Top Lenders In Ohio – Personal Loans (2018)

Amount & Length

Max: $35,000

3 mth to 6 yr

Individual rates

Decision in 90 min


Max: $25,000

6 mth to 15 yr

Individual rates

Decision in 90 min

Good credit is not needed

Personal Loans In Ohio Information

Personal loans are of course subject to many federal regulations, but individual states also issue specific laws to protect consumers. The same holds true for Ohio, where loans are regulated either by the Division of Financial Institutions (DFI). Before choosing your next personal loan, it is important to familiarize yourself with Ohio-specific guidelines so that you can make an informed decision about the best type of loan for your financial situation.


Financial institutions offer consumers personal loans, allowing them to borrow money upfront and then repay the funds with interest over a set period of time. While there are a number of different types of loans available for borrowers, the most typical ones include general personal loans, car loans, student loans, and payday loans.
When selecting the type of loan that best suits your needs, consider some of these factors:

  • Your credit history
  • How fast you need the money
  • How much money you would like to borrow

You’ll find the lowest interest rates with general personal loans and you can often get a repayment period lasting multiple years. To qualify, however, you will need at least average credit. You can use either a bank or a car dealership for an auto loan, while both federal and private lenders offer student loans.

Payday loans are short-term personal loans for borrowers who quickly need a small amount of money. Credit standards are typically much lower for payday loans than other personal loans.

Laws and Regulations

The DFI regulates all types of lenders in Ohio, including:

  • Banks
  • Credit unions
  • Check cashers
  • Credit services organizations
  • Insurance finance companies
  • Pawnbrokers
  • Precious metals dealers
  • Mortgage brokers
  • Short term loan companies
  • Small loan companies

If you have any questions about these types of lenders or whether your lender is licensed to do business in the state of Ohio, do not hesitate to contact the DFI.