MoneyGeek’s Pick for Best Personal Loan Lender in Utah: LightStream

MoneyGeek evaluated over 30 factors to determine the best personal loan lenders in Utah. We evaluated several companies based on their BBB ratings, loan amount ranges, fees, accessibility and other factors to help you choose the right personal loans for your needs.

Beyond that, we also researched eligibility requirements to help you determine which companies you may qualify for a loan from. Based on this research, we identified lenders that are best for certain needs and financial profiles.

Best Overall Personal Loan Lender in Utah: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds


    on LightStream Website

Best Personal Loan Lender for Bad Credit in Utah: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


    on Upstart Website

Best Personal Loan Lender for Good Credit in Utah: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds


    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Utah: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Utah: Best Egg

  • Best Egg

    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg

    on Best Egg Website

How to Choose the Best Personal Loan Lender in Utah for You

The average personal loan debt in Utah is $15,188, and people have a variety of reasons why they need to borrow money. It’s important to consider factors such as existing debts, employment, income and credit score when applying for a loan. MoneyGeek has identified steps you can take to ensure that a personal loan is right for you.


Ask Yourself the Important Questions

Before looking for a lender, you have to identify your needs and financial circumstances. The following are important questions to ask yourself:

  • How much funding do you need? - Evaluate how much money you need and if a personal loan is the best option to meet that need.
  • What is your credit score? - Having an understanding of your credit score can ensure you apply for a loan with a company that will accept your score.
  • Can you afford the monthly payment? - Take a look at your budget and make sure that a loan payment is something that will fit within your budget.
  • How much debt do you already have? - Make sure you aren’t taking on more debt than is ideal. If you already have a ton of debt, taking on more debt might not be a great choice.

Do Your Research

Each lender has its strengths and weaknesses. What might be good for home improvement may not work well for debt consolidation. More significantly, the loan that you like might not fit well with your current circumstances.

Doing your research helps you discover more loans and features that can work to your advantage. Remember that a personal loan is a huge commitment for two to four years. You can always turn to MoneyGeek for the necessary information to guide you in this process, but some of our recommendations may not be the perfect fit for you. As a result, it’s important for you to do your own research.



You might find yourself making better decisions when you wait and give yourself time to carefully consider your decision. A personal loan is a huge commitment, so you need to be absolutely sure of your decision. Consider taking two or three days to reflect before finalizing your decision. This way, once you have taken out the loan, you’ll have the assurance that you have made the right decision.


Read the Fine Print

Once you have chosen a lender, take a closer look at the fees, such as prepayment penalties, origination fees, late fees and more. By being fully aware of the fees, you can prepare your budget and prevent unexpected charges. Take note of the added conditions as well so that you will know if you can take advantage of special offers like autopay discounts. Following this step can lead to savings in the long run.



After completing your research and deciding on a lender, it’s time to apply for a loan. The application process will require identification, address verification and proof of income. Lenders also offer online, in-person or over-the-phone applications. Online applications are the most convenient option. If you’re more comfortable with in-person and over-the-phone applications, it’s best to check if the lender accommodates this.

What to Do if You Can’t Get a Personal Loan in Utah

If your loan has been denied by your lender, don’t worry. Loans can be denied due to insufficient income, employment status, existing debts or inaccuracies with your application. When this happens, consider contacting your lender to ask about the exact reason for the denial of your application.

Your lender may allow you to modify your application. These instances could require setting a lower loan amount or reducing the terms of your loan.

You may also apply with a different lender, but this option is not recommended. Using this option may lead to another denial, especially if you haven’t worked on the factor that caused the initial denial of your loan.

Payday loans could be appealing at first because of their fast release of funds. However, you might end up spending more money because of the high fees associated with these loans as well as the quick repayment terms.

Frequently Asked Questions About Personal Loans in Utah

The best personal loan company for you depends on your needs as well as income and credit factors. The following are commonly asked questions by residents seeking to take a personal loan in Utah.

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We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.

The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.