CASH ADVANCE MATH / OHIO
Payday loans in Ohio: rules, costs and cheaper options
Start with the rules. Then compare the full cost of an advance or a credit union loan before deciding.
Ohio borrowing rules
Rules being re-checked
Some official sources were unavailable. Confirm current rules with the regulator before relying on them.
Small installment loans under strict limits
- Maximum loan
- $1,000 per loan
- Fee cap
- Up to 28% yearly interest, plus a monthly fee of 10% of the original amount or $30, whichever is less. Total charges cannot exceed 60% of the original loan.
- Loan term
- Usually 91 days to 1 year
- Rollovers
- No concurrent loan from the same lender or its affiliates.
Shorter terms are allowed only when monthly payments stay within the law’s income limits. The total outstanding short-term principal limit is $2,500 across lenders.
Regulator: Ohio Department of Commerce, Division of Financial Institutions (Consumer Finance section)
The regulator page was unavailable during research. Ohio complaint page is also listed in the source data.
Cheaper options in Ohio
Compare an app's standard delivery cost, then ask a federal credit union about a PAL. Check your eligibility and state availability first.
Last checked Sep 29, 2026. These state rules do not change the calculator's national example.