Are Title Loans Allowed in Ohio?

Yes, you can apply for car title loans in Ohio! A title loan is a secured loan option that can allow a qualified applicant to use their vehicle title as collateral for emergency funding. Title loans are designed to provide financial relief to eligible residents of the Buckeye State who need emergency money and may be unable to qualify for many traditional loan options.1 3

Since you are required to use your vehicle’s title as collateral for funding, a car title loan can be much more flexible than an unsecured loan. If you’re an Ohio resident who needs fast money, you can apply for an auto title loan online from the comfort of your home today! Start your application for a title loan serviced by LoanMart by completing this short prequalification form online or calling 855-422-7412 to speak to a title loan agent. If you’re eligible for a pink slip loan, you could obtain emergency cash in as little as 24 hours!1 3

How Do Title Loans Work in Ohio?

title loans ohio

Online title loans in Ohio work by allowing you to access a portion of your car’s current value and turn it into the fast cash you need for financial relief!1 3 A car title is required to get loan approval since you will need to pledge it as collateral for the loan. It must be in your name at the time of application. Additionally, your vehicle must have a decent amount of equity to qualify as collateral for a title loan.1 3

If your car or truck has enough equity and you meet the lender’s requirements for an Ohio car title loan, you could potentially access anywhere from 25% to 50% of your vehicle’s overall value!1

Although you may see the terms “title loan” and “title pawn” used interchangeably, they are different. With a title loan, you can conveniently drive your vehicle during the repayment process. If you decide to apply for a title pawn in Ohio with a pawnbroker, they usually keep your vehicle in their storage yard until your loan is completely paid off.

Ohio has specific laws in place to protect borrowers from predatory lending practices and requires lenders to operate fairly and transparently within the state. However, title loan laws in Ohio can also apply to applicants, meaning that a prospective borrower must be at least 18 years old to apply for a title loan. A loan is an important decision, so you must be of legal age to handle such a big financial commitment.

Additionally, in order for a lender to determine that you have the ability to repay the loan, you must provide proof of income during your title loan application. However, you don’t need a 9-5 job to apply for an auto title loan in Ohio! If you don’t receive regular pay stubs from an employer, you can provide evidence of an alternative source of income during your application. If you can demonstrate your ability to handle monthly title loan payments and meet the other initial requirements, you can qualify for an Ohio title loan online today!1

Looking for instant online title loans in Ohio? Although it’s challenging to obtain online title loans with instant approval in Ohio, you can conveniently apply online and find out if you qualify for instant pre-approval today!1 3 Click here or dial 855-422-7412 to apply for a title loan serviced by LoanMart in Ohio today!1

What are the Auto Title Loan Requirements in Ohio?

Qualifying for an unsecured loan can be difficult if you don’t have a strong credit history. However, car title loans in Ohio can be flexible, and the application process is straightforward. You will need to meet the following title loan requirements in Ohio to obtain the funds you need for unexpected expenses:1

  • Have an OH Vehicle Title in Your Name
  • Be Able to Provide Proof of Income or Alternative Income
  • Be of Legal Age to Apply for a Car Title Loan
  • Possess a Qualifying Car or Truck with Enough Equity

In addition to meeting these initial qualifications, there are a few documents you will need to have on hand in order to verify your information during your application for an auto title loan in Ohio. Here is a list of the paperwork you will need to submit:1

  • Your Car’s Title
  • Proof of Ohio Address and Income
  • Valid, Government-Issued Photo Identification Card
  • Recent Photos of Your Vehicle
  • Some References May Be Required

If you’re applying for a car title loan in Ohio, you may need to complete an Ohio Bureau of Motor Vehicles Power of Attorney form, sign it in the presence of a notary public, and have the form notarized. If you have any questions about this document or any part of the application process, a title loan agent from LoanMart will be happy to assist you.

With LoanMart, you can conveniently upload your documents online! Or, you can take advantage of the other submission options and send your paperwork via email or text message to a title loan representative.

If you’re dealing with a tough financial situation, like the rising rental prices in Ohio, don’t hesitate to apply for the money you need through a car title loan serviced by LoanMart. Eligible applicants could receive quick funding in as little as one business day!1 3

Can You Get Car Title Loans with Bad Credit in Ohio?

Yes, getting title loans with bad credit in Ohio is possible! The value of your car and your income are the main factors that will determine your loan amount and eligibility for a title loan. Therefore, credit history isn’t the only factor that a title lender will review during your loan inquiry. So, even if you have a bad credit history, you could still qualify for an Ohio title loan and access the funds you need for a financial emergency!1 3

However, it’s worth mentioning that most lenders will verify your financial history during the loan application process. A credit check is an essential part of a title loan application, so finding car title loans with no credit check in Ohio will be difficult, if not impossible.

Financial difficulties can arise for a variety of reasons and negatively affect your credit score. Fortunately, with an online title loan in Ohio, your credit history is your past, but it may not stop you from applying for a loan in the future! You don’t need to avoid a loan option that requires a credit check just because you are not confident with your credit history. You could still qualify for an auto title loan in Ohio, even if you don’t have a perfect credit score!1 Click here or call LoanMart at 855-422-7412 to apply for a title loan with bad credit in Ohio and see if you are prequalified for the emergency cash you need.1 3

How Can I Apply for Online Title Loans with No Inspection in Ohio?

Obtaining online title loans with no inspection is impossible because title lenders use a comprehensive car inspection to determine the current condition of a vehicle and its overall value. You may be dreading the thought of scheduling an inspection and traveling to a physical location in order to complete it.

However, one of the many advantages of applying for a car title loan serviced by LoanMart in Ohio is that a physical inspection isn’t required during the application process. All you have to do is take clear pictures of your vehicle and upload them online so a LoanMart title loan agent can review them.

When you are ready to snap your photos, park your car in a brightly lit area that is free of any background distractions, such as your driveway. Make sure to take pictures of the following:

  1. The Front, Rear, and Sides of the Vehicle
  2. Your Vehicle’s Odometer Reading
  3. The Vehicle Identification Number (VIN)

Review your photos carefully before submitting them to a title loan representative from LoanMart. You can use your smartphone to upload them online or email / text your images and documents directly to a LoanMart title loan agent. Applying for title loans in Ohio can be convenient and simple!1

Dial 855-422-7412 if you have questions about online car inspections or applying for online title loans in Ohio!1

online title loans ohio

Where Can I Find Title Loans Online with No Store Visit in Ohio?

Are you searching for the simplest way to apply for car title loans online with no store visit in Ohio? By applying online through LoanMart, you can avoid the hassle of finding a physical storefront location in your state. Simply use your smartphone or computer to begin your application, and if you qualify, you could receive your title loan proceeds in as little as 24 hours!1 3

Call 855-422-7412 or click here to see if you qualify for the funds you need to handle a financial emergency! Visit the FAQ page if you have any questions about applying for online car title loans in Ohio.

Where to Repay Your Title Loan Serviced by LoanMart in Ohio

Should you gain the eligibility required for a title loan serviced by LoanMart, there are a wide variety of convenient ways that you can go and repay your loan. One of the most convenient options is to visit a participating money transfer location or a MongeyGram.

In order to provide even further assistance and convenience for customers based in Ohio, below is a map as well as list of a few MoneyGram locations in Ohio. However, there are several more MoneyGram locations throughout the entire state of Ohio.

Frequently Asked Questions:

Are Title Loans Allowed in Ohio?

How Do Ohio Title Loans Work?

What are the Requirements for Auto Title Loans in Ohio?

Do I Need a Good Credit Score to Get Title Loans in Ohio?

What is the Approval Process for a Title Loan in Ohio?

Demographic and Financial Statistics for Ohio

The below table provides some of the key income, loan and financial statistics for Ohio which are intended to give you a better understanding of how your financial circumstances compare to other Ohio residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:

Average credit score (VantageScore®)695
Average FICO® score715
Average student loan debt$34,721
Average credit card debt$5,560
Average monthly car loan payment$500
Share of households that rent34%
Average rent$825
Median gross rent$870
Median value of owner-occupied housing units$159,900
Median monthly owner costs - with a mortgage$1,338
Median monthly owner costs$504
Number of bank branches2,890
Median household income$61,938
Per capita income$34,526
Average title loan amount$3,112