Online Title Loans
in minutes

Get Your Simple Cash Title Loan Today!

What Are Title Loans in Ohio and How Exactly Do They Work?

Running out of ideas on how to solve your sudden financial troubles? Do you own a fully paid, lien-free car with a clean title?

You probably qualify for a title loan!

Did you know that you get your application decision in 1 day and just 30 minutes? Curious? Let's get started!

Who Are Qualified Borrowers of Car Title Loans in Ohio?

You can apply for an auto title loan in Ohio if you are...

  • A US citizen and resident of Ohio
  • At least 18 years old
  • In possession of a fully paid vehicle

Before You Apply for Online Title Loans in Ohio

Here are the factors you should weigh first...


These are the advantages of a title loan in Ohio:

You Get Quick Cash

Getting a car title loan is a good solution to getting fast cash TODAY.

The approval process is EASY and HASSLE-FREE, and if all your documents are complete and without issues, you can get your title loans approved in under an hour!

This makes vehicle title loans the best solution to any financial emergency.

You Can Apply Online

And if that isn't convenient enough, the ENTIRE PROCESS of getting a car title loan, from application to getting your money, can be done online!

It Is Easy to Qualify For

Unlike traditional loan options (like those offered by a bank or a credit union), vehicle title loans don't require much paperwork.

The required documents are very basic. You probably already have most of them in your house, or they are very easy to acquire.


Now let's look at why you should reconsider taking out a title loan...

There Is a High-Interest Rate

If you look around for title loan companies, many will boast competitive interest rates.

But no matter how good their offer is, the average car title loan in Ohio charges a 25% monthly interest rate. That's 300% when translated into the annual percentage rate!

It Is a Form of Short Term Loan

Vehicle title loans usually have 30 or 60 days, which means it is one of the types of short-term loans.

And because the loan period is so short, some borrowers have a hard time paying it off on time and end up asking for an extension, which comes with a penalty fee.

What Are the Required Documents of Title Loans in Ohio?

Before you start applying for auto title loans in Ohio, it's best to gather these documents first.

Qualifying Vehicle Title

The most important document you need to bring is your vehicle's title.

Aside from being fully paid, your vehicle's title also needs to be clean and lien-free. It can not be standing as collateral under any other loan.

Your vehicle's title also needs to be solely under your name, and your name in the title has to match your name in the government ID you submit.

Government Issued ID

You will also need to submit a government ID with your picture to prove your identity.

Proof of Income

This can come in many forms. Bring your latest pay slip if you have a steady income and are currently employed.

If you are under self-employment or have other forms of alternative income, you can bring other documents that prove this, including:

  • Proof of business income
  • Proof of social services benefits
  • Proof of inheritance
  • Title of acceptable property
  • Bank statements
  • Pay stubs
  • Or basically, any other document that proves that you can pay your loan amount when it's due

If you are unsure if a particular document qualifies as income proof, you can contact your title loan representative first.

Proof of Residence

You also need to submit proof that you are a resident of Ohio. For this, you can submit:

  • Utility bills
  • Lease contract
  • Mortgage agreement
  • Or any other document that proves that you live in Ohio

Character References

Depending on your title pawns lender, you will be asked for 1 to 4 character references to further prove your identity and ability to repay the title loan.

You will also need to submit their contact information, such as their email addresses and contact numbers, to get those ready.

Car Documents

Depending on your auto title loan lender, you might need to submit your car insurance documents and car registration papers.

If you happen to not have any of these documents, don't worry! Your auto title loan lender can get it for you in no time.

Car Photos

You will also need to submit 4 photos of your car, the back, front, and the 2 sides.

Car Keys

In case of easy repossession (if ever), you will also need to give your auto title loans lender a duplicate of your car keys.

If you don't have a copy of your car keys, your car title loan lender can also duplicate your keys.

What Is the Approval Process of Title Loans in Ohio Like?

We'll walk you through it step by step!

Step 1: The Online Process

Did you know that you could complete the entire loan process online?

You can apply online by going to the website of your title loans lender and by filling up the online application form on the first page.

Then sit back and wait for one of their customer service agents to call you in a few hours and give you a conditional approval to start processing the loan.

Step 2: Loan Approval

Your Ohio title loan agent will go through the loan process during the call. They will:

  • Ask further questions
  • Evaluate your loan documents
  • Give their final approval

Step 3: Loan Agreement

After giving you their loan approval, your car title loan agent will inform you of:

  • The maximum and minimum loan amount you can borrow
  • The interest rates
  • Their lender's fees and additional charges
  • Their repayment process

When you receive this information, you either sign your prepared contract or negotiate some more.

A car title loan contract is made individually, depending on the borrower's financial situation and credit history.

You can usually negotiate your way into LOWER interest rates, BETTER loan terms, and perhaps a BIGGER loan amount if you need it.

And if you have a good credit history to back you, you get to have MORE negotiating power!

Step 4: Visit Your Car Title Loans Lender

You will also need to either visit your title loan lender's office or meet at a convenient location.

This is for you to hand over your vehicle's title and other relevant documents and for them to be able to install a GPS on your car.

Step 5: Get Your Money

When you and your car title loan lender have settled on everything, they will now prepare your contract for you to sign.

Before you sign, read your contract THOROUGHLY and read through the FINE PRINT.

After signing, you can now get your loan amount! You can get your loan proceeds through any of these options:

  • Direct deposit to your bank account
  • Cash
  • Check
  • Online transfer
  • Other common money transfer services

And that's it! You will see your lender again in 30 or 60 days to repay your car title loan in Ohio and get back your vehicle's title.

How to Minimize the Risks of Title Loans

You might have heard that title loans are risky. That is true when you look at the cons, but there are ways to lower the risks and borrow responsibly.

Pay Early

The best way to not get stuck in a cycle of debt is to pay your loans on time.

Borrowers usually only worry about paying off loans when the due date is near or worse when the penalty starts.

So what if you started worrying about paying it off the moment we get your loan proceeds?

This way, you can start tightening your belt early and setting aside what you can, no matter how little.

And then, after saving a certain amount, you can start making early payments when you can, instead of waiting for the due date to come.

Doing this doesn't only lessen the amount you owe, and you might even be able to pay off the entire loan amount early!

Limit Your Principal Amount

When your lender offers you the maximum loan amount you can borrow, borrow EXACTLY what you need for your emergency.

If your principal loan is small in the first place, then the interest amount will also be smaller, even though the interest rate is high.

This way, you will be able to significantly reduce the total amount that you owe.

What Happens to Your Car While Using It as Collateral?

You can still use it! However, always consider that while you can use your property however you want to, there are underlying obligations you have to fulfill.

If you do not fulfill your end of the deal, your car may not be yours anymore!

What Will Happen if I Can't Pay Off My Title Loan?

If your 30 or 60 days loan duration has passed without you being able to pay off your loan, you will be given another 2 or 4 weeks to extend the loan with a penalty fee.

This is called a rollover. Essentially, the total money you owe at the end of the loan period (principal, interest, and fees) will be "rolled over" for a new loan period.

If you need to ask for another extension at the end of the rollover period, the penalty will be added to your debt and rolled over again.

This is where it gets risky. Multiple rollovers can happen very quickly and can lead to your debt ballooning.

So unless you are confident that you can pay off a title loan in such a short time, we advise that you think twice before applying for one.

Will I Lose My Car if I Still Can't Pay?

Not yet.

If you have done a few rollovers and the possibility of losing your car is worrying you, you should first get in touch with your lender.

They might have a way of helping you repay them, like reviewing your contract terms and making adjustments or changing your repayment scheme.

If the worst happens and you can not repay your debt in the end, your title loans lender will take your car and sell it to make up for their losses.

If your total debt amount is bigger than your car's estimated value, you get off the hook for the remaining amount.

But if your debt is smaller than your car's value, then your title loans lender will get to keep the extra money.

Can I Still Sell My Car?


After you repay your title loan, your lender will return your title, and your car will once again be clean and lien-free.

It will be as if it never stood for collateral, and you can sell it with no problem!

How Are Title Loans Different From Other Forms of Loans?

Did you know that a car title loan operates differently from the other loans? Here's how they're different from one another!

Difference With Payday Loans

Both forms of financial help are short-term loans that boast a speedy and convenient approval process, but they differ in a few ways.

Car title loans require that you own a vehicle and ask you to surrender your car titles in exchange for a loan, but payday loans don't.

And since you have to hand over your car title, you can also borrow a bigger principal amount from a title loan than a payday loan.

Lastly, the loan payment scheme for a payday loan is adjusted to fit your nearest payday to repay your creditor as soon as you get your paycheck, unlike title loans that start the loan period when you sign the contract and count 30 or 60 days.

Difference With Personal Loans

They are both popular forms of financial help, but a personal loan is not unlike traditional bank loans.

Unlike title loans, a personal loan usually has a fixed interest rate, depending on the lender.

Its loan term is also longer, usually 24 to 60 months. It is not much of a short-term loan, unlike title loans that are 30 to 60 days!

Personal loans are also based on your credit history, so those with a bad score usually can not apply for one.

Does Credit Score Matter with Title Loans?

No, it doesn't! However, we HIGHLY recommend having a good credit score regardless of title loan companies not requiring a good score. This is to ensure you get accepted with other loans!

What if I Have a Bad Credit History?

You can probably still get a vehicle title loan in Ohio.

Lenders of title loans in Ohio look at your ability to pay off the title loan rather than your bad credit history in the past.

This is why proof of income is very important. As long as you can prove that you have the means to make on-time payments on your title loan in Ohio, then you can still get approved.

However, as we mentioned earlier, having a good credit history benefits.

These Ohio residents enjoy higher loan amounts, lower interest rates, and more negotiating power.

Will Being Unable to Repay a Title Loan Affect My Credit History?


Think of it this way: title loans exist OUTSIDE your credit score.

Just like how your credit background won't stop you from getting a title loan in Ohio, not being able to pay it off will not affect your credit score whatsoever.

Frequently Asked Questions

Still curious about car title loans? Here are all the answers!

How Much Cash Can I Get From Title Loans in Ohio?

It depends.

First, the market value of your car is estimated by your title loan lender through:

  • Make
  • Model
  • Mileage
  • Year
  • And overall condition

After determining the market value of your vehicle, you can usually borrow anywhere from 25 to 5o percent of your vehicle's equity.

Can Motor Vehicles Qualify?

Most of the time!

Motor vehicles are still vehicles, so they are usually accepted for title loans. Other acceptable vehicles include RVs and maybe even boats!

But it depends from lender to lender, so make sure to give your title loans representative a call first to confirm.

Aren't Title Loans in Ohio Unsecured Loans?


Vehicle title loan companies are governed by laws and monitored by the state, so they are all secured loans!

Final Thoughts

And that's all we have for title loans in Ohio! We hope this article has been of help to you.

Title loans are more of a band-aid solution to a cash emergency and should be considered a last resort because they can be very risky.

However, there are ways to limit the risks and be a responsible borrower. Don't forget to read the fine print, check for hidden fees, borrow small, and make early payments if you can!

Also, ensure that you have a solid plan to repay your loans BEFORE borrowing to avoid getting stuck in a cycle of debt.

Call Us Now

Title Loans in Ohio by City

Need a Title Loan?
We can help.

Let us help you get the money you need. Online title loans are an easy and fast way to get quick cash today.

Skip to content