Payday loans in Florida
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Florida payday loan rules at a glance
| Governing law | Florida Statutes Chapter 560, Part IV (deferred presentment transactions), ss. 560.402-560.408. (Fla. Stat. s. 560.404) |
|---|---|
| Maximum loan | $500 per single-payment loan (not counting fees). For an installment payday loan, neither the check amount nor the outstanding balance may exceed $1,000. (Fla. Stat. s. 560.404(5)) |
| Fees / interest cap | Single-payment loan: fees may not exceed 10% of the amount provided, plus a verification fee (OFR states this as $5.00). Installment loan: fees may not exceed 8% of the outstanding balance every two weeks. Prepayment penalties are banned. (Fla. Stat. s. 560.404(6)) |
| Minimum term | 7 days for a single-payment loan; 60 days for an installment payday loan. (Fla. Stat. s. 560.404(8)) |
| Maximum term | 31 days for a single-payment loan; 90 days for an installment payday loan. (Fla. Stat. s. 560.404(8)) |
| Rollovers / renewals | Not allowed. A lender may not roll over a payday agreement, or pay off or extend one payday loan with the proceeds of another from the same or an affiliated lender. (Fla. Stat. s. 560.404(18)) |
| Cooling-off period | 24 hours. A lender may not make you a new payday loan until at least 24 hours after your previous one ended. (Fla. Stat. s. 560.404(19)) |
| Loans at one time / database | One at a time, across all lenders. Lenders must check a statewide real-time database before every loan. (Fla. Stat. s. 560.404(19), (24)) |
| Extended payment plan | Single-payment loans: if you cannot pay by the end of the term, the lender must give you a 60-day grace period at no extra charge, as long as you make an appointment with an approved consumer credit counseling agency within 7 days and finish counseling within the 60 days. Installment payday loans instead allow one deferral of one scheduled payment. (Fla. Stat. s. 560.404(22), (23)) |
| Returned-payment fee | If your check bounces, the lender may recover the charges its bank imposed on it, plus insufficient-funds charges allowed by law. It may not add collection costs unless a court awards them. (Fla. Stat. s. 560.406(2)-(3)) |
| Criminal charges for bounced check | You cannot face criminal penalties for a check written under a payday agreement. Lenders can still use civil remedies. (Fla. Stat. s. 560.406(1)) |
How much will I repay?
Florida does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
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Lenders must follow the law of the state where you live, not where you visit.
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Also see: Personal Loans in Florida · Title Loans in Florida · All Florida loan options
Frequently asked questions
Are payday loans legal in Florida?
Payday loans (called deferred presentment transactions) are legal in Florida from lenders licensed by the Office of Financial Regulation, under Part IV of Chapter 560, Florida Statutes. Both single-payment loans and installment payday loans are allowed.
How much can you borrow with a payday loan in Florida?
$500 per single-payment loan (not counting fees). For an installment payday loan, neither the check amount nor the outstanding balance may exceed $1,000.
How much do payday loans cost in Florida?
Single-payment loan: fees may not exceed 10% of the amount provided, plus a verification fee (OFR states this as $5.00). Installment loan: fees may not exceed 8% of the outstanding balance every two weeks. Prepayment penalties are banned.
How many payday loans can you have at once in Florida?
One at a time, across all lenders. Lenders must check a statewide real-time database before every loan.
Can you roll over a payday loan in Florida?
Not allowed. A lender may not roll over a payday agreement, or pay off or extend one payday loan with the proceeds of another from the same or an affiliated lender.
Do Florida payday lenders have to offer a payment plan?
Single-payment loans: if you cannot pay by the end of the term, the lender must give you a 60-day grace period at no extra charge, as long as you make an appointment with an approved consumer credit counseling agency within 7 days and finish counseling within the 60 days. Installment payday loans instead allow one deferral of one scheduled payment.
Can a payday lender press criminal charges in Florida?
You cannot face criminal penalties for a check written under a payday agreement. Lenders can still use civil remedies.
Can I get a payday loan on the weekend in Florida?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Florida residents can start a request now; it takes about 3 minutes.
Do payday loans in Florida affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Florida residents can see their options with our 3-minute form.
Can I get a payday loan online in Florida?
Yes. You can request a payday loan online from anywhere in Florida, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Florida residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
How much does a payday loan cost in Florida?
Single-payment loan: fees may not exceed 10% of the amount provided, plus a verification fee (OFR states this as $5.00). Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Florida borrowers in about 3 minutes.