Cash Advance Loans in Florida

How Payday Loans Work in Florida

In Florida, payday loans are legally classified and licensed as deferred presentment transactions. You give the lender a personal check or authorize a debit for the amount you borrow plus the fee, and the lender holds it until your agreed due date, usually your next payday.

A single-payment loan can be up to $500 and runs from 7 to 31 days, and you can have only one outstanding at a time, which is verified through a state database before your loan is approved.

Lenders must be licensed by the Florida Office of Financial Regulation, and the fee is fixed by state law, so it does not change from one licensed lender to the next.

What a Payday Loan Costs in Florida

Representative example: borrow $500 for 14 days. The fee is $55, which is 10% of $500 ($50) plus a $5 verification fee, so you repay $555 on your due date. That single fee works out to about a 287% APR.

A longer 31-day term lowers the APR for the same fee, and a smaller loan carries a higher APR because the $5 verification fee is a larger share of the amount. We show your exact numbers before you sign.

How Florida Law Protects You as a Borrower

• $500 loan limit. A single-payment payday loan in Florida cannot be more than $500.
• Fees fixed by law. A lender can charge no more than 10% of the amount borrowed plus a one-time $5 verification fee. Nothing else can be added on a single-payment loan.
• One loan at a time. You can have only one payday loan outstanding statewide, tracked through a state database, with a 24-hour cooling-off period after you repay before you can take another.
• No rollovers. Florida does not allow a lender to renew or extend your loan for a new fee.
• A 60-day grace period. If you cannot repay on time, the lender must give you 60 extra days at no charge, provided you schedule credit counseling within 7 days of the due date.
• No surprise wage garnishment. A lender cannot take money from your paycheck unless it sues you and wins a court judgment, and you can never be jailed for an unpaid payday loan.

Source: Florida deferred presentment law, Fla. Stat. § 560.402 to 560.408 ($500 single-payment cap, 10% plus a $5 fee, 7 to 31 day term, one loan at a time, no rollovers, 60-day grace period).

Payday lenders are licensed and overseen by the Florida Office of Financial Regulation. Last reviewed June 2026.

How to Get a $500 Cash Advance Fast in Florida

With Superb Cash Advance, $500 is the most you can borrow on a single-payment payday loan in Florida, and you can request the exact amount you need up to that limit.

The fastest way to get $500 is to apply online with your ID, income, and bank details ready. Most applicants get a decision, and approved funds can arrive the same business day.^*

See the requirements and how it works on our $500 cash advance with no credit check page.

Apply Online