Personalloaned Compare rates

UT · city page

Personal loans in Milford, UT

For residents of Milford, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. Milford is home to about 1,412 people and ranks 141st among the 255 Census places in Utah. Utah law sets the rate ceilings and the licensing a lender must hold, and the table below lists each sourced figure.

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

Compare rates Run the numbers first

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Milford at a glance

  • Population: the Census estimates 1,412 residents, ranking 141st of 255 places in Utah (Vintage 2023).
  • 2020 Census base: 1,426 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: down roughly 1.0% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Utah places: 141st largest of 255 (US Census Bureau).
  • Size percentile: roughly 45% of Utah's places have fewer residents (US Census Bureau).
  • Coordinates: 38.3945, -113.0123 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Beaver, UT (22 mi); Parowan, UT (40 mi); Enoch, UT (43 mi); Cedar City, UT (49 mi); Panguitch, UT (50 mi) — straight-line distances, US Census Bureau populations.
  • Smaller places close by: Minersville, UT (10 mi); Paragonah, UT (38 mi); Marysvale, UT (41 mi) (US Census Bureau).

What a personal loan costs in Milford

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

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.

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 Milford

The Utah rate caps and licensing rules that reach Milford are listed below, each with its source and retrieval date.

RuleDetailSource
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
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

How to compare offers in Milford

Run through this list before signing anything in Milford:

  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 Milford?
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 Milford are the same as elsewhere in Utah.
How much can I borrow with a personal loan in Milford?
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 Milford 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 Milford 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

Related