Michigan Loan Comparison

Find and compare loans available to residents of Michigan. Select a loan category below to see lender options, rates, and state-specific consumer protections.

Michigan Lending Overview

Personal Loan APR cap

25%

Median Home Price

$264,000

Median Household Income

$67,000

Avg Student Debt

$36,973

State Regulator

Michigan Department of Insurance and Financial Services

Notable law: Michigan's Deferred Presentment Service Transactions Act limits payday loan fees to $15 per $100 borrowed and requires lenders to offer an extended repayment plan at no additional cost.

Loan Categories in Michigan

Personal Loans

Unsecured personal loans for debt consolidation, home improvement, major purchases, or emergency expenses.

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Mortgage

Home purchase loans, refinancing, and home equity products from top mortgage lenders.

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Auto Loans

New and used auto purchase loans plus auto refinancing options from national and regional lenders.

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Student Loans

Private student loans and refinancing options to fund undergraduate, graduate, and professional programs.

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Business Loans

Term loans, SBA-backed loans, lines of credit, and equipment financing for small and medium businesses.

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Michigan Lending Regulator

Consumer lenders in Michigan are overseen by the Michigan Department of Insurance and Financial Services. File complaints or verify lender licenses directly with this agency.

Michigan's Deferred Presentment Service Transactions Act limits payday loan fees to $15 per $100 borrowed and requires lenders to offer an extended repayment plan at no additional cost.