Grand Rapids, MI · Midwest · Allowed
Payday loans in Grand Rapids
Grand Rapids is governed by Michigan's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Michigan. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Grand Rapids
214,777 residents · Kent County/Kent County Median household income is $62,706 — above the Michigan median of $56,012.
7 storefront locations of 3 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| Advance America Check Cashing/Pay-day Loans | 353 Fuller Ave NE, 49503 | (616) 774-1021 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advance America Check Cashing/Pay-day Loans | 3835 28th St SE, 49512 | (616) 285-5494 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advance America Check Cashing/Pay-day Loans | 4158 Lake Michigan Dr NW, 49534 | (616) 735-2269 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advance America Check Cashing/Pay-day Loans | 3914 Plainfield Ave NE, 49525 | (616) 363-4634 | Mon 10:00 AM - 6:00 PM · hours vary |
| Cash Store Check Cashing/Pay-day Loans, Title Loans, Installment Loans | 3674 Plainfield Ave NE, 49525 | (616) 363-4498 | Mon 10:00 AM - 6:00 PM · hours vary |
| Cash Store Check Cashing/Pay-day Loans, Title Loans, Installment Loans | 1209 28th St SW, 49509 | (616) 534-3588 | Mon 10:00 AM - 6:00 PM · hours vary |
| West Michigan Finance Installment Loans | 741 Kenmoor Ave SE Ste C, 49546 | (616) 808-3200 | Hours not listed |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Michigan page before visiting. Spot an error? Report it.
The online route in Grand Rapids
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Michigan follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Michigan regulator.
The rules behind the numbers
A deferred presentment service transaction is not intended to meet long-term financial needs.
In practice: borrow $300 for a standard term and the finance charge is $42 — $342 repaid at the end, about 365% APR. Every compliant lender in Grand Rapids has to fit inside that schedule.
Statute: MCL 487.2121 et seq. (Deferred Presentment Service Transactions Act)
Regulator: Michigan Department of Insurance and Financial Services · www.michigan.gov
Questions people ask in Grand Rapids
Are payday loans legal in Grand Rapids, MI?
Yes. Storefront payday lending is permitted across Michigan, and Grand Rapids runs under the same state rules: maximum loan $600, fees capped at 15% on first $100, 14% on 2nd $100, 13% on 3rd $100, 12% on 4th $100, 11% on 5th & 6th $100. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Grand Rapids?
The same as anywhere in Michigan: state law sets the schedule. On a typical $300 loan the finance charge is about $42 — $342 repaid at the end of the standard term.
Which lenders have stores in Grand Rapids?
7 storefronts are listed in Grand Rapids in our 2022-02-20 directory snapshot (3 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Grand Rapids?
Complaints about a lender go to the Michigan Department of Insurance and Financial Services (www.michigan.gov) — keep the loan agreement and every fee disclosure you were given.