Payday loans in Colorado: what's allowed instead
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Colorado payday loan rules at a glance
| Governing law | Deferred Deposit Loan Act, as amended by Proposition 111 (2018) (C.R.S. § 5-3.1-101 et seq.; § 5-3.1-101.5) |
|---|---|
| Maximum loan | $500. (C.R.S. § 5-3.1-101 et seq.) |
| Fees / interest cap | 36% APR, all charges included. (C.R.S. § 5-3.1-101.5 (Proposition 111)) |
| Minimum term | Six months (since a 2010 amendment). (C.R.S. § 5-3.1-101 et seq.) |
Your options in Colorado
Payday loans aren't offered by state-licensed lenders here, but you can still request a personal installment loan of $100 to $5,000 through our form. Installment loans spread repayment over several months, so each payment is smaller. See Colorado personal loans.
Credit services / credit access businesses
Colorado's Credit Services Organization Act covers credit repair and credit restoration companies. It is not a payday or title-loan lending channel. (Colorado Credit Services Organization Act (C.R.S. Title 5))
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Arizona | Not available | — |
| Kansas | Legal | $500 cash advance. |
| Nebraska | Not available | A lender may not hold checks from one borrower totaling more than $500 at any one time. |
| New Mexico | Not available | — |
| Oklahoma | Not available | Small loans are capped by the total you may owe across all small lenders. |
| Utah | Legal | — |
| Wyoming | Legal | — |
Personal loans by city in Colorado
Counties in Colorado
Show all 64 counties
Also see: Personal Loans in Colorado · Title Loans in Colorado · All Colorado loan options
Frequently asked questions
Are payday loans legal in Colorado?
Colorado still authorizes "deferred deposit loans" of up to $500, but since Proposition 111 (2018) their charges are capped at 36% APR. The Attorney General reports that lenders stopped making these loans after the cap took effect.
How much can you borrow with a payday loan in Colorado?
$500.
How much do payday loans cost in Colorado?
36% APR, all charges included.
Can I get a payday loan on the weekend in Colorado?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Colorado residents can start a request now; it takes about 3 minutes.
Can I get a payday loan online in Colorado?
Yes. You can request a payday loan online from anywhere in Colorado, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Colorado residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
Do payday loans in Colorado affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Colorado residents can see their options with our 3-minute form.
How much does a payday loan cost in Colorado?
36% APR, all charges included. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Colorado borrowers in about 3 minutes.