Boca Raton at a glance
- Population: a Census-estimated 99,974, placing it 24th among Florida's 411 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 97,436 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: roughly 2.6% higher than at the 2020 Census (US Census Bureau).
- Rank among Florida places: 24th-largest of 411 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 94% of the Census places in Florida (US Census Bureau).
- Coordinates: it sits at 26.3727, -80.1037 in the US Census Bureau Gazetteer.
- Nearest larger cities: Pompano Beach, FL (9 mi); Coral Springs, FL (12 mi); Fort Lauderdale, FL (16 mi); Davie, FL (23 mi); Hollywood, FL (24 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Highland Beach, FL (4 mi); Deerfield Beach, FL (4 mi); Delray Beach, FL (6 mi), each a US Census place.
What a personal loan costs in Boca Raton
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
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 Boca Raton
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Boca Raton
Before you commit to a personal loan in Boca Raton, 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.