Adrian at a glance
- Population: 20,238 people, the 53rd-largest place among Michigan's 533 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 20,646 (US Census Bureau).
- 2020 to 2023 change: about 2.0% below the 2020 Census base (US Census Bureau).
- Rank among Michigan places: 53rd of the state's 533 Census places (US Census Bureau).
- Size percentile: ahead of around 90% of Michigan places in population terms (US Census Bureau).
- Coordinates: mapped at 41.8988, -84.0448 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Toledo, OH (29 mi); Jackson, MI (30 mi); Ann Arbor, MI (31 mi); Perrysburg, OH (32 mi); Bowling Green, OH (41 mi) (US Census Bureau populations).
- Nearest smaller communities: Tecumseh, MI (9 mi); Clayton, MI (10 mi); Onsted, MI (10 mi), each a US Census place.
What a personal loan costs in Adrian
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Adrian
The table lists the Michigan rules that apply to a loan made in Adrian, 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 Adrian
Before you commit to a personal loan in Adrian, work through these steps:
- 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.