5.99 - 21.49 %
APR
2 - 6 years
Loan Term
Check rates
On partner's site

Best Personal Loans in Utah

We have found 116 personal loans in Utah. Compare and choose the best loan for your purpose.

By Myfin Team
Updated June 20, 2024
Showing 116 personal loans
APR
5.99 - 21.49 %
with Autopay
Term
2 - 6years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Low rates
    • No fees
    • Fast approval and funding
    • Rate discount for autopay
    • Digital experience
  • Cons:
    • Minimum loan amount is a bit high
    • Requires a long credit history

LightStream is the online lending division of Truist (formerly SunTrust Bank).

The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason.

LightStream charges no fees on its personal loans. Plus, it offers to send you $100 if you’re unsatisfied with the loan process.

See LightStream full product review
Check rates
On partner's site
APR
6.99 - 24.99 %
with Autopay
Term
3 - 6years
Loan amount
$3,500 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    5 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No fees
    • Autopay discount
  • Cons:
    • Long time to receive funds
    • No Cosigner Option

Marcus offers unsecured personal loans up to $40,000 with rates from 6.99% to 24.99%.

Marcus does not charge origination, late payment and check processing fees.

See Marcus by Goldman Sachs full product review
Check rates
On partner's site
APR
5.6 - 35.99 %
Term
3 - 5years
Loan amount
$1,000 - $50,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    10%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment penalty
    • Next day funding
  • Cons:
    • Origination Fee
    • Extra Fees

Upstart loans range from $1,000 to $50,000. Not all applicants will qualify for the full amount.

The minimum loan amount: $7,000 (MA), $6,000 (Ohio), $5,100 (NM), $3,100 (GA), $2,100 (HI).

Borrowers need credit scores of 580 or higher.

Upstart offers fixed-rate APRs that vary from 5.60% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 0% to 8%.

See Upstart full product review
Check rates
On partner's site
APR
8.99 - 29.99 %
Term
2 - 5years
Loan amount
$5,000 - $40,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    5%
  • Funds available in:
    3-6 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment or late fees
    • Free monthly FICO score updates
  • Cons:
    • Co-signers are not accepted
    • Origination Fee
    • Slow funding
    • Not available in all states

The Payoff Loan™ is an unsecured personal loan designed to consolidate your credit cards into one monthly payment. Payoff requires a minimum FICO credit score of 640 or higher. It provides loans of up to $40,000.

The Payoff platform provides loans with rates between 8.99% and 29.99% APR. Minimum loan amount and APR may vary in certain states.

See Payoff® full product review
Check rates
On partner's site
APR
8.3 - 36 %
Term
3 - 5years
Loan amount
$1,000 - $40,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    3 - 6%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Quick, easy online application
    • Fast funding
  • Cons:
    • Origination fee

LendingClub offers loans of $1,000 to $40,000.

The APR range is from 8.30% to 36.00%. Loan terms are available for 3 or 5 years.

LendingClub charges an origination fee of 3% to 6% on personal loans.

See LendingClub full product review
Check rates
On partner's site
APR
7.99 - 23.43 %
with Autopay
Term
2 - 7years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Rate discount for autopay
    • No Fees
  • Cons:
    • Not available to residents of Mississippi
    • No secured loan option

SoFi loans range between $5,000 to $100,000.

The APR range is from 7.99% to 23.43% (with discounts). Loan terms are available for 2 or 7 years.

The loan is not available in Mississippi.

SoFi personal loans have no fees: no origination fees, no late fees, no prepayment penalties.

See SoFi full product review
Check rates
On partner's site
APR
9.95 - 35.95 %
Term
1 - 5years
Loan amount
$2,000 - $35,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    4.75%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Low minimum credit score requirements
    • No prepayment fees
  • Cons:
    • Fees
    • No Autopay discount
    • No Cosigner Option

Avant offers unsecured loans of $2,000 to $35,000. Rates range from 9.95% to 35.95%.

Avant charges an origination fee up to 4.75%.

Avant personal loans are not available in Colorado, Iowa, West Virginia, New York, Vermont, Hawaii, and Nevada.

See Avant full product review
Check rates
On partner's site
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Origination fee:
    2.41 - 5%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Simple application process
  • Cons:
    • Origination fee
    • Extra Fees
    • No Autopay Discount
    • Not available in all states

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

See Prosper full product review
Check rates
On partner's site
APR
7.99 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $50,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    0.99 - 8.99%
  • Funds available in:
    1-3 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval
    • Low fixed rates
    • Fast funding
  • Cons:
    • Fee charged

Best Egg is a national online lending platform offering personal loans starting at $2,000 for a variety of purposes.

Best Egg’s personal loans are ideal for consolidating debt or funding major expenses. Borrowers cannot use loans toward securities or postsecondary educational expenses.

There are no prepayment penalties, so you can pay off the loan ahead of schedule without extra fees.

Best Egg origination fees vary from 0.99% to 8.99%.

The quote you receive is based on multiple factors, including: Credit score and history, Income, Debt obligations, Loan amount, Repayment term (36 vs. 60 months).

See Best Egg full product review
Check rates
On partner's site
APR
18 - 35.99 %
Term
2 - 5years
Loan amount
$1,500 - $20,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    $25 - $500
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Secured and unsecured options
    • Poor-credit applicants considered
  • Cons:
    • Origination fee
    • Extra Fees
    • High Rates

OneMain Financial offers loans that range from $1,500 to $20,000. The annual percentage rate ranges from 18.00% to 35.99%.

You may be approved for an unsecured or a secured loan. A secured loan requires you to provide collateral, such as a motor vehicle, while an unsecured loan doesn’t require any collateral at all.

OneMain charges late payment fees. These fees may range from a flat amount of $5 to $30 per late payment, or they may be a percentage of your entire monthly payment amount or a percentage of the delinquent portion of your monthly payment amount, ranging from 1.5% to 15%.

The lender charges an origination fee. Flat fees vary by state and range from $25 to $500. Percentage fees range from 1% to 10% of the loan.

See OneMain Financial full product review
Check rates
On partner's site
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
Search for best loan
Showing 116 personal loans
Amount
$
Credit Score
City, state or Zip
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming
Loan Purpose
  • Personal Loan
  • Home Improvement Loan
  • Medical (Dental) Loan
  • Debt Consolidation Loan
  • Major Purchase
  • Refinance Credit Card
  • Moving Expenses (Relocation)
  • Travel
  • Other

TOP 5 banks offering personal loans in Utah

Showing 5 banks
Sort by: Branches
Branches 90 bank branches
Total Assets (US$M)87,783,903
American Fork Branch
606 East State Road, American Fork, UT, 84003
Daybreak Office Branch
4753 West Daybreak Parkway, South Jordan, UT, 84095
South Jordan Parkway Branch
1622 West South Jordan Parkway, South Jordan, UT, 84095
Show all departments
Branches 78 bank branches
Total Assets (US$M)1,712,535,000
Meadows
797 W State Rd, American Fork, UT, 84003
Thursday: 9:00 AM - 5:00 PM
Daybreak
5474 W Daybreak Pkwy, South Jordan, UT, 84009
Thursday: 9:00 AM - 5:00 PM
Bountiful Five Points
280 W 1500 S, Bountiful, UT, 84010
Thursday: 9:00 AM - 5:00 PM
Show all departments
Branches 50 bank branches
Total Assets (US$M)582,252,757
Bangerter Highway Walmart Branch
3590 W South Jordan Pkwy, South Jordan, UT, 84095-8916
South Jordan Smith's Branch
1634 W South Jordan Pkwy, South Jordan, UT, 84095-4562
Thursday: 10:00 AM - 6:00 PM
Bountiful Branch
278 S 500 W, Bountiful, UT, 84010-8731
Thursday: 9:30 AM - 5:00 PM
Show all departments
Branches 45 bank branches
Total Assets (US$M)3,380,824,000
South Jordan The District
11423 S Pkwy Plaza Dr, South Jordan, UT, 84095
Thursday: 9:00 AM - 5:00 PM
Bountiful
510 S 200 W, Bountiful, UT, 84010
Thursday: 9:00 AM - 5:00 PM
Draper Crossing
252 E 12300 S, Draper, UT, 84020
Thursday: 9:00 AM - 5:00 PM
Show all departments
Branches 29 bank branches
Total Assets (US$M)184,673,175
Daybreak Branch
11422 S District Drive, South Jordan, UT, 84095
Bountiful Branch
562 South Main Street, Bountiful, UT, 84010
Sandy Branch
11433 South State Street, Draper, UT, 84020
Show all departments

How to choose the best personal loan in Utah?

When searching for a personal loan in Utah, it's crucial to select one that aligns with your financial requirements. Utilizing a personal loan wisely can offer financial flexibility and contribute to your overall financial well-being.

Here are some key factors to take into account when making your choice:

  1. Annual Percentage Rate (APR). The APR is a critical factor to weigh when deciding on a loan. It represents the total cost of the loan, including interest and fees, expressed as a percentage of the loan amount. A lower APR translates to lower interest payments over the loan's duration.
  2. Loan Amount. The sum of money you require will dictate the size of the loan needed. In Utah, personal loans are available in amounts ranging from $100 to $500,000.
  3. Monthly Payments. Ensure that the monthly payments are manageable within your budget, allowing you to fulfill your other financial obligations.
  4. Credit Requirements. While most lenders prefer borrowers with good to excellent credit scores, there are some who may approve applicants with poor or fair credit.
  5. Collateral. Personal loans are typically unsecured, meaning they don't necessitate collateral. Nevertheless, certain lenders may request collateral, such as a vehicle or a property, potentially resulting in a lower interest rate.
  6. Origination Fees. Most lenders impose origination fees, which are calculated as a percentage of the loan amount. These fees can vary between lenders, so it's essential to compare them before making your loan selection.

Once you've taken these factors into consideration, you can begin comparing personal loans offered by different lenders.

Comparing and selecting the best personal loan in Utah

The table below provides key loan characteristics to help you compare different loans:

LenderAPRLoan AmountLoan termOrigination FeeScore RequiredApply
LightStream
6.49 - 21.99%$5,000 - $100,0002 - 6 yearsNo origination fee.From Fair (580-669) to Fair (580-669)Check rates
On partner's site
Marcus by Goldman Sachs
7.24 - 25.24%$3,500 - $40,0003 - 6 yearsNo origination fee.From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Upstart
5.6 - 35.99%$1,000 - $50,0003 - 5 years10%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Payoff®
8.99 - 29.99%$5,000 - $40,0002 - 5 years5%From Good (670-739) to Excellent (740-799)Check rates
On partner's site
LendingClub
8.3 - 36%$1,000 - $40,0003 - 5 years3 - 6%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
SoFi
8.24 - 23.68%$5,000 - $100,0002 - 7 yearsNo origination fee.From Good (670-739) to Excellent (740-799)Check rates
On partner's site
Avant
9.95 - 35.95%$2,000 - $35,0001 - 5 years4.75%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Prosper
7.95 - 35.99%$2,000 - $40,0003 - 5 years2.41 - 5%From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Best Egg
7.99 - 35.99%$2,000 - $50,0003 - 5 years0.99 - 8.99%From Good (670-739) to Good (670-739)Check rates
On partner's site
OneMain Financial
18 - 35.99%$1,500 - $20,0002 - 5 years$25 - $500From Poor (300-579) to Excellent (740-799)Check rates
On partner's site

5 simple tips for increasing personal loan approval odds in Utah

  • Prepare your credit profile. The most effective way to boost your chances of securing approval for a personal loan is by enhancing your credit score. While the minimum credit score requirement in Utah can be as low as «poor» (300 - 579), having a higher score significantly increases your likelihood of being approved for a loan with a more favorable interest rate.
  • Augment your income. Lenders take your debt-to-income ratio into account during the evaluation process. Increasing your income can improve your prospects. Consider negotiating for a salary increase at your current job or taking on a part-time position to supplement your earnings.
  • Steer clear of accumulating additional debt. Lenders also scrutinize your debt-to-income ratio when reviewing your loan application. If you carry a substantial amount of debt, your chances of approval for a personal loan may diminish.
  • Be realistic about your loan amount requirements. Requesting a smaller loan amount can enhance your approval prospects, as it presents less risk to lenders. Determine the exact sum you need and apply for the minimum loan amount offered by lenders in Utah.
  • Contemplate Joint Applicants. Collaborating with a joint applicant allows lenders to assess both your credit scores and income sources. Alternatively, you can seek a co-signer who commits to repaying the loan if you default. It's imperative to have confidence in the joint applicant or co-signer, as your financial situations will be interconnected.

Conclusion

To sum it up, careful preparation can significantly enhance your prospects of securing a personal loan. By adhering to these steps, you can boost your chances of approval and obtain a loan that suits your needs effectively.

FAQ

What is the highest interest rate on a personal loan in Utah?

The highest interest rate on personal loan in Utah is 36%.

What is the biggest loan amount in Utah?

The biggest personal loan amount in Utah is $500,000.

What credit score do I need to have to get a personal loan in Utah?

To get approved for a personal loan in Utah you need to have at least a Poor (300-579) credit score.
Myfin TeamMyfin Team

Author, editor

content@myfin.us

Loans in other cities in Utah