![]() Since all loans are collateral based, there are no specific minimum or maximum loan repayment periods, as the customer can choose to forego repayment of the loan amount at any time without penalty.Loans provided by The Money Vault or Kohn’s Loans Company do not require repayment, as they are collateral loans.Money Vault and Kohn’s Loan Company are subject to the Tate Law – Section 4727.06 of the Ohio Pawnbrokers Act, Section 4727.06.The following disclosures are made in accordance with Google’s Advertising Policies for personal loans and credit. installment contract, a loan of $4,500 with an interest rate of 29.00% and an APR of 33.10% (inclusive of allowable fees), you would make 42 mo. All loans are made in accordance with applicable Ohio laws.Įxample: Using a 42 mo. Available cash amounts may vary and collateral requirements apply. All loans are made under The Money Vault or Kohn’s Loans Company of Cincinnati and Lima Ohio. Annual Percentage Rates (APRs) is disclosed at the time of loan origination and is known to the customer prior to loan agreement. Minimum and maximum loan amounts, rates, fees, terms and collateral requirements are subject to specific guidelines and may change without notice. Loans are subject to credit approval and normal underwriting standards. You may return at any time (to pick up your collateral item) within the loan term to repay the loan amount with agreed upon interest. Closing a loan is contingent upon your agreement to all of the terms and conditions of the loan agreement and contract. There is no down payment beyond surrendered collateral and there is never a prepayment penalty. There is no standard requirement (per Google’s personal loan advertising policy) to repay a loan within 60 days.Ĭredit history at the time of application, income, debt obligations, collateral and to the extent applicable, prior loan history with The Money Vault or Kohn’s Loan Company are considered in determining eligibility and terms.The following disclosures are made in accordance with Google’s Advertising Policies for personal loans and credit. We are proud to have remained a cornerstone of our community and to continue to serve our loyal customers for so many years. Our spacious 15,000 square foot facility is equipped with a state of the art security system and features a beautiful showroom floor with a stunning jewelry showcase, mounted musical instrument displays and a vast selection of merchandise.Īs one of Lima’s oldest and longest running businesses, we have witnessed the steady growth and rapid changes in our neighborhood over the decades. ![]() In January of 1990, Kohn’s moved from East Market street to the current location at 126 W High Street. ![]() Over the years, we’ve been steadily expanding. In 1968, Kohn’s Loan Company was acquired by the Rabiner family and has remained a family owned and operated business ever since. With the help of his family, he successfully operated the business until the 1950’s, after which the company came under the ownership of various proprietors. Our rich history dates all the way back to 1918, when Philip Kohn, an entrepreneur from Dayton, Ohio, settled in Lima and founded Kohn’s Loan Company on East Market Street. ![]()
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