Rose City at a glance
- Population: 579, the 417th-largest community in Michigan out of 533 (US Census Bureau, Vintage 2023).
- 2020 Census base: 574 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: up roughly 0.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Michigan places: 417th of 533 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 22% of Michigan places in population terms (US Census Bureau).
- Coordinates: mapped at 44.4211, -84.1154 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): West Branch, MI (12 mi); Roscommon, MI (24 mi); Tawas City, MI (31 mi); Standish, MI (32 mi); East Tawas, MI (32 mi) (US Census Bureau).
- Nearest smaller towns: Prescott, MI (18 mi); Whittemore, MI (20 mi); Turner, MI (25 mi) — US Census Bureau populations.
What a personal loan costs in Rose City
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Rose City
The table lists the Michigan rules that apply to a loan made in Rose City, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Rose City
Run through this list before signing anything in Rose City:
- 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.