Installment Loans in Florida
Florida installment loans differ from the state's $500 payday loan cap — personal installment loans for larger amounts are regulated separately under the Florida Consumer Finance Act, allowing up to $25,000 with fixed monthly repayment schedules. Licensed by the Florida Office of Financial Regulation (OFR), these loans offer a sustainable repayment structure that avoids the single-payment risk of short-term payday products.
How Installment Loans Work in Florida
Apply online at primelendingsloans.com from any Florida address. PrimeLendings matches you with OFR-licensed installment lenders in under 90 seconds. You see the full loan offer: APR, monthly payment, number of installments, and total amount due — no surprises. E-sign digitally and receive funds via ACH as early as the next business morning. Serving Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, St. Petersburg, Hialeah, Tallahassee, and all 67 Florida counties.
Eligibility Requirements in Florida
Florida installment loan requirements: age 18+, Florida resident, monthly income from employment, self-employment, gig platforms, or government benefits, active US checking account, government-issued ID. Florida Consumer Finance Act lenders evaluate income-to-debt ratio. Soft credit inquiry at matching — hard pull only if you accept an offer.
- ✓Age 18+ and a Florida resident
- ✓Verifiable monthly income (employment, gig, benefits, or self-employment)
- ✓Active US checking account open 30+ days
- ✓Valid government-issued ID
- ✓Soft credit pull only at pre-qualification
- ✓All credit types considered — income is primary
Installment Loan Costs in Florida
Florida installment loan APR typically ranges from 60% to 299% depending on amount and term. The OFR caps interest at 30% per year on the first $3,000 and 24% per year on amounts $3,001–$25,000 for licensed consumer finance lenders. All fees and costs disclosed under federal TILA. Verify OFR licensing at flofr.gov.
Installment Loans Across Florida
Florida installment loans are available across Miami-Dade, Broward, Palm Beach, Orange, Hillsborough, Duval, Pinellas, and all other counties. The OFR maintains a public license database — always verify a lender is licensed before providing banking information.
Top cities served: Miami · Orlando · Tampa · Jacksonville · Fort Lauderdale · St. Petersburg · Hialeah · Tallahassee
Florida Installment Loan Regulations
Regulator: Florida Office of Financial Regulation
Governing Law: Florida Statutes § 560.404 (Deferred Presentment Transactions)
Recent Change: 2022: OFR strengthened database verification — lenders must query the statewide deferred presentment database to confirm no existing outstanding loan before issuing a new one
Borrower Tip: Florida law requires a 24-hour cooling-off period after two consecutive loans before you can borrow again. Use this pause to evaluate whether a personal installment loan would reduce your total cost.
Regulator Helpline: 1-850-487-9687
Other Loan Options in Florida
Ready to Apply for an Installment Loan in Florida?
5-minute application · Fixed monthly payments · All credit types · Florida Office of Financial Regulation-licensed lenders
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