Sterling at a glance
- Population: roughly 295 people; 222nd of 255 places in Utah (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 275 residents here (US Census Bureau).
- 2020 to 2023 change: about 7.3% more residents than the 2020 Census base (US Census Bureau).
- Rank among Utah places: 222nd largest of 255 (US Census Bureau).
- Size percentile: it is larger than about 13% of the places in Utah (US Census Bureau).
- Coordinates: 39.1933, -111.6904 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Mayfield, UT (5 mi); Manti, UT (6 mi); Gunnison, UT (7 mi); Centerfield, UT (8 mi); Ephraim, UT (13 mi) (US Census Bureau).
- Nearest smaller towns: Fayette, UT (9 mi); Clawson, UT (32 mi); Leamington, UT (39 mi) (US Census Bureau).
What a personal loan costs in Sterling
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Utah lending rules that apply in Sterling
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Sterling
The steps below are worth completing first when you borrow in Sterling:
- 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.