Personal loans in Miami, FL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Miami, FL.
The median household in Miami earns $62,462 a year, 16% below the Florida median of $74,568. About 19% of residents live below the federal poverty line, and 69.2% of households rent their home. 11.4% of households have no home internet; our form works on any phone.
Florida law that applies in Miami
| 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
Here's what to have on hand before you start your personal loan request in Miami:
- 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
What Miami borrowers use it for
keep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Medical billspay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Miami
- 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
273 FDIC-insured bank branches from 48 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| JPMorgan Chase Bank, National Association | 38 | 850 Ne 125th St, Miami 33161 |
| Bank of America, National Association | 32 | 701 Brickell Ave, Miami 33131 |
| Wells Fargo Bank, National Association | 29 | 300 S Biscayne Blvd, Miami 33131 |
| Truist Bank | 22 | 777 Brickell Ave, Miami 33131 |
| Regions Bank | 18 | 6013 Nw 7th Ave, Miami 33127 |
| Citibank, National Association | 17 | 2001 Biscayne Blvd, Miami 33137 |
| TD Bank, National Association | 14 | 720 Nw 57th Ave, Miami 33126 |
| Ocean Bank | 10 | 780 Nw 42nd Ave, Miami 33126 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Miami
45 credit-union locations from 18 credit unions.
| Credit union | Location |
|---|---|
| American Airlines | 6205 Waterford District Dr, Miami 33126 |
| Jetstream | 7500 Nw 58Th St, Miami 33166 |
| Baptist Health South Florida | 13200 Sw 128Th St, Miami 33186 |
| Miami | 51 Sw 1St Ave Ste 604, Miami 33130 |
| Space Coast | 12200 Sw 127Th Ave, Miami 33186 |
| Educational | 7800 Sw 117Th Ave, Miami 33183 |
| Dade County | 111 Nw 1St St, Miami 33128 |
| Justice | 400 Nw 2Nd Ave Ste 309, Miami 33128 |
| Tropical Financial | 10510 N Kendall Dr, Miami 33176 |
| Guardians | 1902 Nw 14Th Ave, Miami 33125 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Miami-Dade County · Payday Loans in Miami · Title Loans in Miami
Frequently asked questions
Can I get a personal loan with bad credit in Miami?
Possibly. Lenders in our network consider applicants with fair and bad credit across Florida, including Miami. 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, 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?
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.
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 residents can see their options in about 3 minutes.
How can I get an emergency loan in Miami?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Miami with our free 3-minute form.
How long does it take to get a personal loan in Miami?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Miami.
How do I apply for a personal loan with bad credit in Miami?
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.
Do I need to visit a store in Miami?
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.