Colorado’s Supervised Lenders Statute caps APRs on all installment loans administered throughout the state:
For unpaid balances ≤ of $1,000, APRs are capped at 36%.
For unpaid balances > $1,000 but ≤ $3,000, APRs are capped at 21%.
For unpaid balances > $3,000, APRs are capped at 15%; the lender also has the option to charge 21% on the entire unpaid balance.
Allowable monthly handling charges include:
$12.50 for loans $100 to $300.
$15 for loans $301 to $500.
$17.50 for loans $501 to $750.
$20 for loans $751 to $1,000.
As well, non-sufficient funds fees are capped at $25. And the lender can only charge a $15 late payment fee if the borrower is more than 10 days delinquent.
Best Bad Credit Loans in Colorado of February 2025
Loan Limit: You can only have one payday loan at a time
Payday loans are legal in Colorado.
However, the Deferred Deposit Act mandates that lenders cap their APRs at 36%. The maximum loan amount is $500, and the terms have a 180-day minimum. Rollovers are allowed, but only 1 per loan. As well, lenders can refinance payday loans into installment loans.
For loans < $300, the maximum finance charge is $20.
For loans > $300, the lender can charge $20 + 7.5% for each additional $100 borrowed.
Lenders are also permitted to charge a maximum non-sufficient funds fee of $25.
Payday Loan Laws in Colorado by Country of February 2025
ElitePersonalFinance analysis of payday loan laws by countries in the State of Colorado.
City:
Amount Allowed:
APR Allowed:
Status:
Denver
$500
214%
Legal
Colorado Springs
$500
214%
Legal
Aurora
$500
214%
Legal
Fort Collins
$500
214%
Legal
Lakewood
$500
214%
Legal
Thornton
$500
214%
Legal
Arvada
$500
214%
Legal
Westminster
$500
214%
Legal
Pueblo
$500
214%
Legal
Centennial
$500
214%
Legal
Boulder
$500
214%
Legal
Highlands Ranch
$500
214%
Legal
Greeley
$500
214%
Legal
Longmont
$500
214%
Legal
Loveland
$500
214%
Legal
Broomfield
$500
214%
Legal
Grand Junction
$500
214%
Legal
Castle Rock
$500
214%
Legal
Commerce City
$500
214%
Legal
Parker
$500
214%
Legal
Littleton
$500
214%
Legal
Brighton
$500
214%
Legal
Northglenn
$500
214%
Legal
Security-Widefield
$500
214%
Legal
Dakota Ridge
$500
214%
Legal
Englewood
$500
214%
Legal
Ken Caryl
$500
214%
Legal
Pueblo West
$500
214%
Legal
Wheat Ridge
$500
214%
Legal
Fountain
$500
214%
Legal
Lafayette
$500
214%
Legal
Windsor
$500
214%
Legal
Columbine
$500
214%
Legal
Erie
$500
214%
Legal
Golden
$500
214%
Legal
Louisville
$500
214%
Legal
Clifton
$500
214%
Legal
Evans
$500
214%
Legal
Sherrelwood
$500
214%
Legal
Montrose
$500
214%
Legal
Durango
$500
214%
Legal
Cimarron Hills
$500
214%
Legal
Cañon City
$500
214%
Legal
Welby
$500
214%
Legal
Greenwood Village
$500
214%
Legal
Fort Carson
$500
214%
Legal
Johnstown
$500
214%
Legal
Black Forest
$500
214%
Legal
Lone Tree
$500
214%
Legal
Sterling
$500
214%
Legal
Fruita
$500
214%
Legal
Firestone
$500
214%
Legal
Superior
$500
214%
Legal
Steamboat Springs
$500
214%
Legal
Federal Heights
$500
214%
Legal
Cherry Creek
$500
214%
Legal
Frederick
$500
214%
Legal
Berkley
$500
214%
Legal
The Pinery
$500
214%
Legal
Fort Morgan
$500
214%
Legal
Castle Pines
$500
214%
Legal
Edwards
$500
214%
Legal
Glenwood Springs
$500
214%
Legal
Gunbarrel
$500
214%
Legal
Alamosa
$500
214%
Legal
Rifle
$500
214%
Legal
Stonegate
$500
214%
Legal
Roxborough Park
$500
214%
Legal
Woodmoor
$500
214%
Legal
Derby
$500
214%
Legal
Redlands
$500
214%
Legal
Craig
$500
214%
Legal
Delta
$500
214%
Legal
Fairmount
$500
214%
Legal
Cortez
$500
214%
Legal
Evergreen
$500
214%
Legal
Wellington
$500
214%
Legal
Applewood
$500
214%
Legal
Trinidad
$500
214%
Legal
Fort Lupton
$500
214%
Legal
Fruitvale
$500
214%
Legal
Lamar
$500
214%
Legal
Twin Lakes CDP
$500
214%
Legal
Woodland Park
$500
214%
Legal
Aspen
$500
214%
Legal
Gypsum
$500
214%
Legal
Monument
$500
214%
Legal
Gleneagle
$500
214%
Legal
La Junta
$500
214%
Legal
Eagle
$500
214%
Legal
Milliken
$500
214%
Legal
Carbondale
$500
214%
Legal
Air Force Academy
$500
214%
Legal
Orchard Mesa
$500
214%
Legal
Cherry Hills Village
$500
214%
Legal
Avon
$500
214%
Legal
Berthoud
$500
214%
Legal
Gunnison
$500
214%
Legal
Estes Park
$500
214%
Legal
Sheridan
$500
214%
Legal
Lochbuie
$500
214%
Legal
Stratmoor
$500
214%
Legal
Salida
$500
214%
Legal
Dove Valley
$500
214%
Legal
Vail
$500
214%
Legal
Shaw Heights
$500
214%
Legal
Brush
$500
214%
Legal
Edgewater
$500
214%
Legal
Manitou Springs
$500
214%
Legal
Dacono
$500
214%
Legal
Glendale city
$500
214%
Legal
Eaton
$500
214%
Legal
Breckenridge
$500
214%
Legal
New Castle
$500
214%
Legal
Battlement Mesa
$500
214%
Legal
Castle Pines Village
$500
214%
Legal
West Pleasant View
$500
214%
Legal
Silverthorne
$500
214%
Legal
Mead
$500
214%
Legal
Todd Creek
$500
214%
Legal
Severance
$500
214%
Legal
Monte Vista
$500
214%
Legal
El Jebel
$500
214%
Legal
Niwot
$500
214%
Legal
Basalt
$500
214%
Legal
Florence
$500
214%
Legal
Rocky Ford
$500
214%
Legal
Genesee
$500
214%
Legal
Burlington
$500
214%
Legal
Ponderosa Park
$500
214%
Legal
Meridian
$500
214%
Legal
Yuma
$500
214%
Legal
Lincoln Park
$500
214%
Legal
Silt
$500
214%
Legal
Frisco
$500
214%
Legal
Orchard City
$500
214%
Legal
Car Title Loans in Colorado of February 2025
Car title loans are illegal in Colorado.
Despite that, lenders use auto pawn loans as a means to skirt the law. You have to pass the title to the lender with car title loans when you take out the loan. With auto pawn loans, you leave both your car and title with the lender. The financier then houses your car and releases it once you repay the loan. If you don’t repay the loan, the lender keeps your car.
The two products are extremely similar, but the small technicality has them subject to different regulations.
Best Auto Loans for Bad Credit in Colorado of February 2025
At Ent Credit Union, you can opt for a personal loan or a personal line of credit. No collateral is required, and personal loans offer repayment terms that range from 48 to 72 months. With its credit line, minimum monthly payments can be as low as 2% of the outstanding balance.
While loan amounts vary by the borrower, Ent’s APRs look like this:
Revolving Personal Line Of Credit: 9.9% to 17.9%.
48-Month Personal Loan: 7.49% to 16.15%.
60-Month Personal Loan: 7.49% to 16.85%.
72-Month Personal Loan: 8.39% to 17.3%.
Ent Credit Union operates more than 35 branches in Colorado, with locations in Colorado Springs, Castle Rock, Woodland Park, Pueblo West, and many others.
Partner Colorado Credit Union
With three options to choose from, Partner Colorado Credit Union offers personal loans that can be used for almost any situation:
Everything Loans are unsecured installment loans of $1,200. You repay the proceeds over 12 months, and APRs range from 12% to 18%. As the name suggests, Everything Loans can be used for almost any short-term expense.
Signature Loans are also unsecured, but you can borrow upwards of $25,000 and repay the funds in up to 36 months. The APRs ranges from 12.25% to 18%. Signature loans are best used for large expenses or debt consolidation.
Savings Secured Loans allow you to use your savings, CD, or Money Market balance as collateral for the loan. Because loans are secured, there is no limit to the amount you can borrow. Closed-End Loans have a variable APR of 3% + the yield on your savings instrument. Terms are 12 months only, but you can refinance at the end of the period. The Open-End option is revolving, similar to a line of credit. The APR is also variable at 1% + the yield on your savings instrument.
Partner Colorado operates 6 branches across Colorado, with locations in Arvada, Aurora, Littleton, Denver, and others.
All Licensed Credit Unions in Colorado of February 2025
Name:
City:
Size (Millions):
Members:
ENT FEDERAL CREDIT UNION
Salida
$3,417.89
209927
BELLCO CREDIT UNION
Greenwood Village
$2,069.71
198302
PUBLIC SERVICE EMPLOYEES CREDIT UNION
Denver
$1,114.81
130765
ELEVATIONS CREDIT UNION
Boulder
$1,146.51
95167
CREDIT UNION OF COLORADO
Denver
$988.60
90783
WESTERRA CREDIT UNION
Denver
$1,192.01
81438
CREDIT UNION OF DENVER
Lakewood
$536.23
50287
AIR ACADEMY FEDERAL CREDIT UNION
Salida
$423.71
42761
PREMIER MEMBERS FEDERAL CREDIT UNION
Boulder
$402.02
35812
SOOPER CREDIT UNION
Arvada
$246.29
32014
DENVER COMMUNITY CREDIT UNION
Denver
$222.90
29766
PARTNER COLORADO CREDIT UNION
Arvada
$221.61
23767
MINNEQUA WORKS CREDIT UNION
Pueblo
$159.28
21938
BOULDER VALLEY CREDIT UNION
Boulder
$241.66
19020
AVENTA CREDIT UNION
Colorado Springs
$134.99
18102
RED ROCKS CREDIT UNION
Highlands Ranch
$210.45
16337
SPACE AGE FEDERAL CREDIT UNION
Aurora
$100.30
15338
WESTERN ROCKIES FEDERAL CREDIT UNION
Grand Junction
$103.56
14676
COORS CREDIT UNION
Golden
$138.67
14121
FITZSIMONS FEDERAL CREDIT UNION
Aurora
$157.67
13801
COMMUNITY FINANCIAL CREDIT UNION
Broomfield
$126.07
11712
POWER CREDIT UNION
Pueblo
$79.14
11395
SUNWEST EDUCATIONAL CREDIT UNION
Pueblo
$98.09
10761
ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION
Denver
$150.16
10261
CREDIT UNION OF THE ROCKIES
Golden
$80.03
9847
ARAPAHOE CREDIT UNION
Centennial
$85.95
9632
PIKES PEAK CREDIT UNION
Colorado Springs
$66.42
8754
STERLING FEDERAL CREDIT UNION
Sterling
$105.64
8736
COLORADO CREDIT UNION
Littleton
$101.77
8573
COLORAMO FEDERAL CREDIT UNION
Grand Junction
$66.37
8058
HORIZONS NORTH CREDIT UNION
Northglenn
$70.20
8034
MEMBERS FEDERAL CREDIT UNION
Aurora
$75.51
7913
AURORA SCHOOLS FEDERAL CREDIT UNION
Aurora
$93.32
7373
BOULDER MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
Boulder
$56.27
6896
WELD SCHOOLS CREDIT UNION
Greeley
$54.01
6692
WHITE CROWN FEDERAL CREDIT UNION
Denver
$53.17
6631
FOOTHILLS CREDIT UNION
Lakewood
$56.31
6615
NUVISTA FEDERAL CREDIT UNION
Montrose
$79.24
6229
DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION
Denver
$122.40
5751
NORTHWEST UNITED FEDERAL CREDIT UNION
Arvada
$70.59
5654
COMMUNITY CHOICE CREDIT UNION
Commerce City
$36.20
4916
METRUM COMMUNITY CREDIT UNION
Centennial
$49.23
4815
GRAND JUNCTION FEDERAL CREDIT UNION
Grand Junction
$49.94
4752
RIO GRANDE FEDERAL CREDIT UNION
Grand Junction
$44.50
4611
DELTA COUNTY FEDERAL CREDIT UNION
Delta
$38.05
4158
WESTMINSTER FEDERAL CREDIT UNION
Westminster
$30.68
3903
PUEBLO HORIZONS FEDERAL CREDIT UNION
Pueblo
$26.80
3858
COLLEGE CREDIT UNION OF GREELEY
Greeley
$42.10
3817
SOUTHWEST COLORADO FEDERAL CREDIT UNION
Durango
$35.23
3721
PUEBLO GOVERNMENT AGENCIES FEDERAL CREDIT UNION
Pueblo
$25.14
3693
ST. JOSEPH CREDIT UNION
Salida
$20.95
3674
ELECTRICAL FEDERAL CREDIT UNION
Arvada
$29.21
3614
COLUMBINE FEDERAL CREDIT UNION
Centennial
$45.14
3435
ARKANSAS VALLEY FEDERAL CREDIT UNION
Las Animas
$11.01
3200
SAGUACHE COUNTY CREDIT UNION
Moffat
$17.03
3185
SAN JUAN MOUNTAINS CREDIT UNION
Montrose
$23.32
2996
B.C.S. COMMUNITY CREDIT UNION
Wheat Ridge
$25.41
2950
PORTER FEDERAL CREDIT UNION
Denver
$23.98
2923
HOLYOKE COMMUNITY FEDERAL CREDIT UNION
Holyoke
$30.84
2921
PEOPLES CREDIT UNION
Springfield
$38.71
2603
YUMA COUNTY FEDERAL CREDIT UNION
Yuma
$27.32
2499
FELLOWSHIP CREDIT UNION
Lamar
$12.07
2368
GUADALUPE PARISH CREDIT UNION
Antonito
$18.28
2253
SCHOOL DISTRICT 3 FEDERAL CREDIT UNION
Crawford
$18.56
2094
WEST DENVER COMMUNITY CREDIT UNION
Denver
$8.56
2093
ST. MARY CREDIT UNION
Walsenburg
$8.67
2018
HEALTHONE FEDERAL CREDIT UNION
Denver
$9.82
1837
BIG THOMPSON FEDERAL CREDIT UNION
Loveland
$12.91
1824
ONE THIRTEEN CREDIT UNION
Colorado Springs
$9.10
1824
JEFFCO FEDERAL CREDIT UNION
Golden
$16.24
1777
JUNCTION BELL FEDERAL CREDIT UNION
Woodland
$19.06
1713
HARRISON DISTRICT NO 2 FEDERAL CREDIT UNION
Colorado Springs
$12.07
1706
RIO GRANDE OPERATING CREDIT UNION
Denver
$7.20
1542
OTERO COUNTY TEACHERS FEDERAL CREDIT UNION
La Junta
$3.80
1319
STAR TECH FEDERAL CREDIT UNION
Greenwood Village
$7.90
1317
TRINITY CREDIT UNION
Trinidad
$3.57
1213
BLUE SPRUCE FEDERAL CREDIT UNION
Lakewood
$5.42
1193
D C CREDIT UNION
Denver
$7.17
1178
LAMAR CIVIC FEDERAL CREDIT UNION
Lamar
$5.51
1166
VALLEY EDUCATORS CREDIT UNION
Alamosa
$5.81
1086
CO-NE FEDERAL CREDIT UNION
Julesburg
$3.48
1055
F C I FEDERAL CREDIT UNION
Littleton
$6.10
1002
MOFFAT COUNTY SCHOOLS FEDERAL CREDIT UNION
Craig
$5.60
992
SMW NO 9 FEDERAL CREDIT UNION
Denver
$2.85
919
ROUTT SCHOOLS FEDERAL CREDIT UNION
Steamboat Springs
$4.55
876
LEGAL COMMUNITY CREDIT UNION OF COL
Littleton
$3.66
819
RIO BLANCO SCHOOLS FEDERAL CREDIT UNION
Rangely
$3.99
686
ENGLEWOOD MUNICIPAL FEDERAL CREDIT UNION
Englewood
$3.42
685
GUNNISON WESTERN FEDERAL CREDIT UNION
Gunnison
$4.05
673
I. U. O. E. #9 CREDIT UNION
Denver
$2.83
644
FORT MORGAN SCHOOLS FEDERAL CREDIT UNION
Fort Morgan
$5.06
634
HAXTUN COMMUNITY FEDERAL CREDIT UNION
Haxtun
$3.72
537
MAPLETON PUBLIC SCHOOLS FEDERAL CREDIT UNION
Denver
$1.91
428
ASHOKA CREDIT UNION
Boulder
$2.49
375
AKRON FEDERAL CREDIT UNION
Akron
$0.81
344
WEDENEM CREDIT UNION
Denver
$1.43
343
ST. MICHAELS FEDERAL CREDIT UNION
Craig
$0.80
256
OLATHE FEDERAL CREDIT UNION
Olathe
$0.59
252
EATON EMPLOYEES FEDERAL CREDIT UNION
Denver
$0.41
134
Student Loans in Colorado of February 2025
As a Colorado resident, you can take advantage of state-level programs to help decrease your education cost.
Colorado Student Grant
As a needs-based scholarship, the Colorado Student Grant provides up to $5,000 per year to cover tuition, books, housing, and other financial necessities.
To qualify, you must:
Be a resident of Colorado.
Enroll in an eligible program at a partner institution.
Not have defaulted on any other student loans.
Meet academic requirements.
Colorado College Responsibilities Grant (CCGR)
Offering up to $600 per semester, the Colorado College Responsibilities Grant provides funding to undergraduate students who have yet to earn a bachelor’s degree. You need to be a resident of Colorado to qualify, and the Colorado General Assembly funds proceed.
Federal Housing Administration (FHA) Loans in Colorado of February 2025
To qualify for an FHA loan in Colorado, you need to make a down payment of at least 3.5%. You also need a credit score of at least 500, but 580 is required to qualify for the minimum 3.5% down payment. You also need a debt-to-income ratio that doesn’t exceed roughly 43% to 50%.
In Colorado, FHA loan limits are different across counties. 1-bedroom units qualify for the lowest mortgage amount, while 4-bedroom units qualify for the highest mortgage amount.
As you can see, the lowest FHA loan offers $314,827 in 37 counties. The highest offers of $1,397,400 can be found at Eagle, Garfield, Pitkin, and San Miguel.
Business Loans in Colorado of February 2025
If you’re looking to expand your business or need capital to help with day-to-day expenses, the online lenders below are a great place to start:
However, if you prefer a local touch, the lenders below are based in Colorado and offer flexible loan options that can meet all of your business needs:
You can borrow anywhere from $25,000 to $5 million, and loans can be used to fund working capital, purchase machinery, make an acquisition, and other general business purposes. To qualify, the business must be valued at less than $15 million and have an after-tax profit of less than $5 million (averaged over two years).
Maximum fixed interest rates look like this:
For loans ≤ of $25,000, interest rates are capped at 13.5%.
For loans > $25,000 but ≤ $50,000, interest rates are capped at 12.5%.
For loans > $50,000 but ≤ $250,000, interest rates are capped at 11.5%.
For loans > $250,000, interest rates are capped at 10.5%.
You can visit Colorado Lending Source at its Denver office located at: 1441 18th Street, Suite 100, Denver CO 80203. You can also call them at 1-303-657-0010 or email them at info@coloradolendingsource.org.
Colorado Enterprise Fund
The Colorado Enterprise Fund supports small businesses across the state, offering loans that range from a few thousand to upwards of $500,000. However, APRs vary by the borrower.
The Dream Big Micro Loan allows you to borrow anywhere from $1,000 to $50,000. Terms extend up to 7 years, and funds can be used for working capital, equipment purchases, property upgrades, or other operating purposes.
The Step Up Loan provides anywhere from $50,000 to $500,000, and terms extend up to 10 years.
The Healthy Foods Loan is designed specifically for businesses producing and selling fresh food across Colorado. You can borrow anywhere from $1,000 to $500,000, and special terms are available to businesses serving low-income areas.
The VALOR Loan provides financing to veterans and Gold Star families across Colorado. Loans range from $1,000 to $500,000, and terms extend up to 10 years. Interest-only periods and discounted rates are available.
The SBA Community Advantage Loan is for borrowers who don’t qualify for funding from traditional banks. Loans range from $50,000 to $250,000, and terms extend up to 10 years for working capital or equipment and 25 years for real estate. However, APRs are variable.
The Great Asset Partner (GAP) Loan provides financing through its partner banks. You can borrow anywhere from $1,000 to $500,000, and terms extend up to 25 years.
The Commercial Real Estate Loan is used for Colorado property purchases. Loans range from $50,000 to $500,000, and terms extend up to 7 years.
The Just In TimeLine of Credit (LOC) is used to support working capital needs. You have access to anywhere from $15,000 to $100,000, and terms extend up to 2 years. The funds are best for seasonal demand and to mitigate cash flow issues.
You can get in touch with the Colorado Enterprise Fund by filling out its website’s contact form.
Conclusion
Colorado sets a great example by capping its APRs at 36%. Nearly identical to personal loans, the rate ensures Colorado borrowers receive reliable financing at an affordable rate. And while payday loans are legal in the state, they also have to play by the same rules. APRs cannot exceed 36%, and the law is used to protect borrowers from predatory lending practices and keep them from falling into a cycle of debt. Conversely, car title loans are illegal in Colorado. Lenders are prohibited from offering a loan in exchange for your title. However, lenders skirt the law by offering pawnshop loans. The technicality allows them to provide Colorado residents with a similar product, albeit still subject to the state’s 36% APR cap.