About Utah Loan

Utah Loan isn’t a lender. We don’t fund any loans nor do we assume to. Utah Loan is an online service that connects our customers with creditable lenders who can satisfy their lending needs.

We are a 100% free service and will not and will never charge you, our clients a fee for using our free service. Our mission is to help the residents get through the hectic journey of receiving the best loan possible.

We offer several financial services to our clients. We can connect our consumers to a network of lenders offering multiple types of loans. UTloan help our clients get personal loans, credit cards, auto loans, education loans, education loan refinancing, debt consolidation and business loans.

You should use UTloan because of our numerous years of expertise in the lending business to assist you through the process of getting a loan or credit. We’ve done the research, developed comparison tools and developed a way to easily connect you with a great lender for your exact situation.

Receiving a or credit, no matter your credit or financial situation is easy with UTloan. We’ve entered partnerships with a big pool of lenders lending to people across the credit spectrum. We take great pride in being able to connect our clients with their ideal loan whatever their current situation.

Getting A Loan

Receiving a loan in Utah is simple, fast and easy with the help of to Utah Loan. The first step‘s to go to our product page and choose the type of loan you are interested in (loans offered). Then simply select the button to get connected and complete our loan connection form. We then connect you to loan companies in a matter ofseconds. You then select the lender of your choice.

Our system can connect you to the ideal lender in a matter of seconds, the time at which loans are financed is varied depending on the lender.

Simply applying for a loan will not affect your credit score in no way. UTloan’s partners employ soft credit checks, which have no effect your credit.

The amount to which you can borrow depends on the lender. With the use of our comparison platform you are able to view the max loan amount each lender offers.

About Lenders

Every loan company has an cultivated a formula {to identify|that assesses who it is they lend to and the rate the loan carries. This is technique known underwriting. Loan companies check many factors comprising of but not limited to your credit score, your current debt-to-income ratio, and your financial standing to establish your credibility.

Whether or not you qualify for a loan depends on the loan company and your loan of choice. Generally, loan companies will look at your credit score, income, employment history and various other factors. Luckily Utah Loan removed the guesswork out of getting loans or credit online.

All lenders have a dissimilar application process, but they are all quite similar. When applying the loan company will generally inquire for your name, address and social security number (Which is needed to run a credit check). This is rarely the case but depending on the loan type and loan company you might have to show papers like pay stubs, tax returns, transcripts, etc.

APRs are determined on observed risk. They are based on the lenders underwriting, they identify the risk of a consumer defaulting when they apply for a loan. smaller the risk, the smaller the APR given by the lender. The larger the perceived risk the less likely the loan is to be accepted and the higher the loan rate will be.

Trying to get a loan is free. Borrowers should never be forced to pay in order to appy for a loan. Utah Loan does not partner with lenders who make you pay a fee to apply for a loan. We highly recommend against doing business with such lenders.

About Loans

The APR is the proportion of credit that comprises all fees, including fees the lender makes you pay for a loan (ex. origination fees). The APR is valuable when comparing distinct loan offers because it contains all fees. The interest rate is the amount of cash that is charged for the loan. Interest rate don’t include the origination fee or any other fees associated with the lender.

A floating rate is a loan whose APRs will change after time, usually around 1 year. The growth of the APR will be set by some inner measurement, like prime rate. Determining whether you want a fixed or variable APR is essential because when you have a variable rate, your APR might increase in the future. The lower rate of a floating loan is commonly referred to as a “teaser rate” to entice borrowers to the lower rate.

Consumers who don’t have a well established credit history may have a difficult time getting a loan.

Traditional lenders, such as banks typically don’t lend to individuals who lack an established credit history. If you find yourself in this situation, you {would need to go an alternative online lender. UTloan has collaborated with numerous alternative lenders to make sure you receive the loan you need.