Personal Loans in Ohio
SET Financial is a free matching service that connects Ohio residents with third-party lenders who make all credit decisions and set all rates and terms.
Get StartedSET Financial is a lead-connection service for new loan requests, not the lender. Not everyone who applies will be matched or approved.
Connecting Ohio Residents with Lenders
SET Financial is not a lender in Ohio. We are a loan connection service that matches Ohio residents with third-party lenders in our network, including lenders who consider applicants with bad, thin, or limited credit. Submitting a request is free and never guarantees approval, because each lender independently decides whether to make a loan and on what terms.
An installment loan is money borrowed as a lump sum and repaid over a set schedule of fixed payments, usually monthly, until the balance is paid off. Ohio residents commonly use personal and installment loans to consolidate higher-cost debt, cover car or home repairs, handle medical or dental bills, manage moving costs, or bridge an unexpected expense between paychecks. Because payments are predictable, many borrowers find them easier to budget than open-ended credit.
How It Works
- ✓ Share a few details about what you're looking for
- ✓ We connect you with lenders in our network
- ✓ The lender reviews your request and any offer
- ✓ You decide whether to move forward with the lender
- ✓ SET Financial is never a party to your loan
Who the Network Works With in Ohio
Bad credit
A past-due history or low score does not automatically rule you out. Some lenders in our network review applicants with bad credit and weigh factors beyond the score, though approval and terms are always the lender's decision.
Thin or no credit
If you have little or no credit history, certain lenders may look at income, employment, and banking activity instead of relying only on a credit file. We can connect you, but the lender decides.
Self-employed or 1099 income
Freelancers and contractors can request a match. Some network lenders accept bank statements, invoices, or other proof of 1099 income in place of traditional pay stubs.
Fixed income
Borrowers on Social Security, disability, retirement, or other fixed income may still qualify with some lenders that count steady, verifiable monthly income when reviewing an application.
Ohio Rates and Your Protections
Consumer lending in Ohio is overseen by the Ohio Department of Commerce, Division of Financial Institutions, whose Consumer Finance section administers laws such as the Ohio Consumer Installment Loan Act and the General Loan Law. Under the Consumer Installment Loan Act, a licensed lender making a loan with a term longer than six months is generally limited to a 25 percent interest rate (28 percent for an open-end loan), while other loan types fall under separate Ohio statutes. Actual rates, fees, and terms depend entirely on the individual lender, the product, and your qualifications. SET Financial does not lend, is not licensed as a lender in Ohio, and does not set any rates or terms.
You can confirm a lender is licensed by checking the Ohio Department of Commerce, Division of Financial Institutions, and you should always review the APR, fees, and full repayment terms shown on the loan agreement before you sign.
Regulator: Ohio Department of Commerce, Division of Financial Institutions.
Serving Borrowers Across Ohio
The lender network works with residents statewide, including:
Columbus · Cleveland · Cincinnati · Toledo · Akron · Dayton · Parma · Canton
Common questions
Quick answers. For more, see our full FAQ page.
Does SET Financial lend money in Ohio?
No. SET Financial is not a lender and is not licensed to lend in Ohio. We are a free matching service that connects Ohio residents with third-party lenders who make all credit decisions and set every rate and term.
Who regulates consumer lenders in Ohio?
Consumer lenders in Ohio are overseen by the Ohio Department of Commerce, Division of Financial Institutions. Its Consumer Finance section administers laws including the Ohio Consumer Installment Loan Act and the General Loan Law.
What interest rate can a lender charge in Ohio?
It depends on the loan type and the governing statute. Under the Ohio Consumer Installment Loan Act, a licensed lender making a loan with a term over six months is generally capped at 25 percent interest, or 28 percent for an open-end loan. Your actual APR is set by the lender and appears on your loan agreement.
Can I get matched with bad credit in Ohio?
Possibly. Some lenders in our network consider applicants with bad, thin, or no credit, but no result is guaranteed. Each lender independently decides whether to approve you and on what terms.
How do I verify a lender is licensed in Ohio?
You can check a lender's license status through the Ohio Department of Commerce, Division of Financial Institutions. Always review the APR, fees, and repayment terms on the loan agreement before signing.