Online Personal Loans in New Mexico
Residents of New Mexico in difficult financial situations can always rely on personal loans from 36MonthLoans . Personal loans in New Mexico are designed to meet the financial requirements of the borrower with above average credit score, just below prime. The personal loans have a number of features that place them clearly above other online loans quality-wise. Some of these features are, a higher loan amount, lending period up to 36 months, ability to repay in bi-weekly or monthly installments and last but not least, a much lower interest rate.
New Mexico - Rates & Terms
$1,000 - $25,000
Interest Rate / APR:
Variable (more details
12 months - 36 months
If you meet the requirements and qualify for one of our personal loans we will provide you with a financial solution tailored to your needs, based on your financial eligibility. Once approved for a loan you will be provided the full details of the offer including: interest rate, repayment term, payment amount and the total cost of the loan.
Credit Scores in New Mexico:
According to the research performed by Experian, one of the most important credit reporting company, the average credit score over the state of New Mexico was 699 in 2011. With a 699 average credit score, New Mexico ranked 19th out of all the 50 states, when the U.S. average was 687. According to the research this state is also the most southern state with an above average statewide credit score.
More about Installment Loans in New Mexico
The southwestern state of New Mexico is the 5th most extensive state in the USA, the 6th according to population density and 36th according no number of residents. New Mexico is also considered one of the Mountain States, being the most southern state that through which the Rocky Mountains passes. New Mexico is a unique state both culturally and demographically, due to it's influences from the hispanic and native american population.
The major industries that drivers New Mexico's income are: oil and gas production, agriculture and mining, industrial manufacturing, energy production as well as tourism and retirement. Lumber mills are also important for New Mexico's yearly revenue. The energy industry of New Mexico focuses both on traditional fossil fuels which can be found in large quantities in New Mexico as well as alternative energy sources such as solar energy.
New Mexico is a rich state, both culturally and economically but like any other state in the USA there can be a large difference between the highest and the lowest incomes. Because of this financial help may sometimes be required. 36MonthLoans can supply that need for financing with easy online personal loans.
State of New Mexico Economic Indicators:
- Income per capita: $33,837 (in 2010); 
- Average weekly wage: $781 (3rd quarter of 2013); 
- Average household income: $41.963 (2011); 
- State expenditures ($ in millions): 15,198 (2012); 
- Unemployment rate: 7.2% (April 2012)