Loans for Bad Credit in Ohio
Managing unforeseen expenses can be challenging, especially for those without a strong credit history. Installment loans from the OppLoans lending platform can provide financial support to Ohioans when they need it most.
The figures above are examples of our lending partner’s typical installment loan offers and do not serve as guarantee of any rates & terms that you may qualify for.
Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
The OppLoans Lending Platform is committed to offering credit opportunities to Ohio residents facing challenges securing loans through traditional channels. Through our bank lending partners, the OppLoans Platform facilitates loans for individuals struggling to fulfill financial obligations with their existing income and assets. The loans available through the OppLoans Lending Platform cater to various needs, including covering expenses for car repairs, home improvements, emergencies, travel costs, and other financial requirements.
Why choose OppLoans for a loan in Ohio?
If your credit history isn't perfect, don't worry – we're here for you! Our dedication to outstanding customer service and financial inclusion enables us to assist those who might find doors closed at traditional financial institutions.
- Easy to Apply: Apply online from start to finish with our simplified application process.
- Same-Day Funding Available: If approved, you may receive money in your account as soon as the same business day!1
- Loan Support At Every Step: Our top-rated Customer Advocates are available to provide support at every step of the application process.
- No Hidden Fees: No origination fees. No application fees. No prepayment penalties.
Rates of our bank lending partners in Ohio
The annual percentage rate (APR) for a personal loan in Ohio offered by our bank lending partners and serviced through OppLoans range from 160% to 179%.4 The OppLoans Lending Platform offers simple interest loans and may be able to work with you to structure a flexible repayment plan.
Visit our Ohio Rates and Terms page for more details.
Do all personal loans in Ohio require a credit check?
Traditional lenders typically require a credit check before approving an installment loan. The OppLoans Lending Platform may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. Neither credit inquiry will appear as a hard credit inquiry on your Experian credit report, and therefore they will not affect your FICO score. The OppLoans Lending Platform makes decisions based on an applicant’s overall creditworthiness.
Our system simplifies the borrowing process for individuals with less-than-perfect credit. Many banks and credit unions will not even consider a loan if your credit score is too low, but our lending partners will.
More About Ohio
Ohio is ranked 7th among the 50 states in the US for Gross Domestic Product (GDP). As of 2023, the unemployment rate was at 3.5%, with state income tax rates of 0%, 2.75%, 3.69%, and 3.75%, plus a state sales tax rate of 5.75%.
Ohio is well known for its manufacturing industry, but it's not the only sector driving its economy. The state also excels in exporting products; in 2023, the value of goods exported from Ohio was $55.8 billion. Its two top exporting commodities are motor vehicles and machinery.
With over 50,000 lakes and ponds, Ohio plays a role in its economy through water-related industries. The state's fishing industry thrives thanks to its locations along Lake Erie and the Ohio River. Cities such as Cleveland and Cincinnati serve as hubs for trade and logistics.
FAQs
Through the OppLoans Lending Platform, Ohio residents with bad credit may qualify for an online personal loan from $500 to $4,000. The platform performs a soft credit check, so applying won't negatively impact your FICO® score.2
Yes. Personal loans, including payday loans, are legal in Ohio. Residents are protected from payday loans by predatory lending laws.
The first step in applying for a loan is to complete our online loan application. To be eligible for a lending product through the OppLoans Lending Platform, potential borrowers must:
- Be 18 years or older
- Have a bank account (checking or savings account)
- Reside in one of the states in which we currently operate
- Have a regular source of income
- Receive income through direct deposit
- Loan Amount: $500-$4,000
- Repayment Term: 9-18 Months4
- APR: 160% - 179%
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