- Payday loans in Dearborn follow Michigan law (Deferred Presentment Service Transactions Act (Act 244 of 2005)).
- Borrowing $300 at the state maximum costs $42.
- 1 credit union is headquartered in Dearborn; ask about small-dollar loans before borrowing.
Dearborn at a glance
| Dearborn | |
|---|---|
| Population (2024 Census estimate) | 106,377 |
| Change since 2020 | -2.9% (shrinking) |
| County | Wayne County |
| Size rank among 506 Michigan places we cover | 7th |
| Share of Michigan’s population | 1% |
| Nearest larger city | Detroit (about 7 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Wayne County | 20 |
| Other towns within 25 miles | 74 (about 2,575,319 residents) |
| Typical payday APR statewide (CRL 2023) | 356% |
Whether you borrow at a storefront in Detroit or online from Dearborn, the lender must hold a Michigan license from the Michigan Department of Insurance and Financial Services (DIFS) and follow state limits.
Credit unions in Dearborn
These credit unions have their main office in Dearborn, according to NCUA call report data (June 2026):
- Dfcu Financial Credit Union (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
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Payday loan rules that apply in Dearborn
| Rule | Michigan |
|---|---|
| Maximum loan | $600 |
| Maximum fee | 15% of the first $100, 14% of the second, 13% of the third, 12% of the fourth, 11% of the fifth and sixth ($76 on $600) |
| Loan term | Up to 31 days |
| Database | All licensed lenders check a statewide database |
What a $300 loan costs in Dearborn
The Center for Responsible Lending put the typical APR on a $400 payday loan in Michigan at 356% (June 2023). For $300 at the state maximum, expect $42. Check any offer with our payday loan calculator.
Other help in Wayne County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Dearborn that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Dearborn
- Melvindale · 3 mi
- Allen Park · 4 mi
- Dearborn Heights · 4 mi
- Lincoln Park · 5 mi
- River Rouge · 5 mi
- Ecorse · 6 mi
The nearest larger city is Detroit, about 7 miles away. See all 506 Michigan cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Dearborn?
Yes. Payday loans are legal in Dearborn under Michigan state law, and lenders must be licensed by the Michigan Department of Insurance and Financial Services (DIFS).
How much does a payday loan cost in Dearborn?
At Michigan’s maximum fee, borrowing $300 costs $42. The typical statewide APR was 356% in 2023.
Are there credit unions in Dearborn?
Yes. NCUA data lists 1 credit union with a main office in Dearborn, including Dfcu Financial Credit Union.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Michigan DIFS — Deferred presentment FAQ
- Act 244 of 2005
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary