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New Mexico Installment Loan

An installment loan is a medium-term loan, usually with a higher principal amount than short-term loans. It is repaid gradually in installments over 12 to 24 months. This loan may be repaid early at any time with no prepayment charges.

View our license and/or registration here.

Rates & Terms

Loan Amount

$800 – $3,500

Annual Percentage Rate

129% – 175%

Loan Term

12 – 24 months

Late Fee

5% of the unpaid installment payment or $10, whichever is less, to be assessed 10 calendar days after the installment due date

Actual loan terms may vary based on applicant's qualifications.

APRs may vary based on applicant's qualifications. APRs below 129% are available to existing customers with a positive payment history with CashNetUSA.

How It Works

  1. Apply online in minutes.

  2. Receive an instant lending decision.* Possible decisions include Approved, Need More Information and Declined. If more information is needed, you may need to send in additional documents like paystubs or other proof of income.

  3. Apply early and receive funds as soon as the same business day, if approved.

  4. Repay over your scheduled loan term. You are free to repay early at any time with no penalty.

What It Costs

The chart below represents illustrative examples of the cost of a $1,000 loan. Rates and terms vary based on loan amount. Please see your loan agreement for the annual percentage rate (APR) and other terms applicable to your loan. 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.

If you repaid once a month, you would make 12 payments of $171.19 and one (1) final payment of $170.90:



Finance Charge


Amount Financed


Total of Payments


If you repaid biweekly, you would make 24 payments of $89.46 and one (1) final payment of $89.19:



Finance Charge


Amount Financed


Total of Payments


With an actual installment loan, your repayment might look different than the examples above. For instance, you may be able to borrow more money, or have a longer or shorter repayment period. Or your APR might be different, affecting the total cost of credit.

Consumer Information

Informational Brochures for Consumers

Requirements to Apply for a CashNetUSA Loan

In order to be eligible for any CashNetUSA loan, you must meet our requirements:

18 or older

Verifiable, steady source of income

Active checking account

U.S. citizen or permanent resident

Governing Law


US Complaints Department Manager
175 W. Jackson Blvd 60604 – Chicago, Illinois
Phone: (888) 801-9075

State License

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

Terms Explained

Amount Financed

This is the loan amount.

Example: Jane Smith is approved for a $1,000 loan. This $1,000 is the amount financed.

Loan Term

Your loan term is the amount of time over which you are scheduled to repay your loan. You may also repay early with no penalty.

Example: Based on her application, Jane will make 12 monthly payments. That means her loan term is 12 months.

Finance Charge

The finance charge is the dollar amount your loan will cost you, in addition to the amount financed.

Example: Based on her interest rate, amount financed and loan term, Jane will be charged $1,225.18 in interest as her finance charge.

Total of Payments

This is the sum of the amount financed and the finance charge. It is the total amount you must repay.

Example: Adding together her amount financed and finance charge, Jane’s total of payments comes to $2,225.18.


APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate.