Kent City at a glance
- Population: about 1,360, 311th by size in Michigan of 533 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,291 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population rose about 5.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Michigan places: the 311th-largest of 533 (US Census Bureau, 2023 estimate).
- Size percentile: about 42% of Michigan's Census places are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 43.2264, -85.7555.
- Nearest larger cities: Sparta, MI (5 mi); Ravenna, MI (10 mi); Cedar Springs, MI (10 mi); Rockford, MI (12 mi); Newaygo, MI (13 mi), each a US Census place with its estimated population.
- Nearest smaller places: Casnovia, MI (2 mi); Grant, MI (8 mi); Sand Lake, MI (12 mi) (US Census Bureau estimates).
What a personal loan costs in Kent City
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the 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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Michigan lending rules that apply in Kent City
The table carries the Michigan rate and licensing rules that apply to consumer loans made in Kent City.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Kent City
Before you share your details with a lender in Kent City:
- 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.