Key Colony Beach at a glance
- Population: about 756, 350th by size in Florida of 411 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 788 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down roughly 4.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Florida places: 350th of the state's 411 Census places (US Census Bureau).
- Size percentile: roughly 15% of places in Florida rank below it by population (US Census Bureau).
- Coordinates: 24.7234, -81.0216 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Marathon, FL (1 mi); Islamorada, Village of Islands, FL (35 mi); Key West, FL (49 mi); Florida City, FL (61 mi); Homestead, FL (63 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Layton, FL (15 mi); Everglades, FL (82 mi); Indian Creek, FL (97 mi) (Census populations).
What a personal loan costs in Key Colony Beach
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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 lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Florida lending rules that apply in Key Colony Beach
The table lists the Florida rules that apply to a loan made in Key Colony Beach, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Key Colony Beach
Before you share your details with a lender in Key Colony Beach:
- 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.