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 Loveland, CO
When the car needs a $1,800 repair or an urgent household expense comes up in Loveland, 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 1 licensed branch offices operated by 1 lending companies in Loveland, CO. The largest networks in Colorado are ACE Cash Express, OneMain Financial and Check Into Cash. Every licensed installment lender in Loveland 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 Loveland is $84,434. Typical renters in Loveland also face a median monthly rent of $1,682. Even with Colorado's rate cap protecting Loveland 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 Loveland.
Licensed lender offices in Loveland, CO
The table below shows the addresses, phone numbers, business hours, and Google ratings for licensed lenders in Loveland, CO. We list these licensed businesses neutrally for your convenience and do not endorse, rank, or recommend any company. Before visiting a Loveland 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 |
|---|---|---|---|
| 104 E 29th St Unit 3 Loveland, CO 80538 | (970) 962-9196 | — | 4.6 |
What a $2,000 loan costs for a typical Loveland household
Understanding how a monthly loan payment fits into a Loveland 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 Loveland is $84,434. A monthly loan payment of $113 equals 1.6% of a typical Loveland household's gross monthly income. That payment must fit alongside a median monthly rent in Loveland of $1,682. 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
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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 |
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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 Loveland
- Government-issued photo ID and minimum age of 18. To apply for an installment loan at a licensed branch in Loveland, 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 Loveland 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 Loveland 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 Loveland 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: Loveland
Where can I find a licensed installment lender in Loveland, CO?
You can review the branch table on this page to compare addresses, phone numbers, and hours for licensed lenders in Loveland. Our directory currently lists 1 branch offices across 1 licensed companies in Loveland. 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 Loveland?
Licensed lenders in Loveland 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 Loveland resident, treat it as a red flag.
Are there lower-cost alternatives to finance companies in Loveland?
Yes, credit unions serving Loveland 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 Loveland are protected by the Military Lending Act's 36% MAPR cap.
What happens if I miss a payment at a Loveland installment loan branch?
If you miss a monthly payment in Loveland, 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 Loveland 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 Loveland, 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 Loveland 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 Loveland 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.