Personal loans in Salt Lake City, UT
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Salt Lake City, UT.
The median household in Salt Lake City earns $75,090 a year, 21% below the Utah median of $95,166. About 14% of residents live below the federal poverty line, and 54.2% of households rent their home.
Utah law that applies in Salt Lake City
| Rate cap | The parties to a consumer credit agreement may contract for any finance charge and other charges and fees, except where another provision of Title 70C restricts it. |
|---|---|
| License required | Not a license as such: a creditor subject to the Consumer Credit Code must file a notification with DFI at least 30 days before starting business in Utah, renew it by December 31 each year, and show it is registered with NMLS. |
Full rules with statute citations: Personal Loans in Utah. Cities in Utah cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Salt Lake City
Here's what to have on hand before you start your personal loan request in Salt Lake City:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Salt Lake City
What Salt Lake City borrowers use it for
handle the unexpected the same week
Medical billspay a doctor, dentist or pharmacy bill now
Need money nowthe fastest options online
Rent duecover a short gap before payday
Loans for your situation
How to get a personal loan in Salt Lake City
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Salt Lake City
98 FDIC-insured bank branches from 35 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Zions Bancorporation, N.A. | 13 | 1 S Main St, Salt Lake City 84133 |
| Wells Fargo Bank, National Association | 12 | 299 S Main St, Salt Lake City 84111 |
| U.S. Bank National Association | 10 | 170 S Main St, Salt Lake City 84101 |
| JPMorgan Chase Bank, National Association | 9 | 1295 S Redwood Rd, Salt Lake City 84104 |
| KeyBank National Association | 8 | 2299 S Highland Dr, Salt Lake City 84106 |
| Brighton Bank | 5 | 1420 S 300 W, Salt Lake City 84115 |
| Bank of America, National Association | 5 | 1868 S 300 W, Salt Lake City 84115 |
| WaFd Bank | 4 | 405 S Main St, Salt Lake City 84111 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Salt Lake City
75 credit-union locations from 44 credit unions.
| Credit union | Location |
|---|---|
| Mountain America | 1715 W 700 N, Salt Lake City 84116 |
| Goldenwest | 769 E South Temple, Salt Lake City 84102 |
| Cyprus | 5750 S Redwood Rd, Salt Lake City 84123 |
| Canyon View | 270 S 1500 E, Salt Lake City 84112 |
| Deseret First | 50 E South Temple, Salt Lake City 84111 |
| Granite | 3675 S 900 E, Salt Lake City 84106 |
| American United | 500 Foothill Dr, Salt Lake City 84148 |
| U.P.S. Employees | 4897 W Lake Park Blvd Ste 200, Salt Lake City 84120 |
| Butte Community | 4897 W Lake Park Blvd Ste 200, Salt Lake City 84120 |
| Highway | 4897 W Lake Park Blvd Ste 300, Salt Lake City 84120 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Salt Lake County · Payday Loans in Salt Lake City · Title Loans in Salt Lake City
Frequently asked questions
Can I get a personal loan with bad credit in Salt Lake City?
Possibly. Lenders in our network consider applicants with fair and bad credit across Utah, including Salt Lake City. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Salt Lake City, UT?
No rate cap: parties may agree to any finance charge; lenders must notify DFI.
How fast can I get a personal loan in Salt Lake City?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Salt Lake City borrowers who qualify.
How long does it take to get a personal loan in Salt Lake City?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Salt Lake City.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Salt Lake City residents can see their options in about 3 minutes.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Salt Lake City with our free 3-minute form.
Do I need to visit a store in Salt Lake City?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.