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Title loans in Ohio

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Shir Amram

Written by: Shir Amram

Unlocking the World of Title Loans in Ohio

Looking for information on title loans in Ohio? You’re in the right place.

As an Ohio resident, if you're thinking about whether it's possible to secure legal title loans in Ohio, rest assured, there are options accessible to you!

Title loans offer a quick way to get money if you have bad credit by using your car's value as collateral.

This can be especially helpful when traditional bank loans turn you down due to poor credit history. 

Ohio Flag, USA

Ohio's flag prominently features a distinctive white and red circular O, representing the state's name and location, against a blue background.

Key Takeaways

  • Fast Fund Access: Ohio title loans offer quick access to funds, often on the same business day, for urgent financial needs.
  • Bad Credit Accepted: Even with poor credit, you can qualify for an online title loan in Ohio. Approval is based on your vehicle's value and income.
  • Easy Application: Apply conveniently online from home with a straightforward process, saving time and hassle.
  • Keep Vehicle Use: Maintain possession and use of your vehicle throughout the loan period, ensuring minimal disruption.
  • Repossession Risk: Timely monthly repayment during the loan term is crucial to avoid potential vehicle repossession by the lender.
  • Emergency Use Recommended: Use title loans wisely for emergencies due to their high-interest rates.
  • State Regulations: Ohio enforces regulations to safeguard consumers, ensuring fair lending practices in title loan transactions.
  • Maximum Loan Amount: Title loans in Ohio can range up to $50,000, typically allowing borrowers to access 25% to 50% of their car's worth.

Can You Get a Title Loan Online in Ohio?

Important Notice: Yes, Ohio residents can get cash title loans in Ohio. Although Ohio imposes certain restrictions, lenders continue to extend this service to borrowers. 

For instance, banks under FDIC jurisdiction and exempt from state regulations may administer title loan programs in select states.

Here at Montana Capital Car Title Loans, we present a seamless solution for Ohioans. Simply complete our online request form to attain pre-approval for title loan in Ohio today, free of obligations.

James A. Garfield Monument

Understanding Title Loans in Ohio

Have you ever thought about borrowing money based on your car’s value and still keeping the keys? That’s what car title loans in Ohio are all about. 

Car title loans in Ohio are a type of secured loan where your vehicle’s title serves as collateral. This works perfectly for those who need same day cash but don’t have the best credit score. 

The beauty of auto title loans is that they are less concerned with your credit history and more interested in the value of your car and your ability to repay the loan.

So, How Does It Work?

  1. Vehicle Evaluation: We assess your car's value to determine your loan amount.
  2. Documentation: Send us the necessary documents- car title, ID, proof of income.
  3. Loan Terms: We'll detail the loan amount, interest rates, fees, and repayment schedule.
  4. Agreement Signing: Agree to terms, sign loan agreement with car title as collateral.
  5. Funds Payout: Once approved, you'll receive the loan amount, often on the same day.
  6. Repayment Plan: Make regular payments according to the agreed schedule.
  7. Title Return: Upon full repayment, we'll return your car title, lien-free.

For those struggling to meet traditional bank loan requirements, online title loans offer a viable alternative for short-term financial assistance.

Eligibility Criteria and Requirements for Online Title Loans

Understanding the eligibility criteria and requirements is crucial. Here's what you need to know before applying for an Ohio car title loan.

What Your Online Title Loan in Ohio Amount Is Based On?

When determining your online title loan amount, several factors are considered. These factors primarily revolve around the value of your vehicle and your financial stability.

1. Vehicle Value Outweighs Credit Score:

Your credit score doesn't play the primary role in determining eligibility for a car title loan in Ohio. Instead, lenders focus on the equity and value of your vehicle. 

To qualify, you must have a clear car title with no outstanding liens, indicating full ownership of the vehicle. Typically, you can borrow a percentage, usually between 25% and 50%, of your vehicle's equity.

2. Income and Identification:

Your income holds significant weight when applying for an Ohio car title loan. A higher and stable income can increase your chances of approval and potentially allow you to access a larger loan amount. While proof of employment may not always be required, having a steady income source is recommended. Additionally, you'll need valid identification, typically your driver's license, for verification purposes.

What Documentation Is Necessary for Obtaining a Car Title Loan in Ohio?

For Ohio car title loans, meeting specific criteria is essential. To apply, you'll typically need:

  • A clear car title
  • Valid photo identification
  • Proof of residency
  • Proof of income
  • Documentation of insurance

The Online Application Process for Ohio Title Loans

The online title loan process for Ohio title loans is easy as pie. You don’t have to leave the comfort of your home to get it done. The idea is to make the process fast and convenient, and the beauty of online title loans is that they are designed to give instant approval.

The Online Application Process for an Online Title Loans Comprises 3 Steps: 

  1. Submitting Your Title Loan Application

The first step in your journey to an auto title loan online is to apply online and submit your title loan application. You can either apply online or over the phone, and it usually takes just about five minutes. 

In your application, you’ll need to provide:

  • Your full name
  • Contact information
  • Key car details such as:
    • Make
    • Model
    • Year
    • Mileage
  1. Vehicle Assessment

After you submit your application, the next step in the online title loan process is the vehicle assessment. Your vehicle's value is vital in deciding the loan amount you qualify for.

Avoid in-person visits by using your smartphone or camera.

Capture clear photos or create a short video highlighting your car's features.

Easily share these visuals online.

  1. Loan Agreement and Funding

Upon the completion of your vehicle’s assessment, you’ll proceed to finalize the loan agreement. The loan agreement outlines the terms of the loan, including:

  • Loan amount
  • Interest rate
  • Repayment schedule

It’s important to read and understand the agreement before signing.

After the lending contract is finalized, you may receive your funds in less than one business day.

Moreover, if you finalize the loan agreement before 2 pm on a business day in the lender's time zone, you may receive the funds on the same day.

The very last part- select how you'd like to receive the loan:

  • Direct deposit to your bank account
  • Pickup in person at our branch
  • Transfer via MoneyGram at Walmart.

Lender's Tip: 

Our car title loan application process is designed to be simple and straightforward. We recommend using the funds judiciously, reserving them for emergencies due to the high interest rates associated with these loans. 

Additionally, take advantage of the convenience of online applications. You can submit your loan request from anywhere, at any time, making the process as stress-free as possible.

National Museum of the USAF

Advantages of Choosing Title Loans in Ohio

Choosing online title loans in Ohio comes with numerous advantages:

  • Rapid Fund Access: Gain swift access to funds, typically within the same business day, ensuring you address your financial needs promptly.
  • Poor Credit Approval: Despite having a low credit score, you can still qualify for a title loan in Ohio, offering relief to those with challenging credit histories.
  • Effortless Application: Enjoy the convenience of a simple and straightforward application process, completed entirely from the comfort of your home.
  • Vehicle Retention: Keep possession and use of your vehicle throughout the loan repayment period, allowing you to carry on with your daily activities without disruption.

Navigating Ohio Title Loan Laws and Regulations

Despite the numerous benefits of title loans in Ohio, it’s critical to understand the governing laws and regulations.

Title loans in Ohio are regulated by two main authorities: 

  1. The Ohio Department of Commerce Division of Financial Institutions
  2. The Ohio Revised Code (ORC) Section 1321

These regulations aim to safeguard consumers from predatory lending practices. 

The Consumer Finance Section of the Ohio Department of Commerce oversees non-depository consumer lenders, including title loan providers. This means that the state has jurisdiction over the regulation of title loans in Ohio. 

Understanding these laws is crucial for borrowers to ensure they are protected and treated fairly throughout the loan process.

Check Out This Table for Ohio Title Loan Laws:

LicensingTitle loan lenders must be licensed
Loan AmountMaximum of $500
Interest RateCap of 28%
TermMaximum of 30 days
DisclosureClear and accurate loan terms and APR

Potential Drawbacks of Ohio Title Loans

Considering the potential downsides of Ohio title loans, it's crucial to understand the risks involved before securing one. Despite their convenience, title loans come with certain drawbacks that borrowers should be aware of.

Repaying Your Auto Title Loan

The process of repaying your title loan is simple and direct. You’ll be required to make regular payments according to the agreed-upon schedule. Most auto title loan providers even have online payment options, making it even more convenient for borrowers.

One of the perks of Ohio car title loans is that you can set up automatic payments. This way, you won’t have to worry about missing a payment and incurring late fees. 

Plus, most lenders do not penalize you for paying off your loan early. So, if you find yourself in a position to pay off your loan before the due date, you can do so without any extra charges.

Alternatives to Title Loans in Ohio

When considering alternatives to car title loans in Ohio, it's important to understand the different options available and their specific terms and conditions. 

Here Are Some Common Alternatives for Borrowers With Bad Credit:

  • Personal loans: Typically offer lower interest rates but require a good credit score.
  • Credit cards: Allow cashless transactions but can lead to high-interest debt.
  • Payday loans: Provide quick cash but come with very high-interest rates.

Tips for Finding the Best Title Loan Provider in Ohio

  • Research Multiple Lenders: Begin by researching multiple lenders to compare interest rates and terms. This step is crucial as it can greatly impact the overall cost of the loan.
  • Read Customer Reviews: Customer reviews can offer valuable insights into the experiences of past borrowers. These reviews can help you identify reputable lenders and avoid potential pitfalls.
  • Verify Lender Credentials: Ensure that the lender is licensed by the Ohio Department of Commerce. Additionally, check their compliance with the state’s Short-Term Loan Act to confirm that they adhere to the legal requirements designed to protect consumers.

Music Mound, Berea, OH


In Ohio, title loans offer a viable financial option for those with low credit, despite certain restrictions. Residents can still legally access car title loans from out-of-state lenders, providing a solution for those in need of quick funds.

We recommend utilizing a car title loan calculator to estimate payments accurately. 

Should you have any questions, our team is here to assist you, whether through online communication or by phone at 800-700-8900.

Frequently Asked Questions

Can You Still Do Title Loans in Ohio?

Yes, it is still possible to get title loans with bad credit in Ohio based on your car's value and income. To confirm your eligibility, simply fill out our online request form

In just minutes, you can receive a response with no obligation whatsoever!

Do Title Loans Affect Your Credit?

Typically, title loans don't impact your credit score. If the lender doesn't conduct a credit check, there won't be a hard inquiry on your credit report. 

Similarly, making timely payments won't positively affect your credit because the lender doesn't report them to credit bureaus.

What is The Highest Title Loan You Can Get?

The highest title loan you can get is up to $50,000. This amount is determined by your vehicle's value and your ability to repay the loan. 

Typically, lenders allow borrowers to borrow between 25% and 50% of their car's value.

Can I Apply for a Title Loan in Ohio if I Have Bad Credit History?

Absolutely! Even with bad credit, you can apply for a car title loan in Ohio. These loans are secured by your car's title, so lenders are less concerned about your credit history. 

Feel free to consider this option if you require financial assistance.

Can I Still Use My Vehicle if I Take Out a Title Loan in Ohio?

Yes, you can continue to use your vehicle as usual while you have a car title loan in Ohio. 

The lender holds the title as collateral, but you retain possession and use of the vehicle throughout the loan term.

What Vehicles Can Serve as Collateral?

We welcome a range of vehicles as collateral for cash title loans, such as:

Our company accepts any of these vehicles as collateral, provided their value meets the loan amount requirement.

Can I Get a Title Loan Without a Bank Account?

Yes, you can typically get a title loan without a bank account. Title loan lenders often accept other forms of payment or disbursement, such as cash or checks.

However, it's essential to check with individual lenders as their requirements may vary.

Shir Amram

Written by

Shir Amram

Shir Amram is a senior loan officer at Montana Capital Car Title Loans. With over 10 years of experience in the finance industry, Shir has been an asset in her role and has contributed significantly to our company's success, Shir’s academic background in economics and financial knowledge helps us fulfill our education mission as she creates a valuable content to our blog. 

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