Personal loans in Grosse Pointe Park, MI
Lenders active in Grosse Pointe Park report to a Michigan supervisor, identified in the sourced rows below. Grosse Pointe Park is home to roughly 11,124 people and stands 84th by size out of 533 Census places in Michigan.
The first question in Grosse Pointe Park is not the rate on offer but whether the payment fits; about 11,124 people live here under Michigan lending law. The 2020 count to the 2023 estimate shows about 4.1% decline in Grosse Pointe Park. For a community of about 11,124, the practical step is to compare APR across at least three lenders before committing. The next larger city is Harper Woods, MI about 5 miles away.
Grosse Pointe Park: population, trend and location
Read the local figures below as context; read the sourced Michigan table as the rulebook a lender here must follow.
- Population: an estimated 11,124 residents, 84th of 533 places in Michigan (Census Vintage 2023 subcounty estimate).
- Population trend: A loss of roughly 4.1% between 2020 and 2023.
- Absolute change: 475 residents lost between 2020 and 2023.
- Size percentile: about 84% of Michigan's Census places are smaller than Grosse Pointe Park.
- Population density: 5,136 people per square mile on 2.2 square miles of land.
- Land area rank: Grosse Pointe Park's 2.2 square miles rank 223rd of 533 places in Michigan.
- Water: Grosse Pointe Park holds about 1.54 square miles, the 23rd-largest water area in Michigan.
- Share of state population: Grosse Pointe Park's 11,124 residents are about 0.2% of Michigan.
- National rank: Grosse Pointe Park is the 2,918th most populous of the 19,457 Census places covered here.
- Growth rank: Grosse Pointe Park's 2020-to-2023 change ranks 526th of 533 places in Michigan.
- Versus Michigan: the state average change is -0.3%, while Grosse Pointe Park moved 4.1%.
- Density rank: Grosse Pointe Park is the 10th most densely settled place in Michigan.
- Against the state median: Grosse Pointe Park runs about 5,136 residents per square mile, where the Michigan median is 1,078.
- Location: the Census Gazetteer records it at 42.3739, -82.9234.
- Nearest larger cities: Harper Woods (5 mi); Grosse Pointe Woods (5 mi); Eastpointe (6 mi); Hamtramck (7 mi); St. Clair Shores (8 mi). Lenders licensed in the state serve Grosse Pointe Park whether or not they keep a local branch.
- Smaller places nearby: Grosse Pointe (1 mi); Grosse Pointe Farms (2 mi); Village of Grosse Pointe Shores (6 mi).
- Smaller neighbours: 61 places smaller than Grosse Pointe Park sit within 50 miles.
- Within 100 miles: 117 places are larger than Grosse Pointe Park.
What Michigan law requires in Grosse Pointe Park
When Michigan does not publish a figure, the row links to the source instead of inventing a number; Grosse Pointe Park is bound by the same rules.
| 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 |
Grosse Pointe Park in state context
Set beside Michigan's 533 places, Grosse Pointe Park ranks 84th by population and holds about 0.2% of the state total. For population change between 2020 and 2023, Grosse Pointe Park ranks 526th of 533 in Michigan (about the 1th percentile). At about 5,136 people per square mile, Grosse Pointe Park is the 10th most densely settled place in Michigan. The population moved by about 475 people between 2020 and 2023, a 4.1% shift.
A practical checklist for Grosse Pointe Park borrowers
Before you apply in Grosse Pointe Park, a community of about 11,124, work through these steps:
- Pull your credit reports first and correct any error before a lender sees the file.
- Run the numbers on the personal loan calculator so you know the payment before you apply.
- Gather at least three pre-qualified offers and line up the APR, not the headline rate.
- Look the lender up in the Michigan regulator's licence records before you sign.
- Check that the monthly payment fits your budget next to your existing obligations.
- Weigh a shorter term's higher payment against the interest it saves.
- Do not borrow more than the expense calls for, even if a lender approves a larger amount.
What differs between Grosse Pointe Park and the rest of Michigan is not the process but the borrower's own file, among the 11,124 people here.
How lenders reach Grosse Pointe Park
At roughly 5,136 people per square mile, Grosse Pointe Park is densely built; 52 larger places lie within 50 miles. A Michigan licence lets a lender serve Grosse Pointe Park without a local office, so branch density does not change what its 11,124 residents are offered. For a larger market, the closest option is Harper Woods, MI about 5 miles away.
Where Grosse Pointe Park sits
Grosse Pointe Park's land area is about 2.2 square miles; a further 1.54 square miles is water. Spread across it are roughly 5,136 residents per square mile. The largest place in Michigan, Detroit, lies about 9 miles away. Grosse Pointe Park has 52 larger places within a 50-mile radius. The 100-mile radius contains 117 larger places.
Common questions
What are my options in Grosse Pointe Park if my credit is poor?
What loan size can I expect in Grosse Pointe Park?
Do I have to pledge anything to borrow in Grosse Pointe Park?
Does comparing loans in Grosse Pointe Park cost me credit score points?
Nearby places
- Grosse Pointe, MI — population 5,449
- Grosse Pointe Farms, MI — population 9,757
- Harper Woods, MI — population 14,895
- Grosse Pointe Woods, MI — population 15,854
- Village of Grosse Pointe Shores, MI — population 2,542
- Eastpointe, MI — population 33,676
- St. Clair Shores, MI — population 57,548
- Hamtramck, MI — population 27,339