Roseville at a glance
- Population: 46,666 — 27th in Michigan, which has 533 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 47,718 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 2.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Michigan places: 27th largest of 533 (US Census Bureau).
- Size percentile: it is larger than about 95% of the places in Michigan (US Census Bureau).
- Coordinates: latitude 42.5076, longitude -82.9366 (US Census Bureau Gazetteer).
- Nearest larger cities: St. Clair Shores, MI (3 mi); Warren, MI (5 mi); Sterling Heights, MI (7 mi); Royal Oak, MI (11 mi); Troy, MI (12 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Fraser, MI (2 mi); Eastpointe, MI (3 mi); Harper Woods, MI (5 mi), per US Census Bureau estimates.
What a personal loan costs in Roseville
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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 Roseville
The table carries the Michigan rate and licensing rules that apply to consumer loans made in Roseville.
| 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 Roseville
These steps are the ones that most affect the offer you receive in Roseville:
- 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.