Michigan Best Personal Loan Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current personal loan options available to borrowers in Michigan include: Maui Teachers Federal Credit UnionMaui Teachers Federal Credit Union6000 28th St SE, Grand Rapids, MI, 49546 6927A+5.0 ★Texas Ratio: 0.00% offering Signature Loans at 4.50% APR, Dowagiac Area Federal Credit UnionDowagiac Area Federal Credit Union473 E Division St, Dowagiac, MI, 49047 1541A5.0 ★Texas Ratio: 7.66% offering Signature/Unsecured Loan at 5.75% APR, Warren Municipal Federal Credit UnionWarren Municipal Federal Credit Union31300 Hoover Rd, Warren, MI, 48093 1774A+5.0 ★Texas Ratio: 0.74% offering Closed End Signature Loan at 5.99% APR, Dfcu Financial Credit UnionDfcu Financial Credit Union400 Town Center Dr, Dearborn, MI, 48126A+5.0 ★Texas Ratio: 1.02% offering Personal Loan at 6.00% APR, and Berkeley Community Federal Credit UnionBerkeley Community Federal Credit Union5600 Crooks Rd, Troy, MI, 48098 2811A+5.0 ★Texas Ratio: 3.16% offering Personal Loans at 7.00% APR. Personal loan rates as of August 28, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Michigan side-by-side. Michigan personal loan rates currently start as low as 4.50% APR from Maui Teachers Federal Credit Union at 6000 28th St SE, Grand Rapids, MI, 49546 6927. Rates are continually updated — we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics—including A-F Safety Grades, verified Star Ratings, and Texas Ratios—so you can confidently borrow from a stable, highly-rated institution in Michigan.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Michigan. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: August 28, 2026
Michigan Personal Loan Rates
No additional details available.
No additional details available.
Secured Loan Pricing - Base Rates (as low as)
No additional details available.
As Low As
As low as; Life Happens Loan (Unsecured)
No additional details available.
Secured Loan Pricing - Base Rates (as low as)
All rates featured are listed ''as low as'' and are subject to credit approval and credit score. Some restrictions may apply.
Rates as low as
Rates as low as
Rates as low as
As Low As
No additional details available.
No additional details available.
Multi Purpose
up to $10,000; As low as; Rates are subject to change without notice. Please contact the credit union to get current rate information
No additional details available.
No Terms
APR based on sample loan amount of $10,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. Rate is the annual rate of interest applied to the outstanding loan balance. 90 day offer is only good on new money financed with FCU, does not apply for refinances already with FCU. Interest will continue to accrue if no payment is made.
As Low As
On debt consolidation loans, bills that are to be paid with the proceeds must be presented to the Credit Union for payment.
Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Certain restrictions may apply.
No additional details available.
As Low As
As Low As
Credit Score: 780+
No additional details available.
As Low As; Competitive low rates and no application fees. Our personal loan experts can provide information about current market rates.
Need a loan?
up to $25,000
As low as
As Low As
As Low As
No additional details available.
No additional details available.
As Low As
As low as; *APR = Annual Percentage Rate. Rates subject to change.
Up to $8,000, upon qualification, with terms up to 48 months. Rates vary depending on the term of loan.
As Low As; apr = annual percentage rate; Max $4,000.00
As Low As; Rate may vary based on individual creditworthiness. Additional restrictions may apply.
Multi Purpose
No additional details available.
No additional details available.
As Low As
No additional details available.
As Low As; Up to $10,000.00
No additional details available.
Rate stated is "as low as" and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and an example My $ Loan amount financed of $5,000. The payment examples shown above do not include optional insurance premium amounts, which will increase your monthly payment obligation. Your payment may vary based on the term, credit score and amount financed.
Rate stated is "as low as" and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and an example My $ Loan amount financed of $5,000. The payment examples shown above do not include optional insurance premium amounts, which will increase your monthly payment obligation. Your payment may vary based on the term, credit score and amount financed.
Rates as low as; APR = Annual Percentage Rate. Annual Percentage Rates current as of date above and are subject to change. Rates may vary based on credit history, term, and collateral.
For emergencies or vacations!
No additional details available.
As Low As; $10,000.00 or greater
Maximum Loan Balance: $27,000 Max
As Low As; Personal loan and debt consolidation
Rates as low as1
No additional details available.
As Low As
Credit Score: 680-779
No additional details available.
As Low As
As Low As
As Low As with Direct Deposit
As Low As
up to $15,000; As Low As; New money only. Rates are subject to change at any time.
Maximum Loan Balance: $27,000 Max
No additional details available.
As low as
No additional details available.
Max Loan Amount: $5,000
As Low As
Max loan amount $10,000.00. APR based on credit score
As Low As; Up to $10,000.00
As low as: 126 on $3,000 Loan*
As Low As
As Low As
Get rid of high interest rate credit cards. Apply today!
As Low As; Approval based on credit worthiness. Membership eligibility required.
As Low As
Rate as low as; Rate subject to change without notice. Interest rate will be based on credit score. Terms will be based on the dollar amount financed. Loan subject to credit approval.
Secured Loan Pricing - Base Rates (as low as)
Rates as low as
As low as; Fixed rate and fixed monthly payment
up to $15,000; As Low As; New money only. Rates are subject to change at any time.
Rates for loan categories represent the lowest rate available to qualified borrowers. Rates are based on the member's credit history. 100% financing and 84 month term available to qualified borrowers.
Maximum Loan Balance: $27,000 Max
As Low As
As Low As
As Low As; Long-Term Flexibility
As Low As
As Low As; Maximum APR is 19.25%.
Up to $8,000, upon qualification, with terms up to 48 months. Rates vary depending on the term of loan.
As Low As
Loan Specials
$5,000; As Low As
No additional details available.
Multi Purpose
***Credit Score of 720+ or Higher Base Rate $10,000
No additional details available.
No additional details available.
CALL FOR CURRENT RATES
under $1,000
No additional details available.
All loans over $5000.00 or loans that will put the member's total debt with the Lake Superior Credit Union over $5000.00 will be required to have collateral.
As Low As; See any branch for details.
As Low As; Annual Percentage Rates Subject To Change Without Notice. APR on closed-end loans is determined by borrower's credit score, term and year of vehicle. Gold & Platinum members earn an interest rate discount up to 0.25% APR (as shown in the above "As Low as...). Overdraft Protection, Education and Real Estate loans are not included. Call Financial Services at (616) 538-2810 for details. Other rates and terms available.
No additional details available.
As Low As
As Low As; $15,000.00 or greater
Unsecured
As low as; Example Payment (on $1,000): $75.85
As low as; Signature Loans
Annual Percentage Rates (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Maximum total unsecured credit allowed is $50,000.
No additional details available.
Rates as low as
No additional details available.
As Low As
As Low As
With VIP Perks Discount: 9.99%
As low as; Example Payment (on $1,000): $42.93
APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
As Low As;*
As Low As
minimum loan amount $5,000
No additional details available.
As Low As; APR may be adjusted based on your individual credit standing and term.
As low as
Credit Score: 800+
$20,000; $1,001
No additional details available.
Fixed Rate
As Low As
As Low As with Direct Deposit
Minimum loan amount: $500; Predictable monthly payments over a fixed term; Good for a large single purchase or expense; No collateral required; No application fee; No pre-payment penalty; Up to 120 monthly payments or single payment terms
Max loan amount $10,000.00. APR based on credit score
As Low As; Up to $10,000.00
As low as; Example Payment (on $1,000): $27.36
As Low As; Maximum APR is 19.25%.
No additional details available.
No additional details available.
No additional details available.
As Low As
As Low As
As Low As; Monthly Payment of 21.62 per $1,000
Maximum APR: 18.00%. Maximum loan amount $20,000. Payments do not begin until an advance is made. Funds are accessed by transferring funds to your Genisys checking account.
up to $20,000; $10,001; As low as; Rates are subject to change without notice. Please contact the credit union to get current rate information
As Low As; Personal Installment Loan
All rates featured are listed ''as low as'' and are subject to credit approval and credit score. Some restrictions may apply.
As Low As; Loans are based on credit approval. Rates are subject to change without notice. Call the credit union for current rate. Rates are based on the applicant's credit score. There are no transaction, membership, activity, or participation fees.
Michigan Personal Loan Rates
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No Terms
Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Certain restrictions may apply.
As Low As
As Low As; Competitive low rates and no application fees. Our personal loan experts can provide information about current market rates.
As Low As
No additional details available.
As Low As
Up to $8,000, upon qualification, with terms up to 48 months. Rates vary depending on the term of loan.
As Low As; apr = annual percentage rate; Max $4,000.00
No additional details available.
As Low As; $10,000.00 or greater
As Low As
As Low As
As Low As with Direct Deposit
Max Loan Amount: $5,000
As Low As
As Low As
Get rid of high interest rate credit cards. Apply today!
As low as; Fixed rate and fixed monthly payment
Rates for loan categories represent the lowest rate available to qualified borrowers. Rates are based on the member's credit history. 100% financing and 84 month term available to qualified borrowers.
As Low As
Up to $8,000, upon qualification, with terms up to 48 months. Rates vary depending on the term of loan.
$5,000; As Low As
No additional details available.
No additional details available.
No additional details available.
As Low As; See any branch for details.
As Low As
As Low As; $15,000.00 or greater
Unsecured
Annual Percentage Rates (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Maximum total unsecured credit allowed is $50,000.
No additional details available.
As Low As
With VIP Perks Discount: 9.99%
APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
No additional details available.
As Low As; APR may be adjusted based on your individual credit standing and term.
Fixed Rate
As Low As with Direct Deposit
No additional details available.
As Low As
As Low As; Monthly Payment of 21.62 per $1,000
Maximum APR: 18.00%. Maximum loan amount $20,000. Payments do not begin until an advance is made. Funds are accessed by transferring funds to your Genisys checking account.
As Low As; Loans are based on credit approval. Rates are subject to change without notice. Call the credit union for current rate. Rates are based on the applicant's credit score. There are no transaction, membership, activity, or participation fees.
Michigan Debt Consolidation Loan Rates
On debt consolidation loans, bills that are to be paid with the proceeds must be presented to the Credit Union for payment.
As Low As; Rate may vary based on individual creditworthiness. Additional restrictions may apply.
Rate stated is "as low as" and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and an example My $ Loan amount financed of $5,000. The payment examples shown above do not include optional insurance premium amounts, which will increase your monthly payment obligation. Your payment may vary based on the term, credit score and amount financed.
No additional details available.
No additional details available.
As Low As; Special Loan Rate Discount: 0.25% APR reduction when you set up automatic payments (AutoPay) from a People Driven Credit Union checking or savings account. This discount is already included in the "as low as" rate advertised.
No additional details available.
As Low As; Loans are based on credit approval. Rates are subject to change without notice. Call the credit union for current rate. Rates are based on the applicant's credit score. There are no transaction, membership, activity, or participation fees.
APR* as low as
As Low As; Loyalty Discount
No additional details available.
As Low As;*
No additional details available.
As Low As; Special Loan Rate Discount: 0.25% APR reduction when you set up automatic payments (AutoPay) from a People Driven Credit Union checking or savings account. This discount is already included in the "as low as" rate advertised.
As Low As; Special Loan Rate Discount: 0.25% APR reduction when you set up automatic payments (AutoPay) from a People Driven Credit Union checking or savings account. This discount is already included in the "as low as" rate advertised.
As Low As; Special Loan Rate Discount: 0.25% APR reduction when you set up automatic payments (AutoPay) from a People Driven Credit Union checking or savings account. This discount is already included in the "as low as" rate advertised.
As Low As
Michigan Signature Loan Rates
No additional details available.
No additional details available.
Secured Loan Pricing - Base Rates (as low as)
No additional details available.
Secured Loan Pricing - Base Rates (as low as)
Rates as low as
Rates as low as
Rates as low as
APR based on sample loan amount of $10,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates for members residing outside of the state of Michigan will have 1% added to the advertised rate for collateralized loans. Rates may change at any time. Rate is the annual rate of interest applied to the outstanding loan balance. 90 day offer is only good on new money financed with FCU, does not apply for refinances already with FCU. Interest will continue to accrue if no payment is made.
As Low As
No additional details available.
As Low As
Credit Score: 780+
No additional details available.
up to $25,000
As Low As
No additional details available.
As Low As; Up to $10,000.00
No additional details available.
Rate stated is "as low as" and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and an example My $ Loan amount financed of $5,000. The payment examples shown above do not include optional insurance premium amounts, which will increase your monthly payment obligation. Your payment may vary based on the term, credit score and amount financed.
Rates as low as; APR = Annual Percentage Rate. Annual Percentage Rates current as of date above and are subject to change. Rates may vary based on credit history, term, and collateral.
No additional details available.
As Low As; Personal loan and debt consolidation
As Low As
Credit Score: 680-779
No additional details available.
As Low As
As low as
No additional details available.
Max loan amount $10,000.00. APR based on credit score
As Low As; Up to $10,000.00
As Low As
As Low As; Approval based on credit worthiness. Membership eligibility required.
Rate as low as; Rate subject to change without notice. Interest rate will be based on credit score. Terms will be based on the dollar amount financed. Loan subject to credit approval.
Secured Loan Pricing - Base Rates (as low as)
Rates as low as
As Low As
As Low As; Long-Term Flexibility
As Low As
As Low As; Maximum APR is 19.25%.
As Low As
No additional details available.
As Low As; Annual Percentage Rates Subject To Change Without Notice. APR on closed-end loans is determined by borrower's credit score, term and year of vehicle. Gold & Platinum members earn an interest rate discount up to 0.25% APR (as shown in the above "As Low as...). Overdraft Protection, Education and Real Estate loans are not included. Call Financial Services at (616) 538-2810 for details. Other rates and terms available.
As low as; Example Payment (on $1,000): $75.85
As low as; Signature Loans
No additional details available.
Rates as low as
As Low As
As low as; Example Payment (on $1,000): $42.93
As Low As;*
As Low As
As low as
No additional details available.
As Low As
Minimum loan amount: $500; Predictable monthly payments over a fixed term; Good for a large single purchase or expense; No collateral required; No application fee; No pre-payment penalty; Up to 120 monthly payments or single payment terms
Max loan amount $10,000.00. APR based on credit score
As Low As; Up to $10,000.00
As low as; Example Payment (on $1,000): $27.36
As Low As; Maximum APR is 19.25%.
No additional details available.
As Low As
Michigan Personal Loan Rate Trends
Compare local Michigan personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Michigan personal loan rates fell 0.630 points over the past 7 days to 10.921% APR.
Michigan signature loan rates fell 0.554 points over the past 7 days to 10.952% APR.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current Nat'l average personal loan APR of 10.92%, across the terms lenders serving Michigan most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $232.86/mo | $163.51/mo | $129.04/mo | $108.52/mo |
| $10,000 | $465.71/mo | $327.01/mo | $258.07/mo | $217.03/mo |
| $15,000 | $698.57/mo | $490.52/mo | $387.11/mo | $325.55/mo |
| $25,000 | $1,164.28/mo | $817.54/mo | $645.18/mo | $542.58/mo |
| $35,000 | $1,629.99/mo | $1,144.55/mo | $903.25/mo | $759.61/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Michigan
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the Nat'l personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan — Nat'l average | 10.92% | $387.11 | $3,581 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,569 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,103 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,695 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average — check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
About Our Michigan Personal Loan Rate Database
Our Michigan tables currently track 98 banks and credit unions offering personal, debt consolidation, and signature loans to borrowers in this market. Every APR is sourced directly from the lender’s own website and re-verified regularly, so what you compare here is what lenders are actually advertising today — not stale or estimated numbers.
The lowest verified personal loan APR in our Michigan database right now is 4.50% APR from Maui Teachers Federal Credit Union. Advertised APRs are the lender’s best-qualified rate and generally require strong credit, so treat them as the floor of a range rather than a quote. Prequalifying with a soft credit check is the only way to see the rate you would actually receive.
How to Get the Best Personal Loan Rate in Michigan
Prequalify With a Soft Credit Check
Most lenders serving Michigan will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying — the advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Michigan data, and many charge no origination fee. Membership is usually easier than expected — many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle → a secured Michigan auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity → compare home equity rates, though your home becomes collateral
- Not urgent → building the money in a Michigan high-yield savings account costs nothing and earns interest instead of paying it
Michigan Financial Snapshot
Local demographics and economic context for borrowers — Source: U.S. Census Bureau
A $387 monthly loan payment is roughly 10.8% of the median individual income in Michigan. Lenders generally want your total monthly debt payments — including housing — to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Michigan.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid — fixed | ✗ Highest — variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1–3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks — appraisal and closing |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3–5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt — missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current Nat'l average — or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds — you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Michigan personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Michigan directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Michigan. We feature a comprehensive mix of lenders — from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in MI.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Michigan?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Michigan?
Are credit unions or banks better for personal loans in Michigan?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
What are the best personal loan rates in Michigan?
- Maui Teachers Federal Credit Union: 4.50% (Signature Loans)
- Dowagiac Area Federal Credit Union: 5.75% (Signature/Unsecured Loan)
- Warren Municipal Federal Credit Union: 5.99% (Closed End Signature Loan)
- Dfcu Financial Credit Union: 6.00% (Personal Loan)
- Berkeley Community Federal Credit Union: 7.00% (Personal Loans)
