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US Cash Advance is a direct payday lender serving Michigan residents, including Detroit, Grand Rapids, and Lansing. Apply online in minutes for a payday loan up to $600, with a decision the same business day.
Michigan payday loans at a glance: Payday loans are legal in Michigan and regulated by the Department of Insurance and Financial Services under MCL § 487.2153. You can borrow up to $600 for a term of up to 31 days, at an effective APR of about ~391%. Rollovers are prohibited, and lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: MCL § 487.2153
Michigan regulates payday lending under the Deferred Presentment Service Transactions Act. A licensee may enter into one transaction with a customer “for any amount up to $600.00” and may charge a service fee that is earned on the date of the transaction and is not interest (MCL § 487.2153(1)). The fee is tiered: 15% of the first $100, 14% of the second $100, 13% of the third, 12% of the fourth, 11% of the fifth and 11% of the sixth. A database verification fee allowed under section 34(5) may be charged in addition. Because each additional $100 is charged at a lower rate, the effective annual percentage rate falls as the loan grows - roughly 391% on a 14-day $100 advance and roughly 330% on a $600 advance.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 14 days | 391.07% | $15 | $115 |
| $300 | 14 days | 365.0% | $42 | $342 |
| $600 | 14 days | 330.24% | $76 | $676 |
Michigan charges a tiered service fee rather than interest: 15% of the first $100 you borrow, 14% of the second $100, 13% of the third, 12% of the fourth, and 11% of the fifth and sixth (MCL § 487.2153). A transaction may not exceed $600. Because the tiers decline, the annual percentage rate is highest on the smallest loan - about 391% on a 14-day $100 advance, falling to about 330% at $600. A database verification fee may be added on top of the service fee. The fee is earned on the date of the transaction and is not treated as interest, so repaying early does not reduce it. Source: MCL § 487.2153 (Deferred Presentment Service Transactions Act), Michigan Compiled Laws complete through PA 20 of 2026, as published by the Michigan Legislature. Last checked 6 August 2026.
Michigan residents should be aware that payday loan fees are structured in tiers, with a maximum loan amount of $600. Licensing is required for all providers, ensuring compliance with state regulations.
Michigan law prohibits rollovers of payday loans and limits borrowers to one loan per lender at a time. Consumers can verify lender licenses through the Department of Insurance and Financial Services. Complaints can be filed with the same department if issues arise.
Complaint Agency: Department of Insurance and Financial Services (877-999-6442) (File a complaint)
Verify Lender License: https://www.michigan.gov/difs
Michigan law requires lenders to offer an Extended Payment Plan (EPP) if you are unable to repay your payday loan on the original due date. An EPP lets you repay the loan over a longer period without additional finance charges.
Rollover policy for Michigan: no. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
Michigan requires payday lenders to report loan transactions to a state-licensed database. This database helps regulators enforce per-person loan limits and cooling-off periods, and prevents borrowers from taking out simultaneous loans from multiple lenders. When you apply for a payday loan in this state, the lender will query the database to verify your eligibility before funding.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Michigan, regulated under MCL § 487.2153. Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
A payday loan in Michigan is a small, short-term loan you repay by your next payday. Under MCL § 487.2153, you can borrow up to $600 for up to 31 days, and the lender's fee works out to an effective APR of about ~391%. The lender discloses your exact fee, total, and due date before you sign, and you repay the full amount plus the fee on the due date.
Michigan caps the fee a licensed lender may charge rather than the APR, so there is no statutory maximum APR. On a typical short-term payday loan the effective APR works out to about ~391% under MCL § 487.2153. Your actual cost depends on the loan amount and term, and the lender must disclose the exact APR and fees in your agreement before you sign.
In Michigan, the maximum payday loan amount is $600 under MCL § 487.2153. Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
In Michigan, a payday loan term runs up to 31 days under MCL § 487.2153. The due date is usually tied to your next payday and is stated in your loan agreement. Repaying on time avoids rollover fees and extra finance charges.
No. In Michigan, payday loan rollovers are not allowed under MCL § 487.2153. You cannot extend the loan by paying only the fee and pushing back the due date, a practice that fuels long-term debt. If you cannot repay on time, ask the lender about an extended payment plan.
Yes. Michigan requires licensed lenders to offer an extended payment plan (EPP) if you cannot repay on the due date under MCL § 487.2153. An EPP lets you repay over a longer period, with one extended plan per year and a fee of $16.13. Request the EPP before the loan is due; lenders cannot add finance charges for it.
Yes. Michigan requires payday lenders to check a statewide database before issuing a loan under MCL § 487.2153. The database enforces per-borrower limits and cooling-off periods and blocks simultaneous loans from multiple lenders. When you apply, the lender queries it to confirm your eligibility.
Explore the full US Cash Advance suite of short-term lending options: Payday Loans, Cash Advance, Bad Credit Loans, Same Day Loans, Debt Consolidation, or find a location near you in our Michigan Locations Directory.