Orlando payday loan rates are governed by Chapter 560 of the Florida Statutes, Parts II & III. Snap Loans Cash is free to use — we never charge you a fee. The costs below are the maximums a licensed Florida deferred presentment provider may charge; your actual rate and fees come from the lender and appear in your loan agreement before you accept.
Loan Rules in Florida: Rates & Terms at a Glance
| Item | Florida limit |
|---|---|
| Maximum loan amount | $500 per loan; one outstanding at a time |
| Maximum fee | 10% of the amount borrowed + $5 verification fee |
| Loan term | 7 to 31 days |
| Rollovers | Prohibited; 24-hour wait between loans |
| Grace period | 60 days at no charge if unable to repay (credit counseling required) |
APR example: a $500 loan with a $55 fee (10% + $5) over a 14-day term is roughly a 287% APR. Source: Florida OFR; regulator: Florida Office of Financial Regulation. Verified July 5, 2026.
Florida loan rules at a glance
| Rule | Florida limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | $500 per loan; one outstanding loan at a time |
| Maximum term | 7 to 31 days |
| Finance charge cap | 10% of the amount borrowed plus a $5 verification fee |
| Rollovers | Prohibited; must repay in full and wait 24 hours before a new loan (statewide Deferred Presentment Transaction System) |
| Cooling-off period | 24-hour wait between loans; 60-day no-charge grace period if unable to repay (credit counseling required within 7 days) |
| Statute | Deferred Presentment Transactions (Money Services Businesses) — Ch. 560, Fla. Stat., Parts II & III (§560.404); Rule 69V-560, F.A.C. |
Source: Florida Office of Financial Regulation (OFR) · Rules verified July 5, 2026