Best Personal Loans in Colorado

Best Personal Loans in Colorado Near You:

• Best for No Collateral Required: Axos
• Best for Flexible Terms: Rise
• Best for Fair to Excellent Credit: Best Egg
• Best for Comparing Lenders: Credible
• Best for No Origination Fees: SoFi

Trying to get a handle on mounting debt or add some value to your house with costly renovations? A personal loan may be your solution. Personal loans are lump sum cash infusions with fixed, low rates and flexible installment repayment terms. Check out our list of the best personal loans in Colorado from credit unions, banks and online lenders to find one today.

Best Personal Loans in Colorado 

We do everything else online; why not apply for and manage your loan online, too? Check out these online lenders to find a personal loan from the convenience of your phone. You can look into these online lenders to determine which will work best for you, especially as it relates to the type of loan you need or the terms you’re looking for.

Axos

When you want to borrow money for medical expenses, unexpected emergencies, educational costs and more, you can turn to a range of financial platforms or banks. Axos Bank is known for offering consumers a wide range of products from checking accounts to investing accounts and more. With an all-online application, you can choose from an array of loan amounts, flexible terms and get your money direct deposited into your account. This is really helpful when you want to tackle debt or random expenses.

Plus, Axos offers:

• Flexible criteria for approval
• Loans to cover any expense
• Information that helps you determine if a personal loan is right for you

You can use these loans to handle a range of expenses, extra costs or emergencies and much more. Consider applying because there are several options available at Axos.

Rise

With Rise, you can borrow $500 to $5000, enjoy a risk-free guarantee and borrow on your terms. You can also take advantage of credit tracking that will help you improve your financial picture. This can be especially helpful for the average Colorado resident because it is hard to manage your money while also dealing with your daily routine, job, family, etc. 

The process is simple because you can:

• Apply online
• Choose your terms and amount
• Sign and get your money

Best Egg

Best Egg has been around since 2014, offering personal loans to borrowers with any need at all. The range of loan terms and values is a little narrower than other brands, but the customer service team is exemplary, the firm has an A+ rating from the BBB and it helps those with fair to excellent credit. 

Best Egg also offers:

• Competitive rates
• No prepayment fee
• Affordable origination fees

You can learn more about Best Egg through social media, and you can even reach out to them through these channels. Remember, though, you should check the minimum and maximum loan amounts for your state as they can vary. Even so, Colorado residents can take advantage of this platform at any time to change their financial future and/or deal with unexpected emergencies that could occur at any time.

Credible

Not a lender itself, Credible offers a free loan comparison service. By answering a few easy questions about yourself and the type of loan you’d like, Credible provides you pre-qualified loan offers from lenders suited to your needs. 

Checking your rates doesn’t affect your credit score, so you can consider different loans without worry. Credible is confident they’ll find you your best rate. Close with a better rate than you prequalify for on Credible and get a $200 gift card. Terms Apply.  

Lenders with Credible offer personal loans to cover many expenses, like moving costs or home updates. Refinance or consolidate your debt to pay it off at a lower interest rate.

Credible offers loans with terms between 1 to 10 years. You can compare loans ranging from $1,000 to $200,000. 

If you are looking for other types of loans, Credible will help you compare home loans and mortgage refinancing options, or student loans and student loan refinancing options as well.

SoFi

SoFi is an online lender offering personal loans, home loans, private student loans and refinancing options. 

SoFi recommends its personal loans for debt reconsolidation or to pay for home renovations. Loans are available in amounts ranging from $5,000 to $100,000 and have flexible terms and low, fixed rates. 

SoFi is a fee-less lender, so you won’t pay origination fees, prepayment fees, or late fees. The less money you spend on extra costs, the more money you have to pay it back. And, you can pay it back early with no consequences.

Their online application process is super easy and straightforward. SoFi has spending accounts, investment accounts, insurance products and credit monitoring tools. Create an account to see your personalized rates.

Personal Loan Considerations

If you’re thinking about taking out a personal loan, compare your options to find rates and terms that work for you. Make sure you can pay the loan back as agreed to when you sign for the loan -- not holding up your end of the contract can have serious consequences. Also, keep an eye out for predatory lenders, especially online. 

Personal Loans vs. Credit Cards

When choosing between a loan or a credit card, consider your needs: if you need revolving, consistent access to credit, a credit card is your best bet. If you have a specific need that a 1 time cash infusion can cover, a personal loan will work for you. 

Your lender will work with you to figure out what's best for your situation, or use a comparison service to see which makes the most sense for you.

Find a Personal Loan Today

Personal loans can be the solution to any number of situations in which we need some more money than we have on hand. Whether you're working on your credit or need to cover a large expense, a personal loan can get you the cash you need, quickly. Start with our lenders to find the right personal loan for you today.

Frequently Asked Questions