Paradise at a glance
- Population: about 1,028 residents, ranking 154th of 255 Census places in Utah (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 971 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up roughly 5.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Utah places: 154th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 40% of Utah's places have fewer residents (US Census Bureau).
- Coordinates: 41.5682, -111.8333 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Hyrum, UT (5 mi); Wellsville, UT (7 mi); Mantua, UT (7 mi); Nibley, UT (7 mi); Millville, UT (8 mi) (US Census Bureau populations).
- Nearest smaller towns: Corinne, UT (15 mi); Bear River City, UT (15 mi); Deweyville, UT (16 mi) — US Census Bureau populations.
What a personal loan costs in Paradise
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 is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Utah lending rules that apply in Paradise
Read the table as the compliance picture for a lender serving Paradise: 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 Paradise
The steps below are worth completing first when you borrow in Paradise:
- 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.