Personal loans in Paragonah, UT

For a borrower among the roughly 562 residents of Paragonah, a personal loan is a tool whose cost turns on the terms, not the address. Population in Paragonah climbed about 4.5% over the three years from 2020 to 2023.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

At about 562 residents, Paragonah is larger than roughly 27% of the places in Utah. Compare APR, not the interest rate, because the APR folds in most fees on a Paragonah loan. Consumer lending that reaches Paragonah's 562 residents is governed by Utah statute; no city ordinance changes it. The closest larger place is Parowan, UT about 5 miles away.

The Paragonah data picture

Only a few things actually differ by place — population, area, location, and the Utah rules a lender must follow — and they are below.

A pre-application checklist for Paragonah

Before you hand your details to a lender in Paragonah, where the population is near 562:

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Run the numbers on the personal loan calculator so you know the payment before you apply.
  3. Line up several pre-qualified offers and let the APR decide.
  4. Verify the lender's Utah licence with the regulator listed on this page.
  5. Keep the amount to the expense; an approval is not a reason to take more.
  6. Write down the purpose of the loan and your repayment plan before you apply.
  7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

The process is identical across Utah; what changes is your credit file, not the fact that Paragonah holds 562 people.

How Paragonah compares across Utah

Among Utah's 255 places, Paragonah sits at 187th for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 119th of 255 Utah places, putting it near the 53th percentile for growth. At about 812 people per square mile, Paragonah is the 117th most densely settled place in Utah. Within 50 miles sit 15 smaller Census places, alongside the 8 that are larger.

The geography behind Paragonah

Paragonah covers about 0.7 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 812 people per square mile. Salt Lake City, the largest place in Utah, is about 205 miles from Paragonah. A 50-mile radius around Paragonah takes in 8 places that are larger. By land area it ranks 238th of 255 Utah places.

Getting a loan in Paragonah

Paragonah is a moderately settled community of about 562 people, with 8 larger places inside a 50-mile radius. Distance to a branch rarely matters for Paragonah's 562 residents: the application is online and the price follows your credit file. The nearest larger city, Parowan, UT about 5 miles away.

The Utah lending rules that reach Paragonah

Read the table as a lender's compliance picture for Paragonah: the rule, the sourced figure, the publisher and the date.

RuleDetailSource
State lending regulatorUtah 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
Small-loan / installment lender licensingConsumer 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
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 we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Paragonah if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Paragonah is the same as anywhere in Utah.
What loan size can I expect in Paragonah?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Paragonah?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Paragonah cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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