Maybee at a glance
- Population: 537 people, the 426th-largest place among Michigan's 533 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 546 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 1.6% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Michigan places: the 426th-largest of 533 (US Census Bureau, 2023 estimate).
- Size percentile: about 20% of places in Michigan are smaller (US Census Bureau).
- Coordinates: 42.0102 / -83.5093, per the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Carleton, MI (7 mi); Dundee, MI (9 mi); Monroe, MI (9 mi); Milan, MI (10 mi); South Rockwood, MI (13 mi) (US Census Bureau).
- Nearest smaller communities: Estral Beach, MI (14 mi); Harbor View, OH (22 mi); Barton Hills, MI (25 mi) (Census populations).
What a personal loan costs in Maybee
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Michigan lending rules that apply in Maybee
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 Maybee
A few practical steps will make the process in Maybee less costly:
- 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.