Online Installment Loan in Albuquerque

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Online Installment Loans in Albuquerque

Are you worried about paying an emergency expense that seemingly came out of nowhere? Are you stressed because of an unexpected cost? If so, MoneyKey may be able to help! We offer Installment Loans in Albuquerque and throughout New Mexico between $200 and $1,500. You can pay off this personal Installment Loan in approximately 18 months.

The application for an Installment Loan in Albuquerque is easy, and it only takes a few minutes to complete. If approved, you’ll have the cash you need as soon as the next business day*.

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Details of Our Installment Loans in Albuquerque, NM

Albuquerque is the most populated city in New Mexico with a population of approximately 560,000. This city was founded in 1706 and was built in the typical form of Spanish colonial cities – a central square surrounded by houses, public buildings and church. The ancient city was preserved and today serves as a museum, and a cultural and commercial center.

The Indian Pueblo Cultural Center traces the city’s tribal history. It is a museum whose mission is “To preserve and perpetuate Pueblo culture, and to advance understanding by presenting with dignity and respect the accomplishments and evolving history of the Pueblo people of New Mexico.”

What about having a tour through the locations of your favorite movie or TV series? Due to the spectacular climate and unique landscape, Albuquerque is one of the top places select from filmmakers to film their TV series and/or movies. The list is vast, but just to mention some of the blockbusters recorded here: Breaking Bad, Better Call Saul, The Avengers, Sicario, and Whiskey Tango Foxtrot.

Albuquerque is a unique city that has a great mix of history and modern entertainment. Still, if you’re having trouble managing unexpected expenses, a MoneyKey Installment Loan in New Mexico may be the solution! We offer Albuquerque Installment Loans that might be able to help you handle an emergency bill that your savings won’t cover.

Apply Now or call us at 1-866-255-1668 for more information.

Loan Amount of Our Installment Loan in Albuquerque

You can borrow between $200 to $1,500 for our Installment Loan in Albuquerque.

Annual Percentage Rate (APR) or Interest Rates

The maximum APR is 175%. If you are approved for a loan, specific loan details will be outlined in your loan agreement.

The purpose of this loan is to act as a stopgap. It is not intended to help in meeting your long-term financial needs. MoneyKey urges you to borrow responsibly and to only use this loan in the case of an unexpected emergency.

Payment Schedule and Length of Loan

The term of your loan will span approximately 18 months, and you can expect 18 scheduled installments over this period if you get paid monthly.

If you’re paid weekly, bi-weekly, or semi-monthly, you can expect your loan to include 36 scheduled installments.

Here are some examples:

In this example, the APR is 173.49% for a loan of $500 with an effective date of 06/16/2020, payable in 36 bi-weekly installments.

 Annual Percentage RateFinance ChargeAmount FinancedTotal of Payments
 
The cost of your credit as a yearly rate

173.49%

The dollar amount the credit will cost you

$807.99

The amount of credit provided to you on your behalf

$500.00

The amount you will have paid after you have made all payments as scheduled

$1,307.99

Payment Schedule

Payment DatePrincipal AmountInterest AmountTotal Payment
06/26/2020$12.48$23.83$36.31
07/10/2020$3.78$32.53$36.31

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In this example, the APR is 170.07% for a loan of $500 with an effective date of 06/05/2020, payable in 18 monthly installments.

 Annual Percentage RateFinance ChargeAmount FinancedTotal of Payments
 
The cost of your credit as a yearly rate

170.07%

The dollar amount the credit will cost you

$879.04

The amount of credit provided to you on your behalf

$500.00

The amount you will have paid after you have made all payments as scheduled

$1,379.04

Payment Schedule

Payment DatePrincipal AmountInterest AmountTotal Payment
07/01/2020$13.77$62.87$76.64
07/31/2020$10.97$65.67$76.64

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New Mexico Disclosures

TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL:

Customer Communications Administrator
3422 Old Capitol Trail, Suite 2057
Wilmington, DE 19808
Phone Number: 647-776-4300 ext. 2197
Email Address: Feedback@MoneyKey.com

This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions.

 

State Licenses

MoneyKey is a state-licensed direct lender in New Mexico. Loans are funded by MoneyKey – NM, Inc. and governed by all applicable laws.

Click below to view our New Mexico licenses.

New Mexico state license
New Mexico state license
 

Frequently Asked Questions

How do I qualify for a loan?

To qualify for a MoneyKey Installment Loan in New Mexico, you must:

  • Be at least 18 years old
  • Be a US citizen or a permanent resident
  • Be a resident of New Mexico
  • Have an active bank account
  • Have a regular source of income
  • Have a valid contact number and an active email address

Please note that we currently do not offer credit products with rates that allow us to lend to covered members of the US armed forces and their dependents.

Can I qualify for an Installment Loan in New Mexico with a bad credit score?

Yes, you may qualify for an Installment Loan with MoneyKey, even if you have a bad credit score.

How long will it take to get a cash advance with a New Mexico Installment Loan?

If you’re approved, your money may be deposited into your bank account as early as the next business day*.

Do I need to make an appointment in order to apply for an online Installment Loan with MoneyKey?

You do not need to make an appointment If you’d like to apply for an online Loan with MoneyKey. To start the application process online you can click here. The application process is simple and may take only a few minutes to complete.

Applying for a personal installment loan when you’re in a sticky financial situation is a big decision. Our aim at MoneyKey is to help. If you need any information or guidance on this process, reach out to us at 1-866-255-1668 and our Customer Care team will be happy to help. You can also find more information about us and our products by visiting our general FAQ page.

We’ve helped over 400,000+ customers.Let us help you!

Not all applications are approved; duration of approval process may vary. Loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

* If approved, any requested funds will typically be deposited into your bank account within one (1) to two (2) business days. The date and time funds are made available to you by your bank are subject to your bank's policies.

MoneyKey reserves the right to assess your creditworthiness periodically.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page. MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO and/or CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Business Oversight pursuant to California Deferred Deposit Transaction Law License No.1004516.

Reviews and any ratings referenced are based on TrustPilot reviews. Images are for illustrative purposes only. Reviews reflect individuals’ opinions and may not be illustrative of all individual experiences with MoneyKey.

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