Rates & Terms for New Mexico
Maximum Loan Amount
The maximum loan amount for New Mexico residents will be $2250.00.
Cost of Credit
The chart below represents illustrative examples of the cost of a loan to the borrower. 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.
| Annual Percentage Rate | Finance Charge | Amount financed | Total of payments |
|---|---|---|---|
| The cost of your credit as a yearly rate | The dollar amount the credit will cost you | The amount of credit provided to you on your behalf | The amount you will have paid after you have made all payments as scheduled |
| 443.42% | $115.10 | $100.00 | $215.10 |
Illustrative example of the terms of repayment with a loan date of: 11/26/2008
Payment Schedule:
| Number of Payments | Amount of payments | When payments are due |
|---|---|---|
| 1 | $53.78 | 12/31/2008 |
| 2 | $53.78 | 01/30/2009 |
| 3 | $53.78 | 02/27/2009 |
| 4 | $53.76 | 03/31/2009 |
** This Bank Consumer Installment Loan Rate Schedule provides an illustrative example of a typical extension of credit we offer to qualified applicants. We offer a range of possible combinations of credit terms. The terms listed in this Consumer Bank Installment Loan Rate Schedule may be offered for only a limited period of time.
| Annual Percentage Rate | Finance Charge | Amount financed | Total of payments |
|---|---|---|---|
| The cost of your credit as a yearly rate | The dollar amount the credit will cost you | The amount of credit provided to you on your behalf | The amount you will have paid after you have made all payments as scheduled |
| 403.89% | $83.00 | $100.00 | $183.00 |
Illustrative example of the terms of repayment with a loan date of: 12/17/2008
Payment Schedule:
| Number of Payments | Amount of payments | When payments are due |
|---|---|---|
| 1 | $20.33 | 12/26/2008 |
| 2 | $20.33 | 01/09/2009 |
| 3 | $20.33 | 01/23/2009 |
| 4 | $20.33 | 02/06/2009 |
| 5 | $20.33 | 02/20/2009 |
| 6 | $20.33 | 03/06/2009 |
| 7 | $20.33 | 03/20/2009 |
| 8 | $20.33 | 04/03/2009 |
| 9 | $20.36 | 04/17/2009 |
** This Bank Consumer Installment Loan Rate Schedule provides an illustrative example of a typical extension of credit we offer to qualified applicants. We offer a range of possible combinations of credit terms. The terms listed in this Consumer Bank Installment Loan Rate Schedule may be offered for only a limited period of time.
Governing Law
The loan agreement will be governed by the applicable laws of your state. Questions or complaints should be directed to your state's regulatory agency. Click here for contact information.
CashNetUSA is licensed in New Mexico by the Regulation and Licensing Department.
