Payday Loans in Florida
Page last reviewed: October 29, 2026 · Reviewed for accuracy by Peter Kizza
Yes, Florida allows payday loans of up to $500 from lenders licensed by the Office of Financial Regulation (OFR). The fee can't be more than 10% plus a $5 verification fee, so $500 costs at most $55.
| Borrow | Up to $500 per loan, repaid in one payment in 7 to 31 days |
| Example | $500 for 31 days: $555 due, about 130% APR at the maximum |
| Limit | One payday loan at a time statewide, then a 24-hour wait |
| Can't pay? | A 60-day grace period at no charge, with credit counseling |
| You need | ID, proof of income, a bank account and no other open payday loan |
LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.
Florida Payday Fees From $100 to $500
| Borrow | Max fee | You repay | APR, 14 days |
|---|---|---|---|
| $100 | $15 | $115 | ~391% |
| $200 | $25 | $225 | ~326% |
| $300 | $35 | $335 | ~304% |
| $400 | $45 | $445 | ~293% |
| $500 | $55 | $555 | ~287% |
Worked out from Florida law, not offers from lenders in our network; a lender can charge less. The fee is 10% of the cash you get plus $5 to verify your eligibility. It's flat, so a longer term lowers the APR: $500 over the full 31 days is about 130%. No other charges are allowed, not even a database fee.
One Loan at a Time, Checked in a State Database
- Before every loan, the lender checks OFR's statewide database.
- You can't take a new payday loan while one is open with any lender.
- Once you repay, you wait 24 hours before borrowing again.
- You sign a notice confirming both, and your agreement shows the database transaction number.
The 60-Day Grace Period If You Can't Pay
Rollovers and paid extensions are banned. Instead, a single-payment loan gets 60 extra days at no added cost if you:
- Tell the lender, in person or in writing, before the term ends that you can't repay in full.
- Within 7 days, book an appointment with a consumer credit counseling agency from the lender's list, and let the lender know.
- Finish the counseling within the 60 days. If you agree to a repayment plan the agency sets up, the lender has to follow it as well.
Otherwise the lender can deposit your check and use civil collection, but it can't have you prosecuted over the check.
Need More Than $500? Installment Payday Loans
Since July 1, 2019, Florida lenders can also make installment payday loans: up to $1,000, repaid in roughly equal payments over 60 to 90 days. Fees are capped at 8% of the unpaid balance every two weeks, plus the verification fee.
Once per loan, you can move a payment to the end at no charge by telling the lender by noon the business day before. For more than $1,000, or a lower rate, see Florida installment loans, capped at 36% a year on the first $10,000.
From Database Check to Due Date: Getting a Florida Payday Loan
- Make sure you have no payday loan open and haven't repaid one in the last 24 hours; the lender will check.
- Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
- Read the agreement: it shows the fee, a due date 7 to 31 days away and the database transaction number.
Checking a Payday Lender's OFR License
- Open OFR's license search and choose Money Services Businesses.
- Search the company's legal name or trade name, and check that the license is active.
- Match the name and address to the store or website you're using.
Payday lenders also file a declaration of intent with OFR, and willfully breaking Florida's payday rules is a third-degree felony. Questions: (850) 487-9687 (option 1).
Common Questions
Does Florida allow payday loans?
Yes. A lender licensed by the Office of Financial Regulation can lend up to $500 for 7 to 31 days, for a fee of no more than 10% plus a $5 verification fee.
How can I borrow $500 in Florida?
$500 is the largest single-payment payday loan Florida allows, and it costs at most $55. To repay over 60 to 90 days instead, an installment payday loan goes up to $1,000; an installment loan from a consumer finance company goes higher, at lower rates.
Where can I get a payday loan in Florida?
Whether you apply in a store or online, the lender needs an OFR money services business license and a declaration of intent to make payday loans. Check it in OFR's Verify a License search first.
What happens if I can't repay a payday loan in Florida?
Tell the lender before the term ends and ask for the 60-day grace period. It's free if you see a credit counselor within 7 days and finish counseling in time. You can't be prosecuted for the check.
Can I pay off a Florida payday loan early?
Yes, with no penalty, but the fee is earned when you borrow, so paying early doesn't lower it. You can pay in cash or by debit card, not by personal check or credit card.
Official Sources
General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.
- Fla. Stat. 560.402 - Deferred presentment definitions
- Fla. Stat. 560.403 - License and declaration of intent
- Fla. Stat. 560.404 - Deferred presentment transaction rules
- Fla. Stat. 560.4041 - Deferred presentment database
- Fla. Stat. 560.405 - Deposit and early redemption
- Fla. Stat. 560.406 - Returned checks; no criminal penalty
- Fla. Stat. 560.309 - Verification fee limit
- Laws of Florida ch. 2018-26 (SB 920) - Deferred presentment installment transactions
- Laws of Florida ch. 2026-174 (SB 1452) - Debit card redemption of payday checks
- Fla. Stat. 516.031 - Consumer finance rate and fee caps
- Florida OFR - Payday lenders (deferred presentment providers)
- Florida OFR - Deferred presentment provider licensing
- Florida OFR - Verify a license
- Florida OFR - Submit a complaint or tip