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Personal loans in Smithfield, UT

A personal loan in Smithfield is repaid in equal monthly installments over a fixed term, with the rate set from your credit history, income and debts. At about 14,726 residents, Smithfield is the 54th-largest of the 255 Census places in Utah. The rate caps and licensing requirements that apply to a lender in Utah are set out in the sourced table below.

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

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.

Smithfield at a glance

  • Population: 14,726 people, the 54th-largest place among Utah's 255 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 13,569 (US Census Bureau).
  • 2020 to 2023 change: up about 8.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Utah places: 54th of 255 by population (US Census Bureau, Vintage 2023).
  • Size percentile: ahead of around 79% of Utah places in population terms (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 41.8355, -111.8275.
  • Nearest larger cities (120-mile radius): Logan, UT (7 mi); Brigham City, UT (26 mi); North Ogden, UT (37 mi); Ogden, UT (43 mi); West Haven, UT (45 mi) (US Census Bureau).
  • Smaller places nearby: Hyde Park, UT (3 mi); Amalga, UT (4 mi); North Logan, UT (4 mi), per US Census Bureau estimates.

What a personal loan costs in Smithfield

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.

The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.

Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.

Utah lending rules that apply in Smithfield

Read the table as the compliance picture for a lender serving Smithfield: label, sourced figure, publisher and 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 Smithfield

These steps are the ones that most affect the offer you receive in Smithfield:

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

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