Please read this disclaimer carefully before using Snap Loans Cash. It explains what our service is, what it is not, and the Florida rules that apply to payday loans for Orlando borrowers.
We are a connection service, not a lender
Snap Loans Cash does not lend money, make credit decisions, or charge you any fee. We are a loan-connection service that may match your request with third-party lenders licensed to operate in Florida. Any loan you receive comes from an independent lender, on that lender’s terms, which you should read in full before you accept.
Florida payday loan rules
Payday loans (called “deferred presentment transactions”) are legal in Florida under Chapter 560 of the Florida Statutes, Parts II & III (§560.404), and Rule 69V-560, Florida Administrative Code. Under that law:
- The loan amount may not exceed $500, and you may have only one outstanding loan at a time.
- The fee may not exceed 10% of the amount borrowed, plus a $5 verification fee.
- The term must be between 7 and 31 days.
- Rollovers are prohibited — you must repay in full and wait 24 hours before a new loan.
- If you cannot repay on time, the lender must offer a 60-day grace period at no additional charge, provided you schedule credit counseling within 7 days and complete it within the 60-day window.
Cost example
A $500 loan carries a $55 fee (10% + $5 verification fee) for a 14-day term — roughly a 287% APR. Payday loans are short-term, higher-cost credit and are not intended for long-term financial needs. Please consider lower-cost alternatives first.
Regulator and complaints
Florida deferred presentment providers are licensed and regulated by the Florida Office of Financial Regulation (OFR), Division of Consumer Finance. Phone: (850) 487-9687. Rules on this page were verified on July 5, 2026 and may change; always confirm current terms with your lender and the regulator.