Ohio Payday Loans
Ohio reformed payday lending in 2018 with a 28% APR cap and 91-day minimum term. These are among the strongest consumer protections in the country.
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Ohio payday loans are legal with a $1,000 maximum, 28% APR cap, and 91-day minimum term. The 2018 reform (House Bill 123) made Ohio one of the most borrower-friendly states. A $500 loan over 91 days costs approximately $35 in fees. Borrowers are limited to one outstanding loan. Alternatives include cash advance apps and credit union PALs.
Last reviewed: June 2026 · CashAdvanceFinder.com Editorial Team
Ohio Payday Loan Laws
Ohio payday loans are regulated under the Ohio Short-Term Loan Act (House Bill 123, 2018). The Ohio Department of Commerce licenses and oversees lenders. Key rules:
What Ohio Payday Loans Cost
| Loan Amount | Fees (91 days) | Total Repayment | APR |
|---|---|---|---|
| $300 | $21.00 | $321.00 | 28% |
| $500 | $35.00 | $535.00 | 28% |
| $1,000 | $70.00 | $1,070 | 28% |
Ohio's 28% APR cap makes payday loans significantly cheaper than in most states. Always review the full disclosure before accepting.
Better Alternatives for Ohioans
Cash Advance Apps
Earnin, Dave, Brigit — zero interest, no credit check, same-day funding in Ohio.
Credit Union PALs
Wright-Patt CU, Ohio Educational CU, Kemba CU — APRs capped at 28%, available in Ohio.
Employer Advances
Many Ohio employers offer salary advances at zero cost. Ask your HR department.
Ohio Payday Loan Requirements
Most Ohio lenders require:
- Age 18 or older
- Active US checking account
- Valid government-issued ID
- Regular income (job, benefits, or self-employed)
- Ohio resident address
Ready to explore your options?
Compare cash advance apps and payday loan options in Ohio — free, no credit pull to browse.
Payday Loan Guides by City in Ohio
Explore detailed payday loan guides for major cities in Ohio, including local lenders, rates, and regulations.
Compare Payday Loans by State
Payday loan laws vary significantly by state. Compare regulations, fees, and limits across all states:
Ohio Payday Loan FAQs
Sources: Ohio Short-Term Loan Act (House Bill 123, 2018), Ohio Department of Commerce, Division of Financial Institutions, Ohio Revised Code Chapter 1321.
Disclaimer: CashAdvanceFinder.com is not a lender. This page is for educational purposes only. Laws and regulations change — always verify current rules with the Ohio Department of Commerce before borrowing.