Loans in Michigan: payday, personal & title loan laws (2026)

In Michigan, payday loans are legal, car title loans are not allowed, and personal installment loans are available from licensed lenders. Below are the verified rules, local lenders and credit unions for all 83 counties and 101 cities with 10,000+ residents.

Request a payday loan in Michigan

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1 Choose an amount and fill out the form
2 Get matched with a lender in our network
3 Review your offer and get funded, often next business day

Tip: apply on a weekday morning for the best chance of funding by the next business day.

No hard credit inquiry on our end; lenders may check your credit. Not a lender; approval, amount and terms come from the lender. Example: $1,000 over 12 months at 35.99% APR ≈ $100.46/month.

Payday Loans Legal

Payday loans (deferred presentment service transactions) are legal in Michigan from lenders licensed under the Deferred Presentment Service Transactions Act (2005 PA 244), with a $600 cap per loan, a tiered fee limit, a…

Personal Loans

25% APR cap for licensed lenders, plus processing fee up to 5%.

Title Loans Not available

Auto title loans in which the lender takes physical possession of your vehicle title are not permitted under Michigan law, according to the Michigan Attorney General.

Michigan at a glance

10,077,761

Residents

$72,875

Median household income

2,036

FDIC bank branches

1,242

Credit-union branches

Counties in Michigan

Alcona County Alger County Allegan County Alpena County Antrim County Arenac County Baraga County Barry County Bay County Benzie County Berrien County Branch County Calhoun County Cass County Charlevoix County Cheboygan County Chippewa County Clare County Clinton County Crawford County Delta County Dickinson County Eaton County Emmet County Genesee County Gladwin County Gogebic County Grand Traverse County Gratiot County Hillsdale County Houghton County Huron County Ingham County Ionia County Iosco County Iron County Isabella County Jackson County Kalamazoo County Kalkaska County Kent County Keweenaw County Lake County Lapeer County Leelanau County Lenawee County Livingston County Luce County Mackinac County Macomb County Manistee County Marquette County Mason County Mecosta County Menominee County Midland County Missaukee County Monroe County Montcalm County Montmorency County Muskegon County Newaygo County Oakland County Oceana County Ogemaw County Ontonagon County Osceola County Oscoda County Otsego County Ottawa County Presque Isle County Roscommon County Saginaw County Sanilac County Schoolcraft County Shiawassee County St. Clair County St. Joseph County Tuscola County Van Buren County Washtenaw County Wayne County Wexford County

Cities in Michigan

Detroit Grand Rapids Warren Sterling Heights Ann Arbor Lansing Dearborn Livonia Troy Westland Farmington Hills Flint Wyoming Rochester Hills Southfield Kalamazoo Novi Pontiac Taylor Dearborn Heights St. Clair Shores Royal Oak Kentwood Battle Creek Portage Roseville East Lansing Saginaw Midland Lincoln Park Muskegon Holland Eastpointe Bay City Jackson Burton Southgate Oak Park Forest Hills Port Huron Madison Heights Allen Park Hamtramck Garden City Allendale Okemos Inkster Walker Holt Auburn Hills Norton Shores Romulus Wyandotte Waverly Birmingham Marquette Mount Pleasant Adrian Monroe Ypsilanti Ferndale Cutlerville Haslett Trenton Jenison Wayne Wixom Grandville Grosse Pointe Woods Traverse City Mount Clemens Northview Berkley Harper Woods Hazel Park Owosso Fraser Coldwater Sault Ste. Marie Rochester Ionia Woodhaven Melvindale Escanaba Riverview New Baltimore South Lyon Fenton Niles Farmington East Grand Rapids Clawson Grosse Pointe Park Sturgis Grand Haven Comstock Park Beverly Hills Cadillac Flat Rock Alpena Howell

Frequently asked questions

Are payday loans legal in Michigan?

How much can you borrow with a payday loan in Michigan?

A licensee may make one payday loan to you for any amount up to $600 (fees not included).

How much do payday loans cost in Michigan?

The service fee may not exceed 15% of the first $100, 14% of the second $100, 13% of the third $100, 12% of the fourth $100 and 11% of the fifth and sixth $100 - $76 on a $600 loan - plus any allowed database verification fee. No interest may be charged.

Are title loans legal in Michigan?

Auto title loans in which the lender takes physical possession of your vehicle title are not permitted under Michigan law, according to the Michigan Attorney General. Licensed consumer lenders are limited to 25% a year.

What interest can title lenders charge in Michigan?

Licensed (regulated) lenders may charge up to 25% a year.

Is there a cap on personal loan interest rates in Michigan?

25% APR cap for licensed lenders, plus processing fee up to 5%.

Do personal loan lenders need a license in Michigan?

Lenders making loans under the Regulatory Loan Act must be licensed (the Act refers to 'licensees').