Spring City at a glance
- Population: 1,007 (US Census Bureau, Vintage 2023 subcounty estimate), the 156th-largest of 255 places in Utah.
- 2020 Census base: the 2020 count put the population at 945 (US Census Bureau).
- 2020 to 2023 change: about 6.6% growth over the 2020 Census base (US Census Bureau).
- Rank among Utah places: 156th out of 255 Census places (US Census Bureau).
- Size percentile: ahead of around 39% of Utah places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 39.4799, -111.4918.
- Nearest larger cities within 120 miles: Mount Pleasant, UT (5 mi); Moroni, UT (6 mi); Ephraim, UT (10 mi); Fairview, UT (11 mi); Fountain Green, UT (13 mi) (US Census Bureau).
- Smaller towns nearby: Wales, UT (8 mi); Levan, UT (20 mi); Sterling, UT (22 mi) (US Census Bureau).
What a personal loan costs in Spring City
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Utah lending rules that apply in Spring City
The table carries the Utah rate and licensing rules that apply to consumer loans made in Spring City.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Spring City
These steps are the ones that most affect the offer you receive in Spring City:
- 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.