Payday Loans in Miami, Florida
at 136 NE 1st St, 33131
- (786) 321-4288
- Serving Miami in-store since 2023
- In-store application 8 am – 10 pm (Mon–Fri)
- Open on Saturday
- Payday and installment loans
- Customer support available 24/7
1F Cash Advance Store in Miami
If you’re in Miami and need help covering emergency expenses, stop by our local store to explore short-term loan options. We are located near The Bead Bazaar, Carrot Express, and Niu Kitchen. Our free parking, well-equipped waiting area, and friendly, professional staff will make your visit comfortable and stress-free. Complete our fast and easy application process and access personalized short-term loan services from state-licensed lenders with no hard credit check needed when prequalifying.
- Monday8 am – 10 pm
- Tuesday8 am – 10 pm
- Wednesday8 am – 10 pm
- Thursday8 am – 10 pm
- Friday8 am – 10 pm
- Saturday9 am – 6 pm
- SundayClosed
Gordon Summers
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Miami Personal Loans
Discover the personal loan products available at our location in Miami:
Payday Loans
Max. amount $500
This option provides short-term financial assistance for unexpected expenses. You can borrow up to $500 without undergoing a hard credit check and repay the funds in 14 to 30 days. Miami payday loans can help with sudden costs like small home repairs, unforeseen bills, or medical expenses.
Installment Loans
Max. amount $5,000
An installment loan is an option for larger expenses or big purchases. Loan amounts start at $500 and go up to $5,000. The repayment terms range from 2 to 24 months, allowing you to adjust your monthly payments to fit your budget.
How to Get an In-store Loan
Applying for small personal loans in Miami, Florida, is easy through 1F Cash Advance:
Go to our store
Fill out a fast and secure application form in approximately 5 minutes. Our staff will guide you through the entire process.
Get a fast decision
One of the lenders in our network will review your application quickly and send you a decision in minutes. Most lenders run a soft credit check, although some may perform a hard inquiry after notifying you if you decide to proceed.
Receive your money
Once approved, get cash right away or receive a same day* direct deposit into your bank account.
*Approval isn’t guaranteed. Applications approved before 10:30 am on a weekday are funded on the same day. Loans finalized later or on non-banking days will be deposited on the next business day. Instant cash is available to borrowers who provide post-dated checks on the full repayment amount.
What to Bring to Apply for a Loan
Please have the following documents and information ready before visiting the store:
- A valid, government-issued photo ID
- Social Security number
- Proof of income (recent pay stubs or bank statements)
- Proof of current address (utility bill, lease agreement, etc.)
- Bank account and routing numbers
- An active email address and phone number
About 1F Cash Advance in Miami, Florida
Since 2019, we have been helping Florida residents access fast financial solutions that go beyond the traditional lending experience. 1F Cash Advance is a community-focused business that cares about your well-being and always puts customers’ needs first. In 2023, we opened our Miami location to offer personal service and help borrowers find loan options tailored to their needs.
Our goal is to help Miami residents manage unexpected expenses without letting bad credit stand in the way. Whether it’s a sudden car repair, a home emergency, or an unexpected bill, we’re here to connect you with lenders who can help when it matters most.
Borrow Loans Responsibly
Before getting a loan, ensure it fits your financial needs. Short-term loans shouldn’t be used as a long-term solution. Repeated borrowing can lead to a debt cycle and cost you more in interest than you initially took out.
Only borrow what you need and can comfortably repay on schedule. Make sure you understand the APR, total amount due, and repayment deadline, and that you can fulfill your obligations. Refrain from borrowing if you’re already facing financial difficulties, and consider alternatives instead.
FAQ
What makes people choose payday loans?
Payday loans offer a quick and easy way to cover urgent expenses, and about 4.8% of U.S. consumers took out a payday loan in 2024, according to CFPB survey data.1 They’re often available even if you have bad credit. However, they often have high costs and short repayment terms, so make sure you understand the terms and can repay on time.
Is it possible to get over $500 with Florida payday loans?
No, Florida law caps payday loans at $500, and we fully comply with the state regulation. If you need a larger amount, consider installment loans that allow you to borrow up to $5,000.
When should I choose payday loans over installment loans?
A payday loan can be an option when you need a small amount fast and plan to repay it quickly. It can help you cover urgent expenses without creating long-term debt, provided that you pay back on time. Pay attention to APRs and repayment terms before applying.
Is bad credit an obstacle to getting payday loans?
Not necessarily. Our lenders accept borrowers with all credit types and focus primarily on their overall financial situation. Bad credit is not a barrier to getting a loan as long as you can demonstrate your ability to repay. However, your credit score may affect your loan terms. It may also be difficult to qualify for loans if you have recent derogatory marks on your credit report, such as missed payments, charge-offs, or collections.
Does applying for a payday loan impact my credit?
Lenders we partner with usually run a soft credit check to assess your loan eligibility. This type of inquiry does not affect your credit history. However, some partners may perform hard inquiries as part of the underwriting process, especially if you apply for a higher amount. If they do, you will get notified in advance, so you can decide whether you want to move forward.
What if I miss my loan repayment?
If you pay late, you may be charged an additional fee of up to 10% of the unpaid amount. Defaulting on the loan could result in collection actions, which may affect your credit. If you encounter any problems with repayment, contact your lender before the due date. In some cases, you may be eligible for a 60-day grace period and repayment plan if you cannot repay on time.
Sources
- 1 Consumer Financial Protection Bureau, Office of Research — Making Ends Meet in 2024: Insights from the Making Ends Meet Survey — 4.8% of U.S. consumers used a payday loan. November 2024.
