Murray at a glance
- Population: roughly 49,553 people; 19th of 255 places in Utah (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 50,634 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 2.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Utah places: 19th largest of 255 (US Census Bureau).
- Size percentile: it is larger than about 93% of the places in Utah (US Census Bureau).
- Coordinates: 40.6507, -111.8866 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Taylorsville, UT (3 mi); Millcreek, UT (4 mi); Sandy, UT (6 mi); West Jordan, UT (7 mi); West Valley City, UT (7 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Midvale, UT (3 mi); Holladay, UT (3 mi); South Salt Lake, UT (4 mi) (US Census Bureau).
What a personal loan costs in Murray
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Murray
The table lists the Utah rules that apply to a loan made in Murray, each with the regulator that published it.
| 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 Murray
The order below is a sensible way to approach a loan in Murray:
- 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.