Salt Lake City, Utah Best Personal Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current personal loan options available to borrowers in Salt Lake City, Utah include: Utah Power Credit UnionUtah Power Credit Union1407 W North Temple Ste 120C, Salt Lake City, UT, 84116A+5.0 ★Texas Ratio: 1.19% offering Personal Loan at 8.00% APR, Inland Federal Credit UnionInland Federal Credit Union4897 W Lake Park Blvd Ste 200, Salt Lake City, UT, 84120 8207A5.0 ★Texas Ratio: 9.69% offering Personal Loans at 8.74% APR, Newell Federal Credit UnionNewell Federal Credit Union420 E South Temple Ste 520, Salt Lake City, UT, 84111 1362A+5.0 ★Texas Ratio: 0.00% offering Signature Loans at 9.00% APR, UPS Employees Federal Credit UnionUPS Employees Federal Credit Union4897 w lake park blvd ste 200, salt lake city, UT, 84120 8207A+5.0 ★Texas Ratio: 0.45% offering Signature Loans at 9.49% APR, and Gibbons and Reed Employees Federal Credit UnionGibbons and Reed Employees Federal Credit Union1000 N Warm Springs Rd, Salt Lake City, UT, 84116A+5.0 ★Texas Ratio: 2.04% offering Unsecured Loan at 10.24% APR. Personal loan rates as of September 9, 2026 according to verified data from MonitorBankRates.
Salt Lake City has 12 local institutions in our database, with personal loan rates as low as 8.00% APR from Utah Power Credit Union at 1407 W North Temple Ste 120C, Salt Lake City, UT, 84116. Use the tabs below to compare all available personal loan types. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Salt Lake City, Utah.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Salt Lake City, Utah. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: September 9, 2026
Salt Lake City Personal Loan Rates
No additional details available.
As Low As; Includes a 0.25% discount for direct deposit. Rates depend on the borrower's credit profile and are not guarantees of loan type or amount. Subject to approved credit. This information is for reference only.
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
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Unlimited 1% Cash Back Signature Card
Variable Rate
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Unlimited 1.5% Cash Back Signature Card
As Low As; Percentage rate depends on your Beacon Score and can increase depending on this score.
Loans up to $35,000. No application or origination fees. $0 Accepting won't affect your credit score. Rates range from 7.99% to 20.99% APR. Minimum loan amount is $1,500 and maximum loan amount is $35,000.
As low as*
Starting at; Up to $4,000; Click for more details.
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$20,000
Rate based on credit score. Rate is 8.95% for 800+ credit score.
$20,000
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Term: Up to 72 months ($5,000 min); $20,000
No additional details available.
Fixed APR as low as; All loans subject to credit approval. Rates displayed are the lowest rates available including a discount for automatic payment. Rates subject to change without notice. Rates and term subject to credit qualification.
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As Low As; Estimated monthly payment of $198.40 with 66-month term and loan amount of $10,000 at 9.99% APR. APR accurate as of 12/11/25. Loan is subject to credit approval. Please review the Personal Loan Terms for complete details.
As Low As; Estimated monthly payment of $198.40 with 66-month term and loan amount of $10,000 at 9.99% APR. APR accurate as of 12/11/25. Loan is subject to credit approval. Please review the Personal Loan Terms for complete details.
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Rate based on credit score. Rate is 10.95% for 750 - 799 credit score.
As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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Variable APR
As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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Maximum loan amount $5,000
Rate based on credit score. Rate is 12.95% for 700 - 749 credit score.
No additional details available.
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Rate based on credit score. Rate is 14.95% for 650 -699 credit score.
Between January 2026 and March 2026, on average, the APR for a Happen Bank Personal Loan was 17.32% with an origination fee of 6% and a principal amount of $48,925 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data.
Rate based on credit score. Rate is 19.95% for 600 - 649 credit score.
Rate based on credit score. Rate is 30.00% for 599 and lower credit score.
Salt Lake City Personal Loan Rates
No additional details available.
As Low As; Includes a 0.25% discount for direct deposit. Rates depend on the borrower's credit profile and are not guarantees of loan type or amount. Subject to approved credit. This information is for reference only.
No additional details available.
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No additional details available.
Variable rate
No additional details available.
Loans up to $35,000. No application or origination fees. $0 Accepting won't affect your credit score. Rates range from 7.99% to 20.99% APR. Minimum loan amount is $1,500 and maximum loan amount is $35,000.
Starting at; Up to $4,000; Click for more details.
$20,000
$20,000
Term: Up to 72 months ($5,000 min); $20,000
As Low As; Estimated monthly payment of $198.40 with 66-month term and loan amount of $10,000 at 9.99% APR. APR accurate as of 12/11/25. Loan is subject to credit approval. Please review the Personal Loan Terms for complete details.
No additional details available.
As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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Variable APR
As Low As; GREAT RATES FLEXIBLE TERMS AVAILABLE 24/7
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Maximum loan amount $5,000
No additional details available.
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Between January 2026 and March 2026, on average, the APR for a Happen Bank Personal Loan was 17.32% with an origination fee of 6% and a principal amount of $48,925 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data.
Salt Lake City Debt Consolidation Loan Rates
As Low As; Estimated monthly payment of $198.40 with 66-month term and loan amount of $10,000 at 9.99% APR. APR accurate as of 12/11/25. Loan is subject to credit approval. Please review the Personal Loan Terms for complete details.
Salt Lake City Signature Loan Rates
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
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As Low As; Rates As Low As & Subject to Change; APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
Variable Rate
No additional details available.
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Variable Rate
No additional details available.
No additional details available.
Unlimited 1% Cash Back Signature Card
Variable Rate
No additional details available.
No additional details available.
Unlimited 1.5% Cash Back Signature Card
As Low As; Percentage rate depends on your Beacon Score and can increase depending on this score.
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Fixed APR as low as; All loans subject to credit approval. Rates displayed are the lowest rates available including a discount for automatic payment. Rates subject to change without notice. Rates and term subject to credit qualification.
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Salt Lake City, UT Personal Loan Rate Trends
Compare local Salt Lake City, UT personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Utah personal loan rates rose 0.587 points over the past 7 days to 12.029% APR.
Utah signature loan rates rose 0.177 points over the past 7 days to 12.606% APR.
Salt Lake City, UT Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Utah figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current UT average personal loan APR of 12.03%, across the terms lenders serving Salt Lake City, Utah most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $235.43/mo | $166.14/mo | $131.74/mo | $111.29/mo |
| $10,000 | $470.87/mo | $332.28/mo | $263.48/mo | $222.59/mo |
| $15,000 | $706.30/mo | $498.42/mo | $395.22/mo | $333.88/mo |
| $25,000 | $1,177.17/mo | $830.70/mo | $658.70/mo | $556.47/mo |
| $35,000 | $1,648.04/mo | $1,162.98/mo | $922.17/mo | $779.06/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Salt Lake City, Utah
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the UT personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (UT average) | 12.03% | $395.22 | $3,970 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,180 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $3,714 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,306 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Salt Lake City, Utah
Prequalify With a Soft Credit Check
Most lenders serving Salt Lake City, Utah will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Utah data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Salt Lake City, Utah auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Salt Lake City, Utah high-yield savings account costs nothing and earns interest instead of paying it
Utah Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau (state-level data shown; city data not available)
A $395 monthly loan payment is roughly 10.8% of the median individual income in Utah. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Salt Lake City, Utah.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1–3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3–5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current UT average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Salt Lake City, Utah personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Salt Lake City, Utah directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Salt Lake City, Utah. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in UT.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Utah?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Utah?
Are credit unions or banks better for personal loans in Salt Lake City, Utah?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
What are the best personal loan rates in Salt Lake City, Utah?
- Utah Power Credit Union: 8.00% (Personal Loan)
- Inland Federal Credit Union: 8.74% (Personal Loans)
- Newell Federal Credit Union: 9.00% (Signature Loans)
- UPS Employees Federal Credit Union: 9.49% (Signature Loans)
- Gibbons and Reed Employees Federal Credit Union: 10.24% (Unsecured Loan)
Salt Lake City, Utah Rates & Resources
Personal Loan Calculators
