Yes, payday loans are legal in Ohio. A Pay Day Loan Act was approved by the Legislature in Ohio in 1995, sparking the introduction of payday lending stores in the state. It is also now possible to get payday loans online with options of same day loans and instant cash advances too.

You can borrow money in areas such as Akron, Alliance, Amelia, Columbus, Cleveland, Eaton, Jackson and Wellington to name a few. The maximum loan amount for payday loans in Ohio is $1000, the minimum loan term is 91 days and the maximum loan term is 1 year.


What Is A Payday Loan?


A payday loan lets you borrow money to pay for urgent costs that may arise before your next payday. They are designed to offer borrowers fast cash to pay for an important bill that cannot wait until they receive their next paycheck. Payday loans can then be repaid with interest on the customer’s next pay date. An average payday loan tends to last around 2 weeks, however there are options to borrow for a longer period of time.



Where Can I Get A Payday Loan In Ohio?


You can get a payday loan in Ohio from anywhere across the state. Areas include but are not limited to:

  • Akron
  • Alliance
  • Amelia
  • Archbold
  • Ashland
  • Ashtabula
  • Bedford
  • Bellevue
  • Beloit
  • Belpre
  • Bowling Green
  • Bridgeport
  • Brook Park
  • Cleveland
  • Fairfield
  • Geneva
  • Hubbard
  • Lucas
  • Lucasville
  • Madison
  • Marion
  • Troy
  • Uhrichsville
  • Urbana
  • Van Wert
  • Vandalia
  • Wadsworth
  • Wapakoneta
  • Warren


What Are The Payday Loan Regulations In Ohio?


According to, the following payday loan laws and legislation applies:

Are Payday Loans Legal? Yes
Maximum Loan Amount $1,000
Minimum Loan Term 91 days
Maximum Loan Term 365 days
Interest Rate (APR) 28%
No. of Rollovers Allowed 0
No. of Outstanding Loans Allowed 0
Finance Charges 28%
Restrictions No more than $2,500 borrowed amount from all lenders
Statute of Limitations 8 Years Since Last Payment
Database Loan Tracking No


Where Are Payday Loans Legal?


Payday loans are legal in 37 states including Alabama, Colorado, Illinois, Iowa, Kentucky and Texas. You can also borrow payday loans in California, Florida, Louisiana and Tennessee.



Where are Payday Loans Illegal?


Payday loans are currently illegal in 13 states. This includes Arizona, Arkansas, Connecticut, New Jersey and West Virginia. To those wondering “Are Payday Loans Legal In NY”, the answer is also no.


Are Payday Loans Legal In Georgia?


Payday loans are not legal in Georgia. The state terminated payday lending practises in 2004 when it put a 10% APR cap on small loans. As a result, there are currently no payday lenders in Georgia and predatory high-cost lending is considered a felony which can be criminally prosecuted. Whilst certain businesses and companies have a legal right to give small cash loans, they have to comply with strict regulations from the Georgia Payday Lending Act.

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