‘How much can I borrow?’ doesn’t have one answer in Florida — it depends entirely on which Florida loan caps apply to the specific product you’re looking at.
Quick answer: Florida caps single-payment payday loans at $500 and installment payday loans at $1,000 under the Deferred Presentment Act, while title loans depend on vehicle value and other personal loan products, sometimes marketed up to $30,000, follow entirely separate rules.
Caps by product
- Single-payment payday (deferred presentment) loans: $500, exclusive of fees, 7-to-31-day term
- Installment payday loans: up to $1,000, 60-to-90-day term
- Title loans: tied to your vehicle’s appraised value under Florida’s separate Title Loan Act
- Personal or installment loans marketed more broadly: some online lending networks advertise amounts reaching into the thousands or more, but these fall under different consumer finance statutes with their own licensing and rate rules, not the payday framework
Why a bigger advertised number isn’t the same as a payday cap
If you see a loan-matching service advertise a wide range like ‘$100 to $30,000,’ that reflects the full range of products in their lender network — installment loans, personal loans, and more — not a change to Florida’s $500 payday cap. Always ask which specific product and statute governs the offer you’re actually given.
Check before you apply
Whatever the cap, confirm the lender’s OFR license and read the required disclosure — finance charge, APR, and total of payments — before signing anything.
Frequently asked questions
$500, exclusive of fees, under the Deferred Presentment Act.
That reflects the full range of products across a lender network, not the specific $500 or $1,000 payday caps; larger amounts fall under different loan types entirely.
Not necessarily; the cost per dollar borrowed depends on the fee and rate structure, not the ceiling.
This article is educational and is not financial or legal advice. Before you borrow, confirm the lender is licensed with the Florida Office of Financial Regulation (OFR).