Online Personal Loans in Ohio
Even though a state is developed and can provide a large variety of jobs and employment opportunities there will always be those that will need some financial support. In these situations there are a few good ways to get some financial help. Online personal loans are ideal because they combine some of the features that make both bank loans and short term loans advantageous. Basically personal loans in Ohio are both fast and completely online like short term loans and allow applicants to borrow higher amounts at low interest rates. Personal loans are balanced online loans perfect for borrowers with above average credit scores.
Ohio - Rates & Terms
$1,000 - $5,000
Interest Rate / APR:
12 months - 36 months
If you meet the requirements and qualify for one of our personal loans we will provide you with a financial solution tailored to your needs, based on your financial eligibility. Once approved for a loan you will be provided the full details of the offer including: interest rate, repayment term, payment amount and the total cost of the loan.
Credit Scores in Ohio
In 2011 the average credit score of Ohio was 690, just slightly over the US average which was 687 at the time. The average credit scores mentioned above were discovered after Experian, one of the leading credit reporting companies in the United States performed a research on over three million credit profiles ranging from 303 to 830. As seen in the source material Ohio like most of the states situated midway between the north and the south have an average credit score close to the US average while northern countries tend to have higher and southern countries lower.
State of Ohio Economic Indicators:
- Income per capita: $36.421 (2010); 
- Average weekly wage: $837 (third quarter 2013); 
- Average household income: $45.749;
- State Expenditures ($ in Millions): 58.268 
- Unemployment rate: 6.1% (March 2014) 
Ohio, The Birthplace of Aviation and the Mother of Presidents as this state is also sometimes called is situated in the Midwest United States, it ranks 7th out of the 50 states according to population, 10th based on population density and 34th based on the area it occupies. The state of Ohio is also a very influential state when it comes to politics as it is a swing state and a bellwether in national elections.
In regards to economy, the state of Ohio has a very good standing and nominally it would be the 24th largest economy in the world, ahead of Norway and just behind Belgium. Within the United States of America The State of Ohio ranked 2nd in 2010 for best business climate by Site Selection magazine. Ohio was also awarded with three consecutive Governor's Cups based on business growth and developments.
Ohio's largest industries are manufacturing and financial activities. Each of these two contribute 18.3% to the state's GDP. Other highly important industries both for the State of Ohio and the entire U.S.A. are: aerospace and defense, bioscience, healthcare, pharmaceutical research, education, agriculture, horticulture and floriculture, energy, research and development, automobile manufacturing and many more. As we can see all these industries offer a wide range of employment oportunities, with salaries from high to low. For the residents of Ohio that may not have an ideal financial situation there are personal loans in Ohio that can provide some financial help in dire times.