Paragonah at a glance
- Population: 562 residents, the 187th-largest of 255 places in Utah (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 538 (US Census Bureau).
- 2020 to 2023 change: roughly 4.5% higher than at the 2020 Census (US Census Bureau).
- Rank among Utah places: 187th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 27% of places in Utah rank below it by population (US Census Bureau).
- Coordinates: 37.8854, -112.7711 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Parowan, UT (5 mi); Enoch, UT (17 mi); Panguitch, UT (19 mi); Cedar City, UT (23 mi); Minersville, UT (27 mi) (US Census Bureau).
- Nearest smaller places: Brian Head, UT (14 mi); Hatch, UT (25 mi); Kanarraville, UT (33 mi) (US Census Bureau estimates).
What a personal loan costs in Paragonah
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.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Paragonah
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Paragonah
The steps below are worth completing first when you borrow in Paragonah:
- 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.