Payday loans in Florida |
Florida payday loans

Compare your loan options in Florida

Make sure you understand the costs of a payday loan in Florida.

Payday loans, a type of short-term loan, can help you in an emergency if you’re low on cash. Read on to get a better picture about what short-term lending is like in Florida.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No collateral or down payment needed
  • Confidential and secure

    Are payday loans legal in Florida?

    Yes, short-term loans are legal in Florida. Florida requires all payday lenders to be licensed with the state and follow regulations. You can find the main regulations in Florida Statutes Chapter 560.402 et seq. Let’s take a look at how they break down.

    Basic regulations

    • Maximum loan amount: $500
    • Maximum loan term: 31 days
    • Minimum loan term: 7 days
    • Rollovers: None


    Florida doesn’t just regulate how much you can borrow and how long you can take to pay it back. It also has rules about how much your lender can charge you for a short-term loan.

    • Finance charge: 10% of the loan, or $10 for every $100 borrowed
    • Verification fee: $5
    • APR: The APR of a 14-day $100 loan is 419%

    What do Florida’s new regulations mean for me?

    As of March 2018, payday lenders are approved to offer up to $1,000 with repayment terms between 60 and 90 days. Previously, the amount an alternative lender could charge was capped at $500, and the loan couldn’t extend more than 31 days. With the new law, Florida now allows consumers to borrow loans of up to $1,000 from these short-term loan providers. The loan term would last between 60 to 90 days, giving borrowers more time to pay back what they owe. This law makes it possible for borrowers to seek installment loans for their short-term needs but doesn’t eliminate smaller payday loans.

    What's a deferred presentment provider?

    Florida law technically regulates deferred presentment providers, not payday lenders. What’s the difference? For the borrower, they’re basically the same thing.

    Deferred presentment providers work the same way as other payday lenders. They’re required to be licensed in order to service loans. You’ll need to provide either a check or access to a checking account, and the lender will cash either the check or debit the account on the date the loan is due.

    A selection of payday loans you can apply for

    Check the websites of any providers you’re interested in to confirm they operate in your state.

    Rates last updated April 19th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
    LoanByPhone Payday and Installment Loans
    This mobile lender offers convenient cash loans. Apply online or by phone.
    Varies by state
    1–2 business days
    Must be 21 years old and have a Social Security number, a regular source of income, a valid email address, an active checking account and a phone number.
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    3 to 36 months
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

    Compare up to 4 providers

    A brief warning about payday loans

    While payday loans can be a good way to get ahead of your bills, they can be extremely expensive for people without a budget. You loan will always come with a contract that states the total cost — the principal, interest and other charges —that come with borrowing. Because Florida law has a maximum loan term of 31 days, you may struggle to meet the payment deadline.

    Borrowing responsibly is your best bet against going further into debt. In addition, applying for assistance programs can also help you avoid further debt. The Florida Food Assistance Program is one of the ways you can get help paying for your everyday expenses while still saving money to also pay for your debt.

    There are other options to consider before taking out a payday loan

    What do you need to apply?

    You’ll need to be at least 18 years old, a US citizen or permanent resident and have a regular source of income in order to meet the minimum eligibility requirements set by most payday lenders.

    During your application, you’ll need to be prepared to submit personal details, such as you Social Security number, details from your ID and access to your checking account.

    Planning for payday loan expenses keeps you out of permanent debt

    As the federal government determines how to regulate the payday loan industry nationally because of the high cost to consumers, it’s important to remember that a payday loan can be helpful–if you use it right. Because Florida already has helpful regulations in place, the rate of default is lower than the national average. This is due to Florida’s 60-day repayment plan and the credit counseling that comes with it.

    Creating a budget for yourself or your family is one of the best ways to combat debt. Until banks and credit unions offer similar services to people with bad credit who need payday loans, government officials in Florida intend on keeping the laws in place. Many consider this the only way out of an emergency, even if it costs more in the long run.

    Have any more questions about short-term loans in Florida?

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    6 Responses

    1. Default Gravatar
      KaraFebruary 27, 2018

      Is there a loan option on a debit card that I already have in a few hours?

      • Staff
        joelmarceloMarch 7, 2018Staff

        Hi Kara,

        Thanks for leaving a question on finder.

        You can get a prepaid debit card loan since it is legal to have one in Florida. Turn around time would usually be 1-2 days and it will depend on your eligibility.

        If you need anything else, please send me a message.


    2. Default Gravatar
      LorraineSeptember 7, 2017

      I need $4500 – 5000 cash today. What will it take to make this possible?

      • Staff
        JhezelynSeptember 8, 2017Staff

        Hi Lorraine,

        Thank you for your comment.

        Getting a loan and be approved today is actually possible. Consider getting a payday loan if you need one today. You may refer to our page to understand getting a loan in Florida. Compare the list of lenders listed on the page and if you think you’d want to apply and would fit the criteria, you may click the Go to Site button to be redirected to the financial institution’s page.

        Hope this helps.


    3. Default Gravatar
      JackieAugust 27, 2017

      Need cash for rent and medical. Expenses in Florida. Do they do a hard or soft credit check. Is it safe do online? How fast can I get the loan?

      • Staff
        DanielleAugust 27, 2017Staff

        Hi Jackie,

        Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

        While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender. In-store applications can be processed the same day so you can see your money within hours. Online applications take 24 hours to process, but the money will be directly deposited into your bank account.

        I hope this helps.


    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

    Go to site