Individuals who intend to apply for a payday advance in Ohio should know that this activity is totally legit. To see the details about legit payday loans in Ohio, get familiar with the credit document Ohio Rev. Code Ann. 1321.35 et seq. Short-Term Loan Act. It was indicated before that the max amount of a short-term loan is $1000. Customers should pay back borrowed funds between 91 days to 1 year. If the monthly payment is less than 6% of gross monthly income or 7% of net monthly income, the loan may be for less than 91 days.