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Payday loans in Florida

Payday loans for bad credit in Florida

Payday loans are allowed in Florida from state-licensed lenders (Deferred Presentment Provider license). Here are the limits Florida law sets, what a typical loan can cost, and where to get free help if you need it.

Last updated .

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Part of the Florida guide

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What Florida law allows

Payday loans in Florida
ProductStatusAPR capAmountTermLicenseLaw
Payday loans[1][2][3] Allowed Fee cap Up to $500 7 days to 31 days Deferred Presentment Provider license Fla. Stat. ss. 560.402-560.408
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.
The rules in full

Payday loans

Rate cap
No stated APR cap; fees are capped instead. A deferred presentment provider may charge a fee not exceeding 10% of the currency/payment instrument provided, plus a verification fee authorized under s. 560.309(8). The 10% fee may not be applied to the verification fee. No other fees are permitted.
Fees
Single-payment: fee capped at 10% of the amount advanced plus a verification fee of up to $5 (s. 560.309(8)). Installment deferred presentment (up to $1,000, 60-90 days): fee capped at 8% of the outstanding balance on a biweekly basis.
License
Deferred Presentment Provider license (Florida OFR, Money Services Businesses, ch. 560 part IV F.S.).

Full detail for every loan type: Florida lending laws.

Money snapshot for Florida

Florida household data
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[4]$1,973FY2026
Population[5]23,372,2152024
Unemployment rate[6]4.5%2026-08

Other options in Florida

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Emergency loans in Florida: allowed under Florida law; see its limits and license rules.
  • Installment loans in Florida: allowed under Florida law; see its limits and license rules.
  • Personal loans in Florida: allowed under Florida law; see its limits and license rules.
  • Title loans in Florida: allowed under Florida law; see its limits and license rules.
  • Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
  • Nonprofit credit counseling. A counselor accredited by the National Foundation for Credit Counseling can help you build a budget or a debt management plan.
  • Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
  • Local assistance. Call 211, or visit 211.org, for emergency help with rent, utilities and food in Florida.

See every loan type Florida law allows.

Payday loans in nearby states

Sources

  1. Justia. law.justia.com/codes/florida/2016/title-xxxiii/chapter-560/part-iv/section-560.404. Retrieved September 23, 2026.
  2. flofr.gov. Florida Office of Financial Regulation (OFR). Retrieved September 23, 2026.
  3. flsenate.gov. Fla. Stat. ss. 560.402-560.408. Retrieved September 23, 2026.
  4. National Low Income Housing Coalition. Out of Reach 2026: Florida. Retrieved September 23, 2026.
  5. U.S. Census Bureau, Population Division. Vintage 2024 National and State Population Estimates. Retrieved September 23, 2026.
  6. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

Important disclosures

APRs vary by lender and state in Florida. Each lender sets its own rates and terms and must show you the APR before you sign.

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  • Questions about a lender licensed in Florida? Contact the Florida Office of Financial Regulation (OFR) or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.