Fast Online Payday Loan [ MIRAMAR ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Miramar Florida USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Miramar, FL installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Miramar, FL, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Miramar Florida Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| Capital Car Title Loans | 2212 S State Rd 7, Miramar, FL 33023 | +1 786-481-0276 |
| Epic Loans | 7971 Riviera Blvd #322, Miramar, FL 33023 | +1 844-557-1039 |
| The Check Cashing Store | 3368 S University Dr, Miramar, FL 33025 | +1 954-435-2120 |
| 5 Star Car Title Loans | 2011 Palm Ave Bay A, Miramar, FL 33025 | +1 786-788-7567 |
| Tropical Financial CU | 3050 Corporate Way, Miramar, FL 33025 | +1 888-261-8328 |
| Space Coast Credit Union | 15900 Miramar Pkwy, Miramar, FL 33027 | +1 954-704-5000 |
About Small Loans in Miramar Florida
Understanding the eligibility requirements and the true terms of these loans is crucial before you commit. This guide will break down what you need to know about payday loans in Miramar, FL.
Minimum Requirements for a Payday Loan in Miramar, FL
To qualify for a payday loan in Miramar, lenders must verify that you meet the basic state-mandated criteria. These requirements are designed to be minimal but are strictly enforced. You will typically need to provide:
- Age and Identity: You must be at least 18 years old and a U.S. citizen or permanent resident. A valid, government-issued photo ID (such as a Florida driver’s license or state ID card) is required for verification.
- Proof of Income: Lenders need to confirm you have a reliable source of income to repay the loan. This is most commonly proven with recent pay stubs, but bank statements showing direct deposits or documentation for benefits like Social Security or pensions may also be accepted.
- Active Bank Account: You must have an open checking account in your name. The lender will ask for a voided check or your account and routing numbers. This account is used to deposit the loan funds and to electronically withdraw the repayment on the due date.
- Contact Information: You must provide a valid phone number, your current residential address, and often a personal email address.
- Social Security Number: You will be required to provide your SSN for identity verification and to allow the lender to check your loan history in the state system.
A key part of the Florida application process is the use of the Florida Consumer Finance Network (FCFN). Lenders are required to check this statewide database to ensure you do not have any other outstanding payday loans. Florida law prohibits consumers from having more than one payday loan at a time.
Terms of Payday Loans in Miramar, Florida
The terms for payday loans in Florida are strictly regulated by Chapter 560 of the Florida Statutes, often referred to as the “Deferred Presentment Act.” These rules set clear limits on loan amounts, fees, and durations.
- Maximum Loan Amount: The law caps payday loans at $500.
- Loan Term: The standard term of a payday loan in Florida is a minimum of 7 days and a maximum of 31 days. The due date is typically aligned with your next payday.
- Finance Charges: Florida law sets maximum allowable fees. Lenders can charge:
- $10 for every $100 loaned on amounts up to $250.
- For loans between $251 and $500, the fee is $10 per $100 on the first $250 and $8 per $100 on the remaining portion.
- Example: On a $500 loan, the finance charge would be: ($10 x 2.5 = $25 for the first $250) + ($8 x 2.5 = $20 for the next $250) = $45 total fee. This means you would repay $545 on your due date.
- Equivalent APR: While the flat fee is $45, if you calculate the cost as an Annual Percentage Rate (APR) for a typical two-week loan, it results in an extremely high APR of over 300%.
- Right to Rescind: You have the right to cancel the loan agreement at no cost by the end of the close of business on the next business day after the loan is funded. You must do so in writing and return the full principal amount.
- Payment Plan: This is a critical consumer protection in Florida. If you cannot repay your loan when it is due, you are entitled to request a 60-day extended payment plan once in a 12-month period. You must request this plan before the close of business on the next business day before your loan is due. The lender cannot charge any additional fees for this service, and you will repay the loan in substantially equal installments over the 60-day period.
