New Mexico Installment Loan

  • Installment Loans from $600 to $3,000
  • Same Day Funding Available
  • Rapid Processing & Approvals
  • Limited Requirements
  • No Prepayment Charges
  • Funds Deposited Directly into Your Checking Account

New Mexico Installment Loan

  • Installment Loans from $600 to $3,000
  • Same Day Funding Available
  • Rapid Processing & Approvals
  • Limited Requirements
  • No Prepayment Charges
  • Funds Deposited Directly into Your Checking Account

New Mexico Installment Loan

Coast 2 Coast Lenders is your perfect solution when you need extra cash to handle the surprises of life. If you are a non-military federal employee, we can get you the cash when you need it. We can provide medium-term loans for federal government and United States Postal Service workers for more than 30 years. You make the payments on our installment loans through payroll deductions (allotments), which typically run 11 months, though you are welcome to pay off the entire loan early without assessing a penalty. How you manage the loan is up to you.

Because our program is dedicated to federal workers, we’re able to streamline our loan process to make it easy for you. All you need to do is fill out and sign the loan application documents, and click “submit.” We cam send you an email approving your loan, and the money shows up in your bank account the next day. Depending upon how quickly things are done, you could get your loan the same day!

Things happen, and too often at times when we really can’t afford them. But for whatever happens, when you need cash to solve a financial matter, Coast 2 Coast Lenders has your solution. We can get you cash, fast and easy.

For non-military, federal employees in Delaware, Mississippi, Missouri, New Mexico, South Carolina, Texas, Utah, or Wisconsin, your loan is just a day away!

Financial Institutions Division

2550 Cerrillos Road, 3rd Floor,
Santa Fe, NM 87505
TEL 505.476.4885
FAX 505.476.4670
http://www.rld.state.nm.us/financialinstitutions/

Coast 2 Coast Lenders, LLC Complaint Information

Loan related:
Pamela Gutierrez, VP of Operations
800-818-1908, ext 501
pgutierrez@coast2coastlenders.com

All other complaints:
Kevin Gordon, CEO
800-818-1908, ext 505

New Mexico Installment Loan

An installment loan is a medium-term loan, usually with a higher principal amount than short-terms loans. It is repaid gradually in installments over 22 payroll deductions (allotments) for a period of roughly 11 months. This loan may be repaid early at any time with no prepayment charges.

Coast 2 Coast Lenders is licensed in State of New Mexico Regulation and Licensing Department Financial Institutions Division

New Mexico Rates & Terms

* Actual loan terms may vary based on applicants qualifications
** APR’s may vary based on calendar days between loan funding and first payment as well as the State of residence of the borrower.

Loan Amount* - $600-$3000

Loan Term- 22 Payroll Deductions (allotments)

Annual Percentage Rate- 95%-200%**

Late Fee- 5% or $10, whichever is less, to be assessed 10 calendar days after the installment is due.

What it Costs

    The chart below represents an illustrative example of the cost of a $600 loan. Please see your loan agreement for the annual percentage rate (APR) and other terms applicable to your loan. If you have any other questions or would like more information, please ask. Make certain the questions are answered. Make sure you understand the terms and cost of your loan.

    If you repaid biweekly through payroll allotments, you would make 22 payments of $41.33 and one payment of $41.27

    With an actual installment loan, your repayment might look different that the example above. For instance, you may be able to borrow more money, or have a longer or shorter repayment period.

    APR
    94.484%

    Finance Charges
    $309.20

    Amount Financed
    $600.00

    Total Payments
    $909.20

    Potential Fees

    Application Fee - $0

    Payroll Deduction Fee (Allotment Processing) $3.00 per payment

    Return Payment Fee - $25.00

    Late Fee- 5% or $10, whichever is less, to be assessed 10 calendar days after the installment is due.

    Terms Explained

     

    Amount Financed

    This is the loan amount. In our example, Joe Borrower is approved for a $600 loan. The $600.00 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. In the example, Joe’s loan is for 22 payroll deductions (allotments) over a period of roughly 11 months.

    Finance Charge

    The finance charge is the dollar amount your loan will cost you, in addition to the amount financed. In the example, Joe’s amount financed will be $309.20 in interest as his 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. In this example, Joe’s amount financed, and finance charge equals a total of payments of $909.20

    APR

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