Redmond at a glance
- Population: roughly 803 people; 172nd of 255 places in Utah (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 765 residents here (US Census Bureau).
- 2020 to 2023 change: up about 5.0% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Utah places: the 172nd-largest of 255 (US Census Bureau, 2023 estimate).
- Size percentile: about 33% of Utah's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 39.0053, -111.8672 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Salina, UT (5 mi); Aurora, UT (7 mi); Centerfield, UT (9 mi); Gunnison, UT (11 mi); Richfield, UT (21 mi) (US Census Bureau populations).
- Nearest smaller communities: Sigurd, UT (11 mi); Mayfield, UT (12 mi); Fayette, UT (15 mi), each a US Census place.
What a personal loan costs in Redmond
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Utah lending rules that apply in Redmond
The table lists the Utah rules that apply to a loan made in Redmond, each with the regulator that published it.
| 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 Redmond
These steps are the ones that most affect the offer you receive in Redmond:
- 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.