Compare your loan options in Utah

If you need a payday loan, make sure you know the laws before you borrow

If you’re short on cash and looking to borrow a small amount of money, you may be considering a payday loan. Payday loans have specific rules when it comes to how long you can borrow. Our guide helps you learn the ins and outs of payday lending in Utah.

MoneyKey-arranged or MoneyKey Installment Loan

MoneyKey Loans

Apply for a payday loan, installment loan or line of credit conveniently online and enjoy great customer service.

  • Minimum loan amount: $200
  • Maximum loan amount: $1,000 (unless otherwise stated)
  • Turnaround time: As soon as 1 business day, depending on your bank’s policies
  • Loan term: Varies by state
  • Good credit not required
  • Confidential and secure
  • Must have a valid bank account, phone number and email address
  • Must be 18+ years old and have a regular source of income

    How do payday loans in Utah work?

    Utah Code Ann. 7-23-101 et seq., the Check Cashing Registration Act, governs the operation of all payday lenders in Utah. To provide payday loans to residents of Utah, a lender must register with the Utah Department of Financial Institutions. This rule applies to out-of-state lenders that wish to provide online payday advances in this state and in-state storefronts alike.

    Utah law doesn’t specify the maximum you may borrow, but you are limited to a total loan term of ten weeks. You’ll have to read your loan contract very carefully when determining how much you’ll be required to pay because there is no limit on financing fees, charges or total APR in Utah.

    Direct payday loan lenders in Utah must permit borrowers to make partial payments in increments of $5 at any time before the loan term expires at no additional charge.

    You have the right to cancel a loan before 5 p.m. on the business day following when you received the loan.

    Here are some lenders you can check out when looking to apply

    Check the websites of any providers you’re interested in to confirm they operate in Utah.

    Rates last updated November 20th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    MoneyKey-arranged or MoneyKey Installment Loan
    *Apply for money when you need it and receive your funds in as quickly as one business day.
    $1,000 (unless otherwise stated)
    Varies by state
    1 business day*
    You must be a permanent US resident or citizen, at least 18 years old, and have regular income.
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    $2,500
    Varies by lender
    As soon as next business day
    Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    $4,000
    9 to 36 months
    1 business day
    Open only to residents of AL, CA, DE, GA, KS, ID, IL, MO, MS, NV, NM, OH, SC, TN, TX, UT, VA and WI. Must have direct deposit to demonstrate sufficient monthly income.
    HonestLoans Installment Loans
    Get a flexible installment loan with fast funding through one easy online application form.
    $2,500
    Varies by lender
    As soon as one business day
    Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
    NetCredit Installment Loan
    Build a positive credit history with on-time payments and flexible repayment terms. Check your rate without affecting your credit score.
    $10,000
    Varies upon state
    1-3 business days
    Must be 18+ years old, a legal resident of the US and have a Social Security number. Minimum credit score of 550.
    Blue Trust Loans Installment Loans
    Get an installment loan from an online tribal lender. Perks for returning borrowers.
    $2,000
    6 months
    As soon as next business day
    Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.

    Compare up to 4 providers

    Here’s what you’ll need to apply

    Before you apply, you’ll need to have a regular source of income, be an American citizen or permanent resident and at least 18 years old.

    If you meet those eligibility criteria, you’ll be able to apply most anywhere that lends payday loans. While all applications differ, they will require you to provide personal details about yourself, your bank account and your employment status. This can include your Social Security numbers, information from an ID and your employer’s contact information.

    What are some other short-term options I could consider?

    Baby Your Baby and the Home Energy Assistance Target (HEAT) Program are two assistance programs offered by the state of Utah to help with expenses. There may be others, so do your research before taking out more debt. It’s better to find help through a local program than to find yourself trapped paying for loans you can’t afford.

    You may also want to ask family and friends for help, get a credit card cash advance if you can and seek credit counseling. These are cheaper ways to deal with your financial problems and can help you build better habits to avoid being stuck in debt in the future.

    Our page on payday loan alternatives should help you find other options

    Bottom line

    When you’re stuck trying to afford regular bills and extra debt, a payday loan could be what you need to make it between paychecks. Knowing the laws in Utah and budgeting for the total cost will help you avoid further debt. Keep in mind that these are high-cost forms of credit and you should consider other options before settling on a payday loan.

    Have any more questions about Utah payday loans?

    While Utah law doesn’t specify the number of times you can roll over a payday loan, your loan term can’t extend beyond ten weeks of the loan’s start date.

    Utah law requires a cooling off period of one day between payday loans.

    Yes. Once per 12-month period, you can have a repayment plan of 60 days. Lenders can’t charge you an extra fee for this, and you must pay back the outstanding amount of your loan over four equal installments.

    There is no limit to the amount of payday loans you can have at a single time.

    You should get in touch with the Utah Department of Financial Institutions.

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    US Payday Loans Offers

    Learn about our information service
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.