Personal loans in Ravenna, OH
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Ravenna, OH.
The median household in Ravenna earns $59,971 a year, 16% below the Ohio median of $71,389. About 19% of residents live below the federal poverty line, and 52.6% of households rent their home.
Ohio law that applies in Ravenna
| 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 Ravenna
Lenders that serve Ravenna 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 Ravenna
What Ravenna borrowers use it for
cover a short gap before payday
Emergencieshandle the unexpected the same week
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Ravenna
- 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 Ravenna
7 FDIC-insured bank branches from 7 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| JPMorgan Chase Bank, National Association | 1 | 235 W Main St, Ravenna 44266 |
| KeyBank National Association | 1 | 145 N Chestnut St, Ravenna 44266 |
| Portage Community Bank | 1 | 1311 E Main St, Ravenna 44266 |
| The Huntington National Bank | 1 | 230 Cedar Ave, Ravenna 44266 |
| PNC Bank, National Association | 1 | 330 E Main St, Ravenna 44266 |
| Hometown Bank | 1 | 100 E Main St, Ravenna 44266 |
| Woodforest National Bank | 1 | 2600 State Route 59, Ravenna 44266 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Ravenna
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Seven Seventeen | 271 S Chestnut St, Ravenna 44266 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Portage County · Payday Loans in Ravenna
Frequently asked questions
Can I get a personal loan with bad credit in Ravenna?
Possibly. Lenders in our network consider applicants with fair and bad credit across Ohio, including Ravenna. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Ravenna, 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 Ravenna?
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 Ravenna?
You can apply at local banks and lenders in Ravenna, 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.
How do I apply for a personal loan with bad credit in Ravenna?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
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 Ravenna borrowers who qualify.
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.
Can I get an emergency loan with bad credit in Ravenna?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Ravenna residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Ravenna?
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.