Ferron at a glance
- Population: roughly 1,519 people; 138th of 255 places in Utah (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,478 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.8% more residents than the 2020 Census base (US Census Bureau).
- Rank among Utah places: 138th-largest of 255 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 46% of the Census places in Utah (US Census Bureau).
- Coordinates: latitude 39.0916, longitude -111.1336 (US Census Bureau Gazetteer).
- Nearest larger cities: Castle Dale, UT (11 mi); Huntington, UT (19 mi); Manti, UT (29 mi); Ephraim, UT (30 mi); Mount Pleasant, UT (35 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Clawson, UT (3 mi); Orangeville, UT (10 mi); Emery, UT (13 mi) (Census populations).
What a personal loan costs in Ferron
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Utah lending rules that apply in Ferron
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Ferron
Run through this list before signing anything in Ferron:
- 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.