Personal loans in Lamar, CO

Lamar, CO is a small town in Colorado with a Census-estimated population of 7,525, making it the 64th-largest of 270 places in the state. Its population fell about 2.1% between the 2020 Census base and the 2023 estimate. Borrowers in Lamar compare personal loans the same way borrowers do anywhere in Colorado: the lender prices the loan from your credit history, income and debt load, not from your city.

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

What is specific to borrowing in Lamar

Population: 7,525 (US Census Bureau, Vintage 2023 subcounty estimate) — the 64th-largest place of 270 in Colorado.
Population trend: Its population fell about 2.1% between the 2020 Census base and the 2023 estimate.
Size percentile: larger than about 76% of the Census places in Colorado.
Location: 38.0760, -102.6147 (US Census Bureau Gazetteer).
Nearest larger cities: Garden City (96 mi); Pueblo (109 mi); Guymon (114 mi); Liberal (117 mi); Fountain (120 mi). Larger metros often have more walk-in branches, but online lenders serve Lamar on the same terms.
Nearest smaller towns: Wiley (8 mi); Granada (17 mi); Hartman (22 mi).

Colorado lending rules that apply in Lamar

Rule	Detail	Source
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
Payday lending status	Permitted 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 licensing	Supervised 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 regulator	Colorado 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

How a personal loan works in Lamar

A personal loan in Lamar is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years. Because the payment is fixed, the total cost is predictable up front — which is the main advantage over a credit card, where the balance revolves and the payoff date is open-ended. The two numbers that matter are the APR (which includes fees, not just interest) and the term. A longer term lowers the monthly payment but raises the total interest you pay.

Before you apply in Lamar

Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
Run the numbers with our personal loan calculator so you know the payment before a lender tells you.
Pre-qualify with at least three lenders and compare the APR, not the interest rate.
Check the lender is licensed in Colorado using the regulator listed above.
Read the disclosure for origination fees and any prepayment penalty before you sign.

Compare personal loan offers Run the numbers first

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Frequently asked questions

Can I get a personal loan with bad credit in Lamar?

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 Lamar are the same as elsewhere in Colorado.

How much can I borrow with a personal loan in Lamar?

Most personal loans range from about $1,000 to $50,000, but the amount you are approved for depends on the lender and your income and credit. Use our personal loan calculator to model the payment before you apply.

Does a personal loan in Lamar 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 Lamar 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

Wiley, CO — population 432
Granada, CO — population 438
Hartman, CO — population 54
Eads, CO — population 636
Holly, CO — population 822
Sheridan Lake, CO — population 54
Two Buttes, CO — population 32
Coolidge, KS — population 79