Online Personal Loans in Michigan
As a financial product, personal loans from 36MonthLoans are a midway point between standard loans and online short term loans as they share features with both. The advantages taken from short term online loans are: the online application and easy loan transfer options while the advantages of regular loans are: a higher than average maximum available amount and low interest rates as low as 11.24% APR. Personal loans in Michigan are designed to meet the needs of borrowers with above average credit scores, this is the reason that the interest rates are lower than in other states.
Michigan - Rates & Terms
$1,000 - $25,000
Interest Rate / APR:
Variable (more details
12 months - 36 months
If you meet the requirements and qualify for one of our personal loans we will provide you with a financial solution tailored to your needs, based on your financial eligibility. Once approved for a loan you will be provided the full details of the offer including: interest rate, repayment term, payment amount and the total cost of the loan.
Credit Scores in Michigan
According to a survey performed across the United States by Experian, one of the most important credit reporting companies the average credit score for the State of Michigan was 688. This research was performed in 2011 using over three million credit profiles. The average over the entire United States of America was 687 at the time this survey was performed. As such, the State of Michigan is 1 point above the US average and was ranked 29th in the Top 50 states.
More about Installment Loans in Michigan
Michigan, The Great Lake State is a midwestern state located in the Great Lakes region whose name means "large water" or "large lake" in the Ojibwe language. Michigan is the 11th state in the USA by area, 9th by population and 17th by population density. The state of Michigan is comprised of two peninsulas, the Lower Peninsula which was originally known as Michigan and the Upper Peninsula. Out of the total area occupied by Michigan, 41.5% is water from four of the Great Lakes.
The economy of Michigan is influenced by many industries including automobile manufacturing, information technology, furniture, mining and aerospace development. Michigan is also one of the USA's largest grower of Christmas trees with over 600,000 acres dedicated to this purpose alone. Michigan is also one of the states that typically rank 3rd of 4th in research and development expenditures and is home to some of the leading research institutions in the USA like the University of Michigan, Michigan State University and Wayne State University.
While Michigan is a highly industrialised and developed state, not all of it's residents will be employed on a high paying position. As in any society there will be a few residents that will require some financial help. For those there are many opportunities, one of which is available on our website. Personal loans that we provide in Michigan are completely online and have low rates.
State of Michigan Economic Indicators:
- Income per capita: $35.597 (2010); 
- Average weekly wage: $875 (third quarter 2013) 
- Average household income: $45.981;
- State expenditures ($ in Millions): 48.748 (2013) 
- Unemployment rate: 8.3% (December 2013)