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Personal loans in Cañon City, CO

In Cañon City, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. Cañon City is home to about 17,241 people and ranks 37th among the 270 Census places in Colorado. Lenders in Colorado work under state rate caps and licensing rules, each listed with its publisher in the table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Cañon City at a glance

  • Population: 17,241 residents, the 37th-largest of 270 places in Colorado (US Census Bureau, Vintage 2023).
  • 2020 Census base: 17,129 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: population rose about 0.7% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Colorado places: 37th by size among 270 communities (US Census Bureau).
  • Size percentile: ahead of around 86% of Colorado places in population terms (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 38.4419, -105.2209.
  • Nearest larger cities: Fountain, CO (34 mi); Pueblo, CO (35 mi); Colorado Springs, CO (38 mi); Castle Rock, CO (68 mi); Parker, CO (77 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller towns: Brookside, CO (3 mi); Williamsburg, CO (5 mi); Rockvale, CO (6 mi) (US Census Bureau).

What a personal loan costs in Cañon City

A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.

Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.

Colorado lending rules that apply in Cañon City

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
Payday lending statusPermitted but capped at 36% APR (Proposition 111, effective February 1, 2019)
Source says: "a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent".		Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act)
as of 2026-09-16
Small-loan / installment lender licensingSupervised lender license required from the UCCC Administrator (master license required for more than one place of business); deferred deposit lenders must hold a supervised lender's license
Source says: "if a supervised lender has more than one place of business, they must obtain a master license"; "no person shall engage in the business of deferred deposit loans without having first obtained a supervised lender's license" (C.R.S. § 5-3.1-116).		Colorado Attorney General — Uniform Consumer Credit Code licensing
as of 2026-09-16
State lending regulatorColorado Attorney General's Office — Consumer Credit Unit (Administrator of the Uniform Consumer Credit Code)
Source says: "The Consumer Credit Unit regulates (through licensure/registration programs) companies and individuals involved in consumer lending"; it "licenses non-bank lenders such as finance companies and payday lenders".		Colorado Attorney General — Consumer Protection Section
as of 2026-09-16
Maximum legal interest rate (usury cap)UCCC finance-charge ceilings: 12% per year on non-supervised consumer loans; supervised loans 36% on the first $1,000, 21% on $1,000–$3,000, 15% above $3,000 (or 21% flat); 21% on revolving accounts
Source says: "not exceeding twelve percent per year on the unpaid balance of the amount financed"; "Thirty-six percent per year on that part of the unpaid balances of the amount financed that is one thousand dollars or less"; "Twenty-one percent per year on the unpaid balances of the amount financed".		Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5)
as of 2026-09-16

How to compare offers in Cañon City

Run through this list before signing anything in Cañon City:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Colorado using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Cañon City?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Cañon City are the same as elsewhere in Colorado.
How much can I borrow with a personal loan in Cañon City?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Cañon City require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Cañon City hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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