Please read this disclaimer carefully before using Snap Loans Cash. It explains what our service is, what it is not, and the Colorado rules that apply to small-dollar and payday loans for Denver borrowers.
We are a connection service, not a lender
Snap Loans Cash does not lend money, make credit decisions, or charge you any fee. We are a loan-connection service that may match your request with third-party lenders licensed to operate in Colorado. Any loan you receive comes from an independent lender, on that lender’s terms, which you should read in full before you accept.
Colorado small-dollar loan rules
Colorado law strictly limits the cost of small-dollar and deferred-deposit (payday) loans under the Deferred Deposit Loan Act (C.R.S. Title 5, Article 3.1), as amended by Proposition 111. Under that law:
- The total cost is capped at a 36% APR — all-in, counting interest and every fee.
- A deferred deposit loan may not exceed $500.
- The loan must carry a minimum 6-month (180-day) term — no two-week payday loans.
- Only one rollover is allowed, and your total outstanding balance across loans may not exceed $500.
- You may rescind the loan by the end of the next business day at no cost.
Cost example
Because of the 36% APR cap, a $500 installment loan repaid over 6 months costs about $54 in total interest — roughly $92 per month. That is dramatically lower than payday loans in states with no rate cap. Even so, borrow only what you can repay, and consider lower-cost alternatives first.
Regulator and complaints
Colorado consumer lenders are licensed and overseen by the Colorado Attorney General’s Consumer Credit Unit. Rules on this page were verified on July 10, 2026 and may change; always confirm current terms with your lender and the regulator.