Cash Advance Loans in Ohio

How Payday Loans Work in Ohio

In Ohio, payday and cash advance loans are made under the Short-Term Loan Act, which the state overhauled with House Bill 123 in 2018. A short-term loan can be up to $1,000, and you repay it in fixed monthly installments rather than all at once on your next payday.

Superb Cash Advance offers up to $500 in Ohio. The interest is capped at 28% a year, and the only added charges allowed are a monthly maintenance fee of up to the lesser of 10% of the amount or $30, a one-time 2% origination charge on loans of $500 or more, and limited check fees.

Lenders must be licensed by the Ohio Division of Financial Institutions, and total fees on a loan cannot exceed 60% of the amount you borrow.

What a Payday Loan Costs in Ohio

Representative example: borrow $500 over 6 months. With 28% annual interest, a $30 monthly maintenance fee, and a $10 origination charge, you repay about $732 in total, roughly $122 a month. That works out to about a 145% APR.

The APR is higher on smaller, shorter loans because the monthly maintenance fee is a larger share of the amount. We show your exact monthly payment, fees, and total before you sign.

How Ohio Law Protects You as a Borrower

• A 28% interest cap. Ohio limits the annual interest on a short-term loan to 28%, far below the rates charged under the old payday model.
• Capped maintenance fee. The monthly maintenance fee cannot be more than the lesser of 10% of the amount borrowed or $30, and it cannot be charged to active-duty servicemembers or their dependents.
• A 60% total-fee cap. The total of the maintenance fee and origination charge on a loan cannot exceed 60% of the amount you borrow.
• Installment repayment. Loans are repaid in monthly installments over 91 days to 12 months, not in one lump sum, so payments are more manageable.
• Prepay and cancel rights. You can repay early with no penalty, and you can cancel a new loan by 5 p.m. on the third business day at no cost.
• Borrowing limit. Ohio law sets $2,500 as the most you can owe on short-term loans at one time, which keeps this kind of borrowing from stacking up without limit.
• No surprise wage garnishment. A lender cannot take money from your paycheck unless it sues you and wins a court judgment, and you cannot be jailed for an unpaid loan.

Source: Ohio Short-Term Loan Act, ORC § 1321.35 to 1321.48, rewritten by House Bill 123, which caps a short-term loan at $1,000 and the interest at 28% a year.

The monthly maintenance fee is limited to the lesser of 10% of the amount or $30, a 2% origination charge applies on loans of $500 or more, and total fees cannot exceed 60% of the amount borrowed.

Terms run from 91 days to 12 months, and $2,500 is the most that can be owed on short-term loans at one time.

Short-term lenders are licensed and overseen by the Ohio Department of Commerce, Division of Financial Institutions. Last reviewed August 10, 2026.

How to Get a $500 Cash Advance Fast in Ohio

Ohio law allows a short-term loan of up to $1,000, but with Superb Cash Advance $500 is the most you can borrow, and you can request the exact amount you need up to that limit.

Why we cap loans at $500: a smaller loan means a smaller, more manageable monthly payment. We lend only what you can comfortably repay, which protects you from falling behind, and it is in both of our interests that the loan is paid off on time without default. So even though Ohio permits up to $1,000, we keep our limit at $500.

The fastest way to get $500 is to apply online with your ID, income, and bank details ready. Most applicants get a decision in minutes, and approved funds can arrive the same business day.^*

See the requirements and how it works on our $500 cash advance with no credit check page.

Apply Online

* Funding times are estimates and can vary depending on your bank and when your application is approved. Same-day funding is not guaranteed.