Personal loans in Olney Springs, CO

At about 294 residents, Olney Springs is larger than roughly 19% of the places in Colorado. Two households in Olney Springs with comparable incomes can still be offered different rates; the city's 294 residents are not the reason.

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

Compare loan offers Run the numbers first

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The 2020 count to the 2023 estimate shows about 4.9% decline in Olney Springs. Compare APR, not the interest rate, because the APR folds in most fees on a Olney Springs loan. Which products a lender may offer to Olney Springs's 294 residents follows from the Colorado consumer-lending framework. The nearest larger metro is Fowler, CO about 5 miles away.

Olney Springs by the numbers

What follows is Olney Springs's place in the Census record, alongside the Colorado rules that govern a personal loan made here.

Population: about 294 people live here, which puts Olney Springs 219th of 270 Census places in Colorado (Vintage 2023).
Population trend: The 2020-to-2023 change is negative, near 4.9%.
Change in people: the 2020-to-2023 comparison is a loss of about 15 residents.
Size percentile: Olney Springs's 294 people outrank roughly 19% of the places in Colorado.
Density: the Census land area of 0.2 sq mi holds about 1,220 people per square mile.
Land area: Olney Springs covers 0.2 square miles, the 246th-largest area among Colorado's 270 places.
State share: roughly 0.0% of Colorado's residents live in Olney Springs (294 people).
National rank: Olney Springs is the 15,190th most populous of the 19,457 Census places covered here.
Growth in Colorado: Olney Springs stands 248th by percentage change from 2020 to 2023, among 270 places.
Versus Colorado: the state average change is +2.3%, while Olney Springs moved 4.9%.
Density rank: Olney Springs places 121st among Colorado's places by people per square mile.
Density in context: Olney Springs's 1,220 people per square mile sit against a Colorado median of 1,126.
Location: latitude 38.1663, longitude -103.9445 (Census Gazetteer).
Nearest larger cities: Fowler (5 mi); Manzanola (6 mi); Ordway (11 mi); Rocky Ford (15 mi); Boone (18 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
Smaller places nearby: Crowley (5 mi); Sugar City (16 mi); Cheraw (24 mi).
Smaller neighbours: 4 places smaller than Olney Springs sit within 50 miles.
Larger places within 100 miles: 46.

Olney Springs: area, density and distance

Olney Springs covers about 0.2 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. With 294 residents, the land area yields roughly 1,220 people per square mile. The largest place in Colorado, Denver, lies about 121 miles away. Within 50 miles of Olney Springs there are 9 larger Census places. The 100-mile radius contains 46 larger places.

How Olney Springs compares across Colorado

Within Colorado, Olney Springs holds roughly 0.0% of all residents, the 219th-largest share among 270 places. Its 2020-to-2023 change ranks 248th of 270 Colorado places, putting it near the 8th percentile for growth. Its roughly 1,220 residents per square mile place it 121st among Colorado's places. Between 2020 and 2023 the count changed by roughly 15 residents.

What a Olney Springs borrower is actually offered

A Olney Springs personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 294 residents. Because pricing is borrower-level, two people in Olney Springs can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Olney Springs loan is knowable in advance — unlike a revolving card balance.

The Olney Springs borrowing checklist

Before you hand your details to a lender in Olney Springs, where the population is near 294:

Start with the credit file: order the reports, fix the errors, then apply.
Test your amount and term in the personal loan calculator first.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Check the Colorado regulator's records to confirm the lender is licensed here.
Decide the purpose and how you will repay it before approaching any lender.
If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
Read the disclosure for an origination fee and any prepayment penalty before signing.

In Olney Springs as elsewhere in Colorado, the written terms — not the advertisement — are what count for its 294 residents.

Colorado consumer-lending rules applied in Olney Springs

When Colorado does not publish a figure, the row links to the source instead of inventing a number; Olney Springs is bound by the same rules.

Rule	Detail	Source
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
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

Compare personal loan offers Run the numbers first

Common questions

What are my options in Olney Springs if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Olney Springs is the same as anywhere in Colorado.

What loan size can I expect in Olney Springs?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Olney Springs?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Olney Springs cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Crowley, CO — population 159
Fowler, CO — population 1,211
Manzanola, CO — population 330
Ordway, CO — population 1,074
Rocky Ford, CO — population 3,819
Sugar City, CO — population 245
Boone, CO — population 309
Swink, CO — population 589