Payday Loans Davie, FL – Compare Licensed Lenders (2026)

$$500

Max Loan Amount

Active Lenders

15 min

Approval Time

$106K

Population

Davie, Florida, nestled in Broward County, is home to a vibrant population of 105,691. The diverse industries in Davie contribute to an average income of $52,000, while the cost of living is 10% below the national average. In this economically diverse city, residents may occasionally seek quick financial solutions such as payday loans to manage unforeseen expenses. Although state regulations permit payday loans up to $500 with APRs ranging from 300-400%, it's essential to consider the impact of these loans on one's finances.

About Davie

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

Florida Payday Loan Regulations

Max Loan Amount:$500

Max Term:31 days

Typical APR:No limit (typically 300-400%)

Finance Charge:10% of principal or $10, whichever is greater

Regulatory Body:Office of Financial Regulation (OFR)

Payday loans in Florida are legal with restrictions. You can only have one payday loan at a time. 24-hour cooling-off period required between loans.

Important: This information is current as of January 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

Where to Find Payday Loans in Davie

In Davie, the payday lending landscape is unique due to the absence of active local lenders. This means residents seeking payday loans must turn to online platforms to access such financial services. While there are no physical storefronts providing payday loans directly within the city, the ease of online applications offers a viable alternative for those in need. It's crucial for borrowers to explore these digital options to find the best terms and conditions available.

Compare Lenders in Davie

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Davie

Calculation

Loan Amount: $$500

Term: $14 days

APR: $300%

Fee: $$50

Total Repayment: $$550

Effective APR: $260.7%

⚠️ Important Notes

✓ For Davie residents earning $$52,000, this payment is 2.36%
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Davie

✅ Advantages

✓ Process 100% online
✓ Decision in 15 min
✓ Available for Davie residents
✓ No collateral
✓ Early repayment OK

❌ Disadvantages

✗ Higher APR than banks
✗ Limited local lender options
✗ Credit check required

💡 Expert Recommendation for Davie Residents

Rostislav Sikora, a seasoned loan expert, advises Davie residents to consider short-term payday loans for quick financial needs due to the area's lower cost of living. This makes managing repayment more feasible. However, it's crucial to compare APRs and ensure that the loan payment does not exceed 35% of your monthly income before committing.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Davie, FL

How do I get a payday loan in Davie, FL?

Residents of Davie can obtain payday loans through online lenders, as there are no active storefronts in the city.

What's the max I can borrow in Davie?

In Davie, the maximum amount you can borrow through a payday loan is $500, as per Florida state regulations.

Can I get approved with bad credit in Davie?

Yes, many online payday lenders consider applications from individuals with poor credit in Davie.

Are there storefronts in Davie or is it online only?

Currently, payday loans are available online only in Davie, FL, as there are no local storefronts.

How fast can I get money in Davie?

Online payday loans can be approved quickly, often within 15 minutes, with funds typically available by the next business day.

What are the repayment terms for payday loans in Davie?

Payday loans in Davie typically have a short term, often requiring repayment within 14 days.

Are there lower APR alternatives in Davie?

Residents may consider installment loans or credit unions for lower APR options.

Is early repayment possible for loans in Davie?

Yes, most payday lenders allow early repayment without penalties.

What documents are required for a payday loan in Davie?

You'll usually need proof of income, a bank account, and identification.

How does Davie's cost of living affect payday loan decisions?

With a cost of living lower than the national average, residents might find payday loans manageable for urgent needs.

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Davie, FL and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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