Midvale at a glance
- Population: 35,561 (US Census Bureau, Vintage 2023 subcounty estimate), the 30th-largest of 255 places in Utah.
- 2020 Census base: the 2020 Census recorded 36,026 residents here (US Census Bureau).
- 2020 to 2023 change: about 1.3% below the 2020 Census base (US Census Bureau).
- Rank among Utah places: 30th largest of 255 (US Census Bureau).
- Size percentile: about 88% of places in Utah are smaller (US Census Bureau).
- Coordinates: 40.6147 / -111.8928, per the US Census Bureau Gazetteer.
- Nearest larger cities: Murray, UT (3 mi); Sandy, UT (4 mi); Taylorsville, UT (4 mi); West Jordan, UT (6 mi); Millcreek, UT (6 mi), each a US Census place with its estimated population.
- Nearest smaller towns: White City metro, UT (4 mi); Cottonwood Heights, UT (4 mi); Holladay, UT (5 mi) — US Census Bureau populations.
What a personal loan costs in Midvale
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Utah lending rules that apply in Midvale
Read the table as the compliance picture for a lender serving Midvale: 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 Midvale
Before you commit to a personal loan in Midvale, work through these steps:
- 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.