Florida personal loan rates and fees
APR 28.99%–35.99%, tiered by loan amount. 12-month terms. No origination fee, no application fee, and no prepayment penalty.
Every figure below is computed by the same code that quotes a live application, so the examples and the offer come from one source.
APR by loan amount
Smaller loans carry the higher rate: the cost of underwriting and servicing a loan barely falls with its size, so it is a larger share of a small principal.
| Loan amount | APR |
|---|---|
| $2,000 – $3,000 | 35.99% |
| $3,500 – $4,000 | 33.99% |
| $5,000 – $6,000 | 31.99% |
| $7,500 – $10,000 | 28.99% |
Rates current as shown on this page and subject to change. Your APR is set by underwriting and disclosed in your Truth-in-Lending statement before you sign. The lawful ceiling for a Florida licensee at our maximum loan amount is 36.00% simple interest (§ 516.031(1)); our highest offered APR sits below it.
12-month payment examples
| Loan amount | APR | Term | Monthly payment | Finance charge | Total of payments |
|---|---|---|---|---|---|
| $2,000 | 35.99% | 12 mo | $200.91 | $410.92 | $2,410.92 |
| $2,500 | 35.99% | 12 mo | $251.14 | $513.68 | $3,013.68 |
| $3,000 | 35.99% | 12 mo | $301.37 | $616.44 | $3,616.44 |
| $3,500 | 33.99% | 12 mo | $348.11 | $677.32 | $4,177.32 |
| $4,000 | 33.99% | 12 mo | $397.84 | $774.08 | $4,774.08 |
| $5,000 | 31.99% | 12 mo | $492.34 | $908.08 | $5,908.08 |
| $6,000 | 31.99% | 12 mo | $590.81 | $1,089.72 | $7,089.72 |
| $7,500 | 28.99% | 12 mo | $727.43 | $1,229.16 | $8,729.16 |
| $8,000 | 28.99% | 12 mo | $775.93 | $1,311.16 | $9,311.16 |
| $10,000 | 28.99% | 12 mo | $969.91 | $1,638.92 | $11,638.92 |
Representative examples only, not an offer of credit. Each row assumes a 12-month term, on-time payments, and the APR StrideFi currently quotes at that amount; your APR, term, and payment depend on underwriting. Interest accrues daily on the unpaid principal balance, so paying early reduces the finance charge below the figure shown, and paying late increases it. There is no prepayment penalty.
Fee schedule
- Application fee
- None.
- Origination fee
- None. The full principal is disbursed to your account.
- Prepayment penalty
- None. You may prepay in whole or in part at any time (§ 516.031(6)).
- Delinquency charge
- Up to $15 per monthly payment, and only once that payment is at least 12 days in default. This is the maximum Florida § 516.031(3) permits, and it applies only because the promissory note you sign says so.
- Returned payment
- StrideFi charges nothing for a returned ACH payment. Your own bank may charge you for one — that is between you and your bank.
- Autopay
- Optional and free. Enrolling is never a condition of receiving a loan (Regulation E § 1005.10(e)).
Choosing a term
A longer term lowers the monthly payment and raises the total interest. Take $5,000 as an example: 12 months is $492.34 a month and $908.08 in interest.
Because interest accrues daily and there is no prepayment penalty, the longer term is not a worse deal if you pay ahead — you get the lower required payment as a safety margin and pay only for the days the principal is actually outstanding. Underwriting also tests the quoted monthly payment against your verified income, so a longer term can make a larger loan affordable on the same income.
Rate and fee questions
- What APR will I get?
- Our APR is tiered by loan amount within a range of 28.99% to 35.99% — larger loans are priced lower. The rate you are offered is set by underwriting and disclosed in your Truth-in-Lending statement before you sign anything.
- Is there an origination fee?
- No. There is no origination fee, no application fee, and no prepayment penalty. The only charge beyond interest is a delinquency charge of up to $15 per monthly payment, which can only be assessed once a payment is at least 12 days in default — the maximum Florida § 516.031(3) permits. Your own bank may charge you separately for a returned payment.
- How is interest calculated?
- As simple interest accruing daily on the unpaid principal balance. It is never compounded and never collected in advance, both of which Florida § 516.031 requires. Because it accrues on the balance, paying ahead of schedule reduces the total interest you pay below the disclosed finance charge.
- What is the highest rate Florida law allows?
- For a licensed consumer finance loan, § 516.031(1) permits 36% simple interest on the first $10,000 of principal, then 30% on the portion from $10,000 to $20,000 and 24% from $20,000 to $25,000. Because StrideFi lends only up to $10,000, only the first tier ever applies, and our highest offered APR of 35.99% sits below it.
- Does a longer term cost more?
- Yes — a longer term lowers the monthly payment and raises the total interest, because the principal is outstanding for longer. Both figures are shown for every term below. Since there is no prepayment penalty, choosing a longer term for payment safety and then paying ahead gets you the lower payment without the higher cost.
- Can my rate change after I sign?
- No. The APR, monthly payment, and term are fixed for the life of the loan.
Related pages
Ready to see your own numbers? Check your eligibility.
StrideFi is an online lender — we have no branch locations. Loans made by Stride Financial LLC under the Florida Consumer Finance Act (Chapter 516) to Florida residents statewide. Amounts from $2,000 to $10,000; APR 28.99%–35.99%; terms up to 12months; no prepayment penalty. Approval, loan amount, APR, and term depend on underwriting, including identity, income, and bank-account verification — not every applicant qualifies, and applying is not a guarantee of credit. Funding times depend on your bank's ACH processing.