Belleville at a glance
- Population: 3,904, the 181st-largest community in Michigan out of 533 (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,009 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 2.6% below the 2020 Census base (US Census Bureau).
- Rank among Michigan places: 181st-largest of 533 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 66% of Michigan's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 42.2019, -83.4828 in the US Census Bureau Gazetteer.
- Nearest larger cities: Romulus, MI (6 mi); Wayne, MI (7 mi); Ypsilanti, MI (8 mi); Westland, MI (10 mi); Inkster, MI (10 mi); US Census Bureau population estimates.
- Nearest smaller places: Carleton, MI (11 mi); Maybee, MI (13 mi); South Rockwood, MI (15 mi) (US Census Bureau estimates).
What a personal loan costs in Belleville
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Michigan lending rules that apply in Belleville
Each row below is a Michigan rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Belleville
The steps below are worth completing first when you borrow in Belleville:
- 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.