Center Hill at a glance
- Population: 1,002, the 332nd-largest community in Florida out of 411 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 844 residents here (US Census Bureau).
- 2020 to 2023 change: an increase of about 18.7% since the 2020 count (US Census Bureau).
- Rank among Florida places: 332nd-largest of 411 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 19% of places in Florida are smaller (US Census Bureau).
- Coordinates: 28.6220 latitude, -82.0150 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Mascotte, FL (7 mi); Bushnell, FL (8 mi); Leesburg, FL (9 mi); Groveland, FL (11 mi); Wildwood, FL (13 mi) (US Census Bureau).
- Smaller places close by: Webster, FL (2 mi); Coleman, FL (13 mi); Bay Lake, FL (31 mi) (US Census Bureau).
What a personal loan costs in Center Hill
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Florida lending rules that apply in Center Hill
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Center Hill
The order below is a sensible way to approach a loan in Center Hill:
- 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.