Car title loans in Michigan: what's allowed instead
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Michigan title loan rules at a glance
| Governing law | Title loans where the lender holds your physical title are illegal in Michigan; the Attorney General says the typical 25%-per-month title loan violates Michigan law. A normal car-secured loan, with the lender's lien recorded with the Secretary of State, is different. (Michigan law (per Attorney General consumer alert)) |
|---|---|
| Rate / fee cap | Licensed (regulated) lenders may charge up to 25% a year. (MCL 445.1854(1)) |
Your options in Michigan
Payday loans aren't offered by state-licensed lenders here, but you can still request a personal installment loan of $100 to $5,000 through our form. Installment loans spread repayment over several months, so each payment is smaller. See Michigan personal loans.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Indiana | — | |
| Ohio | Limited | — |
| Wisconsin | Legal | $25,000, and no more than 50% of the vehicle's retail value. |
Personal loans by city in Michigan
Counties in Michigan
Show all 83 counties
Also see: Payday Loans in Michigan · Personal Loans in Michigan · All Michigan loan options
Frequently asked questions
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.
What do I need for a title loan in Michigan?
Most lenders ask for a vehicle title in your name, ideally free of other liens, a valid government-issued ID, proof of income, proof of residence in Michigan, and the vehicle itself for photos or a quick inspection. Some lenders also ask for proof of insurance or a spare key. Requirements vary by lender. Start our 3-minute form to see what lenders need from you.
Can I get a title loan on a financed car in Michigan?
Sometimes. If you still owe money on your car, some lenders may approve a title loan based on your equity, meaning the car's value minus what you owe. Others require a title that's fully paid off and in your name. Because policies vary, enter your vehicle and current loan details on our form, and lenders serving Michigan will tell you what they can offer.
Can I get a title loan online in Michigan?
Yes. Many title lenders let you start and complete most of the process online. You enter your vehicle and income details, then upload photos of your car, title and ID instead of visiting a store. Some lenders may still ask for a quick in-person inspection. Funds are usually sent to your bank account. Start your Michigan title loan request in about 3 minutes.
Can I refinance my title loan in Michigan?
Often, yes. Some lenders let you refinance an existing title loan into a new loan with a different payment amount or term, and a new lender may be able to pay off your current one. Options depend on your vehicle's value, your income and Michigan rules. Enter your details on our form to see what lenders in our network can offer you. It takes about 3 minutes.