River Rouge at a glance
- Population: roughly 6,882 people; 125th of 533 places in Michigan (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 7,228 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population fell about 4.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Michigan places: 125th out of 533 Census places (US Census Bureau).
- Size percentile: roughly 77% of Michigan's places have fewer residents (US Census Bureau).
- Coordinates: 42.2743, -83.1242 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Ecorse, MI (2 mi); Melvindale, MI (3 mi); Lincoln Park, MI (4 mi); Allen Park, MI (5 mi); Wyandotte, MI (5 mi) (US Census Bureau).
- Smaller places nearby: Gibraltar, MI (12 mi); Grosse Pointe, MI (14 mi); Pleasant Ridge, MI (14 mi), per US Census Bureau estimates.
What a personal loan costs in River Rouge
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total 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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Michigan lending rules that apply in River Rouge
The table lists the Michigan rules that apply to a loan made in River Rouge, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in River Rouge
These steps are the ones that most affect the offer you receive in River Rouge:
- 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.