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Personal loans in Ubly, MI

A personal loan in Ubly is a fixed-payment installment loan, and the rate you are offered turns on your credit, your income and your existing debts. About 835 people live in Ubly, which ranks 381st of 533 Census places in Michigan. The table below carries the Michigan rate caps and licensing rules that apply to a personal loan taken out here.

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.

Ubly at a glance

  • Population: 835 (US Census Bureau, Vintage 2023 subcounty estimate), the 381st-largest of 533 places in Michigan.
  • 2020 Census base: 848 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: down roughly 1.5% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Michigan places: the 381st-largest of 533 (US Census Bureau, 2023 estimate).
  • Size percentile: roughly 29% of places in Michigan rank below it by population (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 43.7082, -82.9356.
  • Nearest larger cities: Bad Axe, MI (7 mi); Cass City, MI (14 mi); Deckerville, MI (16 mi); Harbor Beach, MI (17 mi); Pigeon, MI (19 mi); each population is a US Census Bureau estimate.
  • Nearest smaller places: Minden City, MI (8 mi); Elkton, MI (14 mi); Gagetown, MI (16 mi) (US Census Bureau estimates).

What a personal loan costs in Ubly

Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.

Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Michigan lending rules that apply in Ubly

Each row below is a Michigan rule with its publisher and the date it was retrieved.

RuleDetailSource
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
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

How to compare offers in Ubly

Before you commit to a personal loan in Ubly, work through these steps:

  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 Ubly?
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 Ubly are the same as elsewhere in Michigan.
How much can I borrow with a personal loan in Ubly?
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 Ubly 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 Ubly 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

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