Montverde at a glance
- Population: 1,763 — 300th in Florida, which has 411 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,656 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up roughly 6.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Florida places: 300th out of 411 Census places (US Census Bureau).
- Size percentile: larger than about 27% of the Census places in Florida (US Census Bureau).
- Coordinates: 28.6025 / -81.6741, per the US Census Bureau Gazetteer.
- Nearest larger cities: Minneola, FL (3 mi); Oakland, FL (4 mi); Clermont, FL (6 mi); Winter Garden, FL (6 mi); Astatula, FL (8 mi); US Census Bureau population estimates.
- Smaller places close by: Howey-in-the-Hills, FL (10 mi); Bay Lake, FL (16 mi); Lake Buena Vista, FL (18 mi) (US Census Bureau).
What a personal loan costs in Montverde
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Florida lending rules that apply in Montverde
Each row below is a Florida rule with its publisher and the date it was retrieved.
| 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 Montverde
Before you share your details with a lender in Montverde:
- 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.