MI borrowing guide
Loans in Michigan
Understand the federal baseline, state-specific high-cost lending landscape and where to verify a lender’s license.
Payday lending snapshot
Licensed payday lending may be available
Deferred-deposit or payday products may be available from licensed providers. Loan size, fees, term, renewals, databases, and repayment plans can be limited by state law. Always verify the product and provider with Michigan Department of Insurance and Financial Services.
Product library
Michigan loan guides
Personal loans
Understand personal loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Everyday borrowingSecured personal loans
Understand secured personal loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Everyday borrowingDebt consolidation loans
Understand debt consolidation loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Everyday borrowingCredit-builder loans
Understand credit-builder loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Everyday borrowingConsumer installment loans
Understand consumer installment loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Short-term & high-costPayday loans
Understand payday loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Short-term & high-costAuto title loans
Understand auto title loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Short-term & high-costPawn loans
Understand pawn loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Vehicle financingAuto loans
Understand auto loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Home financingConventional mortgages
Understand conventional mortgages in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Home financingFHA, VA and USDA home loans
Understand fha, va and usda home loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Home financingHome equity loans
Understand home equity loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Home financingHome equity lines of credit (HELOCs)
Understand home equity lines of credit (helocs) in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Home financingReverse mortgages
Understand reverse mortgages in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → EducationFederal student loans
Understand federal student loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → EducationPrivate student loans
Understand private student loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → BusinessSmall business loans
Understand small business loans in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Everyday borrowingBuy now, pay later
Understand buy now, pay later in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide → Short-term & high-costCredit card cash advances
Understand credit card cash advances in Michigan: state rules, lender checks, costs, risks, alternatives and questions to ask before applying.
Read MI guide →