Best Personal Loans in Denver, CO

Credit Union of Denver is the best personal loan lender in Denver, Colorado, with a MoneyGeek score of 99 out of 100. It offers quality service, competitive interest rates and flexible repayment terms. Laurel Road is the best lender for online personal loans, with a MoneyGeek score of 93 out of 100. It provides strong customer service, broad repayment terms and a quick application and approval process.

MoneyGeek prioritized local lenders and scored them based on factors like interest rates, loan terms, loan application process and loan funding to gather our best city recommendations. If you're looking for national lenders, we compiled our top picks for the best personal loans in Colorado.

MoneyGeek analyzed hundreds of lenders based on a rubric that includes APR ranges, loan amounts and repayment terms, among other key areas. We use a point-based system, assigning scores according to the presence or absence of certain desirable features in various critical categories.

recency icon

Our overall analysis was completed in August 2024. Here we considered banks and credit unions with brick and mortar locations in Denver, Colorado. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Denver, CO

Company logo for Credit Union of Denver
Credit Union of Denver

MoneyGeek Score99
APR RangeFrom 8.49%
Loan Amount RangeFrom $250
Repayment TermsUp to 60 months
Time to Receive FundsUndisclosed
Overview

Credit Union of Denver is the best personal loan lender in Denver, Colorado, with a MoneyGeek score of 99 out of 100. It is federally insured by the NCUA, providing an added layer of security. Additionally, you can borrow as little as $250, making it flexible for various financial needs. However, it doesn't offer rate discounts that some other lenders might have. It also doesn't allow prequalification, which means you can't check your rate without affecting your credit score.

Best Online Personal Loan in Denver, CO

Company logo for Laurel Road
Laurel Road

MoneyGeek Score93
APR Range9.49% to 24.50%
Loan Amount Range$5,000 to $45,000
Repayment Terms36 to 60 months
Time to Receive FundsWithin 7 Days
Overview

Laurel Road is the best online lender for personal loans in Denver, Colorado, with a MoneyGeek score of 93 out of 100. Its personal loan offerings range from $5,000 to $45,000 with repayment terms of 36 to 60 months; typically, funding is received within seven days. Borrowers will find the option to change the payment due date and a 0.25% autopay discount particularly appealing. However, the high minimum loan amount and the late fee of 5% or $28 may influence the overall cost of the loan.

Calculate Your Monthly Payment in Denver, CO

The United States Census Bureau reported that the median annual household income in Denver, Colorado, in 2022 was $88,213. Whether your income is above or below this median value, your ability to afford the monthly loan payments is key. Use our personal loan calculator to estimate your monthly loan payments and the total loan cost by entering the loan amount, rate and terms.

For example, if you take out a $10,000 personal loan with a 10% interest rate and three-year repayment term, your monthly payment would be $323, totaling $3,876 per year. This amount represents approximately 4% of the median annual household income in Denver, Colorado.

Personal Loan Calculator

Estimate the monthly payment for your loan.

Updated: Nov 21, 2024

5 Years
Shield Insurance

Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Runner-Up for Best Personal Loan in Denver, CO

Company logo for Zing Credit Union
Zing Credit Union

MoneyGeek Score94
APR Range9.99% to 18.00%
Loan Amount RangeUndisclosed
Repayment TermsUp to 60 months
Time to Receive FundsUndisclosed
Overview

Zing Credit Union is the runner-up for the best personal loans in Denver, Colorado, with a MoneyGeek score of 94 out of 100. It has a BBB rating of A+, ensuring trustworthiness. It offers an APR as low as 9.99%, which is competitive. However, there is no option to prequalify for its loans, requiring borrowers to commit without that initial flexibility. Additionally, it doesn't disclose loan eligibility requirements upfront, potentially causing uncertainties for potential applicants.

Other Options for Personal Loans in Denver, CO

Partner Colorado Credit Union

MoneyGeek Score93
APR RangeFrom 10.24%
Loan Amount RangeUp to $30,000
Repayment Terms0 to 60 months
Time to Receive FundsUndisclosed
Overview

Partner Colorado Credit Union is a suitable choice for personal loans in Denver, Colorado, with a MoneyGeek score of 93 out of 100. It is federally insured by the NCUA, providing added security for its members. The lender also allows joint applications, making it easier for borrowers to qualify for loans with better terms. However, it does not allow prequalification, which can be limiting for those wanting to check potential rates without affecting their credit score. The maximum loan amount is $30,000, which might not be sufficient for borrowers needing larger sums.

Company logo for Denver Fire Department Federal Credit Union
Denver Fire Department Federal Credit Union

MoneyGeek Score91
APR RangeFrom 9.59%
Loan Amount RangeUndisclosed
Repayment Terms12 to 48 months
Time to Receive FundsUndisclosed
Overview

Denver Fire Department Federal Credit Union is a solid option for personal loans in Denver, Colorado, with a MoneyGeek score of 91 out of 100. It offers an appealing APR starting at 9.59%. It maintains a BBB rating of A+, providing reassurance about its credibility. However, it does not offer a prequalification option, making it challenging to gauge loan approval chances without a hard inquiry. Additionally, it imposes a late payment fee of $10 and a $25 origination fee, which could increase the total cost of the loan.

National Lenders With Physical Locations in Denver, CO

In Denver, Colorado, borrowers interested in securing the best personal loans with face-to-face service can weigh their options at various national lending institutions present in the city. These lenders include Wells Fargo, PNC, U.S. Bank, OneMain Financial and Keybank, all of which offer various personal loan products to meet different financial needs.

KeybankUndisclosed$2,000 to $100,000Up to 84 months
OneMain Financial18.00% to 35.99%$1,500 to $20,00024 to 60 months
PNCUndisclosed$1,000 to $35,0006 to 60 months
U.S. Bank8.74% to 24.99%$1,000 to $50,00012 to 84 months
Wells Fargo7.49% to 23.24%$3,000 to $100,00012 to 84 months

What to Do if You Can't Get a Personal Loan in Denver, CO

Your personal loan application in Denver, Colorado, can get denied due to various reasons, like a low credit score, negative financial history or an unfavorable debt-to-income ratio. If this happens, there are some steps you can take to navigate this setback.

  1. 1
    Find out the reason for the denial

    Some lenders may deny your loan application due to a poor credit score, high debt-to-income ratio, low income level or errors in your application. Reviewing the reasons can help you improve your weak areas and prevent another loan application denial in the future.

  2. 2
    Modify your loan terms

    You can try asking your lender if you can adjust the loan amount or repayment terms to get approved.

  3. 3
    Look for another lender

    Different lenders have varying eligibility criteria for personal loan approval. It's essential to shop around and consider factors such as minimum credit score requirements, interest rates, loan terms, additional fees and customer service to find the best lender for your particular needs and circumstances.

  4. 4
    Explore credit counseling services

    Lenders often look at your debt-to-income ratio when evaluating your loan application. You may consider a credit counseling agency to manage your credit card debt better and develop your budget. You can contact the City and County of Denver's Financial Empowerment Centers for assistance or to schedule a coaching session. You can also search for credit counseling services from the Department of Justice's list of approved credit counseling agencies.

FAQ About Personal Loans in Denver, CO

We addressed common questions about the best personal loans in Denver, Colorado, offering valuable insight to aid your decision-making process.

Who is the best overall personal loan lender in Denver, Colorado?
What are personal loans used for in Denver, Colorado?
What are the interest rates on personal loans in Denver, Colorado?
What are the benefits and drawbacks of personal loans?
What are some personal loan red flags to look out for?
How to apply for a personal loan online?
Can I get a personal loan with bad credit in Denver, Colorado?
What are the best low-interest personal loans in Denver, Colorado?
What is an installment loan? Is there a difference between personal loans and installment loans in Denver, Colorado?
Is there a difference between credit union loans and bank loans in Denver, Colorado?

About Zachary Romeo, CBCA


Zachary Romeo, CBCA headshot

Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.


sources
Shield Insurance

The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.