El Portal at a glance
- Population: roughly 1,897 people; 296th of 411 places in Florida (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,987 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down about 4.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Florida places: 296th of the state's 411 Census places (US Census Bureau).
- Size percentile: roughly 28% of places in Florida rank below it by population (US Census Bureau).
- Coordinates: 25.8553, -80.1962 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Miami Shores, FL (1 mi); Biscayne Park, FL (2 mi); North Bay Village, FL (3 mi); North Miami, FL (4 mi); Miami Beach, FL (4 mi) (US Census Bureau).
- Nearest smaller communities: Indian Creek, FL (4 mi); Golden Beach, FL (9 mi); Medley, FL (10 mi), each a US Census place.
What a personal loan costs in El Portal
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Florida lending rules that apply in El Portal
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 |
|---|---|---|
| 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 El Portal
Here is a short checklist for comparing personal loans in El Portal:
- 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.