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Personal loans in Centreville, MI

Borrowers in Centreville use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. The Census puts Centreville at about 1,321 residents, the 318th-largest of 533 places in Michigan. The rate caps and licensing requirements that apply to a lender in Michigan are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Centreville at a glance

  • Population: 1,321 — 318th in Michigan, which has 533 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 1,324 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: a loss of about 0.2% since the 2020 count (US Census Bureau).
  • Rank among Michigan places: the 318th-largest of 533 (US Census Bureau, 2023 estimate).
  • Size percentile: about 40% of Michigan's Census places are smaller (US Census Bureau).
  • Coordinates: 41.9216 latitude, -85.5259 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities: Three Rivers, MI (6 mi); Constantine, MI (9 mi); Sturgis, MI (10 mi); White Pigeon, MI (11 mi); Vicksburg, MI (14 mi), each a US Census place with its estimated population.
  • Nearest smaller communities: Mendon, MI (7 mi); Colon, MI (11 mi); Burr Oak, MI (12 mi) (Census populations).

What a personal loan costs in Centreville

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.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.

Michigan lending rules that apply in Centreville

The Michigan rate caps and licensing rules that reach Centreville are listed below, each with its source and retrieval date.

RuleDetailSource
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
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

How to compare offers in Centreville

Here is a short checklist for comparing personal loans in Centreville:

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