Smithfield at a glance
- Population: 14,726 people, the 54th-largest place among Utah's 255 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 13,569 (US Census Bureau).
- 2020 to 2023 change: up about 8.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Utah places: 54th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 79% of Utah places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 41.8355, -111.8275.
- Nearest larger cities (120-mile radius): Logan, UT (7 mi); Brigham City, UT (26 mi); North Ogden, UT (37 mi); Ogden, UT (43 mi); West Haven, UT (45 mi) (US Census Bureau).
- Smaller places nearby: Hyde Park, UT (3 mi); Amalga, UT (4 mi); North Logan, UT (4 mi), per US Census Bureau estimates.
What a personal loan costs in Smithfield
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Utah lending rules that apply in Smithfield
Read the table as the compliance picture for a lender serving Smithfield: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Smithfield
These steps are the ones that most affect the offer you receive in Smithfield:
- 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.