Installment Loans in Colorado

Installment loans in Colorado: the rules

Rules marked "medium confidence" were checked against a published copy of the statute because the official site was unavailable to us. Confirm them with the official text before relying on them.

• A consumer loan that is not a supervised loan can carry a finance charge of at most 12 percent a year on the unpaid balance. Source: Colo. Rev. Stat. 5-2-201(1) · verified Oct 9, 2026 · medium confidence
• A supervised revolving credit account can carry a finance charge of at most 21 percent a year on the unpaid balance. Source: Colo. Rev. Stat. 5-2-201(3)(a) · verified Oct 9, 2026 · medium confidence
• For a loan of $1,000 or less, a supervised lender may instead charge an acquisition charge of at most 8 percent of the amount financed (from January 1, 2024), plus a monthly handling charge of $8.50 to $17.50 depending on the amount. Source: Colo. Rev. Stat. 5-2-214(1) · verified Oct 9, 2026 · medium confidence
• A loan using the alternative charges for loans of $1,000 or less must run at least six months and at most twelve months (from January 1, 2024), with substantially equal installments. Source: Colo. Rev. Stat. 5-2-214(2) · verified Oct 9, 2026 · medium confidence
• A supervised installment loan of $1,000 or less must be scheduled over no more than 25 months (37 months if the principal is more than $1,000, up to $3,000). Source: Colo. Rev. Stat. 5-2-308(1) · verified Oct 9, 2026 · medium confidence
• On a supervised loan, the finance charge can be up to 36 percent a year on the part of the unpaid balance of $1,000 or less, 21 percent on the part from $1,000 to $3,000, and 15 percent on the part above $3,000 (or 21 percent on the whole balance, if greater). Source: Colo. Rev. Stat. 5-2-201(2) · verified Oct 9, 2026 · medium confidence

Lenders in Colorado are licensed by the Colorado Attorney General, UCCC Administrator. See also online lenders and apps in Colorado.