Denver installment loan rates are governed by Colorado’s Deferred Deposit Loan Act (C.R.S. Title 5, Art. 3.1), as amended by Proposition 111. Snap Loans Cash is free to use — we never charge you a fee. The limits below are set by Colorado law; your actual rate and payment come from the lender and appear in your loan agreement before you accept.
Loan Rules in Colorado: Rates & Terms at a Glance
| Item | Colorado limit |
|---|---|
| Maximum cost | 36% APR, all-in (interest + every fee) |
| Maximum loan amount | $500 (deferred deposit loans) |
| Minimum term | 6 months (180 days) |
| Rollovers | One; total balance across loans capped at $500 |
| Right to cancel | Rescind by end of next business day, no cost |
Cost example: a $500 installment loan at the 36% APR cap, repaid over 6 months, costs about $54 in total interest — roughly $92 per month. Source: Colorado AG Consumer Credit Unit; statute: C.R.S. Title 5, Art. 3.1 (Prop 111). Verified July 10, 2026.
Colorado loan rules at a glance
| Rule | Colorado limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | $500 (deferred deposit loans) |
| Maximum term | 6-month (180-day) minimum term |
| Finance charge cap | 36% APR maximum, all-in (interest plus every fee) |
| Rollovers | One rollover; total outstanding balance across loans may not exceed $500 |
| Cooling-off period | Borrower may rescind by the end of the next business day at no cost |
| Statute | Colorado Deferred Deposit Loan Act (as amended by Proposition 111) — C.R.S. §§ 5-3.1-101 to 5-3.1-123 |
Source: Colorado Attorney General — Consumer Credit Unit (UCCC Administrator) · Rules verified July 10, 2026