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 Loans
for Federal Employees
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 have provided medium-term loans for federal employees and United States Postal Service workers for more than 6 years. You make the payments on our New Mexico installment loans for federal employees 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 loans for federal employees in New Mexico to make it easy for you. All you need to do is fill out and sign the loan application documents, and click “submit.” We can 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, Illinois, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah, or Wisconsin, your loan is just a day away!
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
2550 Cerrillos Road, 3rd Floor,
Santa Fe, NM 87505
TEL 505.476.4885
FAX 505.476.4670
http://www.rld.state.nm.us/financialinstitutions/
Loan related:
Pamela Gutierrez, VP of Operations
800-818-1908, ext 501
pgutierrez@coast2coastlenders.com
Kevin Gordon, CEO
800-818-1908, ext 505
kgordon@coast2coastlenders.com
New Mexico Rates & Terms
** 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
Annual
Percentage Rate
95%-200%**
Loan Term- 22
Payroll Deductions
(allotments)
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 21 payments of $43.81 and one payment of $43.70
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
120% - Finance
Charges
$363.71 - Amount
Financed
$600.00 - Total
Payments
$963.71
Potential Fees
Application
Fee – $0
Return Payment
Late Fee – 5% or $10, whichever is less, to be assessed 10 calendar days after the installment is due.
Terms Explained
Amount Financed
Loan Term
Finance charge
Total of payment
APR
APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate.
APR
APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate.