Payday Loans Kent, OH – Compare Licensed Lenders (2026)

$$1000

Max Loan Amount

Active Lenders

15 min

Approval Time

$29K

Population

Kent, Ohio, nestled in the heart of the state with a population of 29,144, boasts a diverse range of industries contributing to an average income of $52,000. The city's cost of living is approximately 10% below the national average, making it an attractive locale for residents seeking an affordable lifestyle. In such a setting, the need for quick financial solutions like payday loans often arises, whether due to unforeseen expenses or temporary cash flow issues. With strict state regulations capping payday loan APRs at 28%, residents can turn to these financial tools to manage short-term financial challenges effectively.

About Kent

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

Ohio Payday Loan Regulations

Max Loan Amount:$1,000

Max Term:12 months minimum

Typical APR:28% (short-term loan law applies)

Finance Charge:Interest-based (28% APR cap)

Regulatory Body:Division of Financial Institutions

Ohio passed the Fairness in Lending Act in 2018, capping APR at 28% and requiring minimum loan terms of 90 days.

Important: This information is current as of January 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

Where to Find Payday Loans in Kent

The lending landscape in Kent is unique due to the absence of active payday lenders in Ohio. Residents seeking payday loans will find themselves reliant on online-only lenders, as there are currently no storefront options available in the city. These online platforms typically offer quick application processes and fast approvals. However, it's crucial for borrowers to conduct thorough research and ensure that any online lender they consider is reputable and licensed to operate under Ohio state regulations.

Compare Lenders in Kent

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Kent

Calculation

Loan Amount: $$500

Term: $14 days

APR: $28%

Fee: $$5.37

Total Repayment: $$505.37

Effective APR: $28.0%

⚠️ Important Notes

✓ For Kent residents earning $$52,000, this payment is 1.35%
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Kent

✅ Advantages

✓ Process 100% online
✓ Decision in 15 minutes
✓ Available for Kent residents
✓ No collateral required
✓ Early repayment is an option

❌ Disadvantages

✗ Higher APR than traditional banks
✗ Limited to online options only in Kent
✗ Credit check may be required

💡 Expert Recommendation for Kent Residents

According to loan expert Rostislav Sikora, the lower cost of living in Kent means that short-term payday loans can be viable for immediate needs. However, it's crucial to manage these loans responsibly. Before signing any agreement, compare the APR offered by different lenders and ensure that your payment does not exceed 35% of your monthly income to maintain financial stability.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Kent, OH

How do I get a payday loan in Kent, OH?

You can apply for a payday loan online due to the lack of storefronts in Kent. Ensure the lender is licensed in Ohio.

What's the max I can borrow in Kent?

In Kent, OH, you can borrow up to $1,000 due to state regulations.

Can I get approved with bad credit in Kent?

Yes, many online lenders consider factors beyond credit scores, making loans accessible even with bad credit.

Are there storefronts in Kent or is it online only?

Currently, Kent does not have any storefront payday lenders; options are online only.

How fast can I get money in Kent?

With online lenders, you can typically receive funds within 24 hours after approval.

Is the APR capped in Kent, OH?

Yes, Ohio state law caps payday loan APRs at 28%.

What are the repayment terms for payday loans in Kent?

Repayment terms usually range around 14 days, but it's essential to confirm with your lender.

Can I repay my payday loan early in Kent?

Yes, many lenders allow early repayment without penalties.

What should I check before choosing a lender in Kent?

Ensure the lender is licensed in Ohio and compare APRs to find the best option for you.

Nearby cities in Ohio

Compare options in nearby Ohio cities. Rates and approval times can vary by lender.

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Kent, OH and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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