Payday Loans in Parma, OH

If you want quick cash to settle a temporary financial setback, you should consider applying for payday loans in Parma, OH. A payday loan is a short-term cash advance loan that is quick to access and does not require the borrower to have a good credit history to receive.

Payday loans in Parma, OH, are regulated under Ohio state laws. This means you can get a maximum of $1000 from a single lender according to Ohio Revenue Codes. Payday loans are appropriate for those with consistent monthly income and the ability to pay the loan back.

If you want more than $1000, you can borrow up to $1500 more across several lenders. Borrowing more than $2500 simultaneously is prohibited, though. Upon approval by the lender, you can get the money you need in less than 24 hours.

Benefits of Payday Loans in Parma, OH

Borrowing payday loans in Parma, OH, has numerous advantages. Here are some of them:

  • Payday loans are ideal for borrowers with no credit or bad credit – People with no or bad credit encounter hurdles when applying for regular bank loans. Most conventional lenders consider them high-risk customers. Payday lenders target this group and charge high interest rates to compensate for the high risk of default.
  • Easy to process – Payday loans are processed quickly and do not take more than one business day. In fact, if you have all the required documents, your loan can be processed within minutes.
  • Ideal for any financial setback – Whatever financial problem you have, you can rely on payday loans to fix it.
  • They are discreet – You can apply for payday loans online, and no one will ever find out. So, if you have a concern about the reputation that borrowing builds, this is the real deal. You don’t have to approach a physical person or involve anyone else to apply for it.
  • The payday lending industry is now regulated – For years, payday lending was plagued with brokers, aggressive call centers, and high fees. Now, many states have created laws to govern payday lending to protect the parties involved.

How to Get Payday Loans in Parma, OH

Do you know a licensed payday lender in Parma, OH? Most people know just a few loan companies, perhaps those near them. Applying for payday loans in Parma, OH, starts with finding a legitimate lender.

Fortunately, AdvanceSOS has done the homework for you. We have created a system database with information on reputable loan companies. Therefore, if you are a resident of Parma, OH, looking for instant cash, you just need to click to get started, fill out the form, and submit your information all without leaving the comfort of your home. The final step is to consent to sign a loan agreement between you and the lender. If the information on the contract is clear to you, you can sign it and finish up the process.

Requirements for Payday Loans in Parma, OH

Borrowers that want to apply for payday loans in Parma, OH, must meet the following qualification criteria:

  1. Have an ID or driver’s license to verify their identity
  2. Must be above 18 years of age
  3. Should possess a bank checking account
  4. Have a regular paycheck that proves a consistent income source
  5. Have a valid email address and phone number

APR and Fees

Ohio is one of the states that have regulated payday lending. According to Ohio laws, fees and interest shouldn’t go above 60% of the loan’s original principal.

The borrower is also charged fees such as maintenance and loan origination fees. The maximum finance charge is 28%, and the APR cap is also set at 28%. This is considerably low compared to other states that have APR exceeding 400%, like Texas.

How We Can Help

AdvanceSOS helps match borrowers with short-term loan licensed lenders and lending partners. Therefore, if you use our platform to apply for payday loans in Ohio, you can rest assured that your application and documents submitted are safe and secure. We make sure that everything you do on this site remains confidential.

ATM Locations in Parma, OH

ATM Location
ATM (Fifth Third Bank) 6953 Ridge Rd
U.S. Bank ATM 2075 Snow Rd, Parma, OH 44134
PNC Bank ATM 6565 Ridge Rd, Parma, OH 44129
PNC Bank ATM 5795 W 130th St, Parma, OH 44130
PNC Bank ATM 6565 Ridge Rd, Parma, OH 44129
Bank of America ATM 1922 Snow Rd, Parma, OH 44134
ATM (U.S. Bank) 8303 W Ridgewood Dr
ATM 10301 Brookpark Rd, Parma, OH 44130
Cardtronics ATM 7250 Brookpark Rd, Cleveland, OH 44129
Fifth Third Bank ATM 7414 Broadview Rd, Parma, OH 44134
Bank of America ATM 7410 Broadview Rd, Parma, OH 44134
ATM (Key Bank) 7400 W Ridgewood Dr
U.S. Bank ATM – Pleasant Valley Acme 1225 W Pleasant Valley Rd, Cleveland, OH 44134
KeyBank ATM 1125 W Pleasant Valley Rd, Parma, OH 44134
Cardtronics ATM 6850 Ridge Rd, Parma, OH 44129
Cardtronics ATM 2115 Brookpark Rd, Parma, OH 44134
U.S. Bank ATM – Brooklyn Walmart 10000 Brookpark Rd, Cleveland, OH 44130
Cardtronics ATM 1650 Snow Rd, Parma, OH 44134
PNC Bank ATM 6565 Ridge Rd, Parma, OH 44129
ATM (Key Bank) 1808 Snow Rd, Parma, OH 44134
ATM (Fifth Third Bank) 6953 Ridge Rd

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