Personal loans in Davison, MI

With 5,056 residents, Davison outranks about 71% of the communities in Michigan. A lender serving Davison holds a Michigan licence and answers to a Michigan regulator; no city office is involved for its 5,056 residents.

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

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Judge Davison offers on total cost, not on how quickly the money arrives. For the 5,056 people in Davison, Michigan runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Davison lost roughly 1.6% of its population across the 2020-to-2023 comparison. Borrowers who want a bigger city can look to Burton, MI about 5 miles away.

What the Census records for Davison

Set out below is Davison's local context next to the state-level rules that reach every lender here.

How a Davison personal loan is priced

A Davison personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 5,056 residents. The APR tracks your credit score rather than Davison's rank of 153rd in Michigan: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a Davison loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

What Michigan law requires in Davison

Every row below records a Michigan rule, its publisher and its retrieval date — the same rules a Davison lender must follow.

RuleDetailSource
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
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 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

What is available to Davison borrowers

Davison is fairly dense, with about 2,546 people per square mile and 58 larger places within 50 miles. Whether Davison has a local branch or not, a Michigan-licensed lender can serve its 5,056 people online on the same terms. The nearest larger city, Burton, MI about 5 miles away.

Land, water and location for Davison

Davison's land area is roughly 2.0 square miles, and the Gazetteer records no significant water area within it. That land carries about 2,546 people per square mile. The largest place in Michigan, Detroit, lies about 50 miles away. Counting outward 50 miles, 58 larger communities surround Davison. By land area it ranks 241st of 533 Michigan places.

Davison's place among Michigan's 533 places

Among Michigan's 533 places, Davison sits at 153rd for population, a share of roughly 0.1% of the state. Its 2020-to-2023 change ranks 400th of 533 Michigan places, putting it near the 25th percentile for growth. By density, at about 2,546 people per square mile, it ranks 86th in Michigan. Between 2020 and 2023 the count changed by roughly 83 residents.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Davison if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Davison is the same as anywhere in Michigan.
What loan size can I expect in Davison?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Davison?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Davison cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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