Florida pawn loan calculator
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EstimateFlorida
$125
maximum charge for the first month
- Total charges
- $125
- To get your item back
- $625
- Monthly rate
- 25.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Florida
Florida pawn loan rules
| Maximum charge | Up to 25% of the amount financed for each 30-day period (at least $5), including interest of up to 2%. |
| Loan term | 30 days. |
| Grace period | 30 days after the maturity date; then the item is forfeited. |
| Holding periods | Pawned and purchased items are held 30 days. A police hold can last up to 90 days unless a court extends it. |
| ID required | Government-issued photo ID; you must be 18. |
| Renewals | Unlimited extensions by mutual agreement, in writing. |
| Other fees | No separate storage or setup fees beyond the 25% cap. |
What a pawn loan costs in Florida
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $25 | $125 |
| $250 | $62.50 | $312.50 |
| $500 | $125 | $625 |
| $1,000 | $250 | $1,250 |
| $2,000 | $500 | $2,500 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Before you pawn in Florida
- Bring a valid government-issued photo ID.
- Florida ID rule: Government-issued photo ID; you must be 18.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Tampa or Orlando.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Florida?
At the legal maximum, $125 for the first month, so $625 to get the item back after one month. A $1,000 loan costs up to $250 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Florida?
Loan term: 30 days. Grace period: 30 days after the maturity date; then the item is forfeited.
What ID do I need to pawn in Florida?
Government-issued photo ID; you must be 18.
How many pawn shops are listed in Florida?
273 pawn shops in 7 cities: Tampa, Orlando, Tallahassee, Gainesville, Lakeland, Miami and more.
Sources
- Florida Statutes §539.001(2),(8)–(13),(16): wwwo.leg.state.fl.us