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New Mexico (NM) lender directory

Installment Loans in New Mexico

Looking for an installment loan near you in New Mexico? Pick your city below. We list 46 stores in 30 New Mexico cities, built from lenders' own store pages. Data last checked October 9, 2026.

Read our guide: Installment Loans vs. Payday Loans: Costs, Terms and Which Is Safer

Payday loans in New Mexico: rates capped at 36% →

Title loans in New Mexico: rates capped at 36% →

Installment loans by city

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Installment loans in New Mexico: the rules

Rules marked "medium confidence" were checked against a published copy of the statute because the official site was unavailable to us. Confirm them with the official text before relying on them.

  • A small loan company can make loans up to $10,000. Source: NMSA 58-15 · verified Oct 9, 2026 · medium confidence
  • An installment loan must be repaid in a minimum of four substantially equal payments of principal and interest. Source: NMSA 58-15-2(F) · verified Oct 9, 2026 · medium confidence
  • An installment loan has a minimum initial stated maturity of 120 days. Source: NMSA 58-15-2(F) · verified Oct 9, 2026 · medium confidence
  • A New Mexico small loan lender cannot make a loan with an annual percentage rate (including fees and add-on products) above 36 percent. If the prime rate stays above 10 percent for three months, the cap rises by the number of points prime is above 10. Source: NMSA 58-15-17(J), (L) · verified Oct 9, 2026 · medium confidence
  • On a loan of $500 or less, a fee of up to 5 percent of the principal is allowed on top of the 36 percent APR cap, and it can be charged only once per borrower in any 12-month period. Source: NMSA 58-15-17(J)(4) · verified Oct 9, 2026 · medium confidence

Lenders in New Mexico are licensed by the New Mexico Regulation and Licensing Department, Financial Institutions Division. See also online lenders and apps in New Mexico.

Questions people ask

Are payday loans legal in New Mexico?

We list no payday loan stores in New Mexico. A New Mexico small loan lender cannot make a loan with an annual percentage rate (including fees and add-on products) above 36 percent. If the prime rate stays above 10 percent for three months, the cap rises by the number of points prime is above 10 (NMSA 58-15-17(J), (L)).

How many installment lenders are in New Mexico?

We list 46 installment lenders in New Mexico, in 30 cities.

Which New Mexico cities have the most installment lenders?

Albuquerque (7), Gallup (3), Las Cruces (3), Farmington (2) and Hobbs (2).

How much can lenders charge in New Mexico?

A New Mexico small loan lender cannot make a loan with an annual percentage rate (including fees and add-on products) above 36 percent. If the prime rate stays above 10 percent for three months, the cap rises by the number of points prime is above 10 (NMSA 58-15-17(J), (L)). More limits are listed under the state rules on this page.

How do I check a lender's license in New Mexico?

Lenders in New Mexico are licensed by the New Mexico Regulation and Licensing Department, Financial Institutions Division. Contact the regulator, or use NMLS Consumer Access for lenders licensed through NMLS.

Answers are generated from the listings and verified rules on this page; see Sources below.

Sources

Listings, statistics and rules on this page come from these sources, with how many locations each one supplied.

  1. World Finance locations (NM) · 35 locations Last verified Oct 11, 2026
  2. OneMain Financial branches (NM) · 11 locations Last verified Oct 11, 2026
  3. OpenStreetMap (Overpass API), NM · 6 locations Last verified Oct 11, 2026 © OpenStreetMap contributors, ODbL 1.0
  4. NMSA 58-15-1 et seq., NMSA 58-15, NMSA 58-15-2(F) · General rules, Installment and consumer finance loans Last verified Oct 9, 2026 · medium confidence
  5. NMSA 58-15, 58-7, HB 132 (2023) · General rules Last verified Oct 9, 2026 · medium confidence
  6. NMSA 58-15-17(J), (L), NMSA 58-15-17(J)(4) · Installment and consumer finance loans Last verified Oct 9, 2026 · medium confidence

We re-check sources regularly and show the date each was last verified. Spotted a mistake? Tell us and we'll check it against the source.

CashAdvance is not a lender and does not take applications. Listings are information only, built from public records (such as state license lists) and lenders' own published details. Confirm hours, fees and terms with the lender before you visit or borrow.