Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Installment Loans in Aurora, CO
When the car needs a $1,800 repair or an urgent household expense comes up in Aurora, an installment loan lets you borrow a fixed amount and repay it in equal monthly payments over several months or years. Our local directory lists 13 licensed branch offices operated by 5 lending companies in Aurora, CO. The largest networks in Colorado are ACE Cash Express, OneMain Financial and Check Into Cash. Every licensed installment lender in Aurora must follow the Colorado Uniform Consumer Credit Code, which is enforced by the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code and caps the all-in APR on a $2,000 loan at 36% or less. Specifically, the maximum all-in APR on a $2,000, 24-month installment loan in Colorado is 31%.
Your CU Partner is a free, independent educational resource, not a lender or loan broker, and we do not make loan decisions. According to the U.S. Census Bureau, the median annual household income in Aurora is $96,208. Typical renters in Aurora also face a median monthly rent of $1,885. Even with Colorado's rate cap protecting Aurora borrowers, upfront origination fees and optional credit insurance can still increase your monthly bill, so always read the Truth in Lending disclosure box before signing and compare local finance company offers with credit unions serving Aurora. 4 credit unions are headquartered in Aurora.
Licensed lender offices in Aurora, CO
The table below shows the addresses, phone numbers, business hours, and Google ratings for licensed lenders in Aurora, CO. We list these licensed businesses neutrally for your convenience and do not endorse, rank, or recommend any company. Before visiting a Aurora branch, call ahead to confirm office hours and required documents, and verify the lender's license with the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code or on NMLS Consumer Access (nmlsconsumeraccess.org).
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10390 E Colfax Ave Aurora, CO 80010 | (303) 340-2658 | — | 4.8 |
| 1155 S Havana St Unit 12 Aurora, CO 80012 | (303) 873-6498 | — | 4.9 |
| 15034 E Mississippi Ave Aurora, CO 80012 | (303) 745-7519 | — | 4.5 |
| 15037 E Colfax Ave Unit Q Aurora, CO 80011 | (303) 367-9442 | — | 4.8 |
| 3105 S Peoria St B Aurora, CO 80014 | (303) 283-9941 | — | 4.4 |
| 636 Peoria St B Aurora, CO 80011 | (303) 341-7295 | — | 4.8 |
| 10305 E Colfax Ave Aurora, CO 80010 | (303) 360-6669 | — | 4.8 |
| 12862 E Mississippi Ave Aurora, CO 80012 | (303) 873-6669 | — | 4.8 |
| 16880 E Iliff Ave Aurora, CO 80013 | (303) 755-6669 | — | 4.9 |
| 14605 E Arapahoe Rd Unit F Aurora, CO 80016 | (720) 372-1090 | — | 4.3 |
| 15025 E Mississippi Ave Aurora, CO 80012 | (303) 751-7745 | — | 4.1 |
| 15051 E Mississippi Ave Aurora, CO 80012 | (303) 755-5626 | — | 4.9 |
| 16950 E Iliff Ave Aurora, CO 80013 | (303) 283-9152 | — | 4.3 |
What a $2,000 loan costs for a typical Aurora household
Understanding how a monthly loan payment fits into a Aurora budget starts with looking at dollars rather than percentages alone. At the Colorado maximum APR of 31%, a $2,000 installment loan repaid over 24 months has a monthly payment of $113. Over the full 24-month schedule, the total interest and mandatory fees on that loan equal $709. Based on U.S. Census Bureau figures, the median annual household income in Aurora is $96,208. A monthly loan payment of $113 equals 1.4% of a typical Aurora household's gross monthly income. That payment must fit alongside a median monthly rent in Aurora of $1,885. For other loan sizes in Colorado, the maximum all-in APR is 72% on a $500, 6-month loan and 21% on a $10,000, 60-month loan. By comparison, a federal credit union Payday Alternative Loan (PAL) under NCUA rules lets eligible members borrow $200 to $2,000 for 1 to 12 months at no more than 28% APR plus a maximum $20 application fee, and many federal credit unions are capped at 18% APR on most other personal loans ($100 per month and $396 in total interest on $2,000 over 24 months).
Installment loan payment and real APR calculator
- Monthly payment (with insurance)
- —
- Total interest
- —
- Total origination fee and insurance
- —
- Total repaid over loan term
- —
- Real all-in APR (including fees and insurance)
- —
How this loan compares with other options
| Monthly payment (with insurance) | Total cost | Total repaid over loan term | |
|---|---|---|---|
| This installment loan offer | |||
| Same loan at the Colorado maximum rate (31% APR) | |||
| Federal credit union PAL (28% APR + $20 fee) | |||
| Payday loan renewed every two weeks | Not legal in Colorado | ||
Month-by-month amortization and payment schedule
| Month | Payment | Interest | Principal | Remaining balance |
|---|
These figures are estimates for educational comparison only. The calculator uses standard simple-interest monthly amortization, assumes the origination fee is deducted from the loan proceeds you receive at closing, and adds any optional monthly insurance charge to each monthly payment to compute the real all-in APR. Actual loan offers may differ if a lender adds fees or single-premium insurance directly to your principal balance or uses precomputed interest, so always check the written Truth in Lending disclosure box before signing.
What to bring and what happens at the branch in Aurora
- Government-issued photo ID and minimum age of 18. To apply for an installment loan at a licensed branch in Aurora, you must be at least 18 years old, which is the minimum legal borrowing age in Colorado. Bring an unexpired state driver's license, state ID card, or U.S. passport so the staff can verify your identity.
- Proof of income and proof of Aurora residence. Branch underwriters check your ability to repay by reviewing recent pay stubs, tax returns, or benefit award letters along with a utility bill or lease agreement showing your Aurora address.
- Active bank account information and credit check questions. Bring a voided check or bank statement showing your account and routing numbers if you want loan proceeds deposited electronically or plan to set up monthly payments. Ask the loan officer whether the lender reports on-time payments to the major credit bureaus, as many licensed installment lenders report payment history.
- Signing the contract, receiving funds, and confirming your first payment date. Once you confirm that any unwanted add-ons are removed and the APR complies with the Colorado cap, you sign the loan agreement and receive your funds by check, prepaid card, or bank deposit. Make sure you leave the Aurora office with a complete paper copy of your contract showing the exact dollar amount of each monthly payment, your first payment due date, and confirmation that you can prepay early without penalty.
Installment loan FAQ: Aurora
Where can I find a licensed installment lender in Aurora, CO?
You can review the branch table on this page to compare addresses, phone numbers, and hours for licensed lenders in Aurora. Our directory currently lists 13 branch offices across 5 licensed companies in Aurora. Always verify that any lender you consider holds an active Supervised Lender License with the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code or through NMLS Consumer Access (nmlsconsumeraccess.org).
What is the maximum interest rate on a $2,000 installment loan in Aurora?
Licensed lenders in Aurora must obey the Colorado Uniform Consumer Credit Code, which sets statewide rate caps enforced by the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code. How Colorado sets the limit: For small loans up to $1,000 under Colo. Rev. Stat. § 5-2-214, an acquisition charge of 8% of the amount financed plus a monthly installment account handling charge up to $11.50/month (adjusted). For larger supervised loans under § 5-2-201, the greater of 21% or a tiered rate of 36% on the first $1,000, 21% on $1,000–$3,000, and 15% on the remainder above $3,000. For a $2,000 loan over 24 months, the maximum all-in APR is 31%, which results in a monthly payment of $113 and $709 in total interest and mandatory fees. If an online lender quotes a rate above Colorado's legal ceiling to a Aurora resident, treat it as a red flag.
Are there lower-cost alternatives to finance companies in Aurora?
Yes, credit unions serving Aurora are often the lowest-cost source for small personal loans. Under NCUA rules, federal credit unions can offer Payday Alternative Loans (PALs) from $200 to $2,000 for 1 to 12 months at a maximum 28% APR plus up to a $20 application fee, and many federal credit unions are capped at 18% APR on most other personal loans. In addition, active-duty servicemembers and dependents in Aurora are protected by the Military Lending Act's 36% MAPR cap.
What happens if I miss a payment at a Aurora installment loan branch?
If you miss a monthly payment in Aurora, the lender can charge a permitted late fee, report the late payment to credit bureaus, and initiate collection efforts or a civil court lawsuit for the unpaid balance. You cannot be arrested or sent to jail for failing to pay a consumer loan in Aurora or anywhere in Colorado. If a lender or collector breaks the law or misrepresents your contract, file a complaint with the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code and the CFPB (consumerfinance.gov).
Installment loans in cities near Aurora, CO
More small-dollar borrowing guides for Colorado
How we get our numbers: Maximum all-in APRs for Colorado come from our review of the Colorado Uniform Consumer Credit Code and the state-by-state surveys of the National Consumer Law Center (NCLC); monthly payments and total dollar costs are calculated at those APRs with standard simple-interest amortization. Office counts for Aurora come from our directory of storefront lender locations, compiled from company websites and public map listings. Federal credit union PAL benchmarks come from the NCUA, payday loan figures come from the CFPB, and Aurora median household income and monthly rent come from U.S. Census Bureau American Community Survey data.
If you have a problem with an installment lender, believe you were charged fees or rates above the legal limit, or were pressured into buying optional insurance, you can file a formal complaint with the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov or by calling (855) 411-2372, and with the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code. You can also check whether a lender holds an active state license through the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code and NMLS Consumer Access at nmlsconsumeraccess.org.
Your CU Partner is a free, independent educational website and is not a lender, loan broker, or financial advisor. We do not make credit decisions or endorse any licensed lender listed in our directory. Nothing on this page is legal or financial advice, and state lending statutes, fee schedules, and license statuses change over time; always verify current rules and license numbers directly with the Colorado Office of the Attorney General, Administrator of the Uniform Consumer Credit Code and read your federal Truth in Lending Act disclosure box before signing any loan agreement.