Representative Example In Colorado
On an assumed loan amount of $500 over 6 months. Indicative rate of interest 18% (fixed). Representative 36% APR. Financing fees of $180. Total repayment amount $923.09 and total interest is $63.09. 6 monthly repayments of $123.85.
Payday Loans in Denver and Colorado - Apply Online
Find a Colorado payday loan to suit your financial circumstances! Capital Bean can help you quickly access cash to overcome any unexpected bills or expenses. Apply today and you could receive the funds in less than an hour.
Do You Need A Payday Loan in Colorado?
Maybe your bills have been higher than you thought this month or you need to pay an emergency car or roof repair. Whatever the reason, Capital Bean is here to help you find the right payday loan for your circumstances.
How Can I Apply For A Payday Loan In Colorado?
Step 1
Apply Online
Use our 100% free online form to apply in less than 5 minutes on your phone or laptop.
Step 2
Instant Decision
You will receive an instant decision on your laptop, tablet or ipad from one of our lending partners who will offer the best rates for your circumstances.
Step 3
Receive Money
Within 1 hour, the same day or the next business day you will get your funds in your nominated bank account that you provided in your application.
Is A Colorado Payday Loan The Right Product For Me?
The majority of Capital Bean’s borrowers work with us to get through a short-term financial challenges that could include car repairs, medical expenses, or issues with your house. After your application is approved by our panel of lenders the money could be in your bank within 1 hour, 24 hours or the next business day!
Capital Bean helps people in Colorado find a payday loan with the best options:
- Instant decisions
- Flexible repayment options
- Options for borrowers with poor credit
- Online loan request form
Payday loans should never be used for long-term debt or financial problems. Payday loans should be used for emergency short-term expenses only to get you out of a tight spot until the next pay day. If you use them as a long-term financial solution then it could be more harmful in the long run.
Always read the lender’s T&Cs (terms and conditions) carefully to make sure that you can truly afford to repay the loan amount that you are borrowing. Not only that you can repay it, but you can repay it in the time that you have specified. If you can’t make a repayment on the due date for any reason then you might have to pay more interest which could have a negative impact on your credit score.
Rules And Regulations For Colorado Payday Lending
Payday loans are legal in the state of Colorado but operate with limits. There is a $500 maximum limit on payday loan amounts, also known as deferred deposit loans. For any borrowers, all outstanding loans should not exceed $500 at one given time. There is a minimum loan term which is 180 days. Also, like other states, Colorado has an interest rate cap in place, meaning that the finance charge must not exceed an APR of 36%.
Read the full terms and conditions below:
| Legal Status | Legal |
|
Interest Rate (APR)
|
36% |
| Minimum Loan Amount | Not Specified |
| Maximum Loan Amount | $500 |
| Minimum Loan Term | 6 months (180 days) |
| Maximum Loan Term | Not Specified |
| Number of Rollovers | 1 |
| Finance Charges | no more than 36% of the loan |
| Statute of Limitations | 3 years (from the last payment) |
| Database Loan Tracking | No |
Reference: Colorado General Assembly
Am I Eligible For A Payday Loan in Colorado?
To save time and disappointment, check whether you are eligible for a loan before completing the online request form. To take out a payday loan in Colorado, there are four essential eligibility requirements.
- 18 years or older
- A US resident
- Have an active checking account
- Have an active cell phone account
- Make over $800 per month
- Be in regular employment
How Much Does A $400 Payday Loan In Colorado Cost?
If you were to take out a 6-month installment payday loan in Colorado for $500 you would pay back a total of $726.39.
This is assuming you borrow the maximum amount ($500), for the maximum time period (6 months) and get the maximum finance charges (36% of the loan)
The repayment of $726.39 is made up of $46.39 in interest, $180 in finance charges, and paying back the $500 principal cost. This would mean you would pay 6 equal repayments of $121.
The above is a representative example and terms differ from lender to lender.
Can Capital Bean Help You Find A Payday Loan In Colorado?
If you are in Colorado and need quick access to cash between paychecks, Capital Bean can help you gain quick access to money. There are many reasons why you may need to quickly access funds, be it an unexpected home or car repair or an unanticipated medical bill. Our online services are quick and easy to use and can help you find a payday loan anywhere in Colorado. Apply today and get a decision in minutes!
What Is The Process To Request A Loan In Colorado?
The process is simple and straightforward and to get started click on the ‘Apply Now’ button below. This will take you directly to the online form. You will then need to answer some simple questions about how much you wish to borrow and over how much time. You will also be asked for a few personal details including your income, monthly expenditure and employment status.
Where Can I Get A Payday Loan in Colorado?
We work with lenders across the whole of Colorado, and across the United States. Using our online quote form we will be able to match you with a lender in your area. Below we’ve listed the cities and towns in Colorado where we work.
Denver, CO
Colorado Springs, CO
Aurora, CO
Fort Collins, CO
Lakewood, CO
Thornton, CO
Arvada, CO
Westminster, CO
Pueblo, CO
Greeley, CO
Highlands Ranch, CO
Centennial, CO
Boulder, CO
Longmont, CO
Loveland, CO
Castle Rock, CO
Broomfield, CO
Grand Junction, CO
Commerce City, CO
Parker, CO
Littleton, CO
Brighton, CO
Security-Widefield, CO
Northglenn, CO
Windsor, CO
Dakota Ridge, CO
Ken Caryl, CO
Englewood, CO
Pueblo West, CO
Wheat Ridge, CO
Erie, CO
Lafayette, CO
Fountain, CO
Columbine, CO
Evans, CO
Four Square Mile, CO
Louisville, CO
Clifton, CO
Montrose, CO
Golden, CO
Durango, CO
Sherrelwood, CO
Cimarron Hills, CO
Johnstown, CO
Cañon City, CO
Firestone, CO
Fort Carson, CO
Frederick, CO
Greenwood Village, CO
Welby, CO
Lone Tree, CO
Federal Heights, CO
Sterling, CO
Fruita, CO
Steamboat Springs, CO
Superior, CO
Black Forest, CO
Castle Pines, CO
Wellington, CO
Berthoud, CO
Cherry Creek, CO
Fort Morgan, CO
Berkley, CO
Monument, CO
Rifle, CO
Gunbarrel, CO
Glenwood Springs, CO
The Pinery, CO
Stonegate, CO
Alamosa, CO
Severance, CO
Fairmount, CO
Evergreen, CO
Edwards, CO
Delta, CO
Derby, CO
Roxborough Park, CO
Craig, CO
Redlands, CO
Cortez, CO
Milliken, CO
Gypsum, CO
Woodmoor, CO
Fruitvale, CO
Trinidad, CO
Applewood, CO
Fort Lupton, CO
Lochbuie, CO
Woodland Park, CO
Timnath, CO
Lamar, CO
Twin Lakes CDP, CO
Eagle, CO
La Junta, CO
Aspen, CO
Gunnison, CO
Carbondale, CO
Dacono, CO
Orchard Mesa, CO
Air Force Academy, CO
Can I Get A Colorado Payday Loan If I Have Bad Credit?
In the state of Colorado, those with very bad credit could still find a payday loan, even if you have been turned down by an app or credit union or bank in the past. We know that everyone makes mistakes and needs an opportunity to rebuild their financial strength. We work with borrowers from all backgrounds from cities and towns across Colorado. We know that we can help you find the right payday loan for your circumstances today.
How Can I Find A Payday Loan In Colorado?
The application process for Colorado payday loans is 100% online. This means that with Capital Bean you can access funds from your phone or tablet in the comfort of your own house. Our application process can be completed in under 5 minutes and the decision is made instantly by our lenders.
We aim to make the payday loan process as quick and easy as possible meaning that you could have the money in your account in less than 60 minutes!
At Capital Bean, we understand the need for speed. When you’re met with unexpected expenses, your main priority is getting quick and safe access to money. That is why with our fast, online application, we can get you approved within minutes and get funds to you in under an hour!
If you are experiencing long-term financial problems or looking to take out money over a long period of time, payday loans are probably not the answer. Always read the lender’s terms and conditions before making an application and make sure that you are taking out the loan for the right reason.
What Are The Repayment Terms Of A Payday Loan In Colorado?
The terms and conditions of your loan will vary depending on which lender you decide to work with. If you are borrowing less than $1,000 (a small loan) then we find that people typically repay this amount within 2-4 weeks.
If you’re borrowing over $1,000 (up to $35,000) these payments are usually spread over a longer period of time. In Colorado, loan terms have a minimum of 180 days.
How Fast Can I Get A Payday Loan?
If you complete our 100% online request form, you can receive a decision about your loan approval in minutes. Successful applications could even receive the funds directly into your account on the same day.
Capital Bean aims to make the process as fast and straightforward as possible. That is why we work with multiple lenders across Colorado to help get the money to you as quickly as possible. Successful applications can receive money from the lender straight into their account in as little as an hour.
To speed up the process and to help you get fast access to funds, make sure you have relevant information ready to fill out the form such as your bank account details. If you are wanting to receive the decision as quickly as possible, make sure to submit your application during Colorado working hours as this is when the majority of loans are approved. Being able to respond quickly to any queries or document requests will make it more likely that your loan is approved.
Frequently Asked Questions In Colorado
What's the maximum and minimum I can borrow?
Payday loan amounts range from $100 to $35,000; however the state of Colorado operates with a maximum loan amount of $500.
If I Have Bad Credit Can I Still Get A Payday Loan?
Absolutely, yes. Capital Bean works with a wide range of people with different credit histories. This also includes those that have a bad credit history or score.
What's The Maximum And Minimum Duration Of A Loan?
At Capital Bean you can borrow to be repaid over a maximum period of 5 years. Some of our shortest loans are repaid in 2 weeks depending on the amount.
Is Capital Bean A Lender?
Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate in Colorado. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.
How Much Does It Cost To Submit A Payday Loan Request In Colorado?
There are no fees to submit a payday loan request in Colorado via Capital Bean’s online application service.
How Quickly Can I Get The Funds Through?
If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.
