New Mexico LOAN RATES & FEES

New Mexico Speedy Cash loan agreements are governed by the applicable laws of the State of New Mexico.

Click here to receive Important Consumer Information about New Mexico Small Loan Business.

View example finance charges.

Advance Amount:
(the amount of credit provided to you)
$500
Finance Charge:
(the dollar amount the credit will cost you)
$922.36
Number of Payments: 39
Repayment Schedule: bi-weekly, 38 payments of $36.45 and one final payment of $37.26
Total of Payments:
(the amount you will have paid after
you have made all payments as scheduled)
$1,422.36
APR**: 174.5193%

**ANNUAL PERCENTAGE RATE (APR): The APR is the total cost of your loan expressed as a yearly rate. The APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. The above APR is based on example loan terms of 39 installments due over 18 months.

Example Bi-Weekly Payment Schedule

Example Loan Amount: $500.00

Example Loan Start Date: 1/1/2017

Number of Payments Payment Amount Payment Due Date
1 $36.45 01/15/2017
2 $36.45 01/29/2017
3 $36.45 02/12/2017
4 $36.45 02/26/2017
5 $36.45 03/12/2017
6 $36.45 03/26/2017
7 $36.45 04/09/2017
8 $36.45 04/23/2017
9 $36.45 05/07/2017
10 $36.45 05/21/2017
11 $36.45 06/04/2017
12 $36.45 06/18/2017
13 $36.45 07/02/2017
14 $36.45 07/16/2017
15 $36.45 07/30/2017
16 $36.45 08/13/2017
17 $36.45 08/27/2017
18 $36.45 09/10/2017
19 $36.45 09/24/2017
20 $36.45 10/08/2017
21 $36.45 10/22/2017
22 $36.45 11/05/2017
23 $36.45 11/19/2017
24 $36.45 12/03/2017
25 $36.45 12/17/2017
26 $36.45 12/31/2017
27 $36.45 01/14/2018
28 $36.45 01/28/2018
29 $36.45 02/11/2018
30 $36.45 02/25/2018
31 $36.45 03/11/2018
32 $36.45 03/25/2018
33 $36.45 04/08/2018
34 $36.45 04/22/2018
35 $36.45 05/06/2018
36 $36.45 05/20/2018
37 $36.45 06/03/2018
38 $36.45 06/17/2018
39 $37.26 07/01/2018
Advance Amount:
(the amount of credit provided to you):
$500
Finance Charge:
(the dollar amount the credit will cost you)
$881.18
Number of Payments: 36
Repayment Schedule: semi-monthly, 35 payments of $38.35 and one final payment of $38.93
Total of Payments:
(the amount you will have paid after
you have made all payments as scheduled)
$1,381.18
APR**: 173.9812%

**ANNUAL PERCENTAGE RATE (APR): The APR is the total cost of your loan expressed as a yearly rate. The APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. The above APR is based on example loan terms of 36 installments due over 18 months.

Example Semi-Monthly Payment Schedule

Example Loan Amount: $500.00

Example Loan Start Date: 1/1/2017

Number of Payments Payment Amount Payment Due Date
1 $38.35 01/10/2017
2 $38.35 01/25/2017
3 $38.35 02/09/2017
4 $38.35 02/24/2017
5 $38.35 03/11/2017
6 $38.35 03/26/2017
7 $38.35 04/10/2017
8 $38.35 04/25/2017
9 $38.35 05/10/2017
10 $38.35 05/25/2017
11 $38.35 06/09/2017
12 $38.35 06/24/2017
13 $38.35 07/09/2017
14 $38.35 07/24/2017
15 $38.35 08/08/2017
16 $38.35 08/23/2017
17 $38.35 09/07/2017
18 $38.35 09/22/2017
19 $38.35 10/07/2017
20 $38.35 10/22/2017
21 $38.35 11/06/2017
22 $38.35 11/21/2017
23 $38.35 12/06/2017
24 $38.35 12/21/2017
25 $38.35 01/05/2018
26 $38.35 01/20/2018
27 $38.35 02/04/2018
28 $38.35 02/19/2018
29 $38.35 03/06/2018
30 $38.35 03/21/2018
31 $38.35 04/05/2018
32 $38.35 04/20/2018
33 $38.35 05/05/2018
34 $38.35 05/20/2018
35 $38.35 06/04/2018
36 $38.93 06/19/2018
Advance Amount:
(the amount of credit provided to you):
$500
Finance Charge:
(the dollar amount the credit will cost you)
$931.18
Number of Payments: 18
Repayment Schedule: monthly, 17 payments of $79.50 and one final payment of $79.68
Total of Payments:
(the amount you will have paid after
you have made all payments as scheduled)
$1,431.18
APR**: 174.1662%

**ANNUAL PERCENTAGE RATE (APR): The APR is the total cost of your loan expressed as a yearly rate. The APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. The above APR is based on example loan terms of 18 installments due over 18 months.

Example Monthly Payment Schedule

Example Loan Amount: $500.00

Example Loan Start Date: 1/1/2017

Number of Payments Payment Amount Payment Due Date
1 $79.50 02/01/2017
2 $79.50 03/01/2017
3 $79.50 04/01/2017
4 $79.50 05/01/2017
5 $79.50 06/01/2017
6 $79.50 07/01/2017
7 $79.50 08/01/2017
8 $79.50 09/01/2017
9 $79.50 10/01/2017
10 $79.50 11/01/2017
11 $79.50 12/01/2017
12 $79.50 01/01/2018
13 $79.50 02/01/2018
14 $79.50 03/01/2018
15 $79.50 04/01/2018
16 $79.50 05/01/2018
17 $79.50 06/01/2018
18 $79.68 07/01/2018

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Your actual terms and the Annual Percentage Rate (APR) will be determined at the time your application is submitted and will be based upon your application and credit information. Not all applicants will qualify for the lowest rate. Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred and seventy-five percent, effective January 1, 2018.

Online Installment Loan Questions

How much money can I get?

New Mexico residents may be eligible to receive up to $500 with an installment loan from Speedy Cash.

How much will my payments be?

Installment loan fees are based on daily interest. With finance fees being calculated daily, the sooner you repay your loan, the less you will owe in finance fees. Late or delayed payments will accrue additional finance charges. There are no fees for paying off your loan early. The APR and fees on your loan will vary depending on loan amount and the term of your loan.

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

Deanna Abildgaard, VP of Compliance & BSA
3527 N Ridge Rd. | Wichita, KS 67205
1-877-431-7572
NMcomplaints@speedycash.com

This business is licensed and regulated by the Regulation and Licensing Department, Financial Institutions Division
2550 Cerrillos Road, Santa Fe, New Mexico 87504
Telephone Number: 1-505-476-4885

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

New Mexico: 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/.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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