Marion

Currently, Marion lacks any local storefront payday lenders. Residents seeking payday loans will need to turn to online options, as the city does not have any active lenders. The absence of physical locations doesn't limit access; instead, online lenders offer a convenient alternative. While there are no active lenders in Marion, Ohioans can still apply for payday loans from reputable online services that adhere to state regulations. However, it's essential for applicants to ensure these lenders comply with Ohio's maximum loan amount and APR guidelines.

Compare Lenders in Marion

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Marion

Calculation

Loan Amount: $$500

Term: $14 days

APR: $28%

Fee: $$5.37

Total Repayment: $$505.37

Effective APR: $28.0%

⚠️ Important Notes

✓ For Marion residents earning $$52,000, this payment is 1.25% of income
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Marion

✅ Advantages

✓ Process 100% online
✓ Decision in 15 minutes
✓ Available for Marion residents
✓ No collateral required
✓ Early repayment is okay

❌ Disadvantages

✗ Higher APR than traditional banks
✗ No local storefronts in Marion
✗ Credit check required by most lenders

💡 Expert Recommendation for Marion Residents

According to loan expert Rostislav Sikora, Marion's lower cost of living makes short-term payday loans a feasible option for immediate financial needs. Given the city's economic context, it's crucial to consider the loan's affordability. Before signing, compare APRs and ensure that the payment doesn't exceed 35% of your monthly income.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Marion, OH

How do I get a payday loan in Marion, OH?

In Marion, OH, you can apply for payday loans online due to the lack of local storefront lenders. Ensure the online lender follows Ohio's APR and loan amount regulations.

What's the max I can borrow in Marion?

Residents in Marion can borrow up to $1,000 for a payday loan, as per Ohio state regulations.

Can I get approved with bad credit in Marion?

Yes, many online payday lenders serving Marion do not rely solely on credit scores for approval, making it possible even with bad credit.

Are there storefronts in Marion or is it online only?

Currently, Marion does not have payday loan storefronts. Residents need to use online platforms for their loan needs.

How fast can I get money in Marion?

With online lenders, Marion residents can receive funds as quickly as the next business day after approval.

What is the APR cap for payday loans in Marion?

The APR cap for payday loans in Marion is set at 28% under Ohio state law.

Can I repay my payday loan early in Marion?

Yes, most online payday lenders allow early repayment without penalties.

What are the requirements for a payday loan in Marion?

To qualify, you need to be a resident of Ohio, provide proof of income, and have an active bank account.

What happens if I can't repay my loan on time in Marion?

If you cannot repay on time, contact your lender immediately to discuss potential extensions or repayment plans.

Nearby cities in Ohio

Compare options in nearby Ohio cities. Rates and approval times can vary by lender.

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Marion, OH and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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