Quick answer
Tampa, FL residents can get loans from licensed lenders regulated by the Florida Office of Financial Regulation (OFR). Payday loans are legal. Call (800) 236-7761 or use the form to see which lenders will work with you today.
Loan options for Tampa residents
Florida law determines what loans are available, what they cost, and who can lend. Here is how each product stands under current Florida law:
| Loan type | Status in FL | Key limits |
|---|---|---|
| Payday / cash advance | Legal | Single-payment transaction fee limited to 10% of the amount advanced, plus a ver |
| Cash advance | Legal | Licensed lenders |
| Title loans | Legal | Title loan charges are governed by Florida Statutes 537.011 (the exact cap was n |
| Installment loans | Restricted | Florida Consumer Finance Act (Chapter 516): maximum interest rate 36% per annum |
| Bad credit loans | Restricted | Special limits apply |
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Florida loan rules at a glance
All loan products in Tampa follow Florida law. Licensed lenders are regulated by the Florida Office of Financial Regulation (OFR). Here are the key provisions for the most common loan types:
Florida loan rules at a glance
- Payday max amount
- $500 face amount of the check for a single-payment deferred presentment transaction ($1,000 for a deferred presentment installment transaction)
- Payday term
- 7 to 31 days (single payment); 60 to 90 days for a deferred presentment installment transaction
- Payday cost cap
- Single-payment transaction fee limited to 10% of the amount advanced, plus a verification fee up to $5; installment tran
- Title loan term
- Minimum 30 days
- Title loan rate
- Title loan charges are governed by Florida Statutes 537.011 (the exact cap was not quoted in this review)
- Payday licensing
- A deferred presentment provider must be licensed under Part II/III of Chapter 560; unlicensed payday lending is illegal
- Governing statutes
- Chapter 516, Chapter 537, Chapter 560, Florida Consumer Finance Act
Regulator: Florida Office of Financial Regulation (OFR) · Statutes: Chapter 516, Chapter 537, Chapter 560, Florida Consumer Finance Act · Last verified: 2026-10-08
Cheaper options in Tampa
Before you take a high-cost loan, check these local alternatives:
- County, area code(s), nearby cities for Tampa (Census / FCC / state sources)
- Florida product statuses restated concisely with regulator link (city inherits state law; never invent city-level law)
- Tampa-specific local alternatives: credit unions offering PALs, municipal/state utility hardship programs, Tampa 211 entry
- Nearby-city internal links