The Best Loans in Utah 2022: Compare Loan Rates

Written by:  Financer.com
|
Last updated: August 3, 2022

Financer.com helps you compare online loan rates in Utah. Compare different loan options in Utah and read more about the payday loan laws in the state.

  • Compare lenders online
  • Find a loan in Utah
  • Compare loan rates and apply

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The Best Utah Loans for December 2023

Borrow $1,000 for a period of 6 Months.
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Amount: $1,000 | Period: 6 Months
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We found 20 loans

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Choose your state
recommended

Chosen 1,204 times

recommended

Chosen 1,204 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now

Customer Type

All

Borrow up to

$5,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

2 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 91,391 times

recommended

Chosen 91,391 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now
Most chosen

Customer Type

All

Borrow up to

$10,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

35 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 31,936 times

recommended

Chosen 31,936 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now

Customer Type

All

Borrow up to

$35,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

14 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 26,778 times

Chosen 26,778 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now
Lowest cost

Customer Type

All

Borrow up to

$10,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

23 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 78,474 times

recommended

Chosen 78,474 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Customer Type

All

Borrow up to

$35,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

89 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 20 offers
$1,000
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How to Compare Loans in Utah

How to Compare Loans in Utah
1
Choose your loan amount
Choose the amount of money you want to borrow
2
Compare loan rates
Filter the results based on your needs and compare loan rates
3
Choose the best offer
Choose the best offer from leading lenders
4
Complete the application
Click Get Started and complete your application online

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Online Loans in Utah

Consumers in Utah who are facing a financial crisis have various lending options at their disposal. The first option is to obtain a Utah payday loan.

These types of loans often have minimal requirements and are meant to be short-term.

Another type of Utah personal loans available in the state is installment loans. These are paid back over a longer period of time in equal monthly installments.

The Utah Department of Financial Institution regulates the financial institutions found within this state including banks, credit unions, and payday lenders. Learn more about the lending situation in Utah below.

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Save more on your loan by comparing with us first.

The Advantages of Online Utah Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Online Payday Loans in Utah 

Utah’s cash advances are limited to a period of 10 weeks. There aren’t any restrictions on the sum of a loan a borrower may take and the loan may be rolled over several times as long as the loan term does not exceed 10 weeks.

There are certain regulations a lending company in Utah must follow so that they can keep doing business in the state:

  • Pay the registration fee
  • Supply the facts required, such as the full rundown of all fees
  • Supply a written agreement to the client
  • The client should be well informed of the payment dates, terms, and all fees

Utah Payday Loan Regulations

Legal StatusLegal
Interest Rate (APR)658%
Max. Loan AmountNo Limit
Min. Loan TermNot specified
Max. Loan Term70 days (10 weeks)
Number of RolloversNot specified
Cooling-off Period6 years 
Statute of LimitationsYes
Updated August 3 2022

Payday Loan Restrictions in Utah

Although payday loans in Utah have no maximum amount, Utah has specific laws for lenders when it comes to payday loans:

  • The maximum time period a payday cash advance may be taken is 10 weeks.
  • It is allowed to roll over loans, provided that the loan term is no longer than 10 weeks.
  • There aren’t any restrictions with regard to interest rates and finance charges.
  • Utah has no set limit to a maximum loan amount.
  • There is no limitation to the number of loans that a person can apply for.

 

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.
Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Lending Interest Rates in Utah

The state of Utah is pretty much an open season to the borrower since there is no limit on how much interest can be charged.

Critics have said that this practice leads to huge APR’s and forces a borrower to take out multiple loans to cover defaults.

Utah interest rates are determined by various factors, among them a borrower’s rating. If an applicant’s credit rating is poor, there will be a higher interest rate charged.

However, other types of loans in Utah such as installment loans or title loans will still attract a high APR regardless of whether the rating is good or bad.

Although cash advances in Utah have no limit on APRS, the state has capped the interest rate on bank loans at 10% per annum in the absence of a contract specifying a different rate.

Why Compare Personal Loans at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in Utah
Find the Cheapest Payday Loans in Utah
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What Customers Say About Us

4.60 based on 322 reviews

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Compare Utah Loans at Financer.com

Financer.com helps you compare the best personal loans in Utah and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in Utah and take the guesswork out of doing all the legwork yourself.

Utah Loans - FAQs

Are payday loans legal in Utah?

Yes. Payday loans are legal in Utah and there is no maximum loan amount limit. The maximum loan length is 10 weeks. 

How much will Utah loans cost?

The cost for online payday loans in Utah will vary by lender. However, the maximum APR allowed in Utah is 658%. This can often include fees plus the interest rate. 

Example: A $500 loan for 31 days with a 210% APR will have a total of $88 in fees, with a total payback amount of $588.

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