A personal loan is a solid option when you need funds to cover a large expense or consolidate debt to pay down your balances faster. To find the perfect loan, it’s important to limit your search to lenders that operate in your state.
Getting a personal loan in Florida is similar to anywhere else in the country, but lenders must adhere to certain interest rate limitations. You can find national online lenders that work within these limits or instead for a local or regional bank or credit union.
Keep reading to discover our top picks.
How to find the best personal loans in Florida
Taking out a loan in Florida is generally the same as taking out loans in most other states. The only difference is that Florida has stricter interest rate maximums than some other areas. For loans up to $500,000, the maximum per annum simple interest rate is 18%. That jumps to 25% for loans over $500,000.
National and local lenders must adhere to these laws in Florida. Here are nine lenders with flexible personal loan uses. You can click the lender’s name in the table to find out more about its personal loans in the Sunshine State.
| Lender | Best for |
| Credible | Marketplace |
| LightStream | Excellent credit |
| Upgrade | Fair credit |
| SoFi | Good credit |
| Happy Money | Credit card debt |
| First Florida Credit Union | Hands-on application |
| Regions Bank | Secured loans for bad credit |
| Truist | Online application process |
| Florida Credit Union | Multiple loan options |
Online unsecured personal loans in Florida
Most online personal loans are unsecured and offer a convenient and flexible financial solution. We’ve reviewed the lenders below to confirm that they’re available to Florida residents. See which we determined to be the best for different financial situations.
Credible – Best marketplace
- Compare multiple lenders in one spot
- No hard credit check to compare offers
- No fee to use Credible service
Credible is ideal if you’re looking to explore various loan options. As a marketplace, it allows borrowers to compare prequalified offers from multiple lenders in its network. With no impact on your credit score for checking rates, it’s an excellent option for those unsure about their credit history and how it may affect eligibility.
The platform is user-friendly and includes one online application. If you find an offer you like, you can proceed to that lender’s full application by following the directions Credible provides.
LightStream – Best for excellent credit
- Offers competitive rates for individuals with excellent credit
- Maintains a zero-fee policy
- Rewards strong credit histories
- Longer repayment terms available
- Autopay discount may be available
LightStream is a standout choice for borrowers with excellent credit. It offers some of the most competitive rates in the market, which it backs with its Rate Beat program. LightStream will beat any offer a borrower gets with a lower interest rate than it offered by 0.10 percentage points if the rest of the repayment terms are the same.
Upgrade – Best for fair credit
- Customizable loan options
- Repayment terms from 24 to 84 months
- Borrow $1,000 to $50,000
Upgrade provides an accessible option for borrowers with fair credit. This lender simplifies the debt consolidation process by offering direct payments to creditors, which can be helpful for those feeling overwhelmed managing multiple debts. Borrowers can apply with another individual through a joint application, which could help them qualify for a larger loan or lower rate.
SoFi – Best for good credit
- Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2025 was around $32K. Based on loans funded from 1/1/2025-12/31/2025. Information current as of 10/02/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
- Fixed rates from 6.99% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 10/02/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibilitycriteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
- Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to make monthly payments using SoFi’s automatic monthly deduction from a savings or checking account. The discount will discontinue and be lost when you do not have autopay enabled. You’re not required to set up autopay to obtain this loan.
- Member Rate Discount: To be eligible for an additional 0.25% interest rate reduction on a Personal Loan, you must, within 31 days of loan funding, either (1) meet SoFi Plus eligibility criteria, (2) receive an Eligible Direct Deposit into a SoFi Checking or Savings account, or (3) receive at least $5,000 in Qualifying Deposits into a SoFi Checking or Savings account. You must continue to meet at least one of the above eligibility criteria every 31 days to maintain the discount. See the SoFi Plus terms for details on SoFi Plus subscription. For more details on Eligible Direct Deposit or Qualifying Deposits, please see https://www.sofi.com/legal/banking-rate-sheet. Once you become eligible during the initial period, the discount will be removed or reinstated depending on whether the criteria have been met. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest rate that was in place. SoFi reserves the right to modify or terminate this offer at any time for unenrolled participants. You are not required to meet these criteria to be approved for a loan.
- No fees required
- Apply for a personal loan, check your balance and manage payments in the SoFi app
- Membership benefits include discounts on additional SoFi products and services, and invitations to exclusive events
SoFi is an excellent choice for borrowers with good to excellent credit. Its digital experience includes an online application, a mobile app, and a number of educational resources. It offers loans up to $100,000, but its minimum loan amount of $5,000 is higher than most.
Happy Money – Best for credit card debt
- Easy and quick online application
- Transparent pricing
- No fees beyond origination fee
Happy Money’s loan is only available to borrowers looking to consolidate credit card debt. This specialization makes it an attractive option because it designed the entire experience around supporting those looking to get out of debt.
This support comes in the form of educational resources, assistance paying off creditors with the new funds, and letting the borrower choose their repayment schedule to prioritize lower payments or a faster repayment period.
Local Florida personal loans
For a more local personal loan process, consider one of these banks or credit unions with a physical presence in Florida. You’ll find options for secured and unsecured loans to consider and may have more assistance available than an online-only lender.
First Florida Credit Union
First Florida Credit Union personal loans are available to eligible members. To join, you must live or work in one of the state’s 39 counties or belong to a select employee group or Southern Baptist Church in Florida.
You don’t need to pay any origination fee for a personal loan from First Florida Credit Union and can spread out payments for as long as 72 months. If you need assistance with your application, it’s easy to connect with someone to help in a local branch or by phone.
Regions Bank – Best secured loan options for bad credit
Regions Bank stands out in its options for borrowers in all credit categories. Its unsecured loans come with no origination fee or credit check when evaluating loan terms. Plus, the personal loan funding process works fast: you can get preapproved in minutes and may qualify for same-day funding.
It has two personal loan options for Florida applicants with bad credit. The Deposit Secured Loan uses collateral from a Regions account, such as a CD, savings account, or money market account. You can also use a secured installment loan to purchase a tangible asset, such an RV, boat, or motorcycle, which acts as collateral for the loan.
Truist
Truist has the look and feel of a national bank but with a regional footprint that includes Florida. With no origination fees, you’ll get the full loan amount deposited in your account if approved.
Truist has a low minimum loan amount of $3,500. If you don’t need to borrow much, Truist could be a solid fit so you don’t have to pay for more cash than you need. Truist also owns LightStream, which offers online loans up to $100,000.
Florida Credit Union
Florida Credit Union is ideal for borrowers who want options. In addition to standard personal loans, you can apply for a no-hassle loan between $1,000 and $3,000 even with bad credit. It also offers debt consolidation loans and early check advance loans.
Watch for origination fees ranging between $25 and $100 depending on the loan type. One unique perk is FCU’s Skip-A-Pay program, which lets you skip up to two payments per year. Interest still accrues, but can help you during tough financial times.
How to choose the best Florida personal loan
Take your time comparing personal loans in Florida. Not every lender offers the same rates and terms. Start by narrowing your list to lenders with the kind of loan you prefer, whether secured or unsecured.
Then get prequalified so you can get a sense of the loan amount and interest rate you’re eligible for before submitting a full application. This step doesn’t hurt your credit score and saves you time. You only need to submit one application with a clear sense of how much you can borrow and the size of your monthly payment.
I like Truist and Florida Credit Union primarily for their interest rates; if someone is not eligible to be a credit union member, they can apply at Truist. Credible, Upgrade, and Regions have high maximum interest rates, which I recommend avoiding. But if it’s an emergency and the borrower has fair credit, that may be their best option. In that case, I recommend making it a priority to pay the loan off as fast as possible in line with the loan terms (meaning avoid a prepayment penalty if the lender assesses one).
Erin Kinkade, CFP®
About our contributors
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Written by Lauren WardLauren Ward is a personal finance writer who regularly covers topics like mortgages, real estate, tax relief, home equity, business loans, and investing.
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Edited by Kristen Barrett, MATKristen Barrett is a managing editor at LendEDU. She lives in Cincinnati, Ohio, with her wife and their pack of senior rescue dogs. She has edited and written personal finance content since 2015.
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Reviewed by Erin Kinkade, CFP®Erin Kinkade, CFP®, ChFC®, works as a financial planner at AAFMAA Wealth Management & Trust. Erin prepares comprehensive financial plans for military veterans and their families.