CashAdvance.io

Colorado lender directory

Payday Loans in Colorado: Rates Capped at 36%. Here Are the Legal Options

We list no payday loan stores in Colorado, and Colorado law caps what lenders can charge. Below is what the law says, and the licensed ways to borrow in Colorado that we track.

What Colorado law says

The finance charge on a payday (deferred deposit) loan cannot exceed an annual percentage rate of 36 percent, and a lender may charge only the charges the Deferred Deposit Loan Act expressly allows.

Source: Colo. Rev. Stat. 5-3.1-105 · verified Oct 9, 2026

A loan to someone in Colorado has to stay within this limit unless the lender is licensed or otherwise authorized by Colorado law to charge more. We list no payday loan stores in Colorado; the licensed options we track are below.

Related rules

  • A payday lender may charge only the charges expressly authorized in the Deferred Deposit Loan Act, so origination and monthly maintenance fees are not allowed. Source: Colo. Rev. Stat. 5-3.1-105 · verified Oct 9, 2026
  • If a payday loan is prepaid before maturity, the lender must refund a prorated portion of the finance charge. Source: Colo. Rev. Stat. 5-3.1-105 · verified Oct 9, 2026
  • The voters declared their intent to lower the maximum authorized finance charge for payday loans to an annual percentage rate of 36 percent (Proposition 111, effective February 1, 2019). Source: Colo. Rev. Stat. 5-3.1-101.5 · verified Oct 9, 2026
  • A payday lender cannot lend more than $500, and the amount financed by any one lender to a consumer at any time cannot exceed $500. Source: Colo. Rev. Stat. 5-3.1-106(1) · verified Oct 9, 2026
  • A lender may make more than one payday loan to a consumer only if the total at any one time stays within $500 and there is at least a 30-day waiting period between loans. Source: Colo. Rev. Stat. 5-3.1-106(1) · verified Oct 9, 2026
  • A consumer can rescind a payday loan on or before 5 p.m. the next business day after the loan transaction. Source: Colo. Rev. Stat. 5-3.1-106(2) · verified Oct 9, 2026
  • A payday loan cannot be renewed more than once; after the renewal the consumer must pay the debt in cash or its equivalent. Source: Colo. Rev. Stat. 5-3.1-108(1) · verified Oct 9, 2026
  • On renewal of a payday loan, the lender may assess a finance charge that does not exceed an annual percentage rate of 36 percent. Source: Colo. Rev. Stat. 5-3.1-108(2) · verified Oct 9, 2026
  • If the consumer's check or debit authorization is returned unpaid, the lender may charge one returned instrument charge per loan of at most $25, plus court costs and reasonable attorney fees (capped at the loan amount). Source: Colo. Rev. Stat. 5-3.1-112 · verified Oct 9, 2026
  • No one may make payday loans without a supervised lender's license, and a separate license is required for each location where the business is conducted. Source: Colo. Rev. Stat. 5-3.1-116 · verified Oct 9, 2026

Licensed lenders in Colorado

These types of lenders operate legally in Colorado, each under its own rules and costs. Compare the total cost before you borrow.

If someone offers you a payday loan in Colorado

Some lenders based in other states or online still advertise payday loans to Colorado residents. A loan from a lender that is not licensed in Colorado may not come with the protections that licensed lenders must give, such as cost limits and complaint rights. Before you borrow, check that the lender is licensed in Colorado.

To report a lender or ask a question, contact the Colorado Attorney General, UCCC Administrator.

Questions people ask

Are payday loans legal in Colorado?

We list no payday loan stores in Colorado. The finance charge on a payday (deferred deposit) loan cannot exceed an annual percentage rate of 36 percent, and a lender may charge only the charges the Deferred Deposit Loan Act expressly allows (Colo. Rev. Stat. 5-3.1-105).

Answers are generated from the listings and verified rules on this page; see Sources below.

Sources

Where the facts on this page come from, and when we last checked them.

  1. Colo. Rev. Stat. 5-3.1-105 · Interest rate cap Last verified Oct 9, 2026 · medium confidence
  2. Colo. Rev. Stat. 5-3.1-105 · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  3. Colo. Rev. Stat. 5-3.1-101.5 · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  4. Colo. Rev. Stat. 5-3.1-106(1), Colo. Rev. Stat. 5-3.1-106(2) · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  5. Colo. Rev. Stat. 5-3.1-108(1), Colo. Rev. Stat. 5-3.1-108(2) · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  6. Colo. Rev. Stat. 5-3.1-112 · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  7. Colo. Rev. Stat. 5-3.1-116 · Payday loans (deferred presentment) Last verified Oct 9, 2026 · medium confidence
  8. Colorado Attorney General, UCCC Administrator · Licensing and complaints Date not recorded

We re-check sources regularly and show the date each was last verified. Spotted a mistake? Tell us and we'll check it against the source.

CashAdvance is not a lender and does not take applications. Listings are information only, built from public records (such as state license lists) and lenders' own published details. Confirm hours, fees and terms with the lender before you visit or borrow.