Ohio pawn loan calculator
$36
maximum charge for the first month
- Total charges
- $36
- To get your item back
- $536
- Monthly rate
- 7.2%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Ohio
Ohio pawn loan rules
| Maximum charge | Interest up to 6% a month on the unpaid principal, plus storage of up to $6 a month per loan. |
| Grace period | After 3 months without payment, the pawnbroker must mail a notice and wait 30 days. |
| Holding periods | Items bought outright are held 15 days; police can hold an item up to 30 days. |
| ID required | Government-issued photo ID. |
| Renewals | Paying interest and fees keeps the loan going. |
| Other fees | Notice fee up to $5; firearms: government cost plus up to $10. |
What a pawn loan costs in Ohio
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $12 | $112 |
| $250 | $21 | $271 |
| $500 | $36 | $536 |
| $1,000 | $66 | $1,066 |
| $2,000 | $126 | $2,126 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Licensed pawn shops
Ohio publishes its list of licensed pawnbrokers: Ohio Division of Financial Institutions license roster. We matched each listed shop by street address: 58 of 79 appear on it and are marked state-licensed. A shop that is not marked may still be licensed under another address or name; check the official list.
Before you pawn in Ohio
- Bring a valid government-issued photo ID.
- Ohio ID rule: Government-issued photo ID.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Columbus or Dayton.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Ohio?
At the legal maximum, $36 for the first month, so $536 to get the item back after one month. A $1,000 loan costs up to $66 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Ohio?
Grace period: After 3 months without payment, the pawnbroker must mail a notice and wait 30 days.
What ID do I need to pawn in Ohio?
Government-issued photo ID.
How many pawn shops are listed in Ohio?
79 pawn shops in 6 cities: Columbus, Dayton, Cleveland, Cincinnati, Toledo, Akron. 58 of them match the state's official list of licensed pawnbrokers.
Sources
- Ohio R.C.§4727.06: codes.ohio.gov
- Ohio R.C.§4727.11; O.A.C.1301:8-5-07: codes.ohio.gov
- Ohio R.C.§4727.12: codes.ohio.gov
- Ohio R.C. §4727.11: codes.ohio.gov
- Ohio R.C. §4727.12: codes.ohio.gov