New Mexico Installment Loan Rates and Terms
BELOW IS GENERAL INFORMATION REGARDING ALL RATES AND FEES THAT WILL ASSIST YOU IN MAKING YOUR LOAN DECISION. IF YOU HAVE ANY QUESTIONS, OR WOULD LIKE MORE INFORMATION, PLEASE ASK. MAKE CERTAIN THE QUESTIONS THAT YOU ASK ARE ANSWERED. MAKE CERTAIN YOU UNDERSTAND THE TERMS AND COSTS OF YOUR LOAN.
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.
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.
View example fees.
A list of all fees that you may be charged.
Advance Amount: (the amount of credit provided to you) |
$500 |
Finance Charge: (the dollar amount the credit will cost you) |
$883.41 |
Number of Payments: | 39 |
Repayment Schedule: | bi-weekly, 38 Payments of $35.49 and one final payment of $34.79 |
Total of Payments: (the amount you will have paid after you have made all payments as scheduled) |
$1,383.41 |
APR**: | 171.526% |
**ANNUAL PERCENTAGE RATE (APR): The cost of your credit as a yearly rate. 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.
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
3615 N Ridge Rd. | Wichita, KS 67205
1-877-431-7572
NMcomplaints@SpeedyCash.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 number (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions/.