Title Loan Data for Canton, OH
$3,249
Average Loan Amount
$1,907–$8,400
Loan Range
2014
Average Vehicle Year
6
Loans Funded
Based on 6 loans in Canton 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 Canton, OH
Actual loan amounts vary based on vehicle condition, mileage, and Ohio regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2014 | Chrysler | Town & Country | 190,112 | $2,286 |
| 2016 | Jeep | Wrangler | 66,693 | $8,400 |
| 2011 | Honda | Odyssey | 185,000 | $2,789 |
| 2009 | Cadillac | Escalade | 200,000 | $1,907 |
| 2017 | Ford | Escape | 96,085 | $2,400 |
| 2015 | Jeep | Cherokee | 200,000 | $2,000 |
| 2015 | Buick | Encore | 66,271 | $2,000 |
| 2008 | Ford | F250SD | 172,000 | $3,000 |
| 2016 | Toyota | RAV4 | 106,376 | $3,500 |
| 2016 | Toyota | Camry | 200,000 | $2,000 |
Average Title Loan by Most Common Vehicles in Canton, OH
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Jeep | $10,475 | $5,200 | 2 |
| Buick | $8,050 | $2,000 | 1 |
| Cadillac | $4,175 | $1,907 | 1 |
| Ford | $6,750 | $2,400 | 1 |
| Honda | $3,450 | $2,789 | 1 |
Based on 6 loans in Canton 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? Canton by the Numbers
What Canton Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Electric and Water Utilities |
| 2 | Emergency Medical Bills |
| 3 | Groceries and Household Essentials |
Based on 6 borrowers in Canton from 2024–2025.
Unemployment Rate in Canton, Ohio
7.8% of Canton 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 Canton, Ohio
The median household income in Canton is $43,188. About 27.4% 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 Canton, OH Residents
Yes, title loans carry higher rates than bank loans, personal loans, or credit union products. Ohio law sets a 25% APR cap under ORC § 1321.68, and origination fees apply on top of interest. Compare the total cost of a title loan against other options before committing, and treat title loans as emergency financing.
Applying from home is straightforward. You submit your title details, vehicle photos, income documentation, and ID through the online application. Once reviewed and approved, funds are sent electronically. The process works entirely online, so Canton residents can complete everything without traveling to a location.
You must have a valid Ohio title to complete a title loan. If yours is lost or misplaced, apply for a duplicate through the Ohio BMV using Form BMV 3774, available at bmv.ohio.gov. Visit your local BMV title office in person if you need the replacement as quickly as possible, as in-person processing is typically faster than mail.
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 Canton, 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.
