Michigan Payday Loans
- Get up to $600
- No Teletrack
- Instant approval decision
- Same-day funding*
- Apply online or at our MI location
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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What Is a Payday Loan?
A payday loan is a short-term loan that is due by your next paycheck. This product is designed for emergency situations that require a small amount within a short period. In Michigan, people use them to cover urgent expenses such as utility bills, medical costs, car repairs, and more.
How to Get Your Loan
Applying for a payday loan with us is quick and simple, with just three easy steps to follow:
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Start your application. Complete your form online in just 5 minutes, visit our Michigan store, or call us at (248) 970-1967.
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Get approved. The underwriting process is usually almost instant, so you will receive a loan decision right away.
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Receive the money. If approved, the funds will be transferred to you on the same day* via a direct deposit.
*Same-day funding options are available for applicants who finalized their loans before 10:30 am ET on a business day. Loans originated after 10:30 am ET or on weekends are processed on the next banking day.
What Do You Need to Apply?
Here’s what you need to get a payday advance in Michigan:
- At least 18 years of age
- Valid government-issued ID
- Social Security Number
- Active bank account
- Proof of Michigan address
- Income confirmation
- Valid email and phone number
Rates & Terms
Michigan payday loans come with a maximum loan amount of $600 and a repayment period of up to 31 days.
A maximum of 15% can be charged on the first $100 of the loan, 14% on the second $100, 13% on the third $100, 12% on the fourth $100, and 11% on the fifth and sixth $100.
Additionally, you may be charged a fee for insufficient funds of up to $28.66. A no-cost extended payment plan may be offered if you fail to repay the funds on time. Head to our payday loan FAQ and licensing information for more details.
Here are cost examples for a 14-day payday loan:
| Loan Amount | Finance Charge | Total Cost | APR |
|---|---|---|---|
| $100 | $15 | $115 | 391.07% |
| $200 | $29 | $229 | 378.03% |
| $300 | $42 | $342 | 365% |
| $400 | $54 | $454 | 351.96% |
| $500 | $65 | $565 | 338.93% |
| $600 | $76 | $676 | 330.24% |
1F Cash Advance in Michigan
1F Cash Advance offers quick financial support across Michigan. Whether you’re living in Detroit, Grand Rapids, Warren City, Sterling Heights, or Ann Arbor, we’re here to provide professional advice and personalized guidance. Visit our store at:
41000 Woodward Ave, Suite 355, Bloomfield Hills, MI 48304
Not in Michigan? We operate nationwide. Find the nearest location in your state.
Find a StoreThe Responsible Way to Borrow
While a payday loan may provide quick financial relief in an emergency situation, responsible borrowing is a priority. Follow these tips to manage your debt effectively:
- Don’t borrow more than needed. Carefully assess your current situation and determine the amount required to meet your needs. Avoid borrowing more than necessary to reduce interest and keep your payments manageable.
- Plan for repayment. Make sure you can repay the borrowed amount on time before entering into any loan deals. Create a realistic budget and prioritize debt repayment.
- Avoid debt cycles. Don’t borrow money to pay off existing debts. If you face any problems, consider refinancing or seeking credit counseling instead.
- Use payday loans for emergencies only. Payday loans are a short-term solution for your urgent needs. If you rely on them regularly to cover your daily expenses, find ways to reduce financial strain through budgeting, alternative income sources, or professional assistance.
Why Choose 1F Cash Advance
1F Cash Advance believes everyone deserves fair and accessible loan products for their emergency needs. Therefore, we offer fast and easy-to-get financing to borrowers with any credit. Here’s what makes us on of a kind:
Quick loan process
Michigan payday loans from 1F Cash Advance require no traditional credit check. You can apply online in minutes, get approved instantly, and receive your funds within a day.
No hidden fees
All the terms and costs will be disclosed in your loan contract in a clear and understandable way, which guarantees predictability and provides peace of mind.
Advanced data security
We protect your data by using encryption technologies and don't share it with any unaffiliated third parties.
1F Cash Advance Reviews
See what our customers say about their experience with 1F Cash Advance in Michigan:
exceptional service
had a really good time at 1f cash Advance explained everything to me in a way I understood also gave me some awesome tips on managing loans that I never wouldve thought of myself and just exceptional service!
expected getting a loan to be tiring
expected getting a loan to be tiring, but Dove made it smooth and stress-less and their chill attitude and expertise made a difference she even shared practical ideas on budgeting and staying on top of payments.
Taking this loan out went way smoother…
Taking this loan out went way smoother than I thought managers weren’t just professional but also pretty friendly, which made the whole thing less nerve-wracking their advice on handling the payments and keeping my credit solid was useful too. Its cool to see a finance place act like real people for a change!
recommend
if your looking to get a loan, I’d recommend going to check this place out for sure. The folks there are friendlier than your cousin Jed, and they’ll give you real solid advice on budgeting and dealing with debt that makes sense. They turned what couldve been a real stressful thing into a nice casual chat between friends
I’m very happy.
Their customer service really stood out. I had a question about repayment terms, and they explained everything in detail without making me feel pressured. I’m very happy with my experience.
FAQ
Will taking out an online loan affect my credit?
Loans from 1F Cash Advance come with no credit check via major credit bureaus. Your financial profile will be reviewed via third-party agencies instead. This means applying for a loan won't affect your FICO rating.
Can I apply for a payday loan with bad credit?
We don't set minimum credit score requirements, making payday loans an accessible option for bad credit borrowers. Your income, bank account history, employment status, debts, and payment history are the factors we assess when making approval decisions.
How fast will I get the loan funds?
For payday loans requested online, same day deposits are available to Michigan residents who e-signed their loan agreements before 10:30 am on weekdays. Otherwise, the money will be transferred as soon as the next banking day. In-store applicants can receive the funds instantly once they provide a check on the total cost of the loan.
What payday loan alternatives are available?
If you need a higher amount for a longer period, consider our installment loans of up to $5,000, with the repayment over up to 24 months. Borrowers who are looking for a flexible loan solution for their ongoing needs can consider credit lines. Alternatively, you can borrow money from your family members to avoid high lender fees.