Online Installment Loan in Santa Fe

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Online Installment Loans in Santa Fe

Do you have an unexpected bill that you can’t afford staring you in the face? MoneyKey may be able to help. We offer Installment Loans for bad credit in Santa Fe and throughout New Mexico between $200 and $2,000. As a payday loan alternative in Santa Fe, installment loans can help you tackle an emergency expense when you don’t have the funds available.

This personal Installment Loan can be paid off in either 18 or 36 scheduled installments, depending on whether you are paid monthly, weekly, bi-weekly or semi-monthly.

We make it easy to apply for Installment Loans in New Mexico. The application will only take a few minutes to complete, and if you’re approved, you’ll have the cash you need as soon as the next business day.


Details of Our Installment Loans in Santa Fe, NM

If you live in Santa Fe, you won’t be short on things to do. Whether you want to head into the surrounding nature to visit places like the Sangre de Cristo Mountains or historic downtown to see the International Folk Art Market, Santa Fe is a rich and vibrant place to live.

Unfortunately, the cost of living doesn’t come cheap, with the median cost of a home in Santa Fe being higher than the median cost throughout the U.S.

If most of your money is tied up in housing costs, you might have a harder time handling an unexpected bill that can’t wait to be paid. Luckily, MoneyKey Installment Loans may be able to help! If you’re facing a financial emergency and wondering where to get installment loans in Santa Fe, consider MoneyKey’s Online Installment Loans.

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

Loan Amount of our Santa Fe Installment Loans

As a payday loan alternative, Installment Loans in Santa Fe with MoneyKey allow you to borrow between $200 and $2,000. After reviewing your application, we will let you know if you qualify and how much you are eligible for. After approval, you can receive funds as soon as the next business day.

Annual Percentage Rate (APR) or Interest Rates

  • The maximum APR is 175%
  • If you’re approved for an online Installment Loan in Santa Fe, specific loan details will be outlined in your loan agreement

Payment Schedule and Length of Loan

  • The term of your Installment Loan in New Mexico will span approximately 18 months, and you can expect 18 scheduled installments over this time period if you get paid monthly.
  • In the case that you’re paid weekly, bi-weekly, or semi-monthly, you can expect your term 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 168.37% 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 h7e 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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State Licensed Direct Lender

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 license.

New Mexico state license


Online Installment Loans in Santa Fe are Not Intended to Meet Long-Term Financial Needs

At MoneyKey, we strongly urge you to only use this Installment Loan as a short-term solution to cover unexpected expenses. It is not intended to help you meet long-term financial needs or those that require a significant loan amount.

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 Licensed Direct Lender in New Mexico

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

 

  • What are the minimum requirements to qualify for an Online Installment Loan in Santa Fe, NM?

    In order to qualify for an online Installment Loan with MoneyKey in Santa Fe, borrowers 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 Santa Fe with a bad credit score?

    Installment Loans for bad credit in Santa Fe with MoneyKey may be possible if you meet the previously listed minimum requirements. Read our article to learn more about how to qualify for an installment loan even with poor credit.

  • How long will it take to get a cash advance with a Santa Fe Installment Loan?

    If approved, you can have your money deposited into your bank account as soon as the next business day.

  • Do I need to make an appointment 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 process is simple and the application may take only a few minutes to complete.

  • Learn About Payday Loan Alternatives in Santa Fe, NM

    It’s no small decision to apply for a personal installment loan when you’re in a tough financial situation. At MoneyKey, we want to help. If you have questions or need information at any point in the loan application process, please reach out to us at 1-866-255-1668 and our Customer Care team will be more than happy to help. You can also find more information about us and our products and/or services 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. Credit limits/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 by the next business day (or the same business day depending on the credit product). Timing of funding varies by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

Applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. CC Flow will be responsible for underwriting, approving and funding the CC Flow Line of Credit. The CC Flow Line of Credit is available through MoneyKey.

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/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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