Personal loans in Schoolcraft, MI
Personal loans in Schoolcraft are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 1,445 population.
Schoolcraft is home to roughly 1,445 people and stands 298th by size out of 533 Census places in Michigan. Work out your debt-to-income ratio first; lenders weigh it heavily, and Schoolcraft's 1,445 residents are no exception. Schoolcraft shed about 1.7% of its population between the 2020 base and the 2023 estimate. Every figure below is Michigan's own, applied to Schoolcraft's 1,445 residents, with the publisher and retrieval date attached. The nearest larger metro is Vicksburg, MI about 5 miles away.
Schoolcraft: population, trend and location
Set out below is Schoolcraft's local context next to the state-level rules that reach every lender here.
- Population: a Census-estimated 1,445, 298th among Michigan's 533 places (Vintage 2023).
- Population trend: Lower by roughly 1.7% since the 2020 count.
- Change in people: the 2020-to-2023 comparison is a loss of about 25 residents.
- Size percentile: Schoolcraft sits ahead of around 44% of Michigan places, at 1,445 people.
- Density: the Census land area of 1.0 sq mi holds about 1,471 people per square mile.
- Land area rank: Schoolcraft's 1.0 square miles rank 428th of 533 places in Michigan.
- State population share: Schoolcraft accounts for about 0.0% of everyone in Michigan.
- National rank: Schoolcraft sits 8,825th by population among the 19,457 places in this dataset.
- Growth in Michigan: Schoolcraft stands 415th by percentage change from 2020 to 2023, among 533 places.
- State comparison: Michigan's places average -0.3% for 2020-to-2023, against Schoolcraft's 1.7%.
- Density in Michigan: Schoolcraft ranks 180th by people per square mile.
- Against the state median: Schoolcraft runs about 1,471 residents per square mile, where the Michigan median is 1,078.
- Location: coordinates 42.1169, -85.6337 (US Census Bureau Gazetteer).
- Nearest larger cities: Vicksburg (5 mi); Portage (6 mi); Mattawan (11 mi); Kalamazoo (11 mi); Lawton (11 mi). Larger metros often have more branches, but online lenders reach Schoolcraft on the same terms.
- Nearest smaller towns: Marcellus (11 mi); Mendon (12 mi); Centreville (15 mi) — useful context for the surrounding area.
- Smaller neighbours: 48 places smaller than Schoolcraft sit within 50 miles.
- Larger places within 100 miles: 196.
Which Michigan laws govern a loan in Schoolcraft
For the roughly 1,445 residents of Schoolcraft, the rules below are Michigan's own; each row carries its publisher and retrieval date.
| 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 |
| 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 |
| Payday lending status | Legal and licensed — deferred presentment service transactions (2005 PA 244; MCL 487.2121 et seq.), licensed and regulated by DIFS Source says: "AN ACT to regulate the business of providing deferred presentment service transactions; to require the licensing of providers of deferred presentment service transactions" | Michigan Legislature as of 2026-09-16 |
Where Schoolcraft sits
Schoolcraft covers about 1.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. That land carries about 1,471 people per square mile. Detroit, the largest place in Michigan, is about 131 miles from Schoolcraft. Schoolcraft has 58 larger places within a 50-mile radius. By land area it ranks 428th of 533 Michigan places.
Inside a Schoolcraft personal loan
In Schoolcraft, a small community of about 1,445, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Schoolcraft lender to disclose the APR and finance charge before you sign. Shortening the term on a Schoolcraft loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Where Schoolcraft sits in Michigan
Set beside Michigan's 533 places, Schoolcraft ranks 298th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 415th of 533 Michigan places, putting it near the 22th percentile for growth. At about 1,471 people per square mile, Schoolcraft is the 180th most densely settled place in Michigan. Within 50 miles sit 48 smaller Census places, alongside the 58 that are larger.
What is available to Schoolcraft borrowers
With about 1,471 residents per square mile, Schoolcraft is moderately settled, and 58 larger Census places sit within 50 miles. Whether Schoolcraft has a local branch or not, a Michigan-licensed lender can serve its 1,445 people online on the same terms. The nearest larger city, Vicksburg, MI about 5 miles away.
Common questions
What are my options in Schoolcraft if my credit is poor?
What loan size can I expect in Schoolcraft?
Do I have to pledge anything to borrow in Schoolcraft?
Does comparing loans in Schoolcraft cost me credit score points?
Nearby places
- Portage, MI — population 49,302
- Vicksburg, MI — population 3,929
- Kalamazoo, MI — population 73,126
- Three Rivers, MI — population 7,928
- Mattawan, MI — population 2,756
- Marcellus, MI — population 1,049
- Mendon, MI — population 868
- Lawton, MI — population 1,789