Payday Loans in Lemoyne, Ohio

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No payday loan companies in Lemoyne, OH. Consider companies in other cities:

Company nameAddressZip codePhone number
ACE Cash Express 4040 Youngstown-Poland Rd, Youngstown, OH 44514 +1 (330) 788 - 1535
Consumers National Bank - Adena 9 E Main St, Adena, OH 43901 +1 (740) 546 - 3357
LCNB National Bank 1243 Rombach Ave, Wilmington, OH 45177 +1 (513) 932 - 1414
The Community Bank's Heath Lending Center 1102 Hebron Rd, Heath, OH 43056 +1 (740) 522 - 8900
Huntington Bank 215 E Crawford St, Findlay, OH 45840 +1 (419) 429 - 4637
Fast Cash Express Tax Place 1759 N Union St, Lima, OH 45801 +1 (419) 229 - 0900
Geauga Credit Union Inc 14499 N Cheshire St, Burton, OH 44021 +1 (440) 834 - 4327
The Commercial & Savings Bank 91 S Clay St, Millersburg, OH 44654 +1 (330) 674 - 0687
Ohio Savings Bank, a division of New York Community Bank One N Hawkins Ave, Akron, OH 44313 +1 (330) 836 - 9364
Dollar Bank 3630 Center Rd, Brunswick, OH 44212 +1 (234) 803 - 0510

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lemoyne, OH, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Strongsville, OH, Payday Loan Without a Credit Check in Toledo, OH, Payday Loan for Warren, OH, Payday Loans in West Chester, OH, Payday Loans in Westerville, OH, Payday Loans in Westlake, OH, Payday Loan Without a Credit Check in Youngstown, OH and Payday Loan Without a Credit Check in Akron, OH. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Lemoyne, OH.

Are Payday Loans Legal In Lemoyne, Ohio?

Loan Rates and Fees, Laws and Regulations in Ohio.

One good thing with these loans is that they give borrowers time to get back on their feet: while the states allow taking out payday loans for longtime periods, the lenders try not to let their customers pay them more than once. That way, they can avoid losing their money. Usually, you should contact the lender with a new request after avoiding using a loan for 6-12 months. What are the advantages of taking out payday loans? If you're in need of urgent funds to pay for an important expense, these can come as a life-saver: you get money to solve your problems quickly and easily (taking into consideration your location).

What's payday lending in Lemoyne, Ohio? A payday lending institution offers private short-term unsecured loans. You are expected to repay the loan amount along with finance charges within no longer than 365. In other words, you have a job that guarantees you regular income at least monthly, or some stable investment income (if it's greater than interest rate for payday loans) and simple financial status (no overdrafts or unpaid bills). To make sure that you repay your loans on time and lack no essential expenditures, try cutting down non-necessary expenses and save up some money before taking out such financial contracts. Take into consideration your financial situation while choosing one: make sure that there's no other way to come by urgent money and avoid borrowing too much by taking out several payday loans.

Payday lending is legal in Lemoyne, Ohio. There's a default limit of $1,000 in Lemoyne, Ohio, so take out several payday loans if needed. The maximum finance charges are 28% per annum (APR).

Ohio Loan Regulations

Legal StatusLegal (at a low cost)
Interest Rate (APR, %)28
Maximum Loan Amount$1,000
Minimum Loan Term91 days
Maximum Loan Term1 year
Number of Rollovers Allowed0
Finance Charges0.28

Lemoyne, OH payday loan calculator

Payday Loans in Lemoyne, Ohio: Everything You Need to Know

If you live in Lemoyne, Ohio and you’re facing unexpected expenses, a payday loan may be a viable option to consider. Payday loans are short-term loans that can help you get the cash you need quickly. However, it’s important to understand the risks and costs associated with payday loans before deciding if it’s the right choice for you.

How do payday loans work in Ohio?

Payday loans are legal in Ohio, but there are certain restrictions in place that aim to protect consumers from abusive lending practices.

In Ohio, payday loans cannot exceed $1,000, and the term of the loan must be between 91 and 365 days. The interest rate for a payday loan in Ohio is capped at 28% APR, and lenders are also limited by strict regulations.

What are the costs associated with payday loans in Ohio?

When you take out a payday loan in Ohio, you can expect to pay fees and interest charges. For example, let’s say you borrow $500 and the loan term is for two weeks. In Ohio, lenders can charge a maximum interest rate of 28% APR. This means that you’ll pay approximately $21.92 in interest charges. You’ll also have to pay fees, which can vary depending on the lender and the loan amount. In some cases, you may have to pay up to $30 in fees for a $100 loan.

It’s important to remember that payday loans are meant to be short-term solutions, and that the costs can add up quickly if you’re unable to repay the loan on time.

What are the risks associated with payday loans?

While payday loans can be helpful in certain situations, they also come with risks that you need to consider before taking out a loan. These risks include:

  • High interest rates and fees: As we mentioned, payday loans can be expensive, and the costs can add up quickly if you’re unable to repay the loan on time.
  • Debt traps: Since payday loans are designed to be short-term, they often require repayment in full on your next payday. However, if you’re unable to repay the loan, you may be tempted to roll it over into a new loan. This can create a cycle of debt that’s difficult to break free from.
  • Impact on credit: Payday loans are typically not reported to credit bureaus, so they won’t help you build your credit. However, if you’re unable to repay the loan, it could negatively impact your credit score.

How to apply for a payday loan in Lemoyne, Ohio

If you’ve decided that a payday loan is the right choice for you, it’s important to choose a reputable lender. TheGuaranteedLoans can help you connect with lenders who follow Ohio’s laws and regulations.

Applying for a payday loan is typically a simple process that can be completed online. You’ll need to provide personal information, such as your name, address, and employment status. You’ll also need to provide banking information, so the lender can deposit the funds directly into your account if you’re approved. Most lenders will require proof of income and a valid ID as well.

It’s important to carefully read and understand the terms and conditions of the loan before submitting your application. Make sure you’re comfortable with the costs and the repayment terms before agreeing to the loan.

Interesting Facts and Statistics about Payday Loans in Lemoyne, Ohio

  • In 2019, the average payday loan amount in Ohio was $318.
  • On average, Ohioans take out 10 payday loans per year.
  • The APR for payday loans in Ohio is lower than the national average, which is around 400%.
  • Ohio is one of 32 states that allow payday lending.
  • As of 2021, there are over 1,000 payday lending storefronts in Ohio.

Apply Now

If you’re in need of a payday loan in Lemoyne, Ohio, TheGuaranteedLoans can help connect you with potential lenders who operate within Ohio’s regulations. We are not a direct lender, but a connector service that works with licensed and reputable lenders in Ohio. Fill out our online application form today to get started.

Remember, payday loans can be helpful in certain situations, but they also come with risks that you need to consider before taking out a loan. Make sure you understand the costs and the repayment terms, and only borrow what you can afford to repay.

F.A.Q.

What are the maximum interest rates and fees that can be charged on payday loans in Lemoyne, Ohio?

The maximum interest rate that can be charged on payday loans in Lemoyne, Ohio is 28% per year, which is equivalent to a maximum APR of 791% for a 14-day loan. The maximum fee that can be charged for a payday loan in Lemoyne, Ohio is $15 per $100 borrowed, or $30 for loans of $500 or more.

Can I have more than one payday loan at a time in Lemoyne, Ohio?

Yes, you can have multiple payday loans in Lemoyne, Ohio at the same time, but the total amount of outstanding payday loans cannot exceed 25% of your gross monthly income.