12/16/2022
Named after the Mexican conquest in the 19th century, New Mexico is an interesting destination for its natural beauty and economic prosperity.
In terms of financing, this U.S. state has different options for obtaining a personal loan, which we will discuss below.
Where to get personal loans in New Mexico?
As in most of the states that make up this country, installment financing is not in short supply. The most common options are traditional banks, thrifts and credit unions that can give you what you are looking for under certain conditions.
If you need urgent money, you can resort to an online platform whose process is faster.
- Loan amount: between $ 100 and $ 35,000
- Term: entre 7 days y 12 months
- Extra:Interest rate between 6.63% and 485% APRAddress: 1125 E. Broadway #545, Glendale, CA 9120
- Loan amount: between $ 500 and $ 50,000
- Term: entre 15 days y 120 months
- Extra:Fast loans up to $50,000 for whatever you want.
Interest rates from 6% to 439% APR
Finansi Group SL - Calle de las Barcas 2 Piso 2, 46002, Valencia
- Loan amount: between $ 500 and $ 10,000
- Term: entre 3 y 1728 months
- Extra:Fast online loans even with bad credit.Interest rates between 5.99% and 35.99% APR
3315 E Russel Rd Ste A-4 Box #105, Las Vegas, NV 89120
- Loan amount: between $ 500 and $ 10,000
- Term: entre 3 y 36 months
- Extra:Interest rates between 5.99% and 35.99% APRAddress: Chief LLC, 2661 N Pearl St #431 - Tacoma, WA 98407
- Loan amount: between $ 1,000 and $ 35,000
- Term: entre 3 y 720 months
- Extra:Interest rate from 5.99% to 35.89% APRAddress: 278 EAST 1875 SOUTH Roosevelt, UT 84066
- Loan amount: between $ 50 and $ 2,500
- Term: entre 7 days y 12 months
- Extra:Fast loans online and offline, even with bad credit.Interest rate starting at 83% APR.Address: 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062
- Loan amount: between $ 1,000 and $ 35,000
- Term: entre 6 y 72 months
- Extra:Interest rate from 5.99% to 35.99% APR - 216 E 4th St, Austin, TX 78701
- Loan amount: between $ 200 and $ 5,000
- Term: entre 7 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 100 and $ 5,000
- Term: entre 1 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 1,500 and $ 20,000
- Term: entre 24 y 60 months
- Extra:Fast online and offline loans, also securedInterest rate from 18% to 35,99% APR
Address: OneMain Holdings, Inc. 601 N.W. Second Street Evansville, IN 47708-1013
- Loan amount: between $ 200 and $ 5,000
- Term: entre 14 days y 24 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 500 and $ 12,000
- Term: entre 24 y 60 months
- Extra:Secured personal loans up to $12,000 Interest rates from 24% to 35,99% APR
Address: Regional Management Corp. 979 Batesville Road, Suite B Greer, SC 29651
- Loan amount: between $ 200 and $ 5,000
- Term: entre 1 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 1,000 and $ 25,000
- Term: entre 12 y 60 months
- Extra:Quick cash loans, mortgages and auto loans.Interest rates from 16% to 35,99% APR
Address: Mariner Finance, LLC. - 8211 Town Center Drive, Nottingham, MD 21236
- Loan amount: between $ 100 and $ 5,000
- Term: entre 7 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
Due to the aftermath of the crisis, online installment loans have become more popular and are available for both large and small amounts.
In this sense, be aware of the predatory practices of some lenders, who take advantage of those who have a bad credit score to give them money under unfavorable conditions.
One thing you won't find in New Mexico is the famous payday loans. This is because they became illegal as of 2018, thanks to several state regulations that prohibit this sometimes abusive practice.
In fact, this state's House Executive Order 347 establishes the following provisions for personal loans under $5,000:
- Maximum interest rate (APR) of 175%.
- Repayment term of at least 120 days.
- Repayment by a minimum of 4 equal installments.
What are the requirements and documentation for loans in New Mexico?
When you apply for a personal loan at a branch or through an online financing service, you must meet these conditions:
- Be at least 18 years of age.
- Have a stable source of income.
- Be a permanent resident or possess U.S. citizenship.
If you are within these criteria, you will have to complement with a series of documents:
- Personal information: name, date of birth, social security number, and a valid government-issued ID.
- Contact information: phone number (landline and cell phone), current address and email address.
- Details about your job: how long you have been in your current position, monthly income and who your employer is.
How does an online personal loan work for you?
According to statistics from the Experian bureau, New Mexico is the state where people apply for the most personal loans, with an average of 1.7 per consumer.
This reflects the boom in this form of financing, whose total debt represents some $300 billion. Across the United States, there are at least 36.8 million accounts for this product.
The need for urgent and fast cash continues to grow. Its wide availability is due to several factors:
- Easy application. Applying for a personal loan in New Mexico or any other state can be a matter of minutes. Through web platforms, they verify your information in a short time and you can receive the money that same day.
- Multiple alternatives. There are direct lenders, online sites that match you with a lender, online finance companies and other options. It's as easy as opening your computer and searching for personal loans New Mexico.
- It doesn't matter if you have bad credit. If your financial decisions have affected your score, there's nothing to worry about. As long as you have a recurring income, demonstrate responsibility and how to pay, you can get fast financing.
If you live in New Mexico or plan to move there, you know it won't be difficult to find someone to lend you money. To make your search easier, you can use Busconomico's comparator, an efficient tool that also has many useful tips on personal finance.
In addition, with Busconomico you can also check personal loans in other US states, such as Florida, California, Texas, Illinois and New York.
Getting to know New Mexico
Among the 50 states that make up the USA, New Mexico is considered the 5th largest and also the 6th least populated. The capital of this southwestern region is Santa Fe, but the city with the largest number of inhabitants is Albuquerque.
In terms of population, it has an estimated population of more than 2 million people, being the 36th in this category.
This state is also known for having a tax policy that favors its residents and military personnel. Part of this is because there are many federal agencies in this region and filmmaking brings a lot of money into the local economy.
Beyond movies, prosperity in this state depends on different industries, such as oil extraction, mining, dryland farming, timber and cattle ranching.
Along with its capital, the most important cities are: Las Cruces, Rio Rancho, Roswell, Farmington, Farmington, Clovis, Hobbs, Alamogordo and Carlsbad.
New Mexico borders the states of Arizona, Colorado, Oklahoma, Texas and neighboring Mexico.
English: Préstamos personales en Nuevo México (USA)