Payday loans are not available in Colorado. Here is what the law says, how to spot unlicensed lenders and what you can do instead.
Colorado Payday Loan Regulations
Here's what fees you can expect when obtaining online payday loans in Colorado:
| Payday lending status in Colorado: | Prohibited |
|---|---|
| Reason | 36% APR cap + 6-month minimum term (Proposition 111, 2018; HB 23-1229, 2023 closed the "alternative charge loan" loophole) - effectively eliminates traditional short-term payday lending |
| APR cap | 36% |
| State Regulator | Colorado Attorney General, Consumer Credit Unit (UCCC Administrator) |
Table Data Updated: September 2026.
Above you can see what fees you can expect when obtaining online payday loans in Colorado.
Licensed Installment Lenders in Colorado
Payday Loans & Cash Advance In Colorado Near Me From Direct Lenders
Search 56 installment loan locations in Colorado by city or ZIP, or use your location to see the nearest first.
Biggest Cities for Payday Loans in Colorado
View All Cities →Payday Loans Are Not Available in Colorado
Classic payday loans are not legally available in Colorado: 36% APR cap + 6-month minimum term (Proposition 111, 2018; HB 23-1229, 2023 closed the "alternative charge loan" loophole) – effectively eliminates traditional short-term payday lending.
That protects borrowers from triple-digit rates, but it also means that a site or lender offering you a payday-style loan in Colorado deserves a hard look. Below you will find the rules, how to check a lender, and legal ways to get cash when you are short.
Why Use MaybeLoan in Colorado
- We are not a lender. We do not make loan decisions or charge you for using the site.
- We show legal options. The lenders listed on this page are licensed installment lenders, not payday lenders.
- You decide. Compare the total cost, the due date and the fees before you sign anything.
- How we are paid. Lenders may pay MaybeLoan when you apply through our links. That is how the service stays free for you.
Be careful with online lenders that offer payday-style loans in Colorado. If a lender is not licensed in the state, you can report it to the regulator.
What You Can Do Instead in Colorado
Start with the options that cost the least:
- Ask your creditor or landlord for a payment plan before the due date.
- Check whether your employer offers a paycheck advance or earned wage access.
- Look at a credit union near you in Colorado: federal credit unions can offer Payday Alternative Loans (PALs) with a capped interest rate.
- Call 211 or your county for help with rent, utilities and food.
- Compare a small loan from a licensed lender by total cost, not by monthly payment.
Who to Contact About a Lender in Colorado
Report a problem to the Colorado Attorney General, Consumer Credit Unit (UCCC Administrator).
Sources: Colorado Attorney General, Colorado General Assembly, Ballotpedia, National Law Review. Data last checked: 2026-09. This page is general information, not legal advice.
Frequently Asked Questions About Payday Loans in Colorado
