Online Car Title Loans In New Mexico
Apply with Express Car Title Loans to get a title loan of up to $30,000 in NM. All credit types are accepted and get your cash in one business day!
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- Keep Your Car
- No Need To Check Your Credit
- Loans Up To $50,000 in NM
- Instant Online Approval
Interest Rates With A Title Loan In New Mexico
The APR for a title loan in New Mexico is capped at 36% per House Bill 132 which went into effect in January of 2023. These regulations regulate interest rates for all title loans between $2,500 and $10,000. For loans over $10,000 there is currently no cap on the amount of interest a lender can charge.
Express Car Title Loans has been offering title loans for years, and we can still connect consumers in New Mexico looking for fast cash! While we don't fund loans directly in New Mexico, we're confident we can get you a low interest rate and effective repayment term by tapping into our network of local lenders. Here are a few other reasons why you should consider Express if you ever need to use your car as equity for a loan.
Quick access to cash: You can apply with us online or over the phone quickly, and if approved, you can get your funds that same day. These secured loans are ideal for someone who can't wait days or weeks for a traditional lender to underwrite their loan. With Express, processing your application and inspecting the vehicle takes less than a day. After that, you may need to bring the car in for an inspection, but even that takes 30 minutes or less. Get your funds in person from a local lender in Albuquerque or have the cash directly to your bank account!
We don't check your credit score! While most personal loan lenders will run an extensive credit check, we're more concerned with the equity in your vehicle. Your credit will be important to determine your personal information and to check for serious credit issues such as bankruptcy. But ultimately, your collateral is used to get approved for a title loan in New Mexico. Don't worry about a low FICO score and, instead tap into your vehicle's value with an online title loan.
Continued use of your car. While you use your vehicle's title as security for the loan, you can still drive your car or truck as you please with no issues. These title loans are offered with the understanding that your lender is added as a lienholder to the car's title. That means they don't need to hold the car as collateral and deal with the hassles of storage and maintaining your vehicle. Pay off the loan on time or make extra payments to repay the entire loan balance and you'll get the pink slip back and be done with the loan obligation!
Express Car Title Loans offers car title loans throughout the state. Check out our other locations in New Mexico!