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Michigan Personal Loan Rate Trends

Track current and weekly average personal loan rates in Michigan, view interactive rate trend charts, and compare local MI aprs against the national average.

Personal Loan
11.160%
▼ 0.582 this week
As of Apr 9, 2026
Debt Consolidation
12.521%
▼ 1.838 this week
As of Apr 9, 2026

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Current Michigan Personal Loan Rate Trends

Personal Loan rates in Michigan fell 0.582 this week to 11.160%, down from 11.742% last week.

At 11.160%, Michigan’s average sits 0.285 above the current national average of 10.875%. This above-average spread may reflect local market conditions or regional lender competition in MI.

The Michigan personal loan rate averages on this page are calculated from 443 verified personal loan rate quotes collected across 149 banks and credit unions actively operating in Michigan. Our proprietary systems collect and verify rates daily — tracking what real licensed institutions are actually quoting to borrowers, not rate sheet estimates.

Michigan Personal Loan Rate Trends Chart

Daily average rates since March 15, 2026. State data shown where available; national average used as fallback. Hover to see exact rates.

Michigan personal loan rate averages compiled from 443 current rate quotes across 149 banks and credit unions operating in MI — updated daily.

As of Apr 9, 2026 • Data provided by MonitorBankRates.com

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About This Widget

Free embeddable iframe widget displaying live weekly average Michigan personal loan rates. Updates automatically each week. Compatible with any CMS or website builder.