Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / FL
Personal loans, banking, insurance, and debt help in Florida
Floridians take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
37lenders in the dataset
FLstate guide
$2,437/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Florida
Floridians take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
Interest-rate law
The Florida Consumer Finance Act (Chapter 516) caps loans up to $10,000 at 36% simple annual interest, with the schedule topping out at $25,000. Above $25,000, Florida uses its general civil usury statute (Chapter 687): roughly an 18% civil ceiling and 25% criminal usury threshold, with a special allowance up to 25% on loans over $500,000.
| Loan range | Rate | Statute |
|---|---|---|
| Up to $10,000 | 36% simple annual interest cap | Florida Consumer Finance Act, Ch. 516 |
| $10,000 to $25,000 | Lower rate on remaining balance under Chapter 516 schedule | Florida Consumer Finance Act, Ch. 516 |
| $25,000 to $500,000 | Gap area; confirm directly with lender | Not specified in dataset |
| Over $500,000 | Up to 25% special allowance | Ch. 687 |
| Above $25,000 (general) | ~18% civil ceiling / 25% criminal usury threshold | Ch. 687 |
Lender complaints: Florida Office of Financial Regulation
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Fifth Third Bank
- Credit profile
- Not specified
- APR range
- 8.69% – 21.74%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
Huntington Bank
- Credit profile
- Not specified
- APR range
- 8.47% – 25%
- Loan amount
- $0 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
Santander
- Credit profile
- Not specified
- APR range
- 7.99% – 24.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
Truist
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $3,500 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
TD Bank
- Credit profile
- Fair - Excellent
- APR range
- 9.99% – 23.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
Fig Loans
- Credit profile
- Poor
- APR range
- 190% – 209%
- Loan amount
- $300 – $500
Poor or limited credit
Integra Credit
- Credit profile
- Poor
- APR range
- 149% – 399%
- Loan amount
- $500 – $3,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
Rise
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
Florida's Consumer Finance Act caps most personal loans up to $10,000 at 36%, so a debt consolidation loan should come in well under that ceiling, ideally under 20%, to beat a typical credit card rate; above $25,000 Florida's rate structure gets murkier, so comparing offers matters even more.
04 / Banking and credit unions
Banking in Florida
National banks offer scale and convenience, while regional and Florida-based banks compete on relationship banking and faster local decisions.
Banks listed
- Wells FargoNational bank.
- ChaseNational bank.
- Bank of AmericaNational bank.
- TruistHeadquartered in Charlotte, NC.
- Regions BankHeadquartered in Birmingham, AL, with a large Florida branch presence.
- TD BankU.S. headquarters in Cherry Hill, NJ.
- Fifth Third BankHeadquartered in Cincinnati, OH.
- SouthState BankHeadquartered in Winter Haven, FL.
Credit unions
Florida's credit unions are member-owned, not-for-profit institutions offering lower rates and fees than banks, built on a Sun Belt pattern of military and government employer roots.
Florida credit unions posted median membership growth of about 0.0% year over year (Q4 2025 NCUA data), compared to a national median of about -0.5%, alongside solid median loan growth (about 3.5%).
Space Coast Credit Union began in 1951 as Patrick Air Force Base Credit Union, McCoy Federal began at Pine Castle Air Force Base in 1954, and First Florida traces to a 1950 Florida State Welfare Board employees' credit union. Early liberalization happened through steady, individually petitioned field-of-membership expansions rather than one sweeping law, with institutions like Florida Credit Union and Space Coast growing county by county. Florida's decades of rapid population growth reinforced this expansion.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal and requires licensing under Chapter 817 (Part IV) of the Florida Statutes, which regulates 'debt management services' provided by a credit counseling organization. Florida sets some fee limits, minimum insurance requirements, required disclosures, and financial reporting; violations are treated as unfair or deceptive trade practices under Chapter 501. A specific cooling-off period isn't clearly documented.
Companies listed in the dataset
06 / Insurance
Florida insurance
Regulator
Florida Department of Financial Services
Insurance regulator websiteAuto insurance
10/20/10 (no-fault, PIP-based)
Florida is a no-fault state: drivers must carry at least $10,000 in Personal Injury Protection (PIP) plus $10,000 in property damage liability, and are not required to carry bodily injury liability for ordinary registration. If at fault without bodily injury coverage, Florida's Financial Responsibility Law requires carrying it (commonly cited around 10/20/10) and filing an SR-22 for three years.
Homeowners and renters
$2,437/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $175/yr
Florida carries the country's most significant hurricane exposure, with wind, storm surge, and flood damage representing the single biggest homeowner insurance risk; the market has been volatile since 2021 with insurers reducing coverage or leaving the state.
07 / Questions
Florida FAQs
How do I file a complaint against a lender in Florida?
Contact the Florida Office of Financial Regulation, which licenses and supervises consumer finance companies and payday lenders operating in Florida.
How do I file a complaint against my insurance company in Florida?
File with the Florida Department of Financial Services.
What's the maximum interest rate a lender can legally charge on a personal loan in Florida?
For most personal loans up to $10,000, the Florida Consumer Finance Act caps rates at 36% simple annual interest. Above $25,000, the general usury statute applies: roughly an 18% civil ceiling and 25% criminal usury threshold, with up to 25% allowed on loans over $500,000.
What credit score do I need for a personal loan in Florida?
It depends on the lender. Banks and credit unions typically want a FICO score of 700+, online FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor or limited credit at significantly higher APRs.
Are payday loans legal in Florida, and are there caps on fees or loan amounts?
Yes, but tightly capped. Payday loans ('deferred presentment transactions') are capped at $500, with a maximum fee of 10% of the amount advanced plus a $5 verification fee, term of 7-31 days, no rollovers, only one loan at a time, and a 24-hour wait after repayment before a new loan. A separate installment product allows up to $1,000 over 60-90 days.
How long can a debt collector legally pursue an unpaid debt in Florida before the statute of limitations runs out?
Written contracts have a 5-year statute of limitations (Fla. Stat. § 95.11(2)(b)); oral contracts and open accounts have a 4-year window (§ 95.11(3)(k)). Medical debt referred to collection after March 2023 has just a 3-year window. A payment or written acknowledgment can restart the clock.
What's the difference between a debt consolidation loan and debt settlement for someone living in Florida?
A debt consolidation loan pays creditors in full with new borrowed money at a lower rate; credit recovers quickly. Debt settlement negotiates a reduced payoff but damages credit and may create taxable forgiven income. Florida licenses debt settlement providers under its debt management services statute, a real regulatory layer.
