Personal loans in Otis, CO

With 521 residents, Otis outranks about 29% of the communities in Colorado. With roughly 521 residents, Otis is a small community, and the lending rules its borrowers live under are written in Colorado, not by the city.

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

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Otis gained roughly 1.4% in population across the 2020-to-2023 comparison. Use the calculator on this page to price an amount and term before you commit in Otis. For the 521 people in Otis, Colorado runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Borrowers who want a bigger city can look to Yuma, CO about 13 miles away.

What the Census records for Otis

Read the local figures below as context; read the sourced Colorado table as the rulebook a lender here must follow.

How Colorado law applies in Otis

Colorado has no separate rate rule for Otis; the sourced rows below are what reach every lender that serves its 521 people.

RuleDetailSource
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
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
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

What is available to Otis borrowers

Otis is moderately settled, with about 1,262 people per square mile and 9 larger places within 50 miles. Distance to a branch rarely matters for Otis's 521 residents: the application is online and the price follows your credit file. The nearest larger city, Yuma, CO about 13 miles away.

Otis: area, density and distance

Otis's land area is roughly 0.4 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 1,262 people per square mile. Denver, the largest place in Colorado, is about 105 miles from Otis. Otis has 9 larger places within a 50-mile radius. By land area it ranks 214th of 270 Colorado places.

How personal loans work in Otis

Otis is a small community of about 521 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. The APR tracks your credit score rather than Otis's rank of 192nd in Colorado: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a Otis loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Otis in state context

Otis is the 192nd-largest of 270 Census places in Colorado and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 94th of 270 Colorado places, putting it near the 65th percentile for growth. By density, at about 1,262 people per square mile, it ranks 112th in Colorado. The population moved by about 7 people between 2020 and 2023, a 1.4% shift.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Otis 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 Otis is the same as anywhere in Colorado.
What loan size can I expect in Otis?
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 Otis?
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 Otis 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.

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