Age & Residency
Must be at least 18 years old and a legal U.S. resident or citizen with a valid government-issued ID.
Personal Loans in Florida
Florida residents can compare personal loan offers from licensed lenders, check rates without impacting their credit score, and find financing for all credit profiles.
What Is a Personal Loan?
A personal loan is an unsecured installment loan, meaning no collateral is required. It provides a lump sum that you repay over a fixed term (typically 24 to 84 months) with a predictable, fixed interest rate. Lenders determine your APR based on credit score, income, and debt-to-income ratio (DTI). Borrowers with strong credit access the best rates, while options exist for those with lower scores.
Best forBest for funding large, one-time expenses or consolidating debt with predictable payments.
Compare Personal Loan RatesFast Funding
Many Florida-based lenders process complete applications within one business day. After accepting the loan terms, funds are often deposited into a checking account by the next business day, entirely online.
Bad Credit OK
A low FICO score is not an automatic disqualification in Florida. Lenders often evaluate income stability and debt-to-income ratio (DTI) in addition to credit history, creating a viable path to approval for applicants with scores under 620.
Trusted Lenders
All state-licensed lenders in Florida must operate under OFR guidelines, which mandate disclosing the full APR, origination fees, and repayment schedule before a borrower signs any agreement, ensuring transparency.
What Lenders Typically Require
The request may take a few minutes. Here's what most Florida lenders require before they can review your information and decide whether to offer credit.
Verifiable Income
Proof of steady income (e.g., W-2s, self-employment records, or benefits) is needed to assess your repayment ability and DTI ratio.
Active Checking Account
A valid U.S. checking or savings account is necessary for receiving funds and making scheduled monthly payments.
Florida State Regulations
Legal lending restrictions for FL residents.
Max Loan Amount
Up to $25,000
Florida Chapter 516 regulates licensed consumer finance loans. Lenders typically offer amounts from $1,000 to $25,000, determined by the applicant's credit profile, income, and DTI ratio.
Max Term
Up to 60 months
Repayment terms for personal installment loans in Florida generally range from 24 to 60 months. While longer terms lower monthly payments, they also increase the total interest paid over the life of the loan.
APR/Fees
6%-36% APR; no universal cap
Florida does not impose a statewide APR ceiling on personal installment loans over $1,000 from OFR-licensed lenders. The final rate depends on credit score, income, and lender criteria. Applicants with FICO scores above 700 often qualify for rates under 15% APR.
Rollovers
Not allowed
Florida law prohibits rolling over a personal loan with the same lender, a measure designed to prevent consumers from entering cycles of debt.
Information provided is for educational purposes only. Borrowers are encouraged to review all loan terms carefully before signing. Interest rates and fees vary by lender and loan type.
Local Florida Insights
Market Insight: Florida
Florida's average APRs are often higher than in neighboring Georgia, partly due to a larger share of subprime borrowers. However, intense online lender competition has compressed rates for applicants with FICO scores above 680. Comparing offers from three lenders instead of one can lead to significant savings in total interest.
Borrower Protection
Borrowers are protected by the Florida Consumer Finance Act, enforced by the Office of Financial Regulation (OFR). The OFR licenses lenders, investigates complaints, and penalizes firms for misrepresenting APRs or fees. If a lender's quoted rate differs from the charged rate, a complaint can be filed at flofr.gov. This oversight ensures licensed online lenders in Florida operate with greater transparency.
Jordan T.
“The application flow was clear and I knew exactly what to prepare before submitting. Funds reached my account the next business day.”
Monica R.
“I used the resources and calculators first, then compared options with much more confidence. The APR breakdown made the math obvious.”
Devon K.
“Their pre-qualification flow showed me three lenders with no origination fee — I would have missed that on my own.”
Priya S.
“Every offer showed APR and total repayment cost up front. No hidden fees in the fine print.”
Andre L.
“I expected to get rejected with my score, but two partner lenders responded with available terms.”
Why Florida residents choose Bromoney
Florida's market rewards borrowers who compare offers. By using a single platform to review lenders licensed under Chapter 516, consumers can see itemized fees and the true APR upfront. Residents with FICO scores over 680 often secure rates 8–12 percentage points below the state's subprime average by comparing just a few competing offers.
Stay ahead with the Bromoney Payday Loan Calculator
Estimate exactly how much you'll owe before you commit. Enter your loan amount and repayment term to see total costs, including fees and interest, laid out clearly.
Calculate my loanPersonal Loans vs. Alternatives
Home Equity Loan
Borrow against your home's equity for lower rates, but your property is at risk.
- APRs are often lower than unsecured personal loan rates.
- Requires home ownership and sufficient equity; approval can take weeks.
- Defaulting puts your home at risk, unlike unsecured personal loans.
Credit Card Cash Advance
Instant access to cash from your credit line, but high fees and interest apply immediately.
- No application is needed, so funds are available instantly.
- Cash advance APRs are high, and interest accrues without a grace period.
- Personal loans offer lower fixed rates for larger, structured borrowing.
State Regulations and Loan Availability
Personal Loans
Personal loan terms, APRs, and amounts vary by state. California, for instance, caps APRs on certain loans. Other states like Florida and Texas have distinct licensing rules that impact lender availability and terms. Before applying, review your state's regulations to understand the local lending landscape.
Questions about this product
What is a good interest rate on a personal loan in Florida?
For Florida borrowers with FICO scores above 700, a competitive APR is typically between 8% and 15%. Those in the 620-699 range may see rates of 16%-25%, while scores below 620 can result in offers from 26%-36%. Since Florida has no universal APR cap on installment loans over $1,000, the rate is determined by credit profile, income, and DTI. Comparing multiple lender offers is the most effective way to secure the lowest available rate.
How can I get a personal loan with bad credit in Florida?
A low credit score is not an automatic rejection in Florida. Licensed lenders assess the full financial profile, including steady income and debt-to-income ratio (DTI). Effective steps include: (1) documenting all income sources; (2) lowering your DTI below 40% before applying, if possible; and (3) considering a co-signer with stronger credit to improve approval odds and secure a lower rate. Using a matching tool can help connect non-prime borrowers with appropriate lenders.
How much can I borrow with a personal loan in Florida?
Licensed personal loan lenders in Florida typically offer between $1,000 and $25,000. The approved amount depends on verified income, credit score, and existing debt. Applicants with strong credit and low DTI ratios generally qualify for higher loan amounts. Using an online loan calculator to estimate monthly payments helps in requesting a manageable amount.
How long does it take to get a personal loan in Florida?
The timeline from application to funding varies by lender. Submitting a complete application with all required documentation often results in a decision within one business day. After accepting the terms, funds are usually deposited in one to two business days. Delays typically stem from incomplete documentation or identity verification issues. Applying through an online marketplace can streamline the process by matching applicants with suitable lenders.
How does an unsecured personal loan work through BroMoney?
An unsecured personal loan requires no collateral and is repaid in fixed monthly installments. In practice, through BroMoney the process unfolds in four steps: (1) you complete one online form in about 5 minutes, (2) BroMoney matches your profile against its network of 1,200+ licensed lenders using a soft inquiry — a credit check that does not affect your FICO® score — (3) you review the offers returned and select one, (4) the chosen lender originates and funds the loan — typically within 1–3 business days, depending on the lender and your bank's processing schedule. The lender — not BroMoney — sets the APR (Annual Percentage Rate), loan amount, and repayment term, which vary by lender and state law. The final credit decision is subject to that lender's review criteria.
What do I need to qualify and get approved for a personal loan?
Lenders in BroMoney's network of 1,200+ licensed U.S. partners typically evaluate five core criteria when reviewing an application. Those criteria are: (1) credit score — FICO® scores as low as 500 are accepted by lenders on the BroMoney network, (2) verifiable income or employment, (3) DTI (debt-to-income ratio) within the lender's threshold, (4) age 18+, and (5) an active U.S. bank account. An ITIN is accepted in place of an SSN by select partners. BroMoney is a marketplace and does not approve or deny loans — each lender independently reviews your profile and sets its own criteria, so meeting general requirements does not guarantee approval.
Denis Goncharenko5/19/2026
Hybrid Budgeting for Seasonal Income: How to Adapt 50/30/20 and Zero-Based Budgeting
Freelancers, contractors, and seasonal workers need a budgeting system built for income swings – not stable paychecks. This guide shows how to combine 50/30/20 and zero-based budgeting into a hybrid approach anchored by a Minimum Base Income and a seasonal reserve fund.
More solutions
All the other ways you can borrow
We bridge the gap between your financial goals and premier lending services nationwide.
This page is informational and does not guarantee approval. Actual rates depend on your lender and Florida regulations.
Ready to Take Control of Your Finances?
Join millions of Americans who trust our platform to compare rates, find the best loans, and rebuild their credit — all in one place
Bank-level 256-bit encryption