- Payday loans in Melbourne follow Florida law (Florida Statutes s. 560.404 (deferred presentment)).
- Borrowing $300 at the state maximum costs $30 (10% fee) plus a small verification fee.
- 1 credit union is headquartered in Melbourne; ask about small-dollar loans before borrowing.
Melbourne at a glance
| Melbourne | |
|---|---|
| Population (2024 Census estimate) | 87,561 |
| Change since 2020 | +2.9% (growing) |
| County | Brevard County |
| Size rank among 393 Florida places we cover | 31st |
| Nearest larger city | Palm Bay (about 11 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Brevard County | 3 |
| Other towns within 25 miles | 14 (about 283,700 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
Whether you borrow at a storefront in Palm Bay or online from Melbourne, the lender must hold a Florida license from the Florida Office of Financial Regulation and follow state limits.
Credit unions in Melbourne
These credit unions have their main office in Melbourne, according to NCUA call report data (June 2026):
- Space Coast Credit Union (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Need $100–$1,000 before payday?
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Payday loan rules that apply in Melbourne
Key Florida limits that apply to Melbourne borrowers: 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). See the full Florida payday loan rules.
What a $300 loan costs in Melbourne
The Center for Responsible Lending put the typical APR on a $400 payday loan in Florida at 293% (June 2023). For $300 at the state maximum, expect $30 (10% fee) plus a small verification fee. Check any offer with our payday loan calculator.
Other help in Brevard County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Melbourne 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.
Towns near Melbourne
- Melbourne Village · 2 mi
- West Melbourne · 4 mi
- Indian Harbour Beach · 5 mi
- Palm Shores · 6 mi
- Indialantic · 6 mi
- Satellite Beach · 6 mi
The nearest larger city is Palm Bay, about 11 miles away. See all 393 Florida cities.
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 Melbourne?
Yes. Payday loans are legal in Melbourne under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Melbourne?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Are there credit unions in Melbourne?
Yes. NCUA data lists 1 credit union with a main office in Melbourne, including Space Coast Credit Union.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Florida Statutes s. 560.404
- Florida OFR — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary