Personal loans in Colorado
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Colorado personal loan rules at a glance
| Governing law | Colorado Uniform Consumer Credit Code (UCCC) (C.R.S. Title 5, Arts. 1-9) |
|---|---|
| Rate cap | Supervised (licensed) lenders may charge either up to 21% a year, or tiered rates of 36% on the first $1,000, 21% on $1,000 to $3,000, and 15% above $3,000. For loans up to $1,000 there is an 'alternative charge' option instead: an acquisition charge of up to 10% (7.5% on a refinance) plus a monthly handling charge of $12.50 to $20, with terms of 90 days to 12 months. Lenders without a supervised lender license are limited to 12% a year. (C.R.S. §§ 5-2-201(1), (2); 5-2-214) |
| License required | Yes. A supervised lender license from the UCCC Administrator is needed to make consumer loans above 12%. The Administrator licenses non-bank lenders such as finance companies and payday lenders. (C.R.S. §§ 5-1-301(46), 5-2-301) |
| Loan sizes covered | UCCC 'consumer loans' exclude loans over $75,000 not secured by real estate. (C.R.S. § 5-1-301(15)) |
| Origination / other fees | Only under the alternative-charge option for loans up to $1,000: an acquisition charge of up to 10% of the amount financed (7.5% on a refinance). Deferred deposit loans may not carry origination or maintenance fees beyond the 36% APR. (C.R.S. §§ 5-2-214; 5-3.1-101.5) |
Bad credit loans in Colorado
Bad credit doesn't automatically rule you out in Colorado. Many lenders in our network look at your income and bank activity, not just your score, and offer personal installment loans of $500 to $5,000 to borrowers with fair or poor credit. Rates are higher than prime offers, so compare the monthly payment and total cost before you accept. More on bad-credit loans.
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Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Rate cap |
|---|---|
| Arizona | 36% a year up to $3,000; 24% on the part above $3,000 (consumer loans up to $10,000). |
| Kansas | 36% a year cap on closed-end consumer loans; open-end credit uncapped. |
| Nebraska | Licensed installment lenders: 24% on first $1,000, 21% above; loans up to $25,000. |
| New Mexico | 36% APR all-in cap on loans up to $10,000 (raised from 175%). |
| Oklahoma | Supervised loans: about 32% plus fed funds rate (tiered); small loans: 17% monthly. |
| Utah | No rate cap: parties may agree to any finance charge; lenders must notify DFI. |
| Wyoming | 36% on first $1,000, 21% above, for loans up to $75,000. |
Personal Loans by city in Colorado
Counties in Colorado
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Also see: Payday Loans in Colorado · Title Loans in Colorado · All Colorado loan options
Frequently asked questions
Is there a cap on personal loan interest rates in Colorado?
Supervised lenders: 21%, or tiered 36%/21%/15%; unlicensed lenders capped at 12%.
Do personal loan lenders need a license in Colorado?
Yes. A supervised lender license from the UCCC Administrator is needed to make consumer loans above 12%. The Administrator licenses non-bank lenders such as finance companies and payday lenders.
Can I get a personal loan with bad credit in Colorado?
Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in Colorado must follow the state's consumer-lending rules shown above; tribal and bank-partner lenders may follow different rules, so compare the APR on every offer.
Where can I find a loan for bad credit in Colorado?
You can apply at local banks and lenders in Colorado, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
How can I get an emergency loan in Colorado?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
What credit score do I need for a personal loan in Colorado?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Colorado with our free 3-minute form.
How do installment loans work in Colorado?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Colorado residents can see installment loan offers with our free 3-minute form.