Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Miami, Florida
Florida payday loan rules that apply in Miami
- Max loan amount
- $500
- Min loan term
- 7 days
- Max loan term
- 31 days
- Finance charge cap
- 10% of check + $5 fee
- Max absolute fee
- $55
- Typical APR
- ~304%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- 1 active loan
- Right to rescind
- Next business day
- Governing law
- Florida Deferred Presentment Act
- Regulator
- FL Office of Financial Reg.
Miami at a glance
| Metric | Miami | Florida | United States |
|---|---|---|---|
| Population | 1.8M | 21.9M | 332.3M |
| Median household income | $73,852 | $75,446 | $85,275 |
| Median rent | $1,823/mo | $1,604/mo | $1,432/mo |
| Income spent on rent | 40.2% | 35.8% | 31.6% |
| Homeownership | 53.8% | 67.2% | 65.4% |
| Poverty rate | 14.5% | 12.7% | 12.6% |
| Unemployment rate | 4.4% | 4.8% | 5.3% |
| Without health insurance | 13.4% | 11.9% | 8.6% |
| Veterans | 2.1% | 7.7% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Miami
Move the sliders to see what a payday loan would cost under Florida rules and how it compares with local incomes.
Florida maximum: $500
Florida maximum: $11
Rollovers are not allowed in Florida.
- Fee
- $55
- Total to repay
- $555
- APR
- 287%
- Share of a two-week household paycheck in Miami
- 1.9%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Miami
- Fee on a $500 loan
- $55
- Share of a two-week household paycheck
- 1.9%
- Hours of work at the local median wage
- 3.2 hours
- Rollovers
- Not allowed in Florida
Example based on the Florida maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Miami in context
- Population rank in Florida
- 1st
- of 93 Florida cities with 50,000+ residents
- Median household income rank
- 50th
- of 93 Florida cities with 50,000+ residents
- Households earning under $25,000
- 17.9%
- ▲ 2.5 pts vs FL
- Median home value
- $465,347
- ▲ 36% vs FL
- Home value to income
- 6.3×
- A $400 emergency expense
- 2.0 days
- of median household income
Payday loan stores in Miami, FL
Licensed storefront lenders in Miami with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the FL Office of Financial Reg. before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10731 West Flagler St. Miami, FL 33174 | (305) 207-1697 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 11865 SW 26th St., A6 Miami, FL 33175 | (305) 221-6144 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 15102 SW 72nd St. Miami, FL 33193 | (305) 386-4410 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 19750 S. Dixie Hwy. Miami, FL 33157 | (305) 254-1910 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 20318 NW 2nd Ave., #5 Miami, FL 33169 | (305) 651-2280 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 2964 SW 8th Street Miami, FL 33135 | (305) 649-8190 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 755 NE 167th St. North Miami Beach, FL 33162 | (305) 651-5574 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 8300 NW 27th Ave. Miami, FL 33147 | (305) 836-2092 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 900 SW 67th Ave., Ste. 35 Miami, FL 33144 | (305) 265-1112 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 1300 NE 163rd St North Miami Beach, FL 33162 | (305) 948-3382 | — | 4.9 |
| 14546 W Dixie Hwy Miami, FL 33161 | (305) 956-3435 | — | 4.9 |
| 3715a NW 7th St Miami, FL 33126 | (305) 541-4222 | — | 4.9 |
| 700 NW 79th St Miami, FL 33150 | (305) 836-5556 | — | 4.8 |
| 712 SW 17th Ave Miami, FL 33135 | (305) 643-4084 | — | 5.0 |
| 7921 Biscayne Blvd Miami, FL 33138 | (305) 758-8526 | — | 4.9 |
| 11324 Quail Roost Dr Miami, FL 33157 | (786) 838-4285 | — | 4.9 |
| 1844 SW 8th St Miami, FL 33135 | (866) 488-6090 | — | 4.9 |
| 3709 W Flagler St Miami, FL 33134 | (866) 488-6090 | — | 5.0 |
| 5753 NW 7th St Miami, FL 33126 | (786) 429-0704 | — | 5.0 |
| 8335 W Flagler St Miami, FL 33144 | (786) 465-7505 | — | 5.0 |
| 11900 Biscayne Blvd Ste 801 North Miami, FL 33181 | (305) 692-0928 | — | 5.0 |
| 13011 N Kendall Dr Miami, FL 33186 | (786) 292-8957 | — | 4.8 |
| 20561 Old Cutler Rd Cutler Bay, FL 33189 | (305) 909-0002 | — | 4.6 |
| 8247 W Flagler St Miami, FL 33144 | (305) 262-4670 | — | 4.8 |
| 8603 S Dixie Hwy #302 Miami, FL 33143 | (813) 523-4900 | — | — |
| Floor PH, 121 Alhambra Plz office #1435 Coral Gables, FL 33134 | (786) 610-7250 | — | 4.2 |
Fast & secure payday loans in Miami, Florida
Unexpected expenses can happen anytime. If you need urgent cash in Miami, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Miami residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $500 Loan terms must comply with the Florida Deferred Presentment Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Miami residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Florida law (Florida Deferred Presentment Act). Always review the contract terms carefully before signing.
Miami payday loan FAQ
How much cash can I borrow in Miami?
Loan amounts in Miami are typically from $100 up to $500, in line with Florida lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Miami to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Miami with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Miami?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Miami residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Miami or the surrounding Florida area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).