Personalloaned Compare rates

UT · city page

Personal loans in Midvale, UT

A personal loan in Midvale is a fixed-term installment product, and the price a lender offers you is driven by your credit profile, income and existing debts. Census data place Midvale's population near 35,561, the 30th-largest among Utah's 255 Census places. The table below carries the Utah rate caps and licensing rules that apply to a personal loan taken out here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Midvale at a glance

  • Population: 35,561 (US Census Bureau, Vintage 2023 subcounty estimate), the 30th-largest of 255 places in Utah.
  • 2020 Census base: the 2020 Census recorded 36,026 residents here (US Census Bureau).
  • 2020 to 2023 change: about 1.3% below the 2020 Census base (US Census Bureau).
  • Rank among Utah places: 30th largest of 255 (US Census Bureau).
  • Size percentile: about 88% of places in Utah are smaller (US Census Bureau).
  • Coordinates: 40.6147 / -111.8928, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Murray, UT (3 mi); Sandy, UT (4 mi); Taylorsville, UT (4 mi); West Jordan, UT (6 mi); Millcreek, UT (6 mi), each a US Census place with its estimated population.
  • Nearest smaller towns: White City metro, UT (4 mi); Cottonwood Heights, UT (4 mi); Holladay, UT (5 mi) — US Census Bureau populations.

What a personal loan costs in Midvale

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Utah lending rules that apply in Midvale

Read the table as the compliance picture for a lender serving Midvale: label, sourced figure, publisher and date.

RuleDetailSource
State lending regulatorUtah 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 statusLegal; 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 licensingConsumer 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 Midvale

Before you commit to a personal loan in Midvale, work through these steps:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Utah using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Midvale?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Midvale are the same as elsewhere in Utah.
How much can I borrow with a personal loan in Midvale?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Midvale require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Midvale hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

Related