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Loan Cost and Terms

New Mexico

PayDay One is committed to providing great rates to our customers. In fact, we are the only online lender that offers a Great Rate Guarantee. We shop around so you don’t have to. But if you do find a lower price from another online lender we'll match it.

Maximum Loan Amount

The maximum loan amount for New Mexico residents is $700.

Below is the Fee Schedule for a 14 day loan. To view different terms, change the days of loan below.

Days of Loan:

Loan
Amount/
Cantidad de
Prestamo
Total
Interest
and Fees/
Interes y
Cargos total
Total Due/
Deuda Total
APR/
Porcentaje
de Interes
Anual
$100 $15.50 $115.50 404.11%
$150 $23.00 $173.00 399.76%
$200 $30.50 $230.50 397.59%
$250 $38.00 $288.00 396.29%
$300 $45.50 $345.50 395.42%
$350 $53.00 $403.00 394.80%
$400 $60.50 $460.50 394.33%
$450 $68.00 $518.00 393.97%
$500 $75.50 $575.50 393.68%
$550 $83.00 $633.00 393.44%
$600 $90.50 $690.50 393.24%
$650 $98.00 $748.00 393.08%
$700 $105.50 $805.50 392.93%

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Repayment Option(s)

Your loan must be paid in full on your scheduled due date.

Fees and Charges

A non-refundable Verification Fee of $.50 will be charged in connection with this loan.

Repayment Plan Notice – English

If you cannot fully repay a payday loan when due, you have a right to enter into a payment plan requiring payment within a minimum of one hundred thirty days, in relatively equal installments, based upon your scheduled pay periods. If you enter into a payment plan, you will not have to pay an additional administrative fee or interest on the outstanding principal balance or any unpaid administrative fees.

Aviso Del Plan Del Reembolso – Espanol

Si usted no puede pagar completamente su préstamo de día de paga cuando lo debe, usted tiene el derecho de entrar en un plan de repago que requiere el pago dentro de un mínimo de ciento treinta días, en plazos relativamente iguales, basado sobre sus períodos de pago de salario. Si usted entra en un plan de pago, usted no tendrá que pagar los honorario administrativos ni el interés adicional en el principal sobresaliente, ni ningún honorario administrativo que no ha pagado.


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© 2002 - 2008 PayDay One All Rights Reserved.

IMPORTANT DISCLOSURES: PayDay One and its affiliates offer payday advances, installment loans and credit services only to residents in those states where permitted by law. To obtain a loan, you must have a valid checking account and email address. In most cases loans will be funded the next business day without requiring any faxing of information unless we are unable to verify your application information. Great Rates refers to rates as compared to other similarly licensed online lenders.

CONSUMER NOTICE: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

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