Providence at a glance
- Population: 9,267 (US Census Bureau, Vintage 2023 subcounty estimate), the 70th-largest of 255 places in Utah.
- 2020 Census base: 8,218 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up roughly 12.8% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Utah places: 70th in population of 255 places (US Census Bureau).
- Size percentile: it exceeds roughly 73% of Utah's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 41.7035, -111.8134.
- Nearest larger cities: Logan, UT (3 mi); North Logan, UT (5 mi); Hyrum, UT (5 mi); Smithfield, UT (9 mi); Brigham City, UT (18 mi); US Census Bureau population estimates.
- Nearest smaller places: River Heights, UT (1 mi); Millville, UT (1 mi); Nibley, UT (3 mi) (US Census Bureau estimates).
What a personal loan costs in Providence
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Utah lending rules that apply in Providence
The sourced rows below are the rules a licensed lender must follow when lending in Utah, and therefore in Providence.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Providence
The steps below are worth completing first when you borrow in Providence:
- 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.