Payday Loans in Michigan - Apply Online For Detroit, Traverse City and Grand Rapids

If you're looking for a payday loan in Michigan, Capital Bean is here to help! Bad credit considered and we work with all credit histories. Get your loan the same day, next day or within 24 hours. Repayment terms from 1 to 60 months. Check your eligibility by clicking on the button below!

Representative Example:

Borrow $500 over 3 months, at 400% APR, 3 repayments of $288.29, total repayable $864.87

How To Apply For A Payday Loan In Michigan in 3 Steps

Step 1
Apply Online

Use our 100% free online form to apply in less than 5 minutes.

Step 2
Instant Decision

You will receive an instant decision on screen from one of our lending partners who will offer the best rates.

Step 3
Receive Money

You have already provided your bank account details so within 1 hour, the same day or the next business day you will get your funds.

Am I Eligible For An Online Payday Loan In Michigan?

There are a number of eligibility requirements for a Michigan payday loan. Many of these laws apply in other states too. To be eligible you must:

Be a resident of USA
Be 18 years or older
Have steady earnings that you can prove with a paycheck
Earn at least USD 800 per month.
Have a cell phone where you can receive text messages
A checking account to receive your money. Your account could be in Detroit, Dearborn or Grand Rapids – we work all across Michigan

APPLY NOW

What Are The Rules For Payday Loans in Michigan?

In Michigan, a borrower is allowed to have two payday loans open at once, but not more than one loan with the same lender. The maximum amount that can be borrowed is $600.00. Payday lenders may charge a service fee and/or a database fee of $0.61. The table below shows how much a payday lender can charge per $100 and how it is calculated. It is important to note that payday loans are expensive forms of credit and should not be used to meet long-term financial goals.

The table below shows much much will be charged per $100 increment up to the maximum of $600.

Service Fee	Amount in USD
15%	1st $100
14%	2nd $100
13%	3rd $100
12%	4th $100
11%	5th $100

The table below shows how the fees are calculated if you borrow $100, $250 or $600.

Loan Amount	Fee Calculated At	Fee Total
$100	$15	$15
$250	$15 + $14 + $6.50	$35.50
$600	$15+$14+$13+$12+$11+$11	$76

Where Can I Get A Payday Loan in Michigan?

Holland city
Plainfield charter township
Brownstown
Delta
Bay City
Bedford township
Northville township
Jackson
Flint
White Lake
Van Buren
Southgate
Burton
Oak Park
Gaines charter township
Port Huron city
Washington charter township
Madison Heights
Allen Park
Hamtramck
Delhi
Plymouth charter township
Byron
Garden City
Allendale
Inkster
Norton Shores
Walker city
Romulus
Blackman
Auburn Hills
Wyandotte
Harrison charter township
Oshtemo
Lyon charter township
Summit township
Kalamazoo
Oxford
Birmingham
Frenchtown
Hamburg
Mount Pleasant
Genoa
Adrian city
Davison township
Genesee
Marquette city
Monroe city
Oakland
Ypsilanti
Mount Morris township

Detroit
Grand Rapids city
Warren city
Sterling Heights
Ann Arbor city
Lansing city
Dearborn
Clinton charter township
Canton
Livonia
Macomb
Troy city
Westland
Farmington Hills
Flint city
Shelby charter township
Wyoming
Rochester Hills
Southfield city
Kalamazoo city
Waterford
Novi city
West Bloomfield
Taylor
Dearborn Heights
Pontiac
St. Clair Shores
Royal Oak city
Ypsilanti charter township
Georgetown
Kentwood
Battle Creek
Portage city
Redford
Roseville
East Lansing
Chesterfield
Meridian
Bloomfield charter township
Saginaw city
Commerce
Midland city
Saginaw
Grand Blanc charter township
Lincoln Park
Holland charter township
Pittsfield
Orion
Muskegon city
Independence
Eastpointe

Garfield charter township
Cascade
Green Oak
Brighton township
Highland charter township
Ferndale
Grand Rapids
Park township
Grand Haven charter township
Trenton
Texas
Muskegon
Scio
Wayne city
Wixom
Milford
Fenton charter township
Huron charter township
Grosse Pointe Woods
Caledonia township
Grandville
Traverse City
Mount Clemens
Spring Lake
Hartland
DeWitt charter township and Brandon
Harper Woods
Mundy
Comstock
Berkley
Superior charter township
Hazel Park
Lincoln charter township
Fruitport
Southfield
Oceola
Springfield charter township
Owosso city
Fraser city
Cannon
Ada
Monroe charter township
Niles township
Benton charter township
Alpine
Leoni
Bangor charter township
Coldwater city
Antwerp
Sault Ste. Marie
Bath
Vienna charter township

Is A Michigan Payday Loan Right For Me?

Capital Bean helps you find payday loans to get through short-term financial challenges. If our panel approves your application of lenders, you could have the money in your bank within 1 hour, 24 hours, or the next business day. We offer instant decisions, flexible repayment options, and options for borrowers with poor credit.

You can easily apply for a loan using our online request form. However, it’s important to remember that payday loans should only be used for emergency expenses and should not be relied on as a long-term financial solution. Before taking out a payday loan, carefully read the lender’s terms and conditions to ensure that you can repay the loan on time. If you cannot make a repayment, you may have to pay additional interest, which could negatively impact your credit score.

Capital Bean Can Help You Find a Payday Loan in Michigan and Detroit

Capital Bean can provide a solution if you need cash before your next paycheck. From emergency medical care to unplanned car repairs or burst pipes, there are many reasons why you may require quick access to funds. Our online services are easy to use and can assist you in finding a payday loan throughout Michigan. Apply today and receive a decision in just a few minutes. Our payday advance service is top-rated among Detroit residents.

Is It Legal To Get A Payday Loan In Michigan?

Yes – it is legal to get a Michigan payday loan. In Michigan, individuals can borrow a maximum of $600 from one payday loan lender. However, they can also take out loans from multiple lenders, up to two.

The loan term is limited to 31 days, and the interest and fees charged range from 11% to 15% based on the number of $100 transactions. Additionally, it is illegal to take any criminal actions against borrowers. More information is available from the Michigan Department of Insurance and Financial Services.

Get Started

Capital Bean is a place you can trust for good money advice. We've helped many people with their money needs in the past. At Capital Bean, our main goal is to help you understand and grow your money. Whether you're curious about how to save, use credit cards, or get personal loans, we're here to guide you.

A little about Capital Bean

Started in 2020, we've provided financial help to more than 275,000 people. If you're among the many Americans facing money challenges, Capital Bean's online loans might be the solution you need. Our online application is simple and hassle-free. No more standing in lines or dealing with tons of papers. Just apply from your home, and you could get the money on the same day* if everything goes right. Start with a trusted financial choice today.

Unexpected costs shouldn't mess up your budget. Try an online loan with Capital Bean today and see how we can help.

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1-865-884-6510
info@capitalbean.com

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* Not every loan application gets approved. The decision and loan conditions depend on your credit check and local laws. If you get approval before 10:30 a.m. CT from Monday to Friday, you'll usually get the funds that same day. If it's after this time, expect the funds the following business day. If we need more information to check your application, and it's approved afterward, the funds will be given the next business day after we complete the checks.

† Regarding the Military Lending Act (MLA): Capital Bean doesn't provide loans to those covered by the MLA since all loans we make or organize surpass the MLA's 36% MAPR cap. We check with a national consumer reporting agency to see if someone is covered by the MLA. We also pose the mentioned question to double-check and fully adhere to MLA guidelines.

According to the MLA, a "servicemember" usually refers to someone who is a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard. They should be on active duty under an order that isn't just for a short span of less than 30 days. On the other hand, a "dependent" typically means a servicemember's spouse, a child below 18 years old, or any person who received over half of their financial support from the servicemember in the recent 180 days.

To see if you fall under the MLA, you can make a one-time request on the official MLA website.

Loan Disumbersement - If your application is approved before 10:30 a.m. CT from Monday to Friday, you'll usually receive your funds on that day. If it's approved after that time, expect your funds the following work day. If we need more time to double-check your application details and it's eventually approved, you'll receive your loan the business day after we finish the additional checks.

High-Cost Disclosure: Loans from Capital Bean come with a high APR, making them unsuitable for long-term financial plans. Most of the time, these loans also come with an origination fee that you won't get back if you decide to pay off the loan early. Ensure the loan you pick fits your financial needs and repayment capability. Think about the loan's amount, duration, and the charges involved. If you opt for a loan with high interest, you can lower the overall charges by paying more than just the minimum due. If you pay late, it will cost you more, and you might get a late fee. If you're facing credit issues, consider seeking advice on managing your credit. For useful tools and info on understanding finances, trends in credit scores, and financial terms, check the Resources section on our website at www.capitalbean.com