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Compare short-term loans in Miami, FL

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

Updated

Fact checked

Editor's choice: OppLoans Installment Loans

OppLoans Installment Loans logo
  • Easy online application
  • Quick approval
  • Long repayment terms
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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.

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.

Compare short-term loans available in Miami

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$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.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$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.
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
BadCreditLoans.com
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
Slam Dunk Loans
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
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Compare up to 4 providers

Documents needed 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.

Short-term loan locations 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.

Must read: 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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