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US Cash Advance is a direct payday lender serving Florida residents, including Miami, Tampa, and Orlando. Apply online in minutes for a payday loan up to $500, with a decision the same business day.
Florida payday loans at a glance: Payday loans are legal in Florida and regulated by the Florida Office of Financial Regulation under Fla. Stat. §§ 560.402-560.408. You can borrow up to $500 for a term of 7 to 31 days, at an effective APR of about ~391%. Rollovers are prohibited, and lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: Fla. Stat. §§ 560.402-560.408
The maximum principal for a payday loan in Florida is $500, and the term cannot exceed 31 days, as per Fla. Stat. § 560.404. Rollovers are prohibited, and a license is required to operate as a deferred presentment provider.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 14 days | 391% | $15 | $115 |
| $300 | 14 days | 304% | $35 | $335 |
| $500 | 14 days | 287% | $55 | $555 |
In Florida, a deferred presentment (payday) transaction is capped at $500 borrowed, with a term of at least 7 days and no more than 31 days. Fees are limited to 10% of the amount borrowed plus a verification fee of up to $5 (Fla. Stat. § 560.404(5), (6), (8); § 560.309(8)). Because the $5 is a flat charge, the effective APR falls as the amount borrowed rises; the figures above assume a 14-day term. A longer term lowers the APR further - at the 31-day maximum these same loans work out to roughly 177% ($100) down to 130% ($500). The lender must show you the exact APR before you sign.
Florida residents should be aware that payday loans are capped at $500 and must be repaid within 31 days. Licensing is mandatory for providers, ensuring compliance with state regulations.
Florida law prohibits rollovers of payday loans and mandates a 24-hour cooling-off period between transactions. Consumers can verify a provider's license through the Florida Office of Financial Regulation's database.
Complaint Agency: Florida Office of Financial Regulation (File a complaint)
Verify Lender License: https://law.justia.com/codes/florida/title-xxxiii/chapter-560/part-iv/
Rollover policy for Florida: no. Florida imposes a 1-day cooling-off period between loans to prevent continuous debt cycles. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
Florida requires payday lenders to report loan transactions to a state-licensed database. This database helps regulators enforce per-person loan limits and cooling-off periods, and prevents borrowers from taking out simultaneous loans from multiple lenders. When you apply for a payday loan in this state, the lender will query the database to verify your eligibility before funding.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Florida, regulated under Fla. Stat. §§ 560.402-560.408. Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
A payday loan in Florida is a small, short-term loan you repay by your next payday. Under Fla. Stat. §§ 560.402-560.408, you can borrow up to $500 for 7 to 31 days, and the lender's fee works out to an effective APR of about ~391%. The lender discloses your exact fee, total, and due date before you sign, and you repay the full amount plus the fee on the due date.
Florida caps the fee a licensed lender may charge rather than the APR, so there is no statutory maximum APR. On a typical short-term payday loan the effective APR works out to about ~391% under Fla. Stat. §§ 560.402-560.408. Your actual cost depends on the loan amount and term, and the lender must disclose the exact APR and fees in your agreement before you sign.
In Florida, the maximum payday loan amount is $500 under Fla. Stat. §§ 560.402-560.408. Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
In Florida, a payday loan term runs 7 to 31 days under Fla. Stat. §§ 560.402-560.408. The due date is usually tied to your next payday and is stated in your loan agreement. Repaying on time avoids rollover fees and extra finance charges.
No. In Florida, payday loan rollovers are not allowed under Fla. Stat. §§ 560.402-560.408. You cannot extend the loan by paying only the fee and pushing back the due date, a practice that fuels long-term debt. If you cannot repay on time, ask the lender about an extended payment plan.
Yes. Florida requires a 1-day cooling-off period between payday loans under Fla. Stat. §§ 560.402-560.408. After repaying a loan you must wait this many days before taking out another, which limits back-to-back borrowing. The waiting period applies across all licensed lenders in the state.
Yes. Florida requires payday lenders to check a statewide database before issuing a loan under Fla. Stat. §§ 560.402-560.408. The database enforces per-borrower limits and cooling-off periods and blocks simultaneous loans from multiple lenders. When you apply, the lender queries it to confirm your eligibility.
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