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Personal loans in Lake Point, UT

In Lake Point, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. With roughly 2,635 people, Lake Point ranks 111th of 255 Census places in Utah. The sourced table below shows the Utah rate caps and licensing requirements that reach every loan made here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Lake Point at a glance

  • Population: 2,635 (US Census Bureau, Vintage 2023 subcounty estimate), the 111th-largest of 255 places in Utah.
  • 2020 Census base: the 2020 Census recorded 2,308 residents here (US Census Bureau).
  • 2020 to 2023 change: roughly 14.2% higher than at the 2020 Census (US Census Bureau).
  • Rank among Utah places: 111th of 255 by population (US Census Bureau, Vintage 2023).
  • Size percentile: it exceeds roughly 56% of Utah's Census places by population (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 40.6834, -112.2656.
  • Nearest larger cities: Erda, UT (5 mi); Magna metro, UT (7 mi); Tooele, UT (10 mi); Grantsville, UT (12 mi); West Valley City, UT (13 mi); each population is a US Census Bureau estimate.
  • Nearest smaller towns: Copperton metro, UT (12 mi); Stockton, UT (17 mi); Rush Valley, UT (24 mi) (US Census Bureau).

What a personal loan costs in Lake Point

A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.

APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.

Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.

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 Lake Point

The table lists the Utah rules that apply to a loan made in Lake Point, each with the regulator that published it.

RuleDetailSource
Small-loan / installment lender licensingConsumer 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 regulatorUtah 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 statusLegal; 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 Lake Point

The order below is a sensible way to approach a loan in Lake Point:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Utah using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Lake Point?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Lake Point are the same as elsewhere in Utah.
How much can I borrow with a personal loan in Lake Point?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Lake Point require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Lake Point hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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