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 today 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 fastest option.

CashNetUSA Loan

For fast cash: CashNetUSA

Get a payday loan, installment loan or line of credit, depending on state availability.

  • Loan Amount: Varies by state
  • Turnaround Time: 1 business day
  • 15% off initial loan fee on payday loans or brokered loans
  • Quick application, no collateral needed
  • Bad credit is OK

    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

    Rates last updated January 18th, 2019
    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 Max. Loan Amount Turnaround Time Requirements
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    $5,000
    1 business day
    Must have direct deposit and meet minimum income requirements
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    $2,600
    1–2 days
    Must have an active checking account, regular source of income and email address.
    Blue Trust Loans Installment Loans
    Get an installment loan from an online tribal lender. Perks for returning borrowers.
    $2,000
    As soon as next business day
    Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    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.
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    $10,000
    As early as 1 business day
    Must have a monthly income of $1,000+ after taxes and valid checking account.
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    $15,000
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    HonestLoans Installment Loans
    Get a flexible installment loan with fast funding through one easy online application form.
    $2,500
    As soon as one 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.

    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 now, 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

    Image source: shutterstock

    Anna Serio

    Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

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    US Payday Loans Offers

    Important Information*
    CashNetUSA Loan

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

    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.

    LendYou Short-term Loans

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

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