$100 - $100,000
CS: 0 • 5.96% - 35.99%
Best Loans in New Mexico, Payday, Auto Title Laws of September 2026
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Loans By State •
Last Update: September 1, 2026
Best Loans in All States
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$100 - $40,000
CS: 0 • 5.99% - 35.99%
$100 - $100,000
CS: 0 • 5.96% - 35.99%
$100 - $20,000
CS: 0 • 5.99% - 35.99%
$100 - $5,000
CS: 0 • 5.99% - 35.99%
New Mexico’s Small Loan Act prohibits licensed lenders from offering loans over $5,000. APRs are capped at 175%, while terms require a minimum of 120 days and allow the borrower to repay the loan over at least four equal installments. After the loan is more than 10 days past due, delinquency charges will be applied. They cannot exceed $0.05 per $1 outstanding or up to a maximum of $10.
However, banking corporations, savings and loan associations, and credit unions are exempt from the regulations.
Best Bad Credit Loans in New Mexico of September 2026
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To learn how bad credit loans differ from other types of loans, see our complete guide.
Best Personal Loans for Good Credit in New Mexico of September 2026
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Payday Loan Laws in New Mexico of September 2026
Traditional payday loans are illegal in New Mexico.
House Bill 347 went into effect on January 1, 2018, requiring payday lenders to follow the same small loan regulations listed above. And while the 175% APR cap makes payday loans profitable, the 120-day term minimum – and minimum four equal installments – effectively outlaws the traditional payday model.
Payday Loan Laws in New Mexico by Country of September 2026
ElitePersonalFinance analysis of payday loan laws by countries in the State of New Mexico.
Note: Payday loans in New Mexico are prohibited. However, loans of up to $5,000 are allowed but capped at 175% APR. These loans are allowed only if they are repaid in at least 4 installments and a minimum repayment period of at least 120 days.
As you can see, New Mexico allows loans that are something between payday loans and personal loans. These types of loans can’t be categorized exactly under personal and payday loans.
| City: | Amount Allowed: | APR Allowed: | Status: |
|---|---|---|---|
| City:Albuquerque | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Las Cruces | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Rio Rancho | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Santa Fe | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Roswell | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Farmington | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:South Valley | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Clovis | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Hobbs | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Alamogordo | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Carlsbad | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Gallup | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Sunland Park | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Los Lunas | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Chaparral | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Deming | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Las Vegas | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Los Alamos | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:North Valley | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Artesia | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Portales | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Lovington | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Española | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Silver City | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Anthony | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Bernalillo | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Grants | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Shiprock | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Socorro | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Corrales | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Bloomfield | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Ruidoso | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Zuni Pueblo | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Belen | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Aztec | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Raton | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Los Ranchos de Albuquerque | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Lee Acres | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:North Hobbs | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Edgewood | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Taos | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Eldorado at Santa Fe | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Truth or Consequences | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Los Chaves | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:White Rock | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Santa Teresa | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Paradise Hills | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Tucumcari | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:El Cerro Mission | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Rio Communities | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Placitas CDP | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Meadow Lake | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Holloman AFB | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Bosque Farms | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Milan | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Peralta | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:La Cienega | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Santa Rosa | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Sandia Heights | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:University Park | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Clayton | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
| City:Eunice | Amount Allowed:$5,000 | APR Allowed:175% | Status:Prohibited |
Best Auto Loans for Bad Credit in New Mexico of September 2026
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Best Auto Loans for Good Credit in New Mexico of September 2026
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FHA Loans in New Mexico of September 2026
New Mexico has 33 counties with FHA Limits ranging from a low of $331,760 for a 1-bedroom unit in Bernalillo County to a high of $829,350 for a 4-bedroom unit in Los Alamos County.
| County: | Single Unit Limit (lowest): | Four-Plex Limit (highest): |
|---|---|---|
| County:Bernalillo County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Catron County | Single Unit Limit (lowest):$401,350 | Four-Plex Limit (highest):$771,850 |
| County:Chaves County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Cibola County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Colfax County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Curry County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:De Baca County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Dona Ana County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Eddy County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Grant County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Guadalupe County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Harding County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Hidalgo County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Lea County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Lincoln County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Los Alamos County | Single Unit Limit (lowest):$431,250 | Four-Plex Limit (highest):$829,350 |
| County:Luna County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Mckinley County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Mora County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Otero County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Quay County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Rio Arriba County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Roosevelt County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:San Juan County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:San Miguel County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Sandoval County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Santa Fe County | Single Unit Limit (lowest):$380,650 | Four-Plex Limit (highest):$732,000 |
| County:Sierra County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Socorro County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Taos County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Torrance County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Union County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
| County:Valencia County | Single Unit Limit (lowest):$331,760 | Four-Plex Limit (highest):$638,100 |
Business Loans in New Mexico of September 2026
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All Licensed Credit Unions in New Mexico of September 2026
| Name: | City: | Size (Millions): | Members: |
|---|---|---|---|
| Name:NEW MEXICO EDUCATORS FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$1,151.19 | Members:133722 |
| Name:SANDIA LABORATORY FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$1,750.50 | Members:65724 |
| Name:U.S. NEW MEXICO FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$681.21 | Members:64068 |
| Name:SANDIA AREA FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$406.49 | Members:54303 |
| Name:FIRST FINANCIAL CREDIT UNION | City:Albuquerque | Size (Millions):$378.92 | Members:50107 |
| Name:KIRTLAND FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$595.08 | Members:38203 |
| Name:DEL NORTE CREDIT UNION | City:Los Alamos | Size (Millions):$400.96 | Members:36221 |
| Name:STATE EMPLOYEES CREDIT UNION | City:Santa Fe | Size (Millions):$307.72 | Members:33953 |
| Name:OTERO FEDERAL CREDIT UNION | City:Alamogordo | Size (Millions):$242.34 | Members:32673 |
| Name:WHITE SANDS FEDERAL CREDIT UNION | City:Las Cruces | Size (Millions):$240.57 | Members:26953 |
| Name:RIO GRANDE CREDIT UNION | City:Albuquerque | Size (Millions):$181.70 | Members:20312 |
| Name:ANIMAS CREDIT UNION | City:Farmington | Size (Millions):$110.49 | Members:15981 |
| Name:ZIA CREDIT UNION | City:Los Alamos | Size (Millions):$133.13 | Members:13098 |
| Name:GUADALUPE CREDIT UNION | City:Santa Fe | Size (Millions):$112.70 | Members:12405 |
| Name:CANNON FEDERAL CREDIT UNION | City:Clovis | Size (Millions):$54.38 | Members:8245 |
| Name:HIGH PLAINS FEDERAL CREDIT UNION | City:Clovis | Size (Millions):$40.76 | Members:7273 |
| Name:ARTESIA CREDIT UNION | City:Artesia | Size (Millions):$84.23 | Members:6602 |
| Name:EDDY FEDERAL CREDIT UNION | City:Carlsbad | Size (Millions):$48.21 | Members:6248 |
| Name:CHINO FEDERAL CREDIT UNION | City:Silver City | Size (Millions):$25.41 | Members:5614 |
| Name:LEA COMMUNITY FEDERAL CREDIT UNION | City:Hobbs | Size (Millions):$34.17 | Members:5525 |
| Name:EVERYONE’S FEDERAL CREDIT UNION | City:Tucumcari | Size (Millions):$21.89 | Members:4868 |
| Name:SOUTHWEST FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$48.97 | Members:4821 |
| Name:FOUR CORNERS FEDERAL CREDIT UNION | City:Kirtland | Size (Millions):$19.89 | Members:4286 |
| Name:LOCO CREDIT UNION | City:Alamogordo | Size (Millions):$28.35 | Members:3895 |
| Name:FINANCIAL SECURITY CREDIT UNION | City:Carlsbad | Size (Millions):$28.60 | Members:3227 |
| Name:NEW MEXICO CENTRAL CREDIT UNION | City:Albuquerque | Size (Millions):$26.51 | Members:2975 |
| Name:NEW MEXICO ENERGY FEDERAL CREDIT UNION | City:Albuquerque | Size (Millions):$48.26 | Members:2834 |
| Name:CHAVES COUNTY SCHOOL EMPLOYEES CREDIT UNION | City:Roswell | Size (Millions):$18.82 | Members:2625 |
| Name:ESTACADO CREDIT UNION | City:Lovington | Size (Millions):$10.32 | Members:1992 |
| Name:CUBA CREDIT UNION | City:Cuba | Size (Millions):$10.39 | Members:1924 |
| Name:BELEN RAILWAY EMPLOYEES CREDIT UNION | City:Belen | Size (Millions):$21.94 | Members:1858 |
| Name:NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION | City:Santa Fe | Size (Millions):$16.87 | Members:1854 |
| Name:ROSWELL COMMUNITY FEDERAL CREDIT UNION | City:Roswell | Size (Millions):$18.28 | Members:1794 |
| Name:JEMEZ VALLEY CREDIT UNION | City:Jemez Springs | Size (Millions):$16.60 | Members:1652 |
| Name:LOS ALAMOS SCHOOLS CREDIT UNION | City:Los Alamos | Size (Millions):$14.99 | Members:1582 |
| Name:BAB CREDIT UNION | City:Aztec | Size (Millions):$5.11 | Members:1327 |
| Name:FORT BAYARD FEDERAL CREDIT UNION | City:Santa Clara | Size (Millions):$4.07 | Members:1243 |
| Name:INTERNATIONALITES FEDERAL CREDIT UNION | City:Carlsbad | Size (Millions):$7.78 | Members:1119 |
| Name:U-1ST COMMUNITY FEDERAL CREDIT UNION | City:Carlsbad | Size (Millions):$6.23 | Members:1112 |
| Name:PERMACULTURE CREDIT UNION | City:Santa Fe | Size (Millions):$5.39 | Members:1061 |
| Name:QUAY SCHOOLS FEDERAL CREDIT UNION | City:Tucumcari | Size (Millions):$5.72 | Members:1022 |
| Name:TELCO ROSWELL NEW MEXICO FEDERAL CREDIT UNION | City:Roswell | Size (Millions):$5.57 | Members:957 |
| Name:QUESTA CREDIT UNION | City:Questa | Size (Millions):$6.00 | Members:907 |
| Name:THE FLORIST FEDERAL CREDIT UNION | City:Roswell | Size (Millions):$6.38 | Members:897 |
| Name:DEMING SCHOOLS EMPLOYEES CREDIT UNION | City:Deming | Size (Millions):$3.92 | Members:650 |
| Name:ST. GERTRUDE’S CREDIT UNION | City:Mora | Size (Millions):$1.75 | Members:639 |
| Name:RINCONES PRESBYTERIAN CREDIT UNION | City:Chacon | Size (Millions):$3.05 | Members:634 |
| Name:MT TAYLOR FEDERAL CREDIT UNION | City:Milan | Size (Millions):$1.82 | Members:411 |
| Name:NEW MEXICO CORRECTIONAL EMPL FEDERAL CREDIT UNION | City:Santa Fe | Size (Millions):$1.44 | Members:394 |
| Name:COLFAX SCHOOL EMPLOYEES CREDIT UNION | City:Raton | Size (Millions):$0.40 | Members:186 |
