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Payday Loans in Miami, FL: Stores, Costs and Rules
Updated November 2026 · By Payday Loans Reviews Editorial Team · Not a lender
Payday loans are legal in Miami, but they operate under tight state limits. The Florida Deferred Presentment Act caps what you can borrow at $500 and restricts the fee to 10 percent of the check plus a flat $5. For a $500 loan, that works out to a maximum fee of $55. You'll find 26 storefronts listed in our directory scattered across the city, including nine Advance America locations, six ACE Cash Express shops and five Oportun branches.
These rules mean your choices are narrower than in some other states. You can only hold one loan at a time, and rollovers are prohibited, so you cannot extend a loan by paying just the fee again. The typical APR works out to about 304 percent. For example, if you borrow $500 for 14 days, the fee comes to $55 and you will owe $555 on the due date. The short term—between 7 and 31 days—matches up against a median rent of $1,823 and a poverty rate of 14.5 percent in Miami-Dade, which helps explain why some residents look to these loans when cash runs short before payday.
Miami-Dade County · Miami-Fort Lauderdale-West Palm Beach, FL metro area
Miami borrowers and Florida payday laws
- 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.
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.
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 |
|---|---|---|---|
| 712 SW 17th Ave Miami, FL 33135 | (305) 643-4084 | — | 5.0 |
| 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 |
| 7921 Biscayne Blvd Miami, FL 33138 | (305) 758-8526 | — | 4.9 |
| 700 NW 79th St Miami, FL 33150 | (305) 836-5556 | — | 4.8 |
| 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 |
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| 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 |
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| 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 |
— |
| Floor PH, 121 Alhambra Plz office #1435 Coral Gables, FL 33134 | (786) 610-7250 | — | 4.2 |
| 8603 S Dixie Hwy #302 Miami, FL 33143 | (813) 523-4900 | — | — |
| 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 |
| 8247 W Flagler St Miami, FL 33144 | (305) 262-4670 | — | 4.8 |
| 20561 Old Cutler Rd Cutler Bay, FL 33189 | (305) 909-0002 | — | 4.6 |
| 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 |
| 11324 Quail Roost Dr Miami, FL 33157 | (786) 838-4285 | — | 4.9 |
| 1844 SW 8th St Miami, FL 33135 | (866) 488-6090 | — | 4.9 |
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.
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.
Payday loans in Miami: how to apply
Unexpected costs can derail any budget. When quick funds are needed in Miami, we bridge you to trustworthy lenders operating under state license.
Fill out the secure web form from home, obtain a rapid answer, and, with lender approval, watch the deposit hit your account by the next business day.
Why Miami residents use us
- Fast 5-minute request A digital application you complete without stepping into a storefront.
- Bad credit considered Decisions center on verifiable current income rather than only historical credit marks.
- Borrow up to $500 All rates and contract terms must satisfy the requirements of the Florida Deferred Presentment Act.
- Safe & confidential Your sensitive records travel over an encrypted, safeguarded connection.
Notice for Miami residents: Use payday loans only for brief emergencies rather than repeated financial relief. In Florida, allowable fees, interest rates and principal amounts are regulated by the Florida Deferred Presentment Act. Review the entire disclosure and contract thoroughly before adding your signature.
Read more about borrowing in Miami
Who runs payday stores in Miami
| Company | Stores | Share of stores | Average Google rating |
|---|---|---|---|
| Advance America | 9 | 35% | — |
| ACE Cash Express | 6 | 23% | 4.9 |
| Oportun | 5 | 19% | 5.0 |
| OneMain Financial | 4 | 15% | 4.8 |
| loanDepot | 2 | 8% | 4.2 |
Store counts and ratings from our directory. We do not rank or recommend lenders.
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
Miami at a glance: budgets and payday costs
With roughly 1,849,309 people in Miami-Dade County, Miami is Florida's most populous city on this site. The median household income in Miami is $73,852, within 2% of the Florida figure ($75,446); nationally the median is $85,275.
The typical rent in Miami runs about $1,823 a month versus $1,604 statewide. At 40.2% of income going to rent, many renters have little room for a surprise bill. The poverty rate is 14.5% (above Florida's 12.7%). About one in 6 households earns under $25,000 a year. About 4.4% of the labor force is unemployed, versus 4.8% in Florida. The uninsured rate (13.4%) is above the Florida level, which raises the odds of surprise medical costs. Homeownership is 53.8%; the rest of households rent.
For a median Miami household, the $55 fee on a $500 payday loan equals 1.9% of one paycheck, or about 3 hours of work at the local median wage. Rent in neighboring Opa Locka is about $1,497 a month ($326 less). Households in Fort Lauderdale earn a median of $82,228, 11% more. Our directories list 26 licensed loan storefronts, 7 credit unions, 438 bank branches and 98 pawn shops in Miami.
The median home value is $465,347 (36% above the Florida median). The price-to-income ratio is near 6.3. The median individual income is $35,557. It belongs to the Miami-Fort Lauderdale-West Palm Beach, FL metro area.
Nearby cities at a glance
| City | Population | Median household income | Median rent | Poverty rate |
|---|---|---|---|---|
| Miami | 1,849,309 | $73,852 | $1,823 | 14.5% |
| Hialeah | 351,492 | $64,116 | $1,705 | 15.0% |
| Miami Beach | 105,205 | $76,173 | $1,863 | 13.5% |
| Opa Locka | 68,391 | $52,005 | $1,497 | 18.0% |
| Hollywood | 465,344 | $78,450 | $1,802 | 11.2% |
Source: U.S. Census Bureau American Community Survey estimates.
Miami payday loan cost table
| Amount | Fee (14 days) | APR | Repay once | Repay after 2 renewals |
|---|---|---|---|---|
| $100 | $15 | 391% | $115 | $145 |
| $200 | $25 | 326% | $225 | $275 |
| $300 | $35 | 304% | $335 | $405 |
| $400 | $45 | 293% | $445 | $535 |
| $500 | $55 | 287% | $555 | $665 |
Fee of $11 per $100 per term from state rules in our database; renewals only where the state allows them.
FAQ for Miami borrowers
How much do households earn in Miami?
Census estimates show a median household income of $73,852 and a median rent of $1,823 a month in Miami.
How many lenders are there in Miami?
Our directories list 26 licensed loan storefronts and 7 credit unions in Miami, Florida. Credit unions usually charge far less than storefront lenders for small loans.
How much of their income do Miami renters spend on housing?
Renters in Miami spend about 40.2% of their income on housing, against a 30% affordability benchmark, and 14.5% of residents live below the poverty line (statewide: 12.7%).
How much cash can I borrow in Miami?
Loan sizes in Miami typically fall within from $100 up to $500 under Florida law. The exact figure you receive is set by the lender after checking your income, debt load and repayment ability.
Will a poor credit rating keep me from borrowing through a payday loan in Miami?
Yes, depending on your current finances. Network lenders do not rely exclusively on conventional FICO credit scores; instead, they check for reliable ongoing income and an open checking account. Even so, no lender can guarantee approval.