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Find the Best Payday Lenders in Detroit, MI

Payday loans fill the gap between paychecks when emergencies arise for those who don’t have access to credit cards or a savings account. Due to the high interest and short term of payday loans, consumers should choose wisely. Our partners at We researched the best payday loans in Detroit for their reputation along with alternative sources for borrowing.

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    Compare Top Payday and Title Loans

    #1 MOST POPULAR
    CashNetUSA
    Overall satisfaction rating
    • Exclusive discounts
    • Receive funds in 24 hours
    • Financial education
    • Loans up to $600

    Get cash quick!

    Read More
    #2
    Advance America
    • Apply in store & online
    • Direct lenders
    • Visa prepaid cards
    • MoneyGram services
    Location
    3440 E. Jefferson Ave.
    Detroit, MI 48207
    (313) 567-0709
    Read More
    #3
    Check ’n Go
    • Online loan options
    • Online application
    • Check cashing service
    • Funds in 24 hours
    Location
    3163 E. Jefferson Ave.
    Detroit, MI 48207
    (313) 568-4000
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    Approved Cash
    • M-Th: 10am - 6pm
    • F: 10am - 7pm
    • Sat: 9:30am - 1pm
    • approvedcashadvance.com
    Location
    27219 W. 7 Mile Rd.
    Redford, MI 48240
    (313) 533-5520
    Woodward Check Cashers
    • Open 24 hours
    • woodwardcheckcashers.com
    Location
    3401 Woodward Ave.
    Detroit, MI 48201
    (313) 832-4155
    Detroit Money Stop
    • M-Sat: 10am - 6pm
    • Closed Sun
    • detroitmoneystop.com
    Location
    14366 Gratiot Ave., Ste. 100
    Detroit, MI 48205
    (313) 526-2274
    Allied Cash Advance
    • M-Sat: 10am - 6pm
    • Closed Sun
    • locations.alliedcash.com
    Location
    1633 S. Merriman Rd.
    Westland, MI 48186
    (734) 641-9830
    CheckSmart
    • M-Sat: 8am - 7pm
    • Closed Sun
    • ccfi.com/checksmart
    Location
    26151 Gratiot Ave.
    Roseville, MI 48066
    (855) 920-9800
    Cash Connection
    • M-F: 9am - 6pm
    • Sat: 10am - 4pm
    • Closed Sun
    • cashconnection.us
    Location
    14114 Telegraph Rd.
    Detroit, MI 48239
    (313) 537-0622
    Cash Now
    • M-Sat: 9:30am - 6:30pm
    • Closed Sun
    • cashnowmi.com
    Location
    6232 Michigan Ave.
    Detroit, MI 48210
    (313) 898-5626
    Express Payday Advance
    • M-Th: 10am - 6pm
    • F: 10am - 6:30pm
    • Sat: 10am - 2pm
    • lincolnparkpaydayloans.com
    Location
    24960 Outer Dr.
    Lincoln Park, MI 48146
    (313) 251-2625

    How to get a payday loan in Detroit

    detroit skyline

    Payday loans are fast and convenient. Storefront and online options give you immediate funding decisions. Payday loan requirements are relatively simple. Even those with low credit scores can borrow. The decision depends on the borrower’s income stability and ability to repay the debt.

    In Michigan, the Deferred Presentment Service Transaction Act governs payday loans and caps the max amount to one loan at a time of no more than $600 per lender; however, consumers can take out an additional payday loan from a different lender.

    Michigan also limits the service fees lenders can charge. A 45 cent verification fee per transaction can be charged above this limit.

    Michigan payday loan amounts, service fees and interest rates

    Loan amount Max service fee APR
    $50 $7.50 391%
    $100 $15 391%
    $200 $29 378%
    $300 $42 365%
    $400 $54 351%
    $500 $65 338%
    $600 $76 330%
    Note: Based on a two-week loan without a 45 cent verification fee.

    Payday lender rates vary by company. Low interest rate payday loans, while still higher than traditional loans, can be found by comparing lender rates to the maximum rate allowed in Michigan.

    State law prohibits payday lenders from using criminal processes to collect on a debt, but lenders can pursue civil action against borrowers who do not repay. Under the United States Fair Debt Collections Practices Act, it is illegal for lenders to threaten jail time.

    Alternatives to payday loans in Detroit

    Payday loans might seem like an ideal way to get money fast in a dire situation, but with interest rates at almost 400 percent, there are alternatives to consider. The best alternative is a Payday Alternative Loan, or PAL, backed by the United States Federal Government and available through National Credit Union Association members.

    These loans have interest rates below 28 percent, are available to those with poor credit scores and have repayment terms between one and six months. The only downside is that to qualify you must be a member of the credit union for one month prior to receiving the loan.

    Other alternatives include:
    • Taking out a credit card cash advance
    • Personal or 401k loan
    • Paycheck advance
    • Borrowing from a family member or friend

    But when you need funds immediately and have no one else to borrow from, payday loans are the only option.

    Detroit Payday Loans Reviews

    CashNetUSA

    This online lender offers a quick application process, instant decision and fast access to funds. Customers love CashNetUSA’s understanding and knowledgeable customer service, the company’s easy-to-navigate website and timely responses to questions.

    CashNetUSA

    Advance America

    Apply online from the convenience of home or at one of Advance America’s 12 Detroit locations for cash approval in only 15 minutes. Friendly staff helps customers identify the right solution for every situation. Other than disliking the occasional long wait, customers love having Advance America on their side when times are tough.

    Advance America

    Check ’n Go

    Check ’n Go offers online payday loan applications and 10 Detroit storefronts where consumers from across the city can access payday loan, check cashing, prepaid card and Western Union services. Customer reviews praise multiple Detroit locations with having fast, friendly, efficient and non-judgmental service.

    Check ’n Go