South Salt Lake at a glance
- Population: the Census estimates 26,122 residents, ranking 38th of 255 places in Utah (Vintage 2023).
- 2020 Census base: 26,768 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 2.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Utah places: 38th in population of 255 places (US Census Bureau).
- Size percentile: roughly 85% of Utah's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 40.7056, -111.8986 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Millcreek, UT (4 mi); Murray, UT (4 mi); Taylorsville, UT (4 mi); Holladay, UT (5 mi); Salt Lake City, UT (5 mi) (US Census Bureau).
- Smaller towns nearby: White City metro, UT (10 mi); North Salt Lake, UT (10 mi); Emigration Canyon metro, UT (10 mi) (US Census Bureau).
What a personal loan costs in South Salt Lake
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.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Utah lending rules that apply in South Salt Lake
The table lists the Utah rules that apply to a loan made in South Salt Lake, 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 South Salt Lake
A few practical steps will make the process in South Salt Lake less costly:
- 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.