- Payday loans are legal in Florida under the Florida Statutes s. 560.404 (deferred presentment).
- The typical APR on a $400 payday loan in Florida was 293% (CRL, June 2023, from state regulator data).
- Borrowing $300 at the maximum fee costs $30 (10% fee) plus a small verification fee.
Payday loan rules in Florida
| Rule | Florida |
|---|---|
| Maximum loan | $500 (single-payment); $1,000 for installment deferred presentment |
| Maximum fee | 10% of the amount provided, plus a verification fee |
| Loan term | 7 to 31 days (installment: 60 to 90 days) |
| Loans at once | One, checked through the state database |
| Cooling-off | 24 hours after a loan ends |
| Rollovers | Not allowed |
| If you cannot pay | A 60-day grace period at no extra charge if you complete credit counseling |
Rules checked 2026-10-04. Laws change, so confirm current limits with the Florida Office of Financial Regulation.
What a payday loan costs in Florida
The Center for Responsible Lending found the typical APR on a $400 single-payment payday loan in Florida was 293%, based on data from the state regulator (June 2023). Under the state’s fee limits, borrowing $300 costs $30 (10% fee) plus a small verification fee. Use our cost calculator to turn any offer into an APR.
Most payday loans are due in one payment on your next payday. If repaying leaves you short again, ask about an extended payment plan and avoid renewals.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
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How to check a lender in Florida
- Make sure the lender is licensed by the Florida Office of Financial Regulation. Many lenders can also be looked up on NMLS Consumer Access.
- Get the APR and finance charge in writing before you sign. Federal law requires them.
- Be careful with online lenders that say Florida law does not apply to them because they are tribal or offshore.
- File complaints with the state regulator and the CFPB.
Cheaper options in Florida
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Florida that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Florida cities
Local guides for 393 Florida cities and towns, with credit unions, nearby towns and the rules that apply.
- Payday loans in Jacksonville
- Payday loans in Miami
- Payday loans in Tampa
- Payday loans in Orlando
- Payday loans in St. Petersburg
- Payday loans in Port St. Lucie
- Payday loans in Hialeah
- Payday loans in Cape Coral
- Payday loans in Tallahassee
- Payday loans in Fort Lauderdale
- Payday loans in Pembroke Pines
- Payday loans in Hollywood
- Payday loans in Gainesville
- Payday loans in Miramar
- Payday loans in Palm Bay
All 393 Florida cities, A to Z
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Florida?
Yes. Payday lending is legal in Florida under the Florida Statutes s. 560.404 (deferred presentment) and is regulated by the Florida Office of Financial Regulation.
What is the typical payday loan APR in Florida?
The Center for Responsible Lending reported a typical APR of 293% on a $400 payday loan in Florida, using state regulator data (June 2023).
Where can I complain about a payday lender in Florida?
Contact the Florida Office of Financial Regulation and file a complaint with the Consumer Financial Protection Bureau.