Lyman at a glance
- Population: a Census-estimated 214, placing it 238th among Utah's 255 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 199 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up about 7.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Utah places: 238th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 7% of Utah's Census places are smaller (US Census Bureau).
- Coordinates: latitude 38.3966, longitude -111.5893 (US Census Bureau Gazetteer).
- Nearest larger cities: Loa, UT (3 mi); Bicknell, UT (5 mi); Torrey, UT (11 mi); Koosharem, UT (18 mi); Monroe, UT (33 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Antimony, UT (29 mi); Kingston, UT (35 mi); Hanksville, UT (47 mi) (Census populations).
What a personal loan costs in Lyman
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Utah lending rules that apply in Lyman
Read the table as the compliance picture for a lender serving Lyman: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lyman
A few practical steps will make the process in Lyman less costly:
- 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.