Small Installment Loans in Denver

Are Payday Loans Legal in Denver, CO?

Yes, payday loans are legal in Denver, but Colorado has strict rules to protect borrowers. Unlike many states, Colorado doesn't allow traditional "payday loans" that force you to repay everything in just 2-4 weeks. Instead, loans here work like small installment loans that you pay back over at least 6 months.

Who Can Get an Installment Loan in Denver?

To get an installment loan in Denver, CO, you must meet certain eligibility requirements set by both state laws and individual lenders. Here's what you need to qualify:

• Be at least 18 years old
• Be a resident of Colorado with a valid address
• Have a government-issued ID (such as a driver's license or passport)
• Show proof of income (employment, Social Security, disability benefits, or another verifiable source)
• Have an active checking account for direct deposit and repayments
• Provide a valid phone number and email address for communication

Some lenders may have additional requirements if you credit score is below average.

How to Apply for an Installment Loan in Denver?

1. Find a trustworthy lender: Check if they're licensed with the Colorado Attorney General's Office.

2. Fill out an application: You'll share basic info (name, address, Social Security number), proof of income, and ID. Many lenders let you apply online. You can apply with each lender yourself or use LendUp's one-application approach to save time.

3. Get approved: If you qualify, the lender will send a loan agreement. Read it carefully! Make sure you understand the monthly payment, total cost, and any fees (like for paying off the loan early).

4. Get your money: Funds usually hit your bank account in 1-3 days.

Can You Get an Installment Loan in Denver with Bad Credit?

Yes, you can get an installment loan in Denver even if you have bad credit. Colorado's laws make it easier for people with lower credit scores to qualify compared to many other states. However, there are some important things to know before applying.

Many lenders in Denver will not check your credit. Instead, they focus on whether you have a steady income and can repay the loan.

How Fast Can You Get an Installment Loan in Denver?

In Denver you can often get an installment loan the same day you apply, especially if you're prepared with the right documents and choose a lender that offers quick processing. Many online lenders or local credit unions can approve your application within a few hours and deposit funds into your bank account by the next business day.

Some online lenders even offer same-day funding if you apply early enough. For example, if you apply by noon on a weekday, you might see the cash in your account by 5 p.m.

LendUp's Tip: Keep in mind that some banks take longer to accept the funds. Also if you're slow to send proof of income or ID, it slows everything down.

How Expensive are Denver Installment Loans?

Below are estimated monthly payments and total repayment amounts for different loan amounts at a 36% APR.

Loan Amount	APR	Duration	Monthly Payment	Total Repayment
$500	36% APR	6 Months	$98.33 per month	$590.00 Total
$1,000	36% APR	9 Months	$141.11 per month	$1,270.00 Total
$1,500	36% APR	12 Months	$170.00 per month	$2,040.00 Total
$2,000	36% APR	18 Months	$171.11 per month	$3,080.00 Total
$2,500	36% APR	24 Months	$179.17 per month	$4,300.00 Total

Your actual loan terms will be provided by the lender in your loan agreement.

Where Can I Get a Loan Near Me in Denver?

Lender	Services Offered	Address	Contact
ACE Cash Express	Installment Loans, Check Cashing, MoneyGram® Money Orders, Bill Pay Services	1595 W 48th Ave, Denver, CO 80221	(303) 458-3620
Check Into Cash	Payday Loans, Installment Loans, Title Loans, Cash Advances	1550 S Colorado Blvd, Unit 101, Denver, CO 80222	(303) 759-4031
Speedy Cash	Payday Loans, Installment Loans, Title Loans, Check Cashing	6501 E Evans Ave, Denver, CO 80224	(303) 686-2274
Moneytree	Payday Loans, Installment Loans, Check Cashing, Money Orders, Bill Payment, Western Union® Transfers	5700 E Colfax Ave, Denver, CO 80220	(303) 331-0950
Advance America	Payday Loans, Installment Loans, Title Loans, MoneyGram® Services	2001 W 48th Ave, Denver, CO 80221	(303) 433-4545
Cash America Pawn	Pawn Loans, Installment Loans, Payday Loans, Check Cashing	2045 S Federal Blvd, Denver, CO 80219	(303) 936-2274
LoanMax Title Loans	Title Loans, Installment Loans	1400 W Alameda Ave, Denver, CO 80223	(303) 922-9100
Checkmate	Payday Loans, Installment Loans, Check Cashing	1865 S Federal Blvd, Denver, CO 80219	(303) 936-6666
Fast Cash Pawn & Payday Loans	Pawn Loans, Payday Loans, Installment Loans, Check Cashing	4905 E Colfax Ave, Denver, CO 80220	(303) 355-7296
American Title Loans	Title Loans, Installment Loans	3480 W Alameda Ave, Denver, CO 80219	(303) 922-6222

Why Choose LendUp for Installment Loans in Denver?

LendUp makes it fast and easy to find an installment loan in Denver by connecting you with multiple lenders in one place. Instead of spending hours searching for loan options, you can fill out a simple online application and get multiple offers in just minutes. This gives you more choices and a better chance of approval.

Many borrowers get approved the same day and money can be deposited as soon as the next business day. Since the whole process is online, you don't have to visit a store, wait in long lines, or deal with paperwork. LendUp helps you compare different loan amounts, repayment terms, and interest rates, so you can pick the option that fits your budget.