Malone at a glance
- Population: 1,567 (US Census Bureau, Vintage 2023 subcounty estimate), the 311th-largest of 411 places in Florida.
- 2020 Census base: 1,957 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population fell about 19.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Florida places: 311th by size among 411 communities (US Census Bureau).
- Size percentile: it is larger than about 24% of the places in Florida (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 30.9590, -85.1622.
- Nearest larger cities: Marianna, FL (15 mi); Ashford, AL (16 mi); Donalsonville, GA (18 mi); Cowarts, AL (19 mi); Rehobeth, AL (20 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Bascom, FL (3 mi); Greenwood, FL (6 mi); Cottonwood, AL (10 mi) (Census populations).
What a personal loan costs in Malone
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Florida lending rules that apply in Malone
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 |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Malone
Before you commit to a personal loan in Malone, work through these steps:
- 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.