Laurel Hill at a glance
- Population: 608 — 360th in Florida, which has 411 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 588 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 3.4% more residents than the 2020 Census base (US Census Bureau).
- Rank among Florida places: 360th in population of 411 places (US Census Bureau).
- Size percentile: it exceeds roughly 12% of Florida's Census places by population (US Census Bureau).
- Coordinates: 30.9606 latitude, -86.4578 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Paxton, FL (9 mi); Florala, AL (9 mi); Crestview, FL (16 mi); Andalusia, AL (24 mi); Babbie, AL (25 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Lockhart, AL (7 mi); Carolina, AL (19 mi); Libertyville, AL (19 mi) (US Census Bureau).
What a personal loan costs in Laurel Hill
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Laurel 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 |
|---|---|---|
| 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 Laurel Hill
Here is a short checklist for comparing personal loans in Laurel 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.