Mount Pleasant at a glance
- Population: 3,871 (US Census Bureau, Vintage 2023 subcounty estimate), the 100th-largest of 255 places in Utah.
- 2020 Census base: the 2020 count put the population at 3,654 (US Census Bureau).
- 2020 to 2023 change: about 5.9% more residents than the 2020 Census base (US Census Bureau).
- Rank among Utah places: 100th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 61% of Utah's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 39.5407, -111.4559 in the US Census Bureau Gazetteer.
- Nearest larger cities: Ephraim, UT (14 mi); Nephi, UT (23 mi); Elk Ridge, UT (35 mi); Santaquin, UT (35 mi); Price, UT (35 mi); US Census Bureau population estimates.
- Nearest smaller towns: Spring City, UT (5 mi); Fairview, UT (6 mi); Moroni, UT (7 mi) (US Census Bureau).
What a personal loan costs in Mount Pleasant
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Utah lending rules that apply in Mount Pleasant
Read the table as the compliance picture for a lender serving Mount Pleasant: label, sourced figure, publisher and date.
| 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 Mount Pleasant
The steps below are worth completing first when you borrow in Mount Pleasant:
- 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.