Richmond at a glance
- Population: the Census estimates 3,032 residents, ranking 107th of 255 places in Utah (Vintage 2023).
- 2020 Census base: 2,916 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population rose about 4.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Utah places: 107th-largest of 255 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 58% of the places in Utah (US Census Bureau).
- Coordinates: latitude 41.9231, longitude -111.8078 (US Census Bureau Gazetteer).
- Nearest larger cities: Smithfield, UT (6 mi); Hyde Park, UT (8 mi); North Logan, UT (10 mi); Preston, ID (13 mi); Logan, UT (13 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Lewiston, UT (5 mi); Franklin, ID (6 mi); Amalga, UT (7 mi), each a US Census place.
What a personal loan costs in Richmond
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Utah lending rules that apply in Richmond
The table lists the Utah rules that apply to a loan made in Richmond, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Richmond
Before you commit to a personal loan in Richmond, 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.