Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Cleveland, Ohio
Ohio payday loan rules that apply in Cleveland
- Max loan amount
- $1,000
- Min loan term
- 91 days
- Max loan term
- 1 year
- Finance charge cap
- 28% APR + max $20 monthly fee
- Max absolute fee
- Varies
- Typical APR
- ~28%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- 1 active loan
- Right to rescind
- Up to 3 days
- Governing law
- Ohio Short-Term Loan Act
- Regulator
- OH Dept of Commerce
Cleveland at a glance
| Metric | Cleveland | Ohio | United States |
|---|---|---|---|
| Population | 734,002 | 11.8M | 332.3M |
| Median household income | $54,454 | $74,030 | $85,275 |
| Median rent | $984/mo | $1,027/mo | $1,432/mo |
| Income spent on rent | 32.8% | 28.6% | 31.6% |
| Homeownership | 52.9% | 67.7% | 65.4% |
| Poverty rate | 21.6% | 13.3% | 12.6% |
| Unemployment rate | 9.1% | 5.0% | 5.3% |
| Without health insurance | 6.4% | 6.4% | 8.6% |
| Veterans | 5.7% | 6.8% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Cleveland
Move the sliders to see what a payday loan would cost under Ohio rules and how it compares with local incomes.
Ohio maximum: $1,000
Ohio sets no fixed fee; $15 is typical
Rollovers are not allowed in Ohio.
- Fee
- $75
- Total to repay
- $575
- APR
- 60%
- Share of a two-week household paycheck in Cleveland
- 3.6%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Cleveland
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 3.6%
- Hours of work at the local median wage
- 4.7 hours
- Rollovers
- Not allowed in Ohio
Ohio sets no fixed fee in dollars, so this example uses a typical fee of $15 per $100 on a $500 loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Cleveland in context
- Population rank in Ohio
- 3rd
- of 36 Ohio cities with 50,000+ residents
- Median household income rank
- 30th
- of 36 Ohio cities with 50,000+ residents
- Households earning under $25,000
- 25.4%
- ▲ 9.0 pts vs OH
- Median home value
- $142,274
- ▼ 33% vs OH
- Home value to income
- 2.6×
- A $400 emergency expense
- 2.7 days
- of median household income
Payday loan stores in Cleveland, OH
Licensed storefront lenders in Cleveland with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the OH Dept of Commerce before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10589 St Clair Ave. Cleveland, OH 44108 | (216) 851-8077 | — | 4.9 |
| 11411 Buckeye Rd Cleveland, OH 44104 | (216) 862-8039 | — | 4.9 |
| 11648 Lorain Ave Cleveland, OH 44111 | (216) 251-3169 | — | 4.8 |
| 14002 Triskett Rd Cleveland, OH 44111 | (216) 252-5351 | — | 4.7 |
| 1409 E 9th St Cleveland, OH 44114 | (216) 348-0080 | — | 4.9 |
| 14101 Kinsman Rd Cleveland, OH 44120 | (216) 295-8135 | — | 4.9 |
| 1499 E 55th St Cleveland, OH 44103 | (216) 431-0500 | — | 4.9 |
| 15500 Euclid Ave East Cleveland, OH 44112 | (216) 268-4100 | — | 4.7 |
| 2167 S Taylor Rd University Heights, OH 44118 | (216) 932-6940 | — | 4.9 |
| 5311 Memphis Ave Cleveland, OH 44144 | (216) 661-1036 | — | 4.8 |
| 7310 Harvard Ave B Cleveland, OH 44105 | (216) 641-7614 | — | 4.9 |
| 7933 Euclid Ave #33 Cleveland, OH 44103 | (216) 721-5803 | — | 4.9 |
| 1253 SOM Ctr Rd Mayfield Heights, OH 44124 | (440) 449-5700 | — | 4.3 |
| 5265 Broadview Rd Parma, OH 44134 | (216) 741-1490 | — | 4.5 |
| 7560 Pearl Rd Ste 9 Cleveland, OH 44130 | (440) 234-0200 | — | 3.8 |
| 15180 Bagley Rd Middleburg Heights, OH 44130 | (440) 613-0501 | — | 4.1 |
| 9531 Vista Way Unit 3C Garfield Heights, OH 44125 | (216) 518-0104 | — | 4.6 |
| 1257 B Rockside Rd Parma, OH 44134 | (440) 358-3682 | — | 5.0 |
| 1623 Golden Gate Plz Mayfield Heights, OH 44124 | (440) 709-3405 | — | 4.9 |
| 6750 Biddulph Rd., Unit 102 Brooklyn, OH 44144 | (216) 739-9442 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat–Sun closed |
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Fast & secure payday loans in Cleveland, Ohio
Unexpected expenses can happen anytime. If you need urgent cash in Cleveland, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Cleveland residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $1,000 Loan terms must comply with the Ohio Short-Term Loan Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Cleveland residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Ohio law (Ohio Short-Term Loan Act). Always review the contract terms carefully before signing.
Cleveland payday loan FAQ
How much cash can I borrow in Cleveland?
Loan amounts in Cleveland are typically from $100 up to $1,000, in line with Ohio lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Cleveland to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Cleveland with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Cleveland?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Cleveland residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Cleveland or the surrounding Ohio area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).