Payday Loans in Grosse Pointe Park, MI: Rules, Costs and Local Options

Grosse Pointe Park at a glance

There is no separate Grosse Pointe Park payday law: Michigan rules apply here, and any lender serving Grosse Pointe Park residents, online or in person, needs a license from the Michigan Department of Insurance and Financial Services (DIFS).

Credit unions near Grosse Pointe Park

No credit union has its main office in Grosse Pointe Park, but these are based elsewhere in Wayne County (NCUA, June 2026):

• Downriver Community Federal Credit Union in Ecorse (federal charter — may offer payday alternative loans (PALs))
• International Uaw Federal Credit Union in Detroit (federal charter — may offer payday alternative loans (PALs))
• Michigan Columbus Federal Credit Union in Livonia (federal charter — may offer payday alternative loans (PALs))
• Wayne-Westland Federal Credit Union in Westland (federal charter — may offer payday alternative loans (PALs))
• Shore To Shore Community Federal Credit Union in Trenton (federal charter — may offer payday alternative loans (PALs))

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.

Payday loan rules that apply in Grosse Pointe Park

In short, Michigan rules that cover Grosse Pointe Park include: 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. See the full Michigan payday loan rules.

What a $300 loan costs in Grosse Pointe Park

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

Before a payday loan, Grosse Pointe Park residents can usually find something cheaper:

1. Local assistance through 211 covering Wayne County.
2. A credit union payday alternative loan (max 28% APR). See PALs explained.
3. Your bank’s small-dollar loan, if offered (compare banks).
4. A cash advance app for $20–$500 (apps compared).

Towns near Grosse Pointe Park

• Grosse Pointe · 1 mi
• Grosse Pointe Farms · 2 mi
• Harper Woods · 5 mi
• Grosse Pointe Woods · 5 mi
• Village of Grosse Pointe Shores · 6 mi
• Eastpointe · 6 mi

The nearest larger city is Eastpointe, about 6 miles away. See all 506 Michigan cities.

Frequently asked questions