- Payday loans in Opa-locka 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.
- The nearest larger city is Miami Gardens, about 3 miles away.
Opa-locka at a glance
| Opa-locka | |
|---|---|
| Population (2024 Census estimate) | 16,507 |
| Change since 2020 | +0.8% (holding steady) |
| County | Miami-Dade County |
| Size rank among 393 Florida places we cover | 141st |
| Nearest larger city | Miami Gardens (about 3 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Miami-Dade County | 11 |
| Other towns within 25 miles | 54 (about 3,165,451 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
Payday lending in Opa-locka follows Florida state law. Lenders that serve Opa-locka, in a store or online, must be licensed by the Florida Office of Financial Regulation.
Credit unions near Opa-locka
No credit union has its main office in Opa-locka, but these are based elsewhere in Miami-Dade County (NCUA, June 2026):
- Educational Federal Credit Union in Miami (federal charter — may offer payday alternative loans (PALs))
- Miami Firefighters Federal Credit Union in Miami (federal charter — may offer payday alternative loans (PALs))
- Compass Financial Federal Credit Union in Hialeah (federal charter — may offer payday alternative loans (PALs))
- Hialeah Municipal Employees Federal Credit Union in Hialeah (federal charter — may offer payday alternative loans (PALs))
- Miami Federal Credit Union in Miami (federal charter — may offer payday alternative loans (PALs))
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.
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Payday loan rules that apply in Opa-locka
The main Florida rules for a payday loan in Opa-locka: 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 Opa-locka
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. Statewide, the typical APR on a $400 payday loan was 293% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Miami-Dade County before you borrow
- Call or text 211 for help with rent, utilities and food in Miami-Dade County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Opa-locka
- Miami Gardens · 3 mi
- Hialeah · 4 mi
- Miami Lakes · 4 mi
- Biscayne Park · 5 mi
- El Portal · 5 mi
- Miami Shores · 5 mi
The nearest larger city is Miami Gardens, about 3 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 Opa-locka?
Yes. Payday loans are legal in Opa-locka under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Opa-locka?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Where is the nearest credit union to Opa-locka?
No credit union is headquartered in Opa-locka, but Educational Federal Credit Union is based in Miami, also in Miami-Dade County.
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