Payday Loans Farmington, NM
Apply online from San Juan County. Unsecured installment loans up to $1500 from a New Mexico-licensed lender whose staff speak Navajo. Approval is not guaranteed.
Farmington sits in San Juan County, in the Four Corners area, and many people there look up payday loans Farmington NM when a bill lands at a bad time. In New Mexico, payday loans are not permitted, but a traditional installment loan can help. Lucky Loans offers unsecured installment loans up to $1500, and you can apply online from Farmington.
We do not have an office in Farmington. Our office is in Gallup, along Historic Route 66, and N. Highway 491 runs north from Gallup toward Farmington. You never need to make that trip to apply. Our staff speak Navajo: Diné bizaad bee yádeiltį. Approval is not guaranteed; every application is reviewed.
Payday Loans Farmington NM: Installment Loans Instead
New Mexico repealed its payday loan provisions effective 2017, so a lender in Farmington cannot offer the old one-payment payday model. What we offer is a traditional installment loan, repaid in set payments. Lucky Loans is not a payday or title lender. Our loans are traditional installment loans, which are much safer for the consumer.
There are no pre-payment penalties, so you can pay early if your situation improves. We also report your good credit. For the bigger picture, see our New Mexico loans page.
Personal Loans Farmington NM: Up to $1500, Applied Online
If you want personal loans Farmington NM residents can request from home, our online form is the way to start. Loans go up to $1500. You need to be a New Mexico resident with a regular income, where permitted by law.
- Apply at /apply-now/ or call 505-863-5825.
- We review the information you provide.
- After review we walk you through signing, and the money is deposited to your bank account the next business day.
At closing we ask for identification, a Social Security card, proof of address, a valid phone number, and paystubs or other income information. Costs depend on your application and credit information, and not all applicants will qualify for the lowest rate. Read about our $1500 loan.
The most New Mexico lets a small lender charge on loans of $10,000 or less is 36% APR, all-inclusive. These examples assume equal monthly payments at that maximum. They are estimates at 36% APR, the NM maximum; your actual terms may differ.
- $500 over 6 months: about $85.79 a month, total $514.74
- $1,000 over 12 months: about $100.46 a month, total $1,205.52
- $1,500 over 6 months: about $257.37 a month, total $1,544.22
- $1,500 over 12 months: about $150.70 a month, total $1,808.28
Check your own numbers with the calculator.
Title Loans Farmington NM: No Collateral, Keep Your Car
In a part of the state where a vehicle is often a necessity, title loans Farmington NM searches make sense, and so does caution. We are not a title lender. Our installment loans require no collateral, no car title is needed, and you keep your car.
If you want to compare, our title loans page explains the difference. Another option to consider is on the payday loan alternatives page.
Bad Credit and Navajo-Speaking Staff
Bad credit? You can still apply. We can review applications even if other places turned you down, but approval is not guaranteed; every application is reviewed. Read more on our bad credit installment loans page.
Many people in the Four Corners region speak Navajo, and our staff do too: Diné bizaad bee yádeiltį. When you call 505-863-5825 you can ask your questions in Navajo or English. We aim for a personal touch with every interaction.
Our office is in Gallup, not Farmington, at 1108 E. Hwy 66.
New Mexico Law and License #02179
Small loan lenders must be licensed by the New Mexico Regulation and Licensing Department, Financial Institutions Division. Lucky Loans, a brand of Excel Finance New Mexico, LLC, holds license #02179, issued August 2, 2018. Since January 1, 2023, the APR on loans of $10,000 or less has been capped at 36%, including fees and credit insurance.
The RLD Financial Institutions Division can be reached at P.O. Box 25101, Santa Fe, NM 87504, (505) 476-4885. Our Gallup office is open Monday to Friday 8:00 am to 6:00 pm and Saturday 8:00 am to 1:00 pm, and closed Sunday.
Installment Loan Examples at the New Mexico 36% APR Cap
| Amount | Term | Monthly payment | Total interest | Total repaid |
|---|---|---|---|---|
| $300 | 6 months | $55.38 | $32.28 | $332.28 |
| $300 | 12 months | $30.14 | $61.66 | $361.66 |
| $500 | 6 months | $92.30 | $53.79 | $553.79 |
| $500 | 12 months | $50.23 | $102.77 | $602.77 |
| $1,000 | 6 months | $184.60 | $107.59 | $1,107.59 |
| $1,000 | 12 months | $100.46 | $205.55 | $1,205.55 |
| $1,500 | 6 months | $276.90 | $161.38 | $1,661.38 |
| $1,500 | 12 months | $150.69 | $308.32 | $1,808.32 |
Estimates at 36% APR, the New Mexico maximum, equal monthly payments. Your actual terms may differ. Try the loan calculator.
Online Loans in Other New Mexico Cities
Frequently Asked Questions
Can I get payday loans in Farmington, NM?
Payday loans are not permitted in New Mexico. Lucky Loans offers traditional installment loans up to $1500 instead. You can apply online from Farmington. Approval is not guaranteed; every application is reviewed.
Do you offer personal loans in Farmington, NM?
Yes, we offer unsecured installment loans up to $1500 to New Mexico residents with a regular income, where permitted by law. Terms depend on your application and credit information.
Do you make title loans in Farmington, NM?
No. We are not a title lender. Our loans require no collateral, so you keep your car and no title is needed.
Can I talk to someone in Navajo?
Yes. Our staff speak Navajo: Diné bizaad bee yádeiltį. Call 505-863-5825 to ask questions in Navajo or English.
Do you have an office in Farmington?
No. We have no office in Farmington. You can apply online or call 505-863-5825. Our office is at 1108 E. Hwy 66 in Gallup.
More Loan Guides
Apply Online From Farmington
Fill out the <a href="/apply-now/" rel="nofollow">short online form</a> or call 505-863-5825. Bad credit is OK to apply. Approval is not guaranteed; every application is reviewed.
Approval is not guaranteed. Every application is reviewed. Loan amounts and terms depend on your application, credit information and New Mexico law. Lucky Loans is licensed by the New Mexico Financial Institutions Division, license #02179.