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Personal loans in Coral Gables, FL

A personal loan in Coral Gables is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Census data place Coral Gables's population near 48,353, the 64th-largest among Florida's 411 Census places. The table below carries the Florida rate caps and licensing rules that apply to a personal loan taken out here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Coral Gables at a glance

  • Population: 48,353 people, the 64th-largest place among Florida's 411 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 49,239 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: down about 1.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Florida places: 64th-largest of 411 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: ahead of around 84% of Florida places in population terms (US Census Bureau).
  • Coordinates: 25.6831, -80.2617 (US Census Bureau Gazetteer).
  • Nearest larger cities (within 120 miles): Miami, FL (7 mi); Doral, FL (11 mi); Miami Beach, FL (11 mi); Hialeah, FL (13 mi); North Miami, FL (16 mi) (US Census Bureau populations).
  • Smaller towns nearby: South Miami, FL (3 mi); Pinecrest, FL (3 mi); Palmetto Bay, FL (6 mi) (US Census Bureau).

What a personal loan costs in Coral Gables

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

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 Coral Gables

The table carries the Florida rate and licensing rules that apply to consumer loans made in Coral Gables.

RuleDetailSource
State lending regulatorFlorida 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 cap10% 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 statusPermitted 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 licensingConsumer 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

How to compare offers in Coral Gables

The steps below are worth completing first when you borrow in Coral Gables:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Florida using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Coral Gables?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Coral Gables are the same as elsewhere in Florida.
How much can I borrow with a personal loan in Coral Gables?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Coral Gables require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Coral Gables hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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