Florence at a glance
- Population: 24,291 people, the 31st-largest place among Arizona's 91 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 27,406 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down about 11.4% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Arizona places: 31st of 91 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 66% of places in Arizona rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 33.0694, -111.4140.
- Nearest larger cities: Queen Creek, AZ (16 mi); Apache Junction, AZ (23 mi); Casa Grande, AZ (23 mi); Gilbert, AZ (25 mi); Mesa, AZ (29 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Coolidge, AZ (11 mi); Superior, AZ (22 mi); Eloy, AZ (25 mi) — US Census Bureau populations.
What a personal loan costs in Florence
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Arizona lending rules that apply in Florence
The Arizona rate caps and licensing rules that reach Florence are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Not permitted — payday lending authorization expired June 30, 2010; DIFI no longer licenses payday lenders; consumer loans over 36% APR illegal since July 1, 2010 Source says: "The law allowing payday loans in Arizona expired on June 30, 2010. DIFI no longer licenses payday lenders." | Arizona Department of Insurance and Financial Institutions (DIFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lender license required from the deputy director (A.R.S. Title 6, Chapter 5); at least $25,000 in assets readily available per licensed office; license not transferable Source says: "shall not engage in the business of a consumer lender without first being licensed as a consumer lender". | Arizona State Legislature — A.R.S. § 6-603 as of 2026-09-16 |
| State lending regulator | Arizona Department of Insurance and Financial Institutions (DIFI) Source says: "The Arizona Department of Insurance and Financial Institutions (DIFI)". | Arizona Department of Insurance and Financial Institutions (DIFI) as of 2026-09-16 |
| Consumer lender loan rate caps (§ 6-632) | Consumer loans: 36% per year on principal up to $3,000; for larger loans, 36% on the first $3,000 and 24% above $3,000 Source says: "a consumer loan rate of thirty-six per cent"; "a consumer loan rate of twenty-four per cent on that part of the principal amount greater than three thousand dollars". | Arizona State Legislature — A.R.S. § 6-632 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year default; any rate may be agreed in writing (other than medical debt) Source says: "interest shall be at the rate of ten percent a year, unless a different rate is contracted for in writing". | Arizona State Legislature — A.R.S. § 44-1201 as of 2026-09-16 |
How to compare offers in Florence
These steps are the ones that most affect the offer you receive in Florence:
- 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 Arizona using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.