Florida Installment Loans: Rates, Terms & Examples

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Licensed Florida lenders make installment loans of up to $25,000, at no more than 36% a year on the first $10,000 and with no origination fee.

Check Your Options

Borrow	Up to $25,000, repaid in equal payments
Rate cap	36% a year on the first $10,000; 30% and 24% above
Example	$2,000 over 12 months: about $200.92 a month at the maximum
Fees	Up to $25 for a credit check; no prepayment penalty
You need	ID, income details and a bank account

See Example Payments

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What You'd Pay: Example Loans at the Legal Maximum

Loan amount

$2,000

12 monthly payments

Monthly payment

$200.92

at the 36% cap

Total of payments

$2,411.04

plus a credit check fee of up to $25

APR

~39%

with the $25 fee

Examples worked out from Florida law, not offers from lenders in our network. A lender can charge less, and your offer shows the exact APR, payments and total cost before you sign.

Loan	Payments	Interest
$500	6 × $92.30	$54
$1,000	12 × $100.46	$206
$3,000	24 × $177.14	$1,251
$5,000	36 × $229.02	$3,245
$15,000	48 × $583.31	$12,999
$25,000	60 × $848.50	$25,910

These use the highest rates Florida allows: 36% on loans up to $10,000, while the $15,000 and $25,000 examples blend in the 30% and 24% tiers. A lender can charge less. Add up to $25 if the credit investigation fee is charged.

Two Kinds of Florida Installment Loan

	Installment payday loan	Consumer finance loan
Amount	Up to $1,000	Up to $25,000
Term	60 to 90 days	Set by your contract
Price cap	8% of the balance every two weeks (about 208% APR) plus a $5 verification fee	36% a year on the first $10,000, plus a $25 credit check fee

For a few hundred dollars over a few weeks, see Florida payday loan rules. For anything larger, a consumer finance loan usually costs far less.

What You Need to Apply

Have a government ID, details of your income and an active bank account ready.
Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR and total of payments before you sign.
Check the lender's Consumer Finance Company license in Florida's Verify a License search.

If You Fall Behind or Want Out Early

Late fees only after 12 days, and only if you agreed in writing: up to $15 on a monthly payment.
A returned payment costs the greater of $20 or the lender's actual bank charge.
Pay early in any amount; interest stops on the day you pay.
Refinancing with the same lender can roll in no more than 60 days of unpaid interest.
After a federal disaster declaration, lenders in affected counties must pause late fees, repossessions and lawsuits for 90 days.

Common Questions

How do you qualify for an installment loan in Florida?

Each lender sets its own requirements. To request through LendUp you'll need an ID, income details and a bank account, and any lender making the loan needs a Florida consumer finance license.

Is an online installment lender legit?

Check it in the Office of Financial Regulation's Verify a License search under Consumer Finance Companies. A loan that charges more than Florida allows isn't enforceable in Florida.

What's the interest rate cap on Florida installment loans?

36% a year on the first $10,000, 30% on $10,000 to $20,000 and 24% on $20,000 to $25,000, since July 1, 2024.

Can a Florida lender charge an origination fee?

No. Up front, a lender can charge only a credit investigation fee of up to $25.

Can I pay off a Florida installment loan early?

Yes. Prepayment penalties are banned, and interest is charged only up to the day you pay.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

← Florida loan rules

Florida Installment Loans: Rates, Terms and What You'd Pay