Payday loans in Ann Arbor, MI
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Ann Arbor, MI.
The median household in Ann Arbor earns $82,212 a year, 13% above the Michigan median of $72,875. About 24% of residents live below the federal poverty line, and 54.5% of households rent their home. When an unexpected bill hits before payday, Ann Arbor residents can request $100 to $1,000 online in minutes.
Michigan law that applies in Ann Arbor
| Maximum loan | A licensee may make one payday loan to you for any amount up to $600 (fees not included). |
|---|---|
| Fee cap | 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. |
| Rollovers | A lender may not renew a payday loan. |
| Loans at once | You may have only one open payday loan with a given lender and no more than two open payday loans in total. |
| Payment plan | If you take 8 payday loans from any lender(s) in a 12-month period, you can ask (within 30 days after the due date) to repay the eighth and later loans in 3 equal installments due on your next 3 paydays. |
Full rules with statute citations: Payday Loans in Michigan. Cities in Michigan cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Ann Arbor
Lenders that serve Ann Arbor typically ask for the following:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Ann Arbor
What Ann Arbor borrowers use it for
gifts and travel without maxing a card
Car repairskeep getting to work while the shop fixes it
Need money nowthe fastest options online
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a payday loan in Ann Arbor
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Michigan.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
How much will I repay?
Michigan does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Banks and credit unions in the area
Banks with branches in Ann Arbor
44 FDIC-insured bank branches from 14 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| JPMorgan Chase Bank, National Association | 6 | 2475 W Stadium Blvd, Ann Arbor 48103 |
| Fifth Third Bank, National Association | 6 | 101 N Main St, Ann Arbor 48104 |
| PNC Bank, National Association | 5 | 1107 S University Ave, Ann Arbor 48104 |
| The Huntington National Bank | 4 | 2950 S State St, Ann Arbor 48104 |
| Bank of Ann Arbor | 4 | 125 S 5th Ave, Ann Arbor 48104 |
| First Merchants Bank | 4 | 125 W William St, Ann Arbor 48104 |
| KeyBank National Association | 3 | 3848 S State Rd, Ann Arbor 48108 |
| Flagstar Bank, National Association | 3 | 3650 Plymouth Rd, Ann Arbor 48105 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Ann Arbor
21 credit-union locations from 8 credit unions.
| Credit union | Location |
|---|---|
| Communityamerica | 1555 Woodridge Ave # 7, Ann Arbor 48105 |
| Lake Michigan | 3201 S State St, Ann Arbor 48108 |
| Dfcu Financial | 2910 Carpenter Rd, Ann Arbor 48108 |
| Lake Trust | 2222 Packard St, Ann Arbor 48104 |
| Michigan Schools And Government | 2151 W Stadium Blvd, Ann Arbor 48103 |
| University Of Michigan | 340 E Huron St, Ann Arbor 48104 |
| Credit Union One | 2400 Green Rd, Ann Arbor 48105 |
| Michigan Educational | 4141 Jackson Rd, Ann Arbor 48103 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Washtenaw County · Personal Loans in Ann Arbor
Frequently asked questions
Can I get a payday loan in Ann Arbor, MI?
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 31-day maximum term and a statewide database. You can request one online from Ann Arbor through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Ann Arbor?
A licensee may make one payday loan to you for any amount up to $600 (fees not included).
How fast can I get a payday loan in Ann Arbor?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
Where can I get a payday loan in Ann Arbor?
You can visit a storefront in Ann Arbor or request a loan online without leaving home. Our free form sends one request to multiple lenders in our network, so you don't have to apply store by store. If a lender makes you an offer, you review the terms and decide whether to accept, with no obligation. It takes about 3 minutes to see if you qualify.
Do payday loans affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Ann Arbor residents can see their options with our 3-minute form.
Do payday lenders in Ann Arbor check your credit?
Most payday lenders check something, but it often isn't a traditional credit report. Many focus on income and banking history and may use alternative credit data or a soft check instead of a hard pull from the major bureaus. Each lender sets its own process and will tell you what it reviews. Submitting our form is free, and you can see if you qualify in about 3 minutes.
How do I get a payday loan in Ann Arbor, MI?
Have a few basics ready: a government-issued ID, proof of regular income, an active checking account, and a working phone number and email. Then complete our secure online form. Lenders review your request, and many give a decision within minutes. If you're approved, you'll see the full terms before signing. Most Ann Arbor borrowers can finish the form in about 3 minutes.
How much does a payday loan cost in Ann Arbor?
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… Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Ann Arbor borrowers in about 3 minutes.
Do I need to visit a store in Ann Arbor?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.