Top Lenders & Best Picks for You

Best Personal Loans in Denver, CO

A personal loan can be used for emergency funds, debt consolidation, home improvement, big purchases and more. To assess your loan eligibility, lenders look at your credit history and income, among other factors. In Colorado, the average personal loan debt is $21,783 at an average interest rate of 9.40%.

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Last Updated: 10/26/2022
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MoneyGeek's Picks for Best Personal Loan Lenders in Denver, CO

To find the best personal loan lenders in Denver, MoneyGeek evaluated companies for over 30 data points. We considered loan affordability and accessibility, APR ranges, repayment terms, credit score and income criteria, origination and late fees, fund release time, customer service and Better Business Bureau (BBB) ratings.

Based on our evaluation, LightStream offers the best personal loans in Denver. However, depending on your profile and needs, a different lender may be more appropriate for you. For example, SoFi is the best option for borrowers with good credit, while Upstart is the best for those with poor credit. Upgrade and Best Egg are our top picks for debt consolidation and home improvement, respectively.

Best Personal Loan Lender Overall in Denver: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    on LightStream Website

Best Personal Loan Lender for Bad Credit in Denver: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    on Upstart Website

Best Personal Loan Lender for Good Credit in Denver: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Denver: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Denver: Best Egg

  • Best Egg

    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    on Best Egg Website

How to Choose the Best Personal Loan Lender in Denver for You

According to our research, the average personal loan debt in Colorado is roughly $21,783. Lenders evaluate your employment history, current debt, income and creditworthiness to determine your loan limit and rate. Before applying for a personal loan, you should take the following steps to make sure it’s the best decision for you:


Ask Yourself the Important Questions

By taking a step back and asking yourself these four key questions, you may make smarter financial decisions.

  1. How much funding do I need? The amount of funding you need will determine which lenders are available to you, as most companies offer different loan limits.
  2. What is my credit score? Most lenders have a minimum credit score requirement. To save time, you should only apply for a loan if you meet the lenders’ criteria.
  3. Can I afford the monthly payment? It’s important to understand that a loan is a long-term commitment — in some cases, loan repayment can take up to five years. Because of this, it’s important to make sure that you’re financially able to make the repayment terms of your loan.
  4. How much debt do I already have? If you have other debts to pay off, adding another loan to your list may not be the best option. To set yourself up for financial success in the future, you may want to first consider paying off any existing debt that you have before applying for another loan.

Do Your Research

Although MoneyGeek’s recommendations are a good place to start, you should research different lenders’ rates and loan terms to find the best one for you.



After you’ve done your research, it's a good idea to wait a day or two before applying for a loan. During this time, you can weigh your options and consider possible alternatives to taking out a personal loan.


Read the Fine Print

It's easy to ignore the fine print included in a loan agreement. However, you should always thoroughly read the conditions of your loan to check for any hidden fees or additional costs, like prepayment penalties, late fees and origination fees. If you have any questions, you should contact the lender for clarification.



Once you’ve chosen a lender, it’s time to submit your loan application. During the application process, lenders will often require that you provide your personal identification, address and proof of income. Although applying online may be more convenient for some, you may also be able to apply over the phone or in-person, depending on the lender.

What to Do if You Can’t Get a Personal Loan in Denver

Your loan application may be denied for a variety of reasons, including a low income, poor credit history or incomplete application. If your loan is denied, you shouldn’t panic — most of the reasons that cause a loan to be denied can be improved over time.

After your application is rejected, you should contact the lender's representative via phone or email to ask why you weren’t approved. That way, you can modify your application before reapplying with the lender or applying with a different lender.

Rather than taking out a high-risk payday loan, we advise that you work on improving your personal loan application. Payday loans have extremely high interest rates and short repayment fees. If you’re unable to repay it in a timely manner, your credit score will be negatively impacted.

Frequently Asked Questions About Personal Loans in Denver

The best personal loan lender for you is based on your unique needs and financial situation. To help you find the best lender for you, we've answered some of the most commonly asked questions concerning personal loans in Denver, Colorado.

Our Personal Loan Methodology

We looked at 35+ unique data points from over 30 personal loan providers in six major categories: loan affordability, accessibility, customer friendliness, customer service, flexibility and lender transparency.

We analyzed many unique data factors under each rating criteria category that we believe hold the most weight when choosing a personal loan provider. APR ranges, available loan amount, minimum credit score, minimum income amount, application costs and disbursement period are all aspects to consider.

Since we think of you, the consumer, we consider each lender's customer service, company ratings and additional services like prequalification, payment alternatives and mobile applications that might make your experience easier and more accessible.

Our recommendations are made with your best interests in mind after rigorous analysis and assessment. Our personal loan suggestions and professional advice are intended to assist you in selecting the right lender for your circumstances.

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.