Fremont at a glance
- Population: 4,595, the 160th-largest community in Michigan out of 533 (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,509 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population rose about 1.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Michigan places: 160th out of 533 Census places (US Census Bureau).
- Size percentile: about 70% of Michigan's Census places are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 43.4625, -85.9548.
- Nearest larger cities: Muskegon, MI (22 mi); Muskegon Heights, MI (23 mi); Norton Shores, MI (25 mi); Coopersville, MI (27 mi); Big Rapids, MI (29 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Newaygo, MI (8 mi); Hesperia, MI (9 mi); White Cloud, MI (11 mi), per US Census Bureau estimates.
What a personal loan costs in Fremont
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Michigan lending rules that apply in Fremont
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 |
|---|---|---|
| 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 Fremont
Before you share your details with a lender in Fremont:
- 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.