Online Loans in OhioGet Started
If you face an emergency expense, would you have the savings to cover it? If not, an online loan in Ohio may be able to help! With a Line of Credit through CreditFresh, you may be able to qualify for an online loan between $500 to $3,500. While you may run into hidden terms and unexpected fees with online loans in Ohio, the terms of a Line of Credit through CreditFresh are transparent and straightforward.
The process of submitting a request for this online loan in Ohio is quick and simple. If approved, you’ll be able to access funds whenever the need arises, as long as you have available credit. Simply request a draw on your personal Line of Credit from your available credit and the funds may be in your account the same business day3!
Note: A Line of Credit is a type of online loan. As a revolving credit product, you can request draws, repay and redraw as needed from your available credit.
Online Loan Summary
Credit Limit: $500 to $3,500
Loan Type: Line of Credit
Minimum Payment: Billing Cycle Charge + Mandatory Principal Contribution
Funding Time: Same Business Day3
Benefits of Choosing Online Loans through CreditFresh in Ohio
Access Credit When You Need it
- Have the financial flexibility to handle emergency expenses.
- Have access to your available credit when you need it by requesting a draw online.
- Funds may be in your bank account the same business day3.
Excellent Customer Service
- Our dedicated Customer Service team is here to help!
- You can reach us 7 days a week for any questions relating to loan products offered through the CreditFresh website.
- We’re here to help you access the funds you need when an emergency strikes.
Transparent, Easy-to-Understand Product
- Straightforward repayment terms without hidden charges.
- A simple Billing Cycle Charge structure
- Have access to a secure online account to review your agreement
Online Loans through CreditFresh in Ohio – The Details
If you face an emergency expense like an unexpected medical bill and you don’t have the funds to handle it, an online loan in the form of a line of credit may be the safety net you need to tackle this expense!
$500 to $3,500.
Making a Draw
Withdraw available funds all at once, or in smaller amounts as needed, from your available credit, so long as your account is in good standing. If you request a draw, funds may be deposited into your bank account the same business day3.
Repayment of Your Online Loan in Ohio
If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle.
You will be issued a periodic statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your periodic statement will include important details such as your Minimum Payment and your Payment Due Date.
Your Minimum Payment will be made up of two components:
- Billing Cycle Charge: this will be calculated based on your Average Daily Principal Balance that appears on your periodic statement (see details below); and
- A Mandatory Principal Contribution which helps ensure you are always paying down your Outstanding Principal Balance.
You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties.
The Cost of an Online Loan through CreditFresh in Ohio
For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your periodic statement.
Billing Cycle Charge Table:
If the “Average Daily Principal Balance” appearing on your periodic statement is:
If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be:
If you are paid monthly, your Billing Cycle Charge will be:
|$0.01 - $9.99||$5.00||$10.00|
|$10.00 - $249.99||$15.00||$30.00|
|$250.00 - $499.99||$30.00||$60.00|
|$500.00 - $749.99||$40.00||$80.00|
|$750.00 - $999.99||$55.00||$110.00|
|$1,000.00 - $1,249.99||$70.00||$140.00|
|$1,250.00 - $1,499.99||$85.00||$170.00|
|$1,500.00 - $1,749.99||$95.00||$190.00|
|$1,750.00 - $1,999.99||$105.00||$210.00|
|$2,000.00 - $2,249.99||$115.00||$230.00|
|$2,250.00 - $2,499.99||$120.00||$240.00|
|$2,500.00 - $2,749.99||$135.00||$270.00|
|$2,750.00 - $2,999.99||$145.00||$290.00|
|$3,000.00 - $3,249.99||$160.00||$320.00|
|$3,250.00 - $3,500.00||$175.00||$350.00|
Frequently Asked Questions
What are the minimum requirements to qualify for an online loan in Ohio through CreditFresh?
In order to qualify for a Line of Credit through CreditFresh, you must:
- Be of legal age to contract in Ohio
- Be a US citizen or a permanent resident
- Be a resident of Ohio
- Have an active bank account
- Have a regular, consistent source of income
- Have a valid contact number and an active email address
Please note that currently, no credit products offered through CreditFresh have charges that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Will I need a bank account to be approved for this online loan in Ohio?
Yes, you’ll need to have an active bank account to be approved.
Are online loans offered through CreditFresh in other states?
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Delaware, Florida, Idaho, Indiana, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nebraska, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin in addition to Ohio.
How is a line of credit different than an installment loan?
Unlike installment loans, this type of loan is a revolving form of credit. This means, if you’re approved, you can draw any amount from your available credit, either in small amounts or all at once as needed. As you pay down your balance, you can continue to borrow money when you need it from your available credit, so long as your account is in good standing. Being able to request draws, repay and redraw as needed may make emergency loans online useful when you’re faced with an unexpected expense.
We’re here to help!
If you’re searching for guidance or information on the process of requesting an online loan in Ohio through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about this Line of Credit by visiting our general FAQs page.