Best Personal Loans in Colorado Springs, CO

Vectra Bank Colorado is the best personal loan lender in Colorado Springs, Colorado, with a MoneyGeek score of 96 out of 100. Its A+ rating from the BBB demonstrates its solid reputation. It is also a member of the FDIC, and borrowers can have full confidence in its stability. Borrowers benefit from a 0.25% rate discount with autopay, making it an attractive option for those looking for long-term savings. However, the minimum loan amount is $2,500, which might be higher than some need. Additionally, it does not offer a prequalification process, so borrowers need to commit to a complete application to check their eligibility.

Laurel Road is the best online lender for personal loans in Colorado Springs, Colorado, with a MoneyGeek score of 93 out of 100. Its personal loan offerings include a loan amount ranging from $5,000 to $45,000 and repayment terms from 36 to 60 months. Borrowers can appreciate the 0.25% autopay discount and the absence of origination fees. However, applicants should be aware of the high minimum loan amount requirement and a late fee policy that imposes a 5% or $28 charge for missed payments.

Aventa Credit Union is the runner-up for the best personal loans in Colorado Springs, Colorado, with a MoneyGeek score of 95 out of 100. It allows joint applications, making it easier for borrowers to qualify by combining income sources. It also offers a competitive APR as low as 9.49%, appealing to those looking for affordable borrowing options. However, membership is needed to apply, which might not be suitable for everyone. Another point to note is the lack of a prequalification option, which could make it challenging to gauge eligibility without impacting credit scores.

Air Academy Credit Union is a strong choice for personal loans in Colorado Springs, Colorado, with a MoneyGeek score of 94 out of 100. It has four branches in the area and accepts joint applications, making the loan process more accessible for couples or co-applicants. However, membership is needed to apply, which may limit access for some. Additionally, there is no option to prequalify, which means you cannot gauge your loan eligibility without undergoing a full credit check.

Credit Union of Colorado, with a MoneyGeek score of 93 out of 100, is another good option for personal loans in Colorado Springs, Colorado. It is federally insured by the NCUA and holds a BBB rating of A+. However, its borrowing limit is $50,000, and there is no option to prequalify.