Best Personal Loan Rates in Detroit, Michigan - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current personal loan options available to borrowers in Detroit, Michigan include: ABD Federal Credit UnionABD Federal Credit Union2222 CONNER ST, DETROIT, MI, 48215A+5.0 ★Texas Ratio: 2.06% offering Recreational Loans at 5.50% APR, Public Service Credit UnionPublic Service Credit Union3044 W Grand Blvd Ste L 350, Detroit, MI, 48202 3142A5.0 ★Texas Ratio: 6.17% offering Recreational Loan at 5.99% APR, Michigan State University Federal Credit UnionMichigan State University Federal Credit Union243 W Congress St, Detroit, MI, 48226 3291A5.0 ★Texas Ratio: 8.72% offering Vacant Land Lot Loan at 6.97% APR, Security Credit UnionSecurity Credit Union2444 Clark St, Detroit, MI, 48209 1338A-5.0 ★Texas Ratio: 14.23% offering Power Sports Loan at 7.24% APR, and One Detroit Credit UnionOne Detroit Credit Union630 Howard St, Detroit, MI, 48226A5.0 ★Texas Ratio: 5.77% offering Holiday Loan at 8.99% APR. Personal loan rates as of June 29, 2026 according to verified data from MonitorBankRates.
Detroit has 10 local institutions in our database, with personal loan rates as low as 5.50% APR from ABD Federal Credit Union at 2222 CONNER ST, DETROIT, MI, 48215. Use the tabs below to compare all available personal loan types. 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 Detroit, Michigan.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Detroit, 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: June 29, 2026
Detroit Personal Loan Rates
All rates are based on 725 credit score.
As Low As
All rates are based on 725 credit score; 84 month term on new vehicles only based on credit score.
As Low As; 7.000%
As Low As
Includes dirt bikes, motorcycles (under 500cc), personal watercrafts, ATVs and snowmobiles. Rate is based on credit history. Rate shown is offered to members with excellent credit. Interest rate may increase based on current credit history. Rate may also vary based on age of collateral and term of loan.
All rates are based on 725 credit score.
All rates are based on 725 credit score; Unsecured rates range from 8.00% to 18.00%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Rates may vary, based on term, credit score, and loan amount. Fees and other charges may apply - contact your Credit Union representative for an official loan estimate to help you choose the loan option that best fits your needs.
Rates may vary, based on term, credit score, and loan amount. Fees and other charges may apply - contact your Credit Union representative for an official loan estimate to help you choose the loan option that best fits your needs.
As Low As
As Low As; APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term.
As Low As; No collateral required; No application fee; No pre-payment penalty
Rates may vary, based on term, credit score, and loan amount. Fees and other charges may apply - contact your Credit Union representative for an official loan estimate to help you choose the loan option that best fits your needs.
As Low As
Actual rate and loan term is based on borrower's creditworthiness and amount borrowed. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As Low As
As Low As
As Low As
**Rate is based on credit history. Rate shown is offered to members with excellent credit. Interest rate may increase based on current credit history. Rate may also vary based on age of collateral and term of loan.
As Low As; APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term.
As Low As; Rates and terms may vary depending on credit qualifications, direct deposit, and automatic payments from a 1DCU Checking or Savings account. Rates and terms are subject to change without notice. Monthly payment example per $1,000 borrowed on a loan term of 48 months at a rate of 3.00% Annual Percentage Rate is $42.98. APR varies based on model year, term, and credit score. All loans subject to approval. Membership required.
**Rate is based on credit history. Rate shown is offered to members with excellent credit. Interest rate may increase based on current credit history.
As Low As
Includes Celebration Loan and Home Improvement Loan. Minimum loan amount $500 with a maximum credit limit of $30,000.
Rates may vary, based on term, credit score, and loan amount. Fees and other charges may apply - contact your Credit Union representative for an official loan estimate to help you choose the loan option that best fits your needs.
Fixed-rate terms available; No collateral required; First payment due up to 60 days after approval; Maximum loan amount: $4,000; Proof of hardship due to company layoff/furlough, government employee shutdown, natural disaster, etc. is required; Apply online, by phone at 888.267.7200 , or in person at any Lake Trust relationship center to see if you qualify; Must be a Lake Trust member for at least 6 months to apply; Interest begins to accrue on date of loan disbursement.
Includes Celebration Loan and Home Improvement Loan. Minimum loan amount $500 with a maximum credit limit of $30,000.
As Low As
Includes Celebration Loan and Home Improvement Loan. Minimum loan amount $500 with a maximum credit limit of $30,000.
As Low As; Fixed APR
open-end
No additional details available.
As Low As
APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term.
Rates may vary, based on term, credit score, and loan amount. Fees and other charges may apply - contact your Credit Union representative for an official loan estimate to help you choose the loan option that best fits your needs.
Loan amounts range from $500 to $2,000. Eligibility is limited to Primary Account Holders who have been members for at least 90 days. Loan qualification is relationship-based, and all terms are subject to change. Automatic payments will be scheduled from either your checking or savings unless you opt out. Loan payments are due monthly and will be deducted automatically unless otherwise arranged. By selecting to begin the application, you authorize Alliance Catholic CU to debit the $20 loan application fee from your account. This fee is non-refundable and will be charged whether or not your loan is approved or funded.
No additional details available.
As Low As
As low as; APR is Annual Percentage Rate. Click for details.
No additional details available.
No additional details available.
No additional details available.
As Low As; Rate subject to risk adjustment. Credit restrictions apply.
As low as; Members who set up an active checking account can qualify for a 0.50% discount off the posted rate tiers (for auto and recreational). Integra First defines an active checking account as one set up with direct deposit and auto pay on the loan.
No additional details available.
As Low As
As Low As; APR*
As Low As; APR*
As Low As; APR*
As Low As
As Low As
As Low As
As Low As
As Low As
As Low As
As Low As; Loan Amount: $1,000
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Rates based on credit score.
As Low As; APR*
No additional details available.
As Low As
As Low As
0.00% for first 90 days.
As Low As; Up to 60
As Low As
As Low As; Rate subject to risk adjustment. Credit restrictions apply.
As Low As
No additional details available.
As Low As
Must provide travel itinerary
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Rates based on credit score.
No additional details available.
Spring into Retirement
loan values over $40,000
No additional details available.
As Low As
As Low As
Rates listed above are estimates, and may vary by term selected. For 2024 and newer vehicles.
As Low As;*
As Low As
No additional details available.
No additional details available.
Amount: $20,000.00 and Over
As Low As
As Low As
No additional details available.
No additional details available.
20% Down Payment
As Low As
As Low As
As Low As; Rates based on credit score.
As Low As; APR*
As Low As; APR*
As Low As; APR*
As Low As
As Low As; *
As Low As; *
As Low As; *
No additional details available.
As Low As
As Low As
As Low As
As Low As
As Low As
As Low As
Rates are determined by the repayment terms; Loan proceeds to be paid directly to contractor.
No additional details available.
5% Down Payment
No additional details available.
No additional details available.
As Low As; APR*
As Low As; APR*
As Low As; Rates based on credit score.
No additional details available.
As Low As*; Annual Percentage Yield designated as APR. Rates, terms and availability of product subject to change without notice. Proof of Income is required. Approximate monthly payment would be $85.95 per $1,000 borrowed at 5.74% for 12 months.
No additional details available.
Credit Score: 700-800
No additional details available.
No additional details available.
Amount: $30,000.00 and Over
Secured Loan Pricing - Base Rates (as low as). Certain Restrictions Apply on Closed End Signature Loans
As Low As
Secured Loan Pricing - Base Rates (as low as)
No additional details available.
Includes Lawn & Garden, ATV, Snowmobile, Off-Road Motorcycle-Wheeler & Side-by-sides
Includes Lawn & Garden, ATV, Snowmobile, Off-Road Motorcycle, 4-Wheeler & Side-by-side72 - 84 Month available on purchases over $15,000.00.
As low as
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
As Low As
As Low As
As Low As
As Low As; Promotional rate from June 1st through August 31st, 2026.
No additional details available.
As Low As; Model 5 Years Old & Newer Qualify
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Variable rates. No origination fee or prepayment penalty. Lowest rates shown include the auto debit discount.
APR = Annual Percentage Rate. Rates listed above are estimates, and may vary by term selected.
Credit Score: 700-800
No additional details available.
As Low As
Amount: $20,000 and Over
No additional details available.
5% Down Payment
Fixed rates. No origination fee or prepayment penalty. Lowest rates shown include the auto debit discount.
As Low As; 6.00%
No additional details available.
No additional details available.
Variable rates. No origination fee or prepayment penalty. Lowest rates shown include the auto debit discount.
Variable rates. No origination fee or prepayment penalty. Lowest rates shown include the auto debit discount.
As Low As; APR*
As Low As; 6.250%
As Low As
As Low As
No additional details available.
As Low As
As Low As
As Low As
As Low As
No additional details available.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; 6.00%
No additional details available.
No additional details available.
You must meet certain requirements. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.
Up to $9,999
75% of stock value
No additional details available.
loan values over $30,000
No additional details available.
Detroit Personal Loan Rates
As Low As
As Low As; APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term.
**Rate is based on credit history. Rate shown is offered to members with excellent credit. Interest rate may increase based on current credit history. Rate may also vary based on age of collateral and term of loan.
As Low As; APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term.
As Low As; Fixed APR
As Low As*; Annual Percentage Yield designated as APR. Rates, terms and availability of product subject to change without notice. Proof of Income is required. Approximate monthly payment would be $85.95 per $1,000 borrowed at 5.74% for 12 months.
No additional details available.
Detroit Debt Consolidation Loan Rates
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.
No additional details available.
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.
As Low As; Loyalty Discount**
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Detroit Signature Loan Rates
As Low As; No collateral required; No application fee; No pre-payment penalty
Actual rate and loan term is based on borrower's creditworthiness and amount borrowed. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As Low As
As Low As
As Low As
No additional details available.
No additional details available.
Credit Score: 700-800
Secured Loan Pricing - Base Rates (as low as). Certain Restrictions Apply on Closed End Signature Loans
Credit Score: 700-800
Detroit, MI Personal Loan Rate Trends
Compare local Detroit, MI 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 0.366 points over the past 7 days to 11.550% APR.
Michigan signature loan rates fell 0.006 points over the past 7 days to 10.841% APR.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Detroit, 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 Detroit, 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 Detroit, 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 Detroit, Michigan?
What are the best personal loan rates in Detroit, Michigan?
- ABD Federal Credit Union: 5.50% (Recreational Loans)
- Public Service Credit Union: 5.99% (Recreational Loan)
- Michigan State University Federal Credit Union: 6.97% (Vacant Land Lot Loan)
- Security Credit Union: 7.24% (Power Sports Loan)
- One Detroit Credit Union: 8.99% (Holiday Loan)
Personal Loan Calculators
