Personal loans in Honor, MI
With roughly 333 residents, Honor is a small community, and the lending rules its borrowers live under are written in Michigan, not by the city. By population, Honor sits at 479th in Michigan, with an estimated 333 residents.
A 2020-to-2023 comparison shows Honor up by about 2.5%. If debt is already a strain, a nonprofit credit counsellor can help Honor residents before they take on more. The next larger city is Benzonia, MI about 5 miles away. Consumer lending that reaches Honor's 333 residents is governed by Michigan statute; no city ordinance changes it.
Honor: population, trend and location
The figures below are Honor's own — Census population, land area and coordinates — followed by the Michigan rules.
- Population: about 333 people live here, which puts Honor 479th of 533 Census places in Michigan (Vintage 2023).
- Population trend: Up about 2.5% from the 2020 Census base to the 2023 estimate.
- Absolute change: 8 residents added between 2020 and 2023.
- Size percentile: roughly 10% of Michigan's places have fewer residents than Honor's 333.
- Land and density: 0.5 square miles of land carry roughly 618 residents per square mile.
- By land area: Honor ranks 508th among Michigan's 533 places, at 0.5 sq mi.
- Water area rank: Honor ranks 306th among Michigan's 533 places, with 0.01 sq mi.
- Share of state population: Honor's 333 residents are about 0.0% of Michigan.
- National rank: Honor sits 14,759th by population among the 19,457 places in this dataset.
- Growth in Michigan: Honor stands 48th by percentage change from 2020 to 2023, among 533 places.
- Versus Michigan: the state average change is -0.3%, while Honor moved 2.5%.
- Density rank: Honor is the 413th most densely settled place in Michigan.
- Density vs Michigan: Honor's 618 people per square mile compare with a state median of 1,078.
- Location: latitude 44.6664, longitude -86.0194 (Census Gazetteer).
- Nearest larger cities: Benzonia (5 mi); Empire (10 mi); Frankfort (11 mi); Thompsonville (11 mi); Bear Lake (18 mi). A branch is convenient; it is not what sets your APR.
- Smaller places nearby: Beulah (5 mi); Lake Ann (9 mi); Elberta (11 mi).
- Within a 50-mile radius: 9 smaller Census places.
- At 100 miles: 108 larger Census places fall inside that radius.
Michigan rules behind a Honor personal loan
These are Michigan's sourced lending facts as they reach Honor's 333 residents; the state has no city-level rate rule.
| Rule | Detail | Source |
|---|---|---|
| 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 |
Honor: area, density and distance
Inside Honor's boundaries lie roughly 0.5 square miles of land and 0.01 square miles of water. Spread across it are roughly 618 residents per square mile. The largest place in Michigan, Detroit, lies about 215 miles away. Counting outward 50 miles, 24 larger communities surround Honor. Within the same 50 miles lie 9 smaller Census places.
Before you apply in Honor
Complete these steps first when you borrow in Honor (333 residents):
- Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
- Price the payment first with our personal loan calculator before any lender quotes you.
- Gather at least three pre-qualified offers and line up the APR, not the headline rate.
- Verify the lender's Michigan licence with the regulator listed on this page.
- Write down the purpose of the loan and your repayment plan before you apply.
- If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
- Check the disclosure for fees that raise the true cost above the quoted rate.
The process is identical across Michigan; what changes is your credit file, not the fact that Honor holds 333 people.
Honor in state context
Among Michigan's 533 places, Honor sits at 479th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Honor ranks 48th of 533 in Michigan (about the 91th percentile). Its roughly 618 residents per square mile place it 413th among Michigan's places. By land area, its 0.5 square miles rank 508th of 533 places in Michigan.
Borrowing reach in Honor
Honor is moderately settled, with about 618 people per square mile and 24 larger places within 50 miles. A Michigan licence lets a lender serve Honor without a local office, so branch density does not change what its 333 residents are offered. The nearest larger city, Benzonia, MI about 5 miles away.
Common questions
What are my options in Honor if my credit is poor?
What loan size can I expect in Honor?
Do I have to pledge anything to borrow in Honor?
Does comparing loans in Honor cost me credit score points?
Nearby places
- Beulah, MI — population 310
- Benzonia, MI — population 558
- Empire, MI — population 358
- Thompsonville, MI — population 484
- Lake Ann, MI — population 251
- Copemish, MI — population 193
- Frankfort, MI — population 1,277
- Elberta, MI — population 315