Barton Hills at a glance
- Population: 336 people, the 478th-largest place among Michigan's 533 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 325 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 3.4% more residents than the 2020 Census base (US Census Bureau).
- Rank among Michigan places: 478th of the state's 533 Census places (US Census Bureau).
- Size percentile: ahead of around 10% of Michigan places in population terms (US Census Bureau).
- Coordinates: 42.3170 / -83.7557, per the US Census Bureau Gazetteer.
- Nearest larger cities: Ann Arbor, MI (3 mi); Dexter, MI (6 mi); Ypsilanti, MI (9 mi); Saline, MI (10 mi); South Lyon, MI (11 mi); US Census Bureau population estimates.
- Nearest smaller towns: Lake Angelus, MI (34 mi); Clayton, MI (40 mi); Berkey, OH (42 mi) (US Census Bureau).
What a personal loan costs in Barton Hills
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Barton Hills
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Barton Hills
The steps below are worth completing first when you borrow in Barton Hills:
- 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.