Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Short-term loans in Denver, Colorado

What you need to know before borrowing in the mile-high city.

Updated

Fact checked

Editor's choice: OppLoans Installment Loans

OppLoans Installment Loans logo
  • Easy online application
  • Quick approval
  • Long repayment terms
See my rate

When you need a little extra cash and your credit isn’t perfect, you may benefit from a short-term loan. We work to clear away the mystery of short-term lending and give you the information you need to make an informed decision.

What short-term lending laws should I be aware of in Denver?

All short-term lending in the state is governed by Colorado Revised Statutes 5-3.1-101 et seq. This means you can’t borrow more than $500. Loan terms are long, lasting a minimum of six months. Colorado law limits the amount of interest a lender can charge, capping the annual percentage rate (APR) at 45%.

You can learn more about short-term loans in Colorado here

Compare short-term loan providers in Denver

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
 Check Into Cash Installment Loans
$3,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
BadCreditLoans.com
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
loading

Compare up to 4 providers

What should I be aware of when taking out a short-term loan in Denver?

  • Monthly maintenance charges. Lenders can charge a maintenance fee, but the total can’t exceed more than $7.50 per $100 loaned and must not go over $30 per month.
  • Renewal charges. Additional charges for a renewed loan cannot exceed 45% APR.
  • Financing fees. A lender can charge up to 20% of the loan amount for the first $300 borrowed, and they can charge an additional 7.50% per $100 for amounts over $300.

Del's expensive medical bills

Del received a medical bill five months ago that he’d forgotten about, and now the amount is due immediately. The credit card Del regularly uses is maxed out, and his credit score is low from some missed payments in the past. Knowing that he wouldn’t qualify for a personal loan, Del decided to apply for a short-term loan.

He applied online for a loan of $300, which would be broken into payments over the next six months. Before he signed the contract, the lender made it clear that there would be a $7.50 fee per $100 borrowed every month the loan was outstanding.

Each month his account was automatically debited the scheduled amount. Del was able to pay his medical bill and budget for the relatively small payments to his lender every month without any trouble.

Here are some benefits to short-term lending

  • The application is quick. Whether you visit a store or go online, the process of applying for a loan should only take five to ten minutes.
  • Multiple ways to get your loan. When you apply online, you’ll likely get your loan deposited directly into your bank account, although some lenders can get you a debit card. If you decide to visit a store, you can get your loan in the form of a check, cash or bank deposit.
  • Bad credit is accepted. As long as you meet other eligibility criteria, it’s likely bad credit won’t impact an approval decision. A regular source of income and long-term employment work in your favor.

Here’s what you’ll need to apply for a short-term loan in Denver

Before you apply, remember that all lenders have the same basic eligibility criteria: you’ll need to be at least 18 years old, a US citizen or permanent resident and have a regular source of income.

When you start filling out an application, you’ll be able to make the process faster if you know your basic personal information and have some important documentation with you.

You’ll need

  • Your name, address, email and phone number
  • Your date of birth, Social Security number and a state-issued ID
  • Your employer’s name, address and phone number
  • Your gross monthly income
  • Your bank account information if applying online

Short-term loans in the Denver area

Short-term loan offices in Denver

  • Advance America. 7150 Leetsdale Dr #312, Denver, CO 80224
  • Check City. 1898 S Wadsworth Blvd, Lakewood, CO 80232
  • Check Into Cash. 1550 S Colorado Blvd #101, Denver, CO 80222
  • Checkmate. 14601 E Colfax Ave B, Aurora, CO 80011
  • Coin 2 Cash. 77300 E Colfax Ave, Denver, CO 80220
  • Loan Stop. 1390 S Colorado Blvd #140, Denver, CO 80222
  • Moneytree. 7357 E 36th Ave, Denver, CO 80238
  • New Money Express. 901 E Colfax Ave, Denver, CO 80218
  • Payday Now Loans. 320 Broadway, Denver, CO 80203
  • Speedy Cash. 6501 E Evans Ave, Denver, CO 80224

How much a short-term loan might end up costing

All loan contracts vary, but if you know the legal maximums lenders are allowed to charge, you’ll be able to figure out how much a short-term loan will cost.

Short-term loans can’t exceed 45% in their APR. That means the total you have to pay back in principal and interest can be no greater than 45% of the initial amount of the loan. It may seem high, but when you compare it to other states where the APR is allowed to reach hundreds of percent, you’ll see that the cap is a benefit to consumers.

The most important thing you can do is read your contract before you borrow. Lenders are required to state exactly how much you’ll need to pay back over the course of your loan, so familiarizing yourself with the fine print is the best way to prevent unexpected charges.

Frequently asked questions

More guides on finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site