Utah Payday Loans
If you’re short on cash and looking to borrow a small amount of money, you may be considering a payday loan. Payday loans have specific rules when it comes to how long you can borrow. Our guide helps you learn the ins and outs of payday lending in Utah.
How do Payday Loans in Utah work?
Utah Code Ann. 7-23-101 et seq., the Check Cashing Registration Act, governs the operation of all payday lenders in Utah. To provide payday loans to residents of Utah, a lender must register with the Utah Department of Financial Institutions. This rule applies to out-of-state lenders that wish to provide online payday advances in this state and in-state storefronts alike.
Utah law doesn’t specify the maximum you may borrow, but you are limited to a total loan term of ten weeks. You’ll have to read your loan contract very carefully when determining how much you’ll be required to pay because there is no limit on financing fees, charges or total APR in Utah.
How do I qualify for a loan?
When applying for a short term loan online, most lenders have similar eligibility requirements. To qualify for most loans in Utah, you must:
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Live and be a resident of Utah
- Have an active bank account
- Be employed or have a regular source of income
- Have a valid contact number and an active email address
I don’t live in Utah, can I still apply for a loan?
You need to be a resident of Utah to be eligible for a Utah Payday Loan. Whether you live in Salt Lake City, Provo, or in a remote part of the state – we make applying for online payday loans in Utah fast and secure.
If you live in another state, please check our lending states page to see if other online loans are available in the state that you currently live in.