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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.

Jora Installment Loans

Jora Installment Loans

Get an installment loan with a quick application and fast turnaround time.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Loan Term: 4–30 months, varies by state
  • Turnaround Time: As soon as 1–2 days
  • Must have an active checking account, regular source of income and email address.

    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 October 17th, 2018
    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 Max. Loan Amount Turnaround Time Requirements
    Citi Personal Loan Plus
    You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.96% p.a. to 18.91% p.a. comparison rate) based on your risk profile
    A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.
    $75,000
    Pepper Money Unsecured Fixed Rate Personal Loan
    You'll receive a fixed rate between 9.99% p.a. and 27.99% p.a. based on your risk profile
    A loan from $50,000 to use for a range of purposes. Benefit from no monthly or application fees.
    $50,000
    Westpac Unsecured Personal Loan
    You'll receive a fixed rate of 12.99% p.a.
    Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts.
    $50,000
    NOW FINANCE Personal Loans
    You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
    Apply for loans from $5,000 and get a dedicated loan manager. No security required. Note: Get your loan approved and settled before 31 October 2018 and receive a $200 Coles gift card.
    $40,000
    RACQ Bank Unsecured Personal Loan
    You'll receive a variable rate of 12.95% p.a.
    A low minimum borrowing amount of $3,000 that you can use for a range of purposes. Benefit from member discounts and flexible repayments. Only available to QLD residents
    $60,000
    MoneyPlace Unsecured Personal Loan
    You'll receive a fixed rate between 7.65% p.a. and 20.99% p.a. based on your risk profile
    A no-frills personal loan that you can use for any purpose. Loan amounts available up to $45,000 and early repayments allowed.
    $45,000
    St.George Get Set Loan Personal Loan
    You'll receive a variable rate of 17.00% p.a.
    A line of credit up to $50,000 that offers no set repayment terms. Benefit from flexibility and 24/7 access to your funds.
    $50,000
    Westpac Flexi Loan
    You'll receive a variable rate of 14.99% p.a.
    A convenient line of credit with limits from $4,000 that you can access 24/7.
    $50,000
    Citi Ready Credit
    Introductory variable rate of 5.9% p.a. applies for 3 years.
    Get an introductory rate of 5.9% p.a. on your initial balance for 3 years. Standard rate applies after this period.
    $75,000
    St.George Unsecured Personal Loan - Variable Rate
    You'll receive a variable rate between 12.99% p.a. and 19.99% p.a. based on your risk profile
    A low minimum borrowing amount of $2,000 plus the convenience to make extra repayments and redraw them if you need them.
    $40,000
    St.George Unsecured Personal Loan - Fixed Rate
    You'll receive a fixed rate between 12.99% p.a. and 19.99% p.a. based on your risk profile
    A low minimum borrowing amount of $2,000 to fund a range of purposes.
    $40,000

    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?

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    US Payday Loans Offers

    Important Information*
    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.

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