Parker at a glance
- Population: 4,631 residents, the 232nd-largest of 411 places in Florida (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,011 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 15.5% since the 2020 count (US Census Bureau).
- Rank among Florida places: 232nd out of 411 Census places (US Census Bureau).
- Size percentile: about 44% of Florida's Census places are smaller (US Census Bureau).
- Coordinates: 30.1284 latitude, -85.6002 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Springfield, FL (3 mi); Callaway, FL (3 mi); Panama City, FL (5 mi); Lynn Haven, FL (8 mi); Panama City Beach, FL (18 mi) (US Census Bureau populations).
- Nearest smaller towns: Mexico Beach, FL (17 mi); Wewahitchka, FL (24 mi); Ebro, FL (27 mi) (US Census Bureau).
What a personal loan costs in Parker
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Florida lending rules that apply in Parker
The table lists the Florida rules that apply to a loan made in Parker, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Parker
The order below is a sensible way to approach a loan in Parker:
- 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.