Kingsley at a glance
- Population: 1,436 people, the 299th-largest place among Michigan's 533 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,414 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 1.6% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Michigan places: 299th of 533 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 44% of Michigan's places have fewer residents (US Census Bureau).
- Coordinates: latitude 44.5885, longitude -85.5241 (US Census Bureau Gazetteer).
- Nearest larger cities: Traverse City, MI (12 mi); Manton, MI (14 mi); Kalkaska, MI (19 mi); Elk Rapids, MI (22 mi); Cadillac, MI (24 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Fife Lake, MI (9 mi); Buckley, MI (9 mi); Mesick, MI (16 mi) (US Census Bureau estimates).
What a personal loan costs in Kingsley
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Michigan lending rules that apply in Kingsley
The table lists the Michigan rules that apply to a loan made in Kingsley, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License 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 regulator | Michigan 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 cap | 25% 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 |
| Payday lending status | Legal 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 |
How to compare offers in Kingsley
Run through this list before signing anything in Kingsley:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Michigan using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.