Personal Loans in Monclova, Ohio

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No personal loan companies in Monclova, OH. Consider companies in other cities:

Company nameAddressZip codePhone number
Cashland 2037 Woodville Rd, Oregon, OH 43616 +1 (419) 698 - 4214
Nicholas Financial 11255 Reed Hartman Hwy Suite H, Cincinnati, OH 45241 +1 (513) 671 - 4791
Munster Financial 9835 Johnstown Rd, New Albany, OH 43054 +1 (614) 568 - 4050
Advance America 3296 S High St, Columbus, OH 43207 +1 (614) 492 - 8160
Cashland 871 Ashland Rd, Mansfield, OH 44905 +1 (419) 589 - 0230
Chase Bank 331 W Main St, Williamsburg, OH 45176 +1 (513) 985 - 5190
Huntington Bank 215 E Crawford St, Findlay, OH 45840 +1 (419) 429 - 4637
First Bank of Ohio 320 Front St, Marietta, OH 45750 +1 (740) 373 - 4904
U.S. Bank Branch 353 3rd Ave, Chesapeake, OH 45619 +1 (740) 867 - 3101
Empire Bancshares Inc 144 E High St, Hicksville, OH 43526 +1 (419) 542 - 7726

Personal Loan Companies in Nearby Cities

If there are no personal loan companies in Monclova, OH, you can try to find different companies in big cities nearby. Check out the following pages here: Personal Loans in Marion, OH, Personal Loans in Mason, OH, Personal Loans in Massillon, OH, Personal Loans in Mentor, OH, Personal Loans in Middletown, OH, Personal Loans in Newark, OH, Personal Loans in North Olmsted, OH and Personal Loans in North Ridgeville, 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 Monclova, OH.

Personal loans are a legal and popular financial option for individuals in Monclova, Ohio. Whether you’re dealing with unexpected expenses, unforeseen medical bills, or need to consolidate debt, personal loans may be an ideal solution to your financial problems.

What are Personal Loans?

Personal loans are unsecured loans, meaning they are not backed by any form of collateral. Consequently, the loan’s approval depends on the borrower’s creditworthiness and income. Personal loans can be obtained from banks, credit unions or online lenders, making them more convenient for borrowers who require quick financing to cater to their immediate needs.

How do Personal Loans work in Ohio?

Personal loans in Ohio are legal and regulated in accordance with state law. A personal loan is a legally binding agreement between the borrower and the lender. It outlines the terms and conditions of the loan, including the interest rate, monthly repayment amount, and fees associated with borrowing.

In Ohio, the maximum loan amount for personal loans is $35,000. The interest charged on personal loans varies from lender to lender and typically ranges between 6% and 36% per annum. The repayment period for personal loans ranges from 12 months to 72 months.

Benefits of Personal Loans in Ohio

When used responsibly, personal loans offer several benefits, including:

  • No Collateral Required: Unlike secured loans, personal loans don’t require collateral to secure the loan. Therefore, the approval process is faster, and the borrower avoids the risk of losing their assets if they fail to repay the loan.
  • Lower Interest Rates: Personal loans usually have lower interest rates than credit cards and some other types of loans, making them an affordable option for borrowers who require quick financing.
  • Flexibility: Personal loans come in different forms and can be used for various purposes, providing greater flexibility for borrowers.
  • Improved Credit Score: Timely repayment of your personal loan can improve your credit score, making it easier to access credit in the future.

Interesting Facts and Statistics About Personal Loans in Monclova, Ohio

  • Did you know that the average interest rate for personal loans in Ohio as of January 2021 was 9.5%?
  • Research shows that personal loans are the second most popular form of credit in Ohio after mortgages.
  • According to the Consumer Financial Protection Bureau (CFPB), the average personal loan amount in Ohio is $16,868.
  • Ohio’s laws regulating personal loans are designed to protect consumers from unscrupulous lenders. Additionally, the laws require lenders to provide clear information about loan terms, fees, and penalties, enabling borrowers to make informed decisions.

Apply Now

If you’re in Monclova, Ohio, and need a personal loan, TheGuaranteedLoans can help connect you to potential lenders. Our online application process is quick, easy and secure. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We facilitate the connection between borrowers and potential lenders, saving you time and providing a hassle-free borrowing experience.

Apply now for a personal loan, and let TheGuaranateedLoans assist you in securing the financial help you need.

Beautiful sights of Monclova, OH

Personal Loans Available in Monclova, OH By The Following ZIP Codes:

43542, 43538

Monclova, OH personal loan calculator

F.A.Q.

Are personal loans in Monclova, Ohio available for military members?

Yes, personal loans may be available for military members in Monclova, Ohio. Some lenders offer special loan programs for military members, with features such as lower interest rates and flexible repayment options.

What is the difference between a personal loan and a payday loan in Monclova, Ohio?

A personal loan is a longer-term loan that is typically used for larger expenses, such as home renovations or consolidating debt. A payday loan is a short-term, high-interest loan that is designed to be repaid in full on your next payday.