Personalloaned Compare rates

MI · city page

Personal loans in Durand, MI

In Durand, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. Durand's Census population of roughly 3,470 makes it the 189th-largest of 533 places in Michigan. Michigan's rate ceilings and lender-licensing requirements appear below, each with the publisher and date behind it.

By the Personalloaned Editorial Team · Last updated 2026-09-16

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Durand at a glance

  • Population: 3,470 — 189th in Michigan, which has 533 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 3,505 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: population fell about 1.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Michigan places: 189th of the state's 533 Census places (US Census Bureau).
  • Size percentile: it is larger than about 65% of the places in Michigan (US Census Bureau).
  • Coordinates: mapped at 42.9128, -83.9891 by the US Census Bureau Gazetteer.
  • Nearest larger cities (within 120 miles): Swartz Creek, MI (9 mi); Owosso, MI (11 mi); Linden, MI (12 mi); Flushing, MI (13 mi); Fenton, MI (16 mi) (US Census Bureau populations).
  • Smaller places close by: Vernon, MI (3 mi); Bancroft, MI (5 mi); Gaines, MI (5 mi) (US Census Bureau).

What a personal loan costs in Durand

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Michigan lending rules that apply in Durand

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
Payday lending statusLegal and licensed — deferred presentment service transactions (2005 PA 244; MCL 487.2121 et seq.), licensed and regulated by DIFS
Source says: "AN ACT to regulate the business of providing deferred presentment service transactions; to require the licensing of providers of deferred presentment service transactions"
Michigan Legislature
as of 2026-09-16
Small-loan / installment lender licensingLicense required from the commissioner to make regulated loans (Regulatory Loan Act, MCL 493.1 et seq.)
Source says: "a person shall not engage in the business of making loans of money ... without first obtaining a license from the commissioner"
Michigan Legislature
as of 2026-09-16
State lending regulatorMichigan Department of Insurance and Financial Services (DIFS)
Source says: ""Department" means the department of insurance and financial services"
Michigan Legislature
as of 2026-09-16
Regulated lender interest/finance charge cap25% per annum (Credit Reform Act, MCL 445.1854(1))
Source says: "may charge, collect, and receive any rate of interest or finance charge for an extension of credit not to exceed 25% per annum"
Michigan Legislature
as of 2026-09-16
Maximum legal interest rate (usury cap)7% per annum maximum by written agreement; 5% legal rate (MCL 438.31)
Source says: "it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum"
Michigan Legislature
as of 2026-09-16

How to compare offers in Durand

The order below is a sensible way to approach a loan in Durand:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Michigan using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Durand?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Durand are the same as elsewhere in Michigan.
How much can I borrow with a personal loan in Durand?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Durand require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Durand hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

Related