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Payday Loans in Colorado

Compare licensed lenders • Check CO regulations • Apply online

Last updated: June 2026

Max Loan
$500
Cities Covered
1
Legal Status
Legal (Regulated)
Population
5,773,714

Colorado Payday Loan Regulations

Max Loan Amount:$500
Max Term:180 days
Typical APR:45%
Cooling-Off:None
Rollover Allowed:No

Colorado law caps payday loan APR at 45% (includes all fees). Loans up to $500 for 6 months minimum.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

About Payday Loans in Colorado

Colorado law caps payday loan APR at 45% (includes all fees). Loans up to $500 for 6 months minimum.

Colorado is located in the West region of the United States with a population of 5,773,714.

Key Regulations:

  • Maximum APR: 45%
  • Maximum loan amount: $500
  • Maximum term: 180 days
  • Rollovers not allowed
  • Regulated by Colorado Attorney General

Regulatory Authority: Colorado Attorney General
Official Website: https://coag.gov/

Representative Example APR in Colorado

Payday and small-dollar loan costs vary by lender, amount, and state rules. The example below shows how fees can translate into APR on a short-term loan.

Loan amount Term Fee per $100 Total repayment Equivalent APR
$500 14 days $15 $575 391%

Example only. Actual APR and total repayment in Colorado depend on lender pricing, term length, and state compliance limits.

Cities in Colorado

Denver

Pop: 600,158

View Lenders →
Browse all 1 city pages in Colorado
Denver

Frequently Asked Questions – Colorado

Are payday loans legal in Colorado?
Yes, payday loans are legal (regulated) in Colorado. The state is regulated by the Colorado Attorney General, which oversees all payday lenders. Colorado law caps payday loan APR at 45% (includes all fees). Loans up to $500 for 6 months minimum.
What is the maximum payday loan amount in CO?
The maximum payday loan amount in Colorado is $500. Finance charges are capped at Varies by lender. Always verify with your lender before applying.
How long do I have to repay a payday loan in Colorado?
In Colorado, payday loans typically have a maximum term of 180 days. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in CO?
Colorado law caps payday loan APR at 45% (includes all fees). Loans up to $500 for 6 months minimum.
How do I find licensed payday lenders in Colorado?
All payday lenders in Colorado must be licensed by the Colorado Attorney General. You can verify a lender's license at https://coag.gov/. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in CO?
Most Colorado payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Colorado?
In Colorado, the maximum APR is 45%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in CO?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

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Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Colorado may change. Always verify current regulations with the Colorado Attorney General before applying. Credizen is a comparison platform and we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you are matched with.

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