Personal Loans Las Cruces, NM
A licensed New Mexico lender you can reach online from Doña Ana County. Unsecured installment loans up to $1500. Approval is not guaranteed; every application is reviewed.
If you are looking for personal loans Las Cruces residents can apply for without leaving home, Lucky Loans offers a straightforward option. We make traditional installment loans up to $1500 to New Mexico residents with a regular income, where permitted by law. There is no collateral to put up, and you keep your car.
Lucky Loans is a New Mexico-licensed lender, Excel Finance New Mexico, LLC. We do not have an office in Las Cruces. You apply online from Las Cruces, and our office is in Gallup. Loans are repaid in set payments with no pre-payment penalties. Bad credit? You can still apply. Approval is not guaranteed; every application is reviewed.
Personal Loans Las Cruces NM: Who Can Apply
Las Cruces is the seat of Doña Ana County and home to New Mexico State University. Whether you work at the university, in a local business, or somewhere else in the county, the basic rule is the same for personal loans Las Cruces NM applicants: you need to be a New Mexico resident with a regular income.
You can start at our online application or call 505-863-5825 with questions. At closing we ask for identification, a Social Security card, proof of address, a valid phone number, and paystubs or other income information. Income from alimony, child support, or separate maintenance does not need to be disclosed if you do not want it considered.
Installment Loans in Las Cruces: How Repayment Works
An installment loan is paid back in equal payments over a set period, so each payment is predictable. There are no pre-payment penalties, which means you can pay ahead without being charged for it. We also report your good credit, so on-time payments can help your record.
The process is simple. Submit the form online, and we review your application. If you are approved, after review we walk you through signing, and the money is deposited to your bank account the next business day. Costs are set at application and depend on your application and credit information. Not all applicants will qualify for the lowest rate. Our $1500 loan page has more detail.
New Mexico caps APR at 36% on loans of $10,000 or less. These examples use 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
Use the calculator to compare amounts and lengths before you apply.
Payday Loans Las Cruces: What Replaced Them
Many people still search for payday loans Las Cruces because they remember the old model. New Mexico repealed its payday loan provisions effective 2017, and lenders now use installment loans. Lucky Loans is not a payday or title lender. Our loans are traditional installment loans, which are much safer for the consumer.
If you want to weigh your choices first, see our payday loan alternatives page and the overview of loans in New Mexico. Bad credit is OK to apply, though approval is not guaranteed; every application is reviewed. See bad credit installment loans.
Title Loans Las Cruces: Keep Your Car
Searching for title loans Las Cruces usually means you need cash but have a vehicle you cannot afford to lose. Our installment loans require no collateral. You do not hand over a car title, and you keep your car. We are not a title lender.
That makes ours an unsecured installment loan, repaid in set payments. For a comparison, read about how we handle title loan questions.
Licensed in New Mexico: License #02179
Small loan lenders in New Mexico must be licensed by the Regulation and Licensing Department, Financial Institutions Division. Excel Finance New Mexico, LLC, doing business as Lucky Loans, holds license #02179, issued August 2, 2018. Since January 1, 2023, House Bill 132 has capped the all-inclusive APR at 36% on loans of $10,000 or less.
You can reach the RLD Financial Institutions Division at (505) 476-4885. Our office, at 1108 E. Hwy 66 in Gallup, is open Monday to Friday 8:00 am to 6:00 pm and Saturday 8:00 am to 1:00 pm. Our staff speak Navajo and English, and bring a personal touch to every interaction.
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 personal loans in Las Cruces, NM online?
Yes, you can apply online from Las Cruces for an unsecured installment loan up to $1500, if you are a New Mexico resident with a regular income and it is permitted by law. Approval is not guaranteed; every application is reviewed.
Are payday loans available in Las Cruces?
Payday loans are not permitted in New Mexico. We offer traditional installment loans instead, repaid in set payments with no pre-payment penalties.
What are installment loans in Las Cruces like?
You borrow a set amount, up to $1500 with Lucky Loans, and repay it in equal payments. Terms depend on your application and credit information, and the APR cannot exceed the 36% New Mexico cap.
Do you make title loans in Las Cruces?
No. We are not a title lender. Our loans require no collateral, no car title is needed, and you keep your car.
Do you have an office in Las Cruces?
No. We have no office in Las Cruces. Apply online or call 505-863-5825. Our office is at 1108 E. Hwy 66 in Gallup.
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Start Your Las Cruces Application
Apply on our <a href="/apply-now/" rel="nofollow">online form</a> or call 505-863-5825 with questions. 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.