Oak Hill at a glance
- Population: about 2,128 residents, ranking 289th of 411 Census places in Florida (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 2,011 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population rose about 5.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Florida places: 289th out of 411 Census places (US Census Bureau).
- Size percentile: ahead of around 30% of Florida places in population terms (US Census Bureau).
- Coordinates: 28.8770, -80.8350 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Edgewater, FL (8 mi); New Smyrna Beach, FL (13 mi); Ponce Inlet, FL (16 mi); Port Orange, FL (20 mi); Titusville, FL (21 mi) (US Census Bureau).
- Smaller places close by: Pierson, FL (45 mi); Beverly Beach, FL (48 mi); Palm Shores, FL (49 mi) (US Census Bureau).
What a personal loan costs in Oak Hill
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Florida lending rules that apply in Oak Hill
The Florida rate caps and licensing rules that reach Oak Hill are listed below, each with its source and retrieval date.
| 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 Oak Hill
Before you commit to a personal loan in Oak Hill, 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.