Personal loans in Miami Beach, FL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Miami Beach, FL.
The median household in Miami Beach earns $72,856 a year, about the same as the Florida median of $74,568. About 14% of residents live below the federal poverty line, and 59.1% of households rent their home.
Florida law that applies in Miami Beach
| Rate cap | 36% a year on the first $10,000 of principal, 30% on the part from $10,000 to $20,000, and 24% on the part from $20,000 to $25,000. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Loans of $25,000 or less (including lines of credit up to $25,000). |
Full rules with statute citations: Personal Loans in Florida. Cities in Florida cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Miami Beach
Lenders that serve Miami Beach typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Miami Beach
What Miami Beach borrowers use it for
the fastest options online
Rent duecover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Miami Beach
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Miami Beach
34 FDIC-insured bank branches from 15 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Bank of America, National Association | 5 | 1414 Alton Rd, Miami Beach 33139 |
| JPMorgan Chase Bank, National Association | 4 | 1801 Alton Rd, Miami Beach 33139 |
| City National Bank of Florida | 3 | 300 71st St, Miami Beach 33141 |
| Truist Bank | 3 | 901 Arthur Godfrey Rd, Miami Beach 33140 |
| Regions Bank | 3 | 780 Arthur Godfrey Rd, Miami Beach 33140 |
| Wells Fargo Bank, National Association | 3 | 1614 Alton Rd, Miami Beach 33139 |
| Citibank, National Association | 3 | 1824 Alton Rd, Miami Beach 33139 |
| First Horizon Bank | 2 | 1501 Alton Rd, Miami Beach 33139 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Miami Beach
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Brightstar | 827 Arthur Godfrey Rd, Miami Beach 33140 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Miami-Dade County · Payday Loans in Miami Beach · Title Loans in Miami Beach
Frequently asked questions
Can I get a personal loan with bad credit in Miami Beach?
Possibly. Lenders in our network consider applicants with fair and bad credit across Florida, including Miami Beach. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Miami Beach, FL?
Licensed consumer finance lenders: 36% a year on the first $10,000, lower tiers above, for loans up to $25,000.
How fast can I get a personal loan in Miami Beach?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Can I get a personal loan in Miami Beach with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Miami Beach residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
How do I apply for a personal loan with bad credit in Miami Beach?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Miami Beach borrowers who qualify.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Miami Beach residents can see their options in about 3 minutes.
Do I need to visit a store in Miami Beach?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.