South Pasadena at a glance
- Population: roughly 5,288 people; 221st of 411 places in Florida (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 5,355 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 1.3% below the 2020 Census base (US Census Bureau).
- Rank among Florida places: 221st-largest of 411 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 46% of Florida's Census places are smaller (US Census Bureau).
- Coordinates: 27.7529 / -82.7393, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Gulfport, FL (2 mi); Treasure Island, FL (2 mi); St. Pete Beach, FL (2 mi); St. Petersburg, FL (6 mi); Seminole, FL (7 mi) (US Census Bureau populations).
- Nearest smaller communities: Madeira Beach, FL (4 mi); Kenneth City, FL (5 mi); Redington Beach, FL (6 mi), each a US Census place.
What a personal loan costs in South Pasadena
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Florida lending rules that apply in South Pasadena
The table carries the Florida rate and licensing rules that apply to consumer loans made in South Pasadena.
| 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 South Pasadena
Before you commit to a personal loan in South Pasadena, 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.