Online Installment Loans in New Mexico

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The New Mexico Installment Loan is no longer offered to customers. If you have a current New Mexico Installment Loan, please click here to log into your online account.

If you still need funds, you may be able to find a loan product suitable for you from another company* by clicking “Continue” below:

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*MoneyKey does not promote or endorse any products and/or services offered by any company you may be directed to by clicking “Continue” and does not assume responsibility or liability for any actions taken by you in relation to any such products and/or services.

Searching for Installment Loans in New Mexico? MoneyKey may be able to help you get the funds you need fast. An Installment Loan is a short-term loan with payments that are spread out over time.

Click “Apply Now” and we’ll let you know if you qualify and how much you can borrow. If you’re approved, we’ll deposit the money in your bank account as early as the same business day*.

Not only do we make the online application process simple, we also have a team of friendly and knowledgeable Customer Care agents available to answer any loan-related questions you may have. Whether online or on the phone, we aim to provide you with outstanding customer service.

Summary

Loan Amount: $200 to $3,500

Loan Type: Installment Loan

Loan Term: ~18 months

Funding: Same business day*

Pre-Payment Available: Yes

Loan Details

Loan Amount

For New Mexico Installment Loans, the amount you can borrow ranges between $200 and $3,500. After we review your application, we’ll let you know if you’re approved and how much you qualify for.

Cost of Loan

Interest will be charged on your MoneyKey New Mexico Installment Loan, with a maximum annual percentage rate (APR) of 175%. Your APR is dependent on your exact payment schedule; see the below examples for common MoneyKey Installment Loans in New Mexico and their corresponding APRs. The APR, repayment amount and payment schedule will vary depending on the specific details of your loan, which are available in your loan agreement.

This loan is an expensive form of credit and is not intended to meet long-term financial needs. MoneyKey urges you to use this product responsibly.

Term of Loan

The loan term is approximately 18 months in New Mexico, so if you receive your income bi-weekly, semi-monthly or weekly, your loan will be payable in 36 installments. If you receive your income monthly, your loan will be payable in 18 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 DatePayment AmountInterest AmountTotal Payment
06/26/2020$12.48$23.83$36.31
07/10/2020$3.78$32.53$36.31

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 Amount/th>Total Payment
07/01/2020$13.77$62.87$76.64
07/31/2020$10.97$65.67$76.64

New Mexico Disclosures

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

Customer Communications Administrator
1000 N West Street Suite 1200
Wilmington, DE 19801
Phone Number: 647-776-4300 ext. 2221
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.

Online Installment Loans in New Mexico: Frequently Asked Questions

Have more questions? Please refer to our general FAQ page or contact our Customer Care team at 1-866-255-1668.

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