Compare short-term loans in Miami | finder.com
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Compare short-term loans in Miami

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Find a provider near you, but beware of tribal lenders.

When you need money fast or can’t qualify for traditional loans, a payday loan might be your only option. In Miami, you can apply online or in stores for up to $500, though picking up your loan in person is usually your quickest option.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
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Can I get a payday loan in Miami?

Yes, you can get a payday loan in Miami. But there are some limits to how much you can borrow, as well as the rates and terms your lender can offer. In Miami, payday loans must be $500 or less, with terms between seven and 31 days. Your lender also can’t charge more than $15 per $100 borrowed.

Typically, you can get a payday loan as fast as the same day if you pick up your funds in person. If you apply online, you can generally have the money deposited into your account as soon as the next day.

What do I need to apply?

While it varies by lender, you might need to provide the following when applying for a payday loan in Miami:

  • Proof of income. Your lender might ask to see pay stubs, tax returns or bank statements.
  • Proof of a checking account. Lenders often accept debit cards or paper checks as proof.
  • Official ID number. You generally need to provide a valid Social Security number or tax identification number when you apply online.
  • Government-issued ID. A driver’s license, non-driver ID card or passport is usually acceptable.

Compare short-term loans available in Miami

Updated June 24th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$50,000
1 business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$15,000
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

Short-term loan locations near me in Miami

Payday loan stores you can visit in Miami

  • Fast Payday Loans, Inc.5675 W Flagler St, Miami, FL 33134
  • All American Payday Loans.1101 Brickell Ave #310367, Miami, FL 33131
  • Allied Cash Holdings LLC.7955 NW 12th St #300, Doral, FL 33126
  • Miami Instant Payday Loans.4115 SW 72nd Ave, Miami, FL 33155
  • Fast Payday Loans.13300 NW 9th Ave, North Miami, FL 33168
  • Advance America.14645 SW 104th St, Miami, FL 33186
  • Check `n Go.9801 SW 40th St, Miami, FL 33165
  • Payday Loans Miami Brickell. 1111 SW 1st Ave, Miami, FL 33130
  • Miami Payday Loans and Cash Advance. 9090 NW South River Dr, Miami, FL 33166
  • Fast Loans, Inc. 455 SW 8th St, Miami, FL 33130

Miami installment loans

Need more than $500 or more time to pay it off? Starting in July 2019, Miami residents can take out an installment loan of up to $1,000 with terms of 60 to 90 days.

Installment loans tend to come with lower APRs than payday loans, but that doesn’t mean they’re less expensive. Having more time to pay off your loan means there’s more time for interest to add up.

Be cautious of tribal lenders

Currently, you can only get installment loans in Miami through tribal lenders. These lenders are allowed to get around the state’s payday loan laws because they’re governed by tribal law rather than the state or federal government.

This means you have different protections than you would if you borrowed from a licensed Florida payday loan provider. If you need more than $500, read our guide to tribal lending to weigh the benefits and drawbacks.

Bottom line

When you need money fast in Miami, a payday loan could be your only option — especially if you don’t have the credit or income to qualify for a traditional personal loan. But short-term loans come with lots of risks, and the high APRs make it easy to get caught in a cycle of debt.

Read our guide to short-term loans to learn more about how they work. Or check out our page on Florida payday loans to compare other lenders.

Frequently asked questions

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US Payday Loans Offers

Important Information*
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CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Logo for Check into Cash Payday Loan
Check into Cash Payday Loan

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

Logo for OppLoans Installment Loans
OppLoans Installment Loans

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

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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