Personal loans in New Franklin, OH
U.S. Census Bureau, ACS 2020–2024 5-year estimates for New Franklin, OH.
The median household in New Franklin earns $90,244 a year, 26% above the Ohio median of $71,389. About 6% of residents live below the federal poverty line, and 11.7% of households rent their home.
Ohio law that applies in New Franklin
| Rate cap | Small Loan Act: 28% a year on the first $1,000 of the balance and 22% on any amount above $1,000. |
|---|---|
| License required | Yes. |
| Loan sizes covered | The Small Loan Act covers loans of $5,000 or less. |
Full rules with statute citations: Personal Loans in Ohio. Cities in Ohio cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in New Franklin
Lenders that serve New Franklin typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in New Franklin
What New Franklin borrowers use it for
pay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Rent duecover a short gap before payday
Loans for your situation
How to get a personal loan in New Franklin
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Summit County
126 FDIC-insured bank branches from 24 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| The Huntington National Bank | 22 | 106 S Main St, Akron 44308 |
| PNC Bank, National Association | 15 | 2710 E Aurora Rd, Twinsburg 44087 |
| JPMorgan Chase Bank, National Association | 14 | 1805 Brittain Rd, Akron 44310 |
| Fifth Third Bank, National Association | 13 | 40 North Ave, Tallmadge 44278 |
| KeyBank National Association | 12 | 379 S Main St, Akron 44311 |
| Citizens Bank, National Association | 10 | 10300 Northfield Rd, Northfield 44067 |
| U.S. Bank National Association | 7 | 2630 Bailey Rd, Cuyahoga Falls 44221 |
| Peoples Bank | 4 | 158 E Cuyahoga Falls Ave, Akron 44310 |
| First National Bank of Pennsylvania | 4 | 497 E Aurora Rd, Macedonia 44056 |
| Flagstar Bank, National Association | 4 | 2783 State Rd, Cuyahoga Falls 44223 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Summit County
29 credit-union locations from 15 credit unions.
| Credit union | Location |
|---|---|
| Integrity | 971 Wooster Rd W, Barberton 44203 |
| Summit | 100 Wheeler St, Akron 44311 |
| New Horizon | 180 2Nd St Sw, Barberton 44203 |
| Seven Seventeen | 1 N Hawkins Ave, Akron 44313 |
| National Police | 1810 Buchholzer Blvd, Akron 44310 |
| Towpath | 2969 Smith Rd, Fairlawn 44333 |
| Genfed Financial | 2492 Wedgewood Dr Ste B, Akron 44312 |
| Bfg | 445 S Main St, Akron 44311 |
| Buckeye State | 197 E Thornton St, Akron 44311 |
| Oc | 8600 Alexandria Dr, Macedonia 44056 |
| Ohio Healthcare | 1174 Battles Ave, Akron 44314 |
| Firestone | 31 Hanna Pkwy, Coventry Township 44319 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Summit County · Payday Loans in New Franklin
Frequently asked questions
Can I get a personal loan with bad credit in New Franklin?
Possibly. Lenders in our network consider applicants with fair and bad credit across Ohio, including New Franklin. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in New Franklin, OH?
Licensed lenders capped at 21%-28% a year depending on license; Consumer Installment Loan Act 25%.
How fast can I get a personal loan in New Franklin?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Where can I find a loan for bad credit in New Franklin?
You can apply at local banks and lenders in New Franklin, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Can I get a personal loan in New Franklin with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. New Franklin residents can see if they qualify for $100 to $5,000 in about 3 minutes.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to New Franklin borrowers who qualify.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. New Franklin residents can see their options in about 3 minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Do I need to visit a store in New Franklin?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.