Draper, UT · West · Allowed
Payday loans in Draper
Draper is governed by Utah's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Utah. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Draper
47,328 residents · Salt Lake County / Utah County Median household income is $95,804 — above the Utah median of $66,486.
3 storefront locations of 3 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| Dollar Loan Center Check Cashing/Pay-day Loans | 196 W 12300th S, 84020 | (801) 532-5626 | Mon 9:00 AM - 6:00 PM · hours vary |
| Marcus by Goldman Sachs Installment Loans | 11850 S Election Rd, 84020 | (844) 627-2871 | Hours not listed |
| Wasatch Home Loans Installment Loans | 12401 S 450th E Ste A1-B, 84020 | (385) 206-2056 | Mon–Fri 8:00 AM - 5:00 PM · Sat–Sun Closed |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Utah page before visiting. Spot an error? Report it.
The online route in Draper
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Utah follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Utah regulator.
The rules behind the numbers
Deferred deposit loans are high-cost loans without interest rate caps, intended for short-term financial emergencies only.
In practice: borrow $300 for a standard term and the finance charge is $45 — $345 repaid at the end, about 521% - 652% APR. Every compliant lender in Draper has to fit inside that schedule.
Statute: Utah Code § 7-23-101 et seq.
Regulator: Utah Department of Financial Institutions · dfi.utah.gov
Questions people ask in Draper
Are payday loans legal in Draper, UT?
Yes. Storefront payday lending is permitted across Utah, and Draper runs under the same state rules: maximum loan No fixed dollar cap, fees capped at No fee cap (set by contract). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Draper?
The same as anywhere in Utah: state law sets the schedule. On a typical $300 loan the finance charge is about $45 — $345 repaid at the end of the standard term.
Which lenders have stores in Draper?
3 storefronts are listed in Draper in our 2022-02-20 directory snapshot (3 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Draper?
Complaints about a lender go to the Utah Department of Financial Institutions (dfi.utah.gov) — keep the loan agreement and every fee disclosure you were given.