Solar Loans
Get Started
Get Started
Solar Loans — instant payday loans, apply online now.
Solar Loans offers instant payday loans online — funds in your account the same day.
Safe, secure, and confidential 256-bit SSL encrypted connection

Read and agree to Privacy Policy, Terms, Responsible Lending Practices and Marketing Practices, before submitting your request. Your personal information is safe with us.

Online Installment Loans in Ohio

How Installment Loans Work in Ohio

An installment loan is a loan repaid over time through a series of fixed, scheduled payments — typically monthly — until the balance is paid in full. Unlike a payday advance, which is usually due in one lump sum, an installment loan spreads repayment across weeks, months, or years, which many Ohio residents find easier to budget around. In Ohio, this type of consumer lending is regulated under Ohio Short-Term Loan Act (STLA / ORC 1321.35 et seq.), which sets rules on maximum loan amount of $1,000, 28% interest rate cap plus monthly maintenance fees (total cap 60% APR) (e.g., maximum APR, loan amounts, or fee disclosures).

What an Installment Loan Costs in Ohio

Through Solar Loans, Ohio residents can generally expect an APR of approximately 28% to 60% APR, with loan amounts ranging from $100 to $1,000 and repayment terms of 91 to 365 days. Ohio law caps short-term loan interest at 28% APR with cumulative fee caps preventing total APR from exceeding 60%. Beyond the interest rate, watch for an origination fee, often 1–10% of the loan amount, which some lenders deduct directly from the funds disbursed. Always compare the total repayment amount over the life of the loan, not just the monthly payment.

Eligibility Requirements in Ohio

To apply for an installment loan in Ohio, you'll generally need to:

  • Be at least 18 years old and a resident of Ohio;
  • Show proof of steady income from employment, benefits, or self-employment;
  • Have an active bank account in your name;
  • Provide a valid government-issued ID.

Solar Loans reviews your income, existing debt, and credit history as part of the application. Approval and terms aren't guaranteed for every applicant.

How to Apply

Applying takes a few minutes online. Many lenders, including Solar Loans, offer pre-qualification with a soft credit check that doesn't affect your score, so you can see estimated rates before formally applying. If approved, funds are typically deposited within one to a few business days.

How to Compare Offers

  • Compare the APR, not just the interest rate — APR includes most fees and gives a fuller picture of cost;
  • Check the total repayment amount over the life of the loan;
  • Confirm whether there's an origination fee and how it affects the amount you'll actually receive;
  • Ask about prepayment penalties if you might pay the loan off early.

Alternatives Worth Considering First

Before accepting an installment loan, it's worth checking whether a lower-cost option is available:

  • A loan or line of credit from a credit union operating in Ohio, which often offers more competitive rates;
  • A 0% or low-APR balance transfer credit card, for well-qualified borrowers consolidating existing debt;
  • A payment plan negotiated directly with a hospital, utility company, or other biller;
  • Nonprofit credit counseling, to build a debt repayment plan without new borrowing.

Frequently Asked Questions

Will an installment loan affect my credit score in Ohio?

Applying typically triggers a hard inquiry, which can cause a small, temporary dip. On-time payments are generally reported to the credit bureaus and can help build credit over time; missed payments can hurt it.

Is there a cap on APR for installment loans in Ohio?

Ohio law caps short-term loan interest at 28% APR with cumulative fee caps preventing total APR from exceeding 60%.

Can I get an installment loan in Ohio with bad credit?

Yes, though expect a higher APR, a smaller loan amount, or a shorter term. Comparing several lenders is worthwhile, since rates for the same borrower can vary significantly.

What's the difference between an installment loan and a personal loan?

A personal loan is a specific type of installment loan. "Installment loan" is the broader category describing any loan repaid in fixed, scheduled payments — personal loans, auto loans, and mortgages are all examples.

What happens if I miss a payment?

Contact Solar Loans before your due date. Ohio regulations and Solar Loans's policies may allow for a modified payment arrangement; missing a payment without communicating can result in late fees and damage to your credit score.

This page is for informational purposes only and is not individualized financial or credit advice. Rates, fees, and terms are set by Ohio law and lender policy and are subject to change — figures above reflect regulations as of 2026; confirm current terms directly with Solar Loans before applying. If you're evaluating multiple loan offers or dealing with existing debt, consider speaking with a nonprofit credit counseling agency accredited by the National Foundation for Credit Counseling (NFCC), or contacting the Consumer Financial Protection Bureau (CFPB) for guidance.

Apply for an Installment Loan in Ohio

If you've compared your options and an installment loan is the right fit, Solar Loans offers a fully online application for Ohio residents, with pre-qualification available through a soft credit check. Review your APR and total repayment amount before accepting any offer.

Get Started Now →

Installment Loans Alternatives in Ohio

Title Address Phone Rating
Fifth Third Bank & ATM 1603 Springfield Pike, Wyoming, OH 45215 +1513-326-1180 ★ 2.6
Huntington Bank 3650 Fishinger Blvd, Hilliard, OH 43026 +1614-480-0054 ★ 3.1
Superior Credit Union 2857 Blue Jacket Ct, Lima, OH 45806 +1419-223-9746 ★ 4.9
Fifth Third Bank & ATM 6280 Perimeter Dr, Dublin, OH 43017 +1614-792-7921 ★ 2.9
Wright-Patt Credit Union 770 Gardner Rd, Springboro, OH 45066 +1800-762-0047 ★ 3.8
Fifth Third Bank & ATM 850 S Hamilton Rd, Whitehall, OH 43213 +1614-759-1113 ★ 2.9
Richard West Law Office 195 E Central Ave, Springboro, OH 45066 +1937-748-1749 ★ 4.7
Bridge Credit Union - Powell 10567 Sawmill Pkwy #100, Powell, OH 43065 +1800-434-7300 ★ 3.0
Primo Personal Loans 1023 S Smithville Rd #23, Dayton, OH 45403 +1937-828-5440 ★ 4.8
Harvest Federal Credit Union 34 Licking View Dr, Heath, OH 43056 +1740-522-5277 ★ 3.8

Installment Loans Near Me in Ohio

Installment Loans Locations by County in Ohio