Farmington at a glance
- Population: the Census estimates 25,771 residents, ranking 39th of 255 places in Utah (Vintage 2023).
- 2020 Census base: 24,534 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: an increase of about 5.0% since the 2020 count (US Census Bureau).
- Rank among Utah places: 39th in population of 255 places (US Census Bureau).
- Size percentile: it is larger than about 85% of the places in Utah (US Census Bureau).
- Coordinates: 40.9847 / -111.9063, per the US Census Bureau Gazetteer.
- Nearest larger cities: Kaysville, UT (4 mi); Layton, UT (7 mi); Bountiful, UT (8 mi); Clearfield, UT (10 mi); Syracuse, UT (11 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Fruit Heights, UT (3 mi); Centerville, UT (4 mi); West Bountiful, UT (6 mi) (Census populations).
What a personal loan costs in Farmington
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Utah lending rules that apply in Farmington
Read the table as the compliance picture for a lender serving Farmington: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | No general cap — parties may agree to any rate; 10% per annum legal rate if no rate is specified (Utah Code § 15-1-1) Source says: The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract | Utah State Legislature as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit lenders must register with the Utah DFI (Utah Code Title 7, ch. 23) Source says: It is unlawful for a person to engage in the business of cashing checks or the business of deferred deposit lending in Utah | Utah State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lenders under the Utah Consumer Credit Code (Title 70C) must file a Consumer Credit Notification via NMLS Source says: Entities subject to the UCCC's notification requirement must file a Consumer Credit Notification (CCN) through the Nationwide Multistate Licensing System (NMLS). | Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
| State lending regulator | Utah Department of Financial Institutions (DFI) Source says: The Department of Financial Institutions regulates 19 banks, 22 credit unions, 17 industrial banks and 1 trust company. | Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
How to compare offers in Farmington
A few practical steps will make the process in Farmington less costly:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Utah using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.