What a loan can cost in Utah
Examples at an illustrative rate, never above Utah's cap for the amount. They are not quotes.
Representative example
- Amount borrowed
- $500
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $48.74
- Finance charge
- $84.88
- Total of payments
- $584.88
Example: a $500 installment loan at 29.99% APR repaid in 12 monthly payments of $48.74 costs $584.88 in total, including a finance charge of $84.88. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Representative example
- Amount borrowed
- $1,000
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $97.48
- Finance charge
- $169.76
- Total of payments
- $1,169.76
Example: a $1,000 installment loan at 29.99% APR repaid in 12 monthly payments of $97.48 costs $1,169.76 in total, including a finance charge of $169.76. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Representative example
- Amount borrowed
- $3,000
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $292.45
- Finance charge
- $509.40
- Total of payments
- $3,509.40
Example: a $3,000 installment loan at 29.99% APR repaid in 12 monthly payments of $292.45 costs $3,509.40 in total, including a finance charge of $509.40. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Resources in Utah
Free and low-cost help in Utah, each with its official link and the date we checked it.
Lending regulator and complaints
Utah Department of Financial Institutions (DFI) licenses lenders in Utah.
Check a lender's license File a complaint
dfi.utah.gov Checked September 23, 2026
Attorney general consumer protection
Takes complaints about scams and unfair debt collection.
commerce.utah.gov Checked September 23, 2026
211
Help with rent, utilities, food and other urgent bills.
211utah.org Checked September 23, 2026
Legal aid
Free civil legal help if your income is low; income limits vary.
utahlegalservices.org Checked September 23, 2026
Nonprofit credit counseling
Help with a budget or a debt management plan.
nfcc.org Checked September 23, 2026
Benefits portal
Check whether you qualify for food, cash or other benefits in Utah.
jobs.utah.gov Checked September 23, 2026
Federal complaints
Complaints about any lender, to the Consumer Financial Protection Bureau.
Submit a complaint to the CFPB
consumerfinance.gov Checked September 23, 2026 Available in Spanish
Cheaper options to try first
Worth checking whatever your credit: these can cost less than a high-rate loan.
- Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
- Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
- Credit-builder loans: a small loan held in savings while you pay it off, which can help build a payment history.
- Secured credit cards: a card backed by a deposit you make, which can help build credit when you pay on time.
The rules lenders follow in Utah
Each rule links to its source. How we research state rules.
Allowed in Utah: installment and personal loans, title loans and payday loans.
| Product | Status | APR cap | Amount | Term | License | Law |
|---|---|---|---|---|---|---|
| Installment and personal loans[1][2] | AllowedNo rate limit in state law | No rate limit | Not set by statute | Not set by statute | Consumer lenders generally register/operate under the Utah Consumer Credit Code | Utah Code Title 70C, Section 70C-7-106 |
| Title loans[3][1][2] | AllowedNo rate limit in state law | No rate limit | Not set by statute | Not set by statute | Title Lender Registration | Utah Code Title 7, Chapter 24 |
| Payday loans[4][1][2] | AllowedNo rate limit in state law | No rate limit | Not set by statute | Up to 70 days | Deferred Deposit Lender registration | Utah Code Title 7, Chapter 23 |
| Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow. | ||||||
Bars place each APR cap on a 0 to 400% scale; the pin marks the cap. A striped bar means the statute sets no numeric cap.
Rate, fee and license rules in Utah
Installment and personal loans
- Rate cap
- Utah has no statutory interest rate ceiling for consumer loans generally; the Utah Department of Financial Institutions states directly: 'Utah law does not specify an interest rate ceiling, but does have an unconscionability provision (Section 70C-7-106 of the Utah Code).' Rates are market-determined; only a court-applied unconscionability standard limits them after the fact.
- Fees
- Consumer lenders are subject to disclosure requirements under the Utah Consumer Credit Code (Title 70C) and, if unsecured/small, may fall under the same registration regime as deferred deposit lenders depending on structure.
- License
- Consumer lenders generally register/operate under the Utah Consumer Credit Code (Title 70C); specific installment lenders not doing deferred-deposit or title lending typically need a Utah DFI Consumer Lender license depending on structure and loan type.
Title loans
- Rate cap
- No statutory interest rate ceiling; same market-rate/unconscionability standard applies. Title Lending Registration Act (Utah Code Title 7, Chapter 24) regulates operationally: lenders must register (Title Lender Registration, TLR), post interest/fees consistent with federal Truth in Lending (Reg Z), and provide a written contract detailing loan terms.
- License
- Title Lender Registration (TLR) under Utah Code Title 7, Chapter 24, Dept. of Financial Institutions.
Payday loans
- Rate cap
- No statutory interest rate ceiling; same market-rate/unconscionability standard as installment loans applies. Utah Code Title 7, Chapter 23 (Check Cashing and Deferred Deposit Lending Registration Act) governs the product operationally rather than through a price cap.
- License
- Deferred Deposit Lender registration under Utah Code Title 7, Chapter 23, Dept. of Financial Institutions.
Rent and jobs in Utah
Typical rent and the jobless rate, to weigh before a loan payment.
Guides for Utah borrowers
Check your options in Utah
Utah questions
Does Utah law allow payday loans?
Utah law allows payday loans. State law sets no numeric cap on the cost. Source: Utah Code Title 7, Chapter 23.
What is the most a lender can charge in Utah?
By loan type in Utah: Installment and personal loans: No rate limit. Title loans: No rate limit. Payday loans: No rate limit.
Where can I file a complaint about a lender in Utah?
You can file a complaint with Utah Department of Financial Institutions (DFI), and you can also submit one to the Consumer Financial Protection Bureau. Both links are under Resources in Utah on this page.
How do I check a lender's license in Utah?
Utah Department of Financial Institutions (DFI) licenses lenders in Utah. Use the license link under Resources in Utah on this page to check a lender before you share your information.
Is there free help paying bills in Utah?
Yes. Resources in Utah on this page lists free help, including 211, legal aid, nonprofit credit counseling and benefits portal.
Nearby states
Sources
- dfi.utah.gov. Utah Code Title 70C, Section 70C-7-106. Retrieved September 23, 2026.
- dfi.utah.gov. Utah Department of Financial Institutions (DFI). Retrieved September 23, 2026.
- dfi.utah.gov. Utah Code Title 7, Chapter 24. Retrieved September 23, 2026.
- le.utah.gov. Utah Code Title 7, Chapter 23. Retrieved September 23, 2026.
- National Low Income Housing Coalition. Out of Reach 2026: Utah. Retrieved September 23, 2026.
- U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.
Important disclosures
APRs vary by lender and state in Utah. Each lender sets its own rates and terms and must show you the APR before you sign.
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- Questions about a lender licensed in Utah? Contact the Utah Department of Financial Institutions (DFI) or file a state complaint.
- You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.