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Installment loans in Colorado

Installment loans for bad credit in Colorado

Installment loans are allowed in Colorado from state-licensed lenders (Supervised Lender License). Here are the limits Colorado law sets, what a typical loan can cost, and where to get free help if you need it.

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Last updated .

Part of the Colorado guide

What Colorado law allows

Installment loans in Colorado
ProductStatusAPR capAmountTermLicenseLaw
Installment and personal loans[1][2][3][4] Allowed Limit depends on loan size Not set by statute Not set by statute Supervised Lender License Colo. Rev. Stat. Section 5-1-101 et seq., Section 5-2-201 et seq.
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.
The rules in full

Installment and personal loans

Rate cap
Summarized in the statute; read the full rule.
License
Supervised Lender License issued by the Colorado Attorney General's Consumer Credit Unit (UCCC Administrator).

Full detail for every loan type: Colorado lending laws.

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Rent and jobs in Colorado

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Colorado
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[5]$1,895FY2026
Unemployment rate[6]4.0%2026-08

Other options in Colorado

Cheaper options to try first

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Colorado.

Other loan types allowed in Colorado

See every loan type Colorado law allows.

Installment loans in nearby states

  • WyomingAllowed 36% APR (top tier)
  • New MexicoAllowed 36% APR
  • UtahAllowedNo rate limit in state law No rate limit
  • NebraskaAllowed 24% APR (top tier)
  • KansasAllowed 36% APR (top tier)

Sources

  1. coag.gov. Colo. Rev. Stat. Section 5-1-101 et seq., Section 5-2-201 et seq.. Retrieved September 23, 2026.
  2. leg.colorado.gov/bills/hb24-1148. Retrieved September 23, 2026.
  3. leg.colorado.gov/bills/hb23-1229. Retrieved September 23, 2026.
  4. coag.gov. Colorado Attorney General, Consumer Credit Unit (Uniform Consumer Credit Code Administrator). Retrieved September 23, 2026.
  5. National Low Income Housing Coalition. Out of Reach 2026: Colorado. Retrieved September 23, 2026.
  6. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

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Important disclosures

APRs vary by lender and state in Colorado. Each lender sets its own rates and terms and must show you the APR before you sign.

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  • Questions about a lender licensed in Colorado? Contact the Colorado Attorney General, Consumer Credit Unit (Uniform Consumer Credit Code Administrator) or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.