Colorado pawn loan calculator
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EstimateColorado
$100
maximum charge for the first month
- Total charges
- $100
- To get your item back
- $600
- Monthly rate
- 20.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Colorado
Colorado pawn loan rules
| Maximum charge | The repurchase price can be at most the principal plus one fifth of it per month (20% a month). |
| Loan term | 30 days minimum. |
| Holding periods | Pawned items held at least 10 days after maturity; items bought outright 30 days. |
| ID required | You must be 18. |
Cities and counties license Colorado pawnbrokers and may add rules.
What a pawn loan costs in Colorado
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $20 | $120 |
| $250 | $50 | $300 |
| $500 | $100 | $600 |
| $1,000 | $200 | $1,200 |
| $2,000 | $400 | $2,400 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Before you pawn in Colorado
- Bring a valid government-issued photo ID.
- Colorado ID rule: You must be 18.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Colorado Springs or Denver.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Colorado?
At the legal maximum, $100 for the first month, so $600 to get the item back after one month. A $1,000 loan costs up to $200 for the first month. Shops can charge less.
What ID do I need to pawn in Colorado?
You must be 18.
How many pawn shops are listed in Colorado?
65 pawn shops in 6 cities: Colorado Springs, Denver, Pueblo, Fort Collins, Greeley, Aurora.
Sources
- C.R.S.§29-11.9-101(1)–(3); SB17-228 enacted ch246: leg.colorado.gov