Loans from
$300 – $5,000

Repayment term
4 – 24 Months

Minimum credit score
No min. to apply

The figures provided are representative of a typical installment loan made or arranged by CreditNinja and are not guaranteed rates or terms that you may qualify for.

By CreditNinja
Modified on April 8, 2024

For residents of Ohio in need of a personal loan, there are many options. Ohio, like most other states, offers a variety of storefront and online lending options. You’ll find lenders offering mortgages, auto loans, retail financing, bad credit personal loans, and more. So, if you’re a resident of Ohio shopping for a loan, then this article is for you.

Personal loan is a term used to describe a loan that borrowers use for everyday expenses, rather than business or commercial expenses. They come in many different forms from a variety of lenders. This is why it’s so important to research them thoroughly before choosing one. You may find that lenders offer different loan amounts, interest rates and APRs, repayment terms, and other fees and charges. Reviewing all of this information prior to signing on the dotted line is crucial.

Luckily, it’s easier than ever to compare and contrast competing lenders. Much of the information you’ll need is readily available online. And many lenders offering personal loans now do so with a fully online experience.

But if you’re struggling with a low credit score, you may find that the approval process is a bit more difficult. Many lenders reserve their products for borrowers with fair to good credit scores.

So if you’re in need of a bad credit loan for an emergency, you might be wondering where to turn. Read on to learn more about the options available to you and the personal loan lenders that might be able to help.

Installment Loans

If you’ve ever shopped for a loan before, then you’ve probably heard the term “Installment loan.”

An installment loan is any loan that is repaid through regular monthly payments, or installments. This might be a mortgage, auto loan, retail financing, a student loan, or certain unsecured personal loans. Basically, if you have a loan that you’re repaying every month, then it’s an installment loan.

If you live in Ohio and you need a personal loan lender offering installment loans, there are plenty of options for you.

Personal installment loans online have become much more popular over the last several years. You can research, apply, receive approval, and even repay your loan online with many of these lenders. Online loans offering regular monthly installments are truly a convenient option if you need quick cash.

Another advantage to installment loans is that you can probably still get one even if you have poor credit. There are several lenders in Ohio and online that now offer personal loans for bad credit borrowers. Just make sure you research the loan and lender thoroughly to make sure you’re getting the best loan, rate, and terms for your specific financial situation.

No Credit Check Loans

A No Credit Check Loan is any loan that a lender offers without running a hard credit check.

A hard credit check is when a lender checks your credit history and that inquiry may affect your credit score. As opposed to a soft credit check which a lender may use to check your credit without any affect on your score.

You might also encounter lenders who claim that they won’t run any sort of credit check before approving your loan application. While this may sound like a good thing if you have poor credit, it can actually be a red flag.

If a lender isn’t worried about your credit score at all, it may mean they aren’t worried about their borrowers paying their loans on time. This might mean that they make more money on late fees and rollover than they do with on-time payments.

When it comes to loan applications, being approved for a loan, and having your credit score checked, it’s always best to use a lender that is credible and trustworthy. Finding one that offers soft credit checks may be a good solution. This means they can verify your credit score and history without causing your score to drop from the inquiry.

Cash Advance Loans

A cash advance loan is another option for borrowers in Ohio. But the term cash advance refers to a number of different financial products. It’s important to know the difference between them so that you get the right one for you.
The three most common cash advance loans would be a credit card cash advance, a payday advance, and an employer cash advance.

A credit card cash advance is when you use your credit card to withdraw cash. You can do this at an ATM in some cases, or through your online banking website. Basically, you’re just transferring money from your credit account into your checking account. The money you transfer or withdraw will show up as a charge on your credit card.

The important thing to remember with this type of Cash advance loan is that the interest will begin to accrue immediately, whereas there is usually a grace period with regular purchases. Plus, credit card charges and advances can add up quickly if you’re not careful.

Another cash advance option is called a payday cash advance, or payday loan. This is a short-term, high-cost option that offers borrowers a small amount of cash that must be repaid on their next payday, hence the name. Oftentimes, the lender will require a post-dated check for the loan amount and fees/interest. They will then give you the cash, and on the due date they will cash your check to recoup their money.

Payday advances can get borrowers into trouble since they have high interest rates and short repayment periods. If you can’t repay the debt you may need to roll the loan over to another term. This means extending the repayment period and paying more fees and interest.

The other common type of cash advance is called an employer cash advance. This is when your employer gives you money ahead of your paycheck. Then when your paycheck arrives they will have deducted the loan amount from it. This can be a good option in some situations, as you might avoid high interest charges. But if you use this option too often it could strain your relationship with your employer.

Online Bad Credit Loans

If you’re in need of some quick cash but you have a low credit score, you may be exploring the many options available through online Bad Credit Loans.

A bad credit loan could be a payday loan, title loan, pawnshop loan, or any other financial product designed specifically for borrowers with a poor credit history. This is a category of loans that are common for any borrower who has a difficult time being approved for a loan from a bank or credit union.

Banks, credit unions, and other traditional lenders usually reserve their products for borrowers who have a demonstrated history of good money management. In other words, borrowers with good credit scores usually receive priority for these types of loans. But this leaves a large portion of the American population without as many options for financial products.

If you can’t get approved for a personal loan through a traditional lender then you may have already used a bad credit loan. But there are a few things to consider before applying for one of these.

One of the biggest factors you may want to consider is the APR. Bad credit loans like payday loans, title loans, or pawn shop loans tend to carry high interest rates. The interest rate and the APR is one of the biggest indicators of how much your loan will cost you. So if it’s too high, you may want to look into other options like personal loans, credit union loans, or secured loans from credible lenders.

A title loan is a secured loan, but they can be risky. A title loan uses the title to your vehicle as collateral for the loan. This means that if you default on the loan, the lender is legally allowed to seize your vehicle and sell it to recover their loss. And since many people rely on their vehicles for work, school, or every day trips, this can be a very risky situation.

A pawnshop loan is similar to a title loan, but on a smaller scale. The collateral for a pawn shop loan would be any valuable item that the pawn shop is willing to accept for a cash loan. This may be jewelry, electronics, musical equipment, or anything else of value. But the same risks apply with this loan as with title loans. If you fail to repay the loan and interest, the lender will keep your item and sell it to someone else.

Many of these bad credit options are also now available online. While you may have to go into a storefront location for a pawn shop loan, you can find a payday loan and even title loan online nowadays.

Whether you’re considering a bad credit loan, debt consolidation loan, payday loan, or any other type of financial product, the key is to do plenty of research before choosing.

Payday Loans Alternative

A payday loan alternative loan is a type of loan that borrowers can get through many credit unions. They can provide bad credit borrowers with quick cash, but offer more favorable loan terms than your average payday loan. To see specific terms, rates, and loan amounts you’ll need to speak with your credit union.

Another alternative to payday loans that some borrowers are using is personal loans. Personal loans, as discussed above, can be a good option if you have a low credit score but don’t want a Payday loan or title loan. They can help with unexpected expenses like medical bills, or even for debt consolidation if you have several other higher-interest loans.

If you normally rely on payday loans for fast cash in an emergency, it may be wise to start exploring these payday loan alternatives. Talk to friends or family members, speak with a credit counselor, and research personal loans with good interest rates that you may qualify for.

Being able to spread your loan payments out over several months instead of one lump-sum payment might help you better manage your money.

Are Personal Loans Right For You?

A personal loan can come in many different shapes and sizes. Each personal loan lender will probably offer different loan amounts, APRs, and repayment terms. This is why it’s so important to make sure you know all of this information before filling out a personal loan application. While they can be a great boost to your bank account in a time of need, finding the right online lender for bad credit is crucial to saving yourself money in the long run.

If you’re currently experiencing financial difficulties, and you’re looking for loans in Ohio to help out, just know that there are options for you. You can find loan funds online, or in person. But regardless of which option you choose, you’ll still need to do your homework.

Here are some of main factors to consider when shopping for a personal loan:

  • The loan amount you need.
  • The interest rate and APR of the loan.
  • The origination fee.
  • Whether you need an active checking account or bank account.
  • Whether you need direct deposit.
  • What the monthly payment will be.
  • Are there fees for paying your loan early?
  • Can you receive approval with a bad credit score?

If you gather all of the above information, and it still seems like a good option, then feel free to apply!

Frequently Asked Questions

CreditNinja personal loans in Ohio are designed for borrowers with less-than-perfect credit. While we do consider an applicant’s credit history, it’s not the only factor we review. This means that having a low credit score doesn’t necessarily bar you from being approved!
CreditNinja prides itself on providing a quick and easy application process, and fast funding for approved applicants. Once you fill out the online application and provide us with all the necessary information, you’ll receive a decision right away. Most customers receive their funds by the next business day once they’re approved.¹
You can get the quick cash you need by applying at The application is fast and easy, and you’ll get a decision right away. If approved, you can get your money by the next business day.¹
CreditNinja personal loans are “unsecured,” meaning we don’t require borrowers to provide collateral in order to qualify. Approval will be based on an applicant’s credit history, income, and ability to repay the loan, among other factors.
CreditNinja offers quick and reliable personal loans for borrowers in need. The entire process is online, from the application to funding, and even repayment. Apply today for a CreditNinja personal loan in Ohio, get a decision right away, and get the cash you need to get your life back on track.