Title Loan Data for Akron, OH
$4,302
Average Loan Amount
$1,890–$14,271
Loan Range
2014
Average Vehicle Year
18
Loans Funded
Based on 18 loans in Akron from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Ohio regulations.
Actual Title Loans Funded in Akron, OH
Actual loan amounts vary based on vehicle condition, mileage, and Ohio regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2009 | Chevrolet | Silverado 1500 | 120,000 | $1,983 |
| 2022 | Subaru | Outback | 73,000 | $5,000 |
| 2015 | Jeep | Cherokee | 100,000 | $1,890 |
| 2019 | Nissan | NV 200 | 98,000 | $7,000 |
| 2017 | Subaru | Outback | 148,000 | $5,033 |
| 2021 | Jeep | Gladiator | 48,000 | $5,100 |
| 2023 | Volkswagen | Atlas | 10,050 | $14,271 |
| 2019 | Nissan | Rogue | 73,726 | $6,773 |
| 2023 | Mitsubishi | Outlander Sport | 22,000 | $5,746 |
| 2011 | Ford | F150 | 151,000 | $2,418 |
Average Title Loan by Most Common Vehicles in Akron, OH
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Jeep | $15,858 | $2,997 | 3 |
| Cadillac | $8,050 | $3,305 | 3 |
| Toyota | $10,600 | $3,634 | 2 |
| Nissan | $10,638 | $6,887 | 2 |
| Honda | $5,000 | $3,557 | 1 |
Based on 18 loans in Akron from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Ohio regulations.
Did You Know? Akron by the Numbers
What Akron Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Electric and Water Utilities |
| 2 | Emergency Medical Bills |
| 3 | Groceries and Household Essentials |
Based on 18 borrowers in Akron from 2024–2025.
Unemployment Rate in Akron, Ohio
7.8% of Akron residents are currently unemployed, compared to the Ohio state average of 4.6%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Akron, Ohio
The median household income in Akron is $48,076. About 23.3% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Ohio
- Interest rate cap: 25% per year
- Loan range: $2,500 to $15,000 (typical; no state maximum)
- Repayment term: Minimum 6 months; no maximum; fixed monthly installments
- Regulated by: Ohio Department of Commerce – Division of Financial Institutions (DFI)
What a Title Loan Costs in Ohio
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $1,000 | 12 months | 25% | $141 | $1,141 |
| $2,500 | 24 months | 25% | $702 | $3,202 |
| $5,000 | 36 months | 25% | $2,157 | $7,157 |
These are interest-only examples and do not include origination fees. Lender must also charge an origination fee: $15-$200 depending on loan size, or $250 (or 1% of the loan, whichever greater) for loans $5,000+.
📖 Governing law: Consumer Installment Loan Act (CILA), Ohio Revised Code §§ 1321.62 to 1321.702
See all Ohio title loan rules and consumer protections on our Ohio title loans page.
Title Loan Questions for Akron, OH Residents
Bad credit is not the primary factor for title loan approval. These loans are specifically designed for borrowers with poor or no credit history. Approval is based on your vehicle’s value and ability to make payments. A low score does not automatically disqualify you.
No, there is no prepayment penalty. Under Ohio’s CILA, you can pay your balance in full at any time without incurring extra fees. Paying off early reduces your overall cost of borrowing.
Yes. Title loans often come with high costs. In Ohio, a $1,000 loan costs about $21 per month in interest (25% APR), plus a one-time fee of $15 to $200, depending on your loan amount. You should treat this as a short-term option and plan to repay it on time.
Example:
If you borrow $1,000 in Akron, you may pay about $21 per month in interest, plus a one-time fee of $15 to $200 when you receive the loan.
No credit check is required for pre-approval or a free estimate. Approval is based primarily on your vehicle’s value and your ability to repay.
No, a pay stub is not required. Proof of income is needed for title loan approval, but it can take many forms. Bank statements, Social Security award letters, disability benefit documents, tax returns, or other evidence of regular income are generally accepted.
Ohio caps title loan rates at 25% APR under CILA (ORC § 1321.68). Loans are structured as fixed monthly installment loans with a minimum term of 6 months, not single-payment balloon loans.
| Loan Amount | Term | APR | Monthly Payment | Total Interest | Total Repaid |
| $,000 | 12 months| 25% | ~5 | ~41 | ~,141 |
| $2,500 | 24 months| 25% | ~33 | ~02 | ~,202 |
| $,000 | 36 months| 25% | ~99 | ~,157 | ~,157 |
An origination fee also applies: 5 to 00 depending on loan size, or 50 (or 1% of the loan, whichever is greater) for loans of $,000 or more. Actual rates and terms may vary based on the loan amount and the borrower’s specific situation.
Bankruptcy history is less of a barrier for title loans than for traditional financing. Vehicle collateral value and current ability to repay matter more than past credit events. If your bankruptcy has been discharged and you have verifiable income, you may still qualify.
Ohio’s CILA does not set a statutory cap on title loan amounts, so what you qualify for in Akron depends on your vehicle’s value. Loan amounts typically range from $2,500 to 5,000. Most borrowers qualify for up to 50% of their car’s current market value. Get a free estimate online to see what your vehicle qualifies for.
