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:
Please note that by clicking “Continue”, you are navigating away from the MoneyKey website to the website of an unaffiliated third party.
*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.
Loan Amount: $200 to $3,500
Loan Type: Installment Loan
Loan Term: ~18 months
Funding: Same business day*
Pre-Payment Available: Yes
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.
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.
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.
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 Rate | Finance Charge | Amount Financed | Total 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 Date | Payment Amount | Interest Amount | Total 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 Rate | Finance Charge | Amount Financed | Total 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 Date | Principal Amount | Interest Amount/th> | Total Payment |
---|---|---|---|
07/01/2020 | $13.77 | $62.87 | $76.64 |
07/31/2020 | $10.97 | $65.67 | $76.64 |
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.
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.
To qualify for a MoneyKey Installment Loan in New Mexico, you must:
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.
No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. This is an installment loan, which is different because unlike a payday loan, no lump-sum payment is required. With an installment loan, you pay back the loan in installments over time until it is paid off.
If you’re facing an emergency expense and in need of fast funds, you can apply for an Installment Loan in New Mexico through MoneyKey in just minutes. With no travel time or appointment needed, you can apply any time of day, from wherever you get internet.
If you are approved, you’ll typically get your funds the same business day*.
Yes, and there’s no penalty to pay off your New Mexico Installment Loan earlier than scheduled. If you’d like to make an early payment, or a larger payment to pay down more of your principal, you may do so by calling us at 1-866-255-1668 or emailing customercare@moneykey.com. Paying off your loan earlier than scheduled may reduce the total interest you'll pay.
Unfortunately, you have to be living in New Mexico to get an online Installment Loan in New Mexico. Whether you live in a rural part of the state, a city like Albuquerque, or smaller towns like Santa Fe or Las Cruces, we’d love to help you with a loan.
Please check our rates page to see if other online loans such as Installment Loans or Lines of Credit are available in the state that you currently live in.
Have more questions? Please refer to our general FAQ page or contact our Customer Care team at 1-866-255-1668.