Once your application is approved, we’ll send the funds straight to your bank account on the very same business day\*.
As you build your repayment history with us, you could qualify for lower interest rates and/or larger loan amounts over time†.
Quick Money Solutions holds a state license to lend directly in Utah, so you’ll work exclusively with us—and we’ll fund your loan ourselves.
Our dedicated Customer Care team is on hand every single day, ready to guide you through every step of borrowing and repayment, 7 days a week.
Summary
Loan Amount: $200 to $2,500
Loan Type: Installment Loan
Loan Term: ~12 months
Funding: Same business day*
Pre-Payment Available: Yes
1. Submit Your Appllication
Loan Amount
The amount you can borrow will range between $200 and $2,500. After we review your application, we’ll let you know how much you qualify for.
Cost of Loan
Interest will be charged on your Quick Money Solutions Utah Installment Loan, with a maximum annual percentage rate (APR) of 295%. The APR is the cost of credit expressed as a yearly rate. The APR, repayment amount and payment schedule will vary depending on the specific details of your loan, which are available in your loan agreement.
This loan is an expensive form of credit and is not intended to meet long-term financial needs. Quick Money Solutions urges you to use this product responsibly.
As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.
Term of Loan
Your loan payments typically start on your next pay date and run for approximately 12 months. If you are paid monthly, you’ll have 11 scheduled installments. If you are paid weekly, bi-weekly, or semi-monthly, you’ll have 23 scheduled installments.
Here are some examples:
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
| The cost of your credit as a yearly rate
291.19%
|
The dollar amount the credit will cost you
$1,820.88
|
The amount of credit provided to you on your behalf
$1,000.00
|
The amount you will have paid after you have made all payments as scheduled
$2,820.88
|
Payment Schedule
| Payment Date | Payment Amount |
|---|---|
| 08/27/2023 | $122.68 |
| 09/10/2023 | $122.68 |
| 09/24/2023 | $122.68 |
| 10/08/2023 | $122.68 |
| 10/22/2023 | $122.67 |
| 11/05/2023 | $122.67 |
| 11/19/2023 | $122.68 |
| 12/03/2023 | $122.68 |
| 12/17/2023 | $122.67 |
| 12/31/2023 | $122.68 |
| 01/14/2024 | $122.68 |
| 01/28/2024 | $122.68 |
| 02/11/2024 | $122.68 |
| 02/25/2024 | $122.68 |
| 03/11/2024 | $122.67 |
| 03/25/2024 | $122.68 |
| 04/08/2024 | $122.68 |
| 04/22/2024 | $122.68 |
| 05/06/2024 | $122.68 |
| 05/20/2024 | $122.68 |
| 06/03/2024 | $122.68 |
| 06/17/2024 | $122.68 |
| 07/01/2024 | $122.68 |
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
| The cost of your credit as a yearly rate
291.89%
|
The dollar amount the credit will cost you
$1,627.56
|
The amount of credit provided to you on your behalf
$1,000.00
|
The amount you will have paid after you have made all payments as scheduled
$2,627.56
|
Payment Schedule
| Payment Date | Payment Amount |
|---|---|
| 10/02/2023 | $238.79 |
| 11/04/2023 | $238.78 |
| 12/04/2023 | $238.78 |
| 01/04/2024 | $238.78 |
| 02/04/2024 | $238.78 |
| 03/04/2024 | $238.78 |
| 04/02/2024 | $238.79 |
| 05/04/2024 | $238.78 |
| 06/04/2024 | $238.78 |
| 07/02/2024 | $238.78 |
| 08/04/2024 | $239.74 |
Click the image below to view our Utah license.
Click the image below to view our Utah license.
How do I qualify for a loan?
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Be a resident of Utah
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
Please note that currently, no credit products offered through Quick Money Solutions have rates that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Is this a payday loan?
No, this is not a payday loan. A payday loan is a short-term loan where you typically repay the entire balance on your next paycheck. This is an installment loan in Utah, which differs because, instead of one lump-sum repayment, you repay in scheduled installments over time until the balance is paid off.
Where can I find fast loans near me?
Quick Money Solutions offers online Installment Loans in Utah with a streamlined application process. You can start your application from anywhere with internet access, 24 hours a day, 7 days a week—no wait times, business hours, or appointments required.
How long will it take to get funds?
For details on specific funding cut-off times, visit Quick Money Solutions’ FAQs here.
Can I pay my loan off early?
Yes, and there’s no penalty for paying off your Utah Installment Loan ahead of schedule. To make an early or extra payment toward your principal, call us at 1-866-255-1668 or email us at customercare@quickmoneysolutions.com. Paying off your loan early may reduce the total finance charges you incur.
I don’t live in Utah, can I still apply for an online installment loan?
To be eligible for a Utah Installment Loan, you must reside in Utah. Whether you’re in Salt Lake City or a smaller community like Provo, our online application is fast and secure. If you live elsewhere, please check our Products & Services page to see if our Installment Loans or other credit products are available in your state.
Have more questions?
Please refer to our general FAQs page or contact our Customer Care team at 1-866-255-1668.
Will I need to make an appointment to submit a request for this installment loan in Utah?
No appointment is necessary. With internet access, you can apply for Utah loans online through Quick Money Solutions at any time. To begin your application, simply click here to apply. The process takes just a few minutes.
How is an installment loan in Utah different from a line of credit?
An installment loan is a type of loan where the borrower, if approved, receives a lump sum of money, which they repay over a fixed period of time in a set number of payments. Each payment includes both principal and interest, and the loan is considered fully paid off once the final payment is made.
On the other hand, a line of credit is a revolving borrowing option that allows the borrower to draw money as needed, up to a predetermined credit limit. Interest and/or fees are only charged on the amount borrowed, and payments are made based on the billing cycle.
Overall, the key difference between an installment loan and a line of credit is that an installment loan provides a fixed amount of money with a set repayment schedule, while a line of credit offers flexibility in borrowing. They each may be better suited to certain people and situations, so it’s important for you to determine which option may work best for you.
Do online loans in the form of an installment loan in Utah impact my credit score?
On some occasions, they may. If the payments you’re making on your Utah installment loans are reported to a credit bureau, this might have an effect on your credit score. The nature of that impact depends on whether your payments are made on time, but in either case, there may be some movement in your score. Ultimately, it’s essential that you make timely payments on your online loans in Utah—and on all your credit obligations.
Why should I consider looking into Utah loans online versus in-person loans?
Whether you’re in the market for installment loans, lines of credit, or another type of personal loan, it might be worth considering online loans in Utah. Here are a few potential benefits:
- Speed: If you’re facing an emergency expense, applying for online installment loans in Utah can be faster than going through an in-person process, helping you address urgent needs sooner.
- Convenience: When you apply for Utah online loans, you avoid the extra steps and travel that come with in-person borrowing.
- Apply 24/7: Many online Utah installment loans let you start your application outside normal business hours—perfect for those with busy daytime schedules.
How is an online loan different from a storefront loan?
An online loan is obtained entirely over the internet, while a storefront loan is secured through a physical location. One of the main differences is convenience: with Utah online loans, you can apply from home without visiting a branch. A storefront loan requires an in-person visit, which can be time-consuming and less flexible.
Another key difference is application speed. Online loans often let you submit your application in minutes. Storefront loans may take longer, as you need to complete paperwork and wait to speak with a representative in person.