Title Loan Data for Toledo, OH
$3,777
Average Loan Amount
$1,000–$14,271
Loan Range
2014
Average Vehicle Year
18
Loans Funded
Based on 18 loans in Toledo 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 Toledo, OH
Actual loan amounts vary based on vehicle condition, mileage, and Ohio regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2018 | Chevrolet | Traverse | 78,000 | $4,029 |
| 2022 | Honda | Accord | 12,262 | $14,271 |
| 2015 | Kia | Optima | 48,000 | $5,033 |
| 2015 | Kia | Rio | 54,000 | $1,890 |
| 2011 | Ford | E350 Vans | 130,000 | $3,432 |
| 2016 | Chevrolet | Equinox | 100,069 | $1,890 |
| 2011 | Ford | F150 | 213,000 | $3,000 |
| 2008 | Chevrolet | Silverado 1500 | 229,560 | $2,000 |
| 2019 | Chrysler | Pacifica | 60,000 | $2,750 |
| 2019 | Chevrolet | Silverado 1500 | 58,561 | $2,500 |
Average Title Loan by Most Common Vehicles in Toledo, OH
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chevrolet | $13,979 | $4,368 | 6 |
| Ford | $4,719 | $2,608 | 4 |
| Kia | $5,200 | $3,462 | 2 |
| Honda | $27,000 | $14,271 | 1 |
| Nissan | $3,050 | $2,000 | 1 |
Based on 18 loans in Toledo 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? Toledo by the Numbers
What Toledo 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 Toledo from 2024–2025.
Unemployment Rate in Toledo, Ohio
7.7% of Toledo 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 Toledo, Ohio
The median household income in Toledo is $49,724. About 24.3% 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 Toledo, OH Residents
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 Toledo 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.
A lien-free title is the standard requirement. The lender secures the loan by becoming the recorded lienholder with the Ohio BMV. That process only works if no prior lien exists or is fully satisfied first. When the loan is paid off, the lender removes their lien, restoring your clean title.
A title loan uses your car as collateral to secure borrowing. The loan amount is based on your vehicle’s value. Most borrowers can access up to 50% of what their car is currently worth. The lender files a lien with the Ohio BMV, which protects their interest while you keep driving the vehicle. You make scheduled monthly payments, and once the loan is repaid in full, the lender releases the lien and your title is returned free and clear.
To apply for a car title loan in Toledo, you will need:
• Your car title in your name (paid off or nearly paid off)
• A government-issued photo ID
• Proof of income
• Proof of Ohio residency
• Your Social Security number
Good credit is not required. Approval is based primarily on your vehicle’s value and your ability to repay.
Yes. You may still qualify with bad credit or a past bankruptcy. Approval is based mainly on your vehicle’s value and your ability to repay.
