Home›State rule guide›Michigan Payday Loans: $600 Limit, Tiered Fees & Two-Loan Rule

State rule guide

Michigan Payday Loans: $600 Limit, Tiered Fees & Two-Loan Rule

Check Michigan deferred-presentment rules: $600 maximum, up to two open loans, one per lender, 31-day maximum and tiered service-fee schedule.

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✓Availability✓Limits✓Licensing

Check the actual providerConfirm who makes the credit decision.

Normalize the costCompare fees, APR, total due and dates.

Stress-test repaymentProtect essential cash after the payment.

Complete guide

Answers, tradeoffs and next steps

Use the sections below to evaluate fit, not to predict approval.

State-specific decision hinge

Michigan’s six-step service-fee ladder makes exact amount math more useful than a national per-$100 estimate.

Current state rule table

State field	Current rule
Maximum principal	$600
Open loans	Up to 2 at one time, but no more than 1 with the same lender
Maximum repayment date	No more than 31 days after transaction
Fee tiers	15%, 14%, 13%, 12%, 11%, 11% across successive $100 portions
License	Deferred-presentment providers are regulated/licensed by Michigan DIFS

Product scenario

Michigan’s official example shows a $600 loan can carry a $76 service fee under the tiered schedule: $15+$14+$13+$12+$11+$11.

Interactive decision tool

State range checker

Test the requested amount against the rule summarized on this page.

1Enter→2Compare→3Verify

Amount requested$Rule maximum shown here$

Illustrative resultEnter your numbers

Provider terms and current state requirements control any offer.

Decision infographic

From state rule to final provider check

A statutory ceiling is not an approval amount.

StartState ruleProduct status and maximum.

ThenOpen loansDatabase or provider verification.

ResultEligible rangeProvider confirms the amount.

What controls the decision

State ruleApply

Open loansVerify

ProviderConfirm

3/3

Ready to compare

Inputs, provider disclosure and repayment fit must agree.

Three gates before you continue

1Lawful routeProduct allowed in the state?
2Amount checkWithin the state framework?
3Database checkOutstanding obligations verified?

Continue the guide

Apply the result to this decision

Use the remaining checks before moving to a provider form.

If the state/product check fails

Do not suggest an unlicensed online lender or an out-of-state workaround.
Route to bank / credit union / PAL / lawful installment alternatives where available.
If the issue is an existing unpaid loan, show repayment-plan / hardship rights before new credit.
If the payment would erase the user's safety buffer, lower the amount or return a no-borrow outcome.

Product objections / FAQ

Does the state maximum mean I should borrow that amount? No. The legal ceiling is not an affordability recommendation. Are online lenders exempt from state rules? Payday Hex does not treat an online channel as an exemption. The lender must be legally permitted to serve the user under the applicable framework. How fresh are these rules? Sources below were checked on 6 Sep 2026. Volatile lender availability and any state changes must be refreshed immediately before publication.

Quick comparison

What the product page must answer

Decision	Look for	Stop if
Availability	State eligibility and provider identity	The creditor or license path is unclear
Cost	Amount received, required fees, APR and total repayment	Only the payment size is shown
Timing	Decision, release and bank-posting stages	“Instant” is presented as guaranteed
Repayment	Exact dates, method and late-payment consequences	The payment reopens the same cash gap

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