Personal Loans

Personal Loans in Denver

Credit Union of Denver TCF Bank OneMain Financial
APR As low as 8.49% 6.99% to 24.99% 18.00% to 35.99%
Borrowing limits From $250 $2,500 to $35,000 $1,500 to $20,000
Terms 36 to 60 months 36 or 60 months 24 to 60 months
Origination fee None None Either $25 to $300 or 1.00% - 10.00% (depending on the state)
Minimum credit requirement Not specified Not specified Not specified

Credit Union of Denver

Credit Union of Denver may not offer the lowest starting APR among those in this roundup, but it does offer an impressively low minimum borrowing amount; you’d even be hard-pressed to find a small personal loan for this amount from a reputable local lender. However, it’s unclear what the maximum borrowing amount is by the credit union’s website.

With no origination fee and typical repayment terms, Credit Union of Denver can be a solid option for borrowers who want to borrow a small amount while minimizing fees. The credit union funds loans in as little as two business days as well, meaning they can be a reliable source of speedy funding. (OneMain Financial and TCF Bank can be faster, however.)

How to qualify

You don’t have to be a member of the Credit Union of Denver to apply for a personal loan, but you will need a membership to get your funds if you’re approved.

To become a member, you’ll need to meet one of the following criteria:

  • Reside or work in Denver (or certain surrounding areas: Boulder, Douglas, Jefferson, Adams or Arapahoe)
  • Be enrolled at an affiliated school in the area
  • Work in the federal government or be part of the Consumers United Association

Once you are approved, you will also need to open a savings account with the Credit Union of Denver and make a deposit of at least $5.

In order to qualify for a personal loan with the Credit Union of Denver, you must have a stable income and credit history. If you are self-employed, you will need to provide recent tax returns and complete a Profit & Loss report.

TCF Bank

TCF Bank offers the lowest starting APR and largest borrowing limit among the institutions in this roundup. It also provides some of the fastest funding, with money in your account the next business day after you’re approved.

One downside to borrowing with TCF Bank is its restrictive repayment terms. You’ll only get to choose a 36 or 60 month term. You’ll also need to borrow at least $2,500. This isn’t an especially high minimum amount compared with many other lenders, but it is higher than the amount offered by the two other institutions found here.

How to qualify

While Credit Union of Denver allows those who are not members to apply for a personal loan, TCF Bank requires that you be a current customer to apply. Before applying for a personal loan, you’ll need one of the following accounts with them to apply:

  • Certificate of deposit
  • Checking
  • Savings
  • Money market

Little other information is offered about the application process on TCF Bank’s website.

OneMain Financial

OneMain Financial’s personal loans have a high starting APR — the highest in this roundup. That doesn’t mean it isn’t a competitive option among lenders with locations in Denver, however.

OneMain Financial offers the most flexible range of repayment terms in this roundup. And similar to TCF Bank, you could receive funds the next business day after approval. That may make this lender a viable option for an emergency loan depending on your credit and needs.

The lender has a unique perk: Borrowers with an existing OneMain Financial personal loan may qualify to receive another. (Not all lenders allow you to take out more than one personal loan with them.) You’ll need to contact the lender by phone to see if you’re eligible.

How to qualify

To qualify for a personal loan, you’ll need to provide your financial and credit history, along with:

  • Your income
  • The state you live in
  • Information on any bankruptcy you may have previously filed

One thing to note is that the application process is not entirely online. While you’ll be able to prequalify for a personal loan virtually, you’ll need to meet a loan specialist in person to go over your financial history and loan options before you receive a final decision.

Explore lenders with LendingTree

LendingTree is a loan marketplace where qualified borrowers can see personalized offers from up to five lenders. Borrowers may see offers for anywhere from $1,000 to $50,000 or more, depending on the lender and their eligibility. Qualification is not guaranteed and is reliant on your unique financial situation and health.

How to find bad credit personal loans in Denver

If you have bad credit, finding a personal loan may seem impossible. But that’s not always the case. While most personal loan lenders in Denver and online seek borrowers with good to excellent credit, bad credit personal loan lenders can offer funds to those with damaged credit.

There are Denver-based financial institutions that offer bad credit loans, but in general, beware the exceptionally high APRs that can come with payday loans and even some personal loans. If you’re facing triple-digit interest rates, for example, you may want to consider other financing options, such as a secured loan.

A secured loan, such as a secured personal loan, is backed by collateral like your car. Your loan amount may be dependent on the value of your collateral, among other factors. Notably, OneMain Financial may offer you a secured personal loan when you apply.

How to choose a personal loan in Denver

When shopping for personal loans in Denver, you should prequalify with a few lenders before formally applying. Prequalification only requires you to provide basic personal and financial information, plus a soft credit check.

You’ll want to compare factors, such as the offered APRs and repayment terms. Reviewing each lender’s fee structure can also help you avoid choosing a lender that may be more expensive than at first glance.

Consider your needs and wants. For example, you may opt for a loan that comes with a slightly higher interest rate if it offers a repayment that’s better for you. Once you’ve picked your top lender, you can submit a formal application, which will require you to provide certain documentation (like proof of income and residency) and a hard credit check.

Personal loans in Denver: FAQ

Where can I find a payday loan in Denver?

There are Denver lenders that offer payday loans, including Check Into Cash. But payday loans should be used with extreme caution.

A typical APR for a payday loan can be around 400%, and repayment terms can be just a few weeks. This can make it impossible for you to pay down your balance in time and can result in renewing the loan, with additional fees being tacked on, and so on and so forth.

What are my other options if I’m looking for speedy cash in Denver?

If personal loans are not right for you, there are other options to obtain fast cash. One option might be to obtain a line of credit. Alpine Bank in the Denver area offers a line of credit with immediate funds to your account and interest applied only on the amount you use.

How can I find a list of Denver banks?

Searching for Denver banks is simple. Use the FDIC’s BankFind feature to check out FDIC-insured banks in your neighborhood. There, you can also view quarterly updates on the local banks in Denver and get stats on the bank’s assets and deposits.

How can I find a list of Denver credit unions?

The NCUA’s Credit Union Locator can help you find a credit union where you live. You can also see whether the particular location offers an ATM and any membership services.


To select personal loan lenders for this roundup, we used Google Maps to search for “personal loan lenders” with local branches in Denver. We then researched the first 27 unique lenders that appeared in our results from March 5-10, 2020, and selected three lenders to feature based on 1) lowest minimum APR, 2) lowest maximum APR, 3) lowest origination fee, 4) widest range of borrowing limits and 5) widest range of term length. Lenders that did not offer information on at least three of the five factors listed above were not considered.


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