Loa at a glance
- Population: 514 people, the 191st-largest place among Utah's 255 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 515 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a loss of about 0.2% since the 2020 count (US Census Bureau).
- Rank among Utah places: 191st-largest of 255 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: ahead of around 25% of Utah places in population terms (US Census Bureau).
- Coordinates: 38.4038 latitude, -111.6451 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Monroe, UT (30 mi); Annabella, UT (31 mi); Central Valley, UT (32 mi); Elsinore, UT (33 mi); Richfield, UT (35 mi) (US Census Bureau populations).
- Nearest smaller towns: Lyman, UT (3 mi); Bicknell, UT (7 mi); Torrey, UT (14 mi) — US Census Bureau populations.
What a personal loan costs in Loa
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Utah lending rules that apply in Loa
The table carries the Utah rate and licensing rules that apply to consumer loans made in Loa.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Loa
The order below is a sensible way to approach a loan in Loa:
- 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.