Payday Loan 
Title Loan 
Personal Loan 
Business Loan Personal loans are a flexible means of acquiring cash without collateral. They are legal and popular in Ohio, including Rome, and are available to individuals for a variety of financial needs.
What are personal loans?
Personal loans are unsecured loans provided to a borrower without requiring collateral. These loans can be used for a variety of purposes, such as paying off credit card debts, consolidating bills or financing a large purchase.
The loan amount, interest rates and fees are dependent on the individual’s credit score, employment history and other financial factors. The borrower then pays back the loan amount in monthly installments over a set period of time, usually between 12 to 84 months.
One of the advantages of personal loans in Rome, Ohio is the flexibility of usage. This loan is not tied to a specific need like car loans or mortgages, and borrowers can use the funds as they see fit.
Eligibility requirements for personal loans in Rome, Ohio
In order to be eligible for personal loans in Rome, Ohio, a borrower must meet the following requirements:
- Be 18 years or older
- Have a social security number
- Earn a regular income and have a minimum credit score of 580
Keep in mind that the applicant’s credit score and financial history will impact the interest rate and loan amount they receive. Applicants with lower credit scores may have higher interest rates or lower loan amounts, while those with better credit histories can get the best rates and larger loan amounts.
The application process for personal loans in Rome, Ohio
The process of applying for personal loans in Rome, Ohio is quick and easy. Applicants can apply online with TheGuaranteedLoans, which will connect them with possible lenders.
Applicants will be required to provide personal information, including their name, address, employment status and income information. They may also be asked to provide financial documents such as bank statements and tax returns to verify their income. It is important to have this documentation ready before applying to make the process quicker and smoother.
The application process usually takes 10-15 minutes to complete with a response within minutes. If approved for a loan, the funds are then directly deposited into the borrower’s bank account within 1-2 business days.
Interesting facts and statistics about personal loans in Ohio
- In 2018, there were over 1.84 million personal loans issued in Ohio for a total of $10.5 billion.
- Ohi residents have an average credit score of 677, ranking the 21st in the United States.
- 29% of Ohio residents have a credit score under 630, a ranking of subprime or poor.
Personal loans are a popular form of lending in Ohio and the country. 83% of personal loans are used for debt consolidation in Ohio, while 36% are used for home improvement or other purposes.
Apply now for personal loans in Rome, Ohio
If you are in need of financial assistance, TheGuaranteedLoans can help you find a personal loan lender in Rome, Ohio. Fill out our easy-to-use application process online and receive fast responses with customized loan options. Remember, we are a connector service and work with many different lenders to find the best option for each borrower.
Apply now and get started on the path towards financial freedom and stability with personal loans in Rome, Ohio.