Bay Lake at a glance
- Population: about 23, 410th by size in Florida of 411 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 24 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down roughly 4.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Florida places: 410th by size among 411 communities (US Census Bureau).
- Size percentile: about 0% of places in Florida are smaller (US Census Bureau).
- Coordinates: latitude 28.3892, longitude -81.5784 (US Census Bureau Gazetteer).
- Nearest larger cities: Lake Buena Vista, FL (3 mi); Windermere, FL (8 mi); Winter Garden, FL (11 mi); Kissimmee, FL (11 mi); Oakland, FL (12 mi); each population is a US Census Bureau estimate.
- Smaller places close by: Marineland, FL (91 mi) (US Census Bureau).
What a personal loan costs in Bay Lake
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Florida lending rules that apply in Bay Lake
The sourced rows below are the rules a licensed lender must follow when lending in Florida, and therefore in Bay Lake.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap) Source says: "it shall be usury and unlawful ... to ... charge ... a rate of interest greater than the equivalent of 18 percent per annum simple interest". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Payday lending status | Permitted under license (deferred presentment providers; money services business license under chapter 560) Source says: "Businesses intending to engage in deferred presentment transactions must be licensed as a money services business under chapter 560, Florida Statutes". | Florida Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance loan license required (chapter 516) Source says: "A person must not engage in the business of making consumer finance loans ... unless ... the person first obtains a license from the office". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| State lending regulator | Florida Office of Financial Regulation (OFR) Source says: "The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida's financial services industry". | Florida Office of Financial Regulation as of 2026-09-16 |
| Deferred presentment fee cap | 10% of the amount provided (transactions not repayable in installments) Source says: "A deferred presentment provider or its affiliate may not charge fees that exceed 10 percent of the currency or payment instrument provided". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
How to compare offers in Bay Lake
Here is a short checklist for comparing personal loans in Bay Lake:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Florida using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.