Loxahatchee Groves at a glance
- Population: 3,452 — 251st in Florida, which has 411 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,355 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 2.9% higher than at the 2020 Census (US Census Bureau).
- Rank among Florida places: 251st of 411 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 39% of places in Florida rank below it by population (US Census Bureau).
- Coordinates: 26.7209 latitude, -80.2772 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Westlake, FL (3 mi); Royal Palm Beach, FL (3 mi); Wellington, FL (5 mi); West Palm Beach, FL (9 mi); Greenacres, FL (11 mi) (US Census Bureau).
- Smaller places close by: Haverhill, FL (10 mi); Mangonia Park, FL (13 mi); Glen Ridge, FL (13 mi) (US Census Bureau).
What a personal loan costs in Loxahatchee Groves
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Florida lending rules that apply in Loxahatchee Groves
Read the table as the compliance picture for a lender serving Loxahatchee Groves: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Loxahatchee Groves
A few practical steps will make the process in Loxahatchee Groves less costly:
- 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.