Come in today to see if you qualify for a cash loan with your clean and clear title or get a personal installment loan. We offer loans from $250 to $25000.
Contact the Money Now Loan Center for additional details:
Money Now Taos (575) 758-7822
Call us today! We’re here to help!:)
Personal installment loans in Taos at a glance
How an installment loan works: a $1,000 example
Instead of paying everything back at once, you split the loan into equal monthly payments. Here is what a $1,000 personal installment loan repaid over 6 months looks like at the New Mexico maximum of 36% APR:
- Day 1You sign and receive $1,000. Before you sign you see the APR, finance charge, total of payments and payment schedule.
- Months 1–6You pay $184.60 each month. Part of every payment reduces what you owe, part is interest.
- Month 6The loan is paid off. Total repaid: $1,107.59, of which $107.59 is interest.
Example only. Your amount, APR and term are set when you apply. Use the calculator below to try other amounts.
Estimate your monthly payment
Move the sliders to see what an installment or title loan could cost. New Mexico law caps the APR on loans of $10,000 or less at 36%, including most fees.
Estimated monthly payment
$100.46
- Total interest
- $205.55
- Total repaid
- $1,205.55
Principal Interest
Example payments at 36% APR
| Loan amount | Term | Monthly payment | Total interest | Total repaid |
|---|---|---|---|---|
| $500 | 6 months | $92.30 | $53.79 | $553.79 |
| $1,000 | 12 months | $100.46 | $205.55 | $1,205.55 |
| $2,500 | 12 months | $251.16 | $513.86 | $3,013.86 |
| $5,000 | 24 months | $295.24 | $2,085.69 | $7,085.69 |
| $10,000 | 36 months | $458.04 | $6,489.37 | $16,489.37 |
Estimates only, based on equal monthly payments and simple amortization; not an offer of credit. Your actual APR, payment and term depend on your application, income and, for title loans, your vehicle. Title loans over $10,000 are quoted in store — call (575) 758-7822.
Installment loan or title loan: which fits you?
Personal installment loan
$250–$2,500loan amount
- You needValid ID and proof of income
- CollateralNone
- RepaymentFixed monthly payments
- Example$1,000 over 12 months ≈ $100.46/mo at 36% APR
Best for: Smaller needs without putting up a vehicle
Auto title loan
Up to $25,000loan amount
- You needClean and clear NM title in your name, insured and registered vehicle, proof of income
- CollateralYour vehicle title — you keep driving
- RepaymentFixed monthly payments
- ExampleAmount depends on your vehicle’s value
Best for: Larger amounts when you own your vehicle outright
Good to know: short-term single-payment payday loans are not offered in New Mexico. Since 2018 state law has required small consumer loans to be repaid in installments.
Who can apply
- 18 or older with a valid government ID
- Regular monthly income you can show
- A budget that fits the monthly payment
- For a title loan: a clean and clear New Mexico title in your name
What to have ready
- Valid driver’s license or ID
- Proof of income
- Your phone number and address
- For a title loan: the vehicle, title, insurance, registration and spare key (full list)
What you see before you sign
Federal Truth in Lending rules and New Mexico law mean every Money Now loan comes with clear written terms. Before you commit, you get:
APR
The yearly cost of the loan, including most fees — never more than 36% on loans up to $10,000.
Finance charge
The dollar cost of borrowing: the interest you will pay over the whole loan.
Payment schedule
How many payments, how much each one is and when each one is due.
Total of payments
Everything you will have paid once the loan is finished.
Borrow smart: is an installment loan right for you?
Good reasons to borrow
- A one-time expense such as a car repair, medical bill or deposit
- The monthly payment fits comfortably in your budget
- You want fixed payments instead of one large bill
Think twice if…
- You would need a new loan to make the payments
- The payment would leave you short on rent or utilities
- You are not sure how you will repay — talk to us first
Questions about a payment? Call Money Now Taos at (575) 758-7822 before the due date so we can talk through your options.
Why Taos borrowers trust Money Now
Licensed in New Mexico
Licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division.
A real local office
Talk to a person at 1204 A Paseo Del Pueblo Norte, El Prado — not a call center.
Rates within state limits
APR capped at 36% on loans up to $10,000, with every cost disclosed in writing.
Clear complaint process
Our contact and the state regulator’s contact are listed below, as New Mexico requires.
Installment loan questions from Taos borrowers
What is a personal installment loan?
It is a loan you repay in fixed, scheduled payments over several months instead of one lump sum. At Money Now Taos personal installment loans range from $250 to $2,500, and your payment stays the same for the life of the loan.
How much will a $1,000 installment loan cost?
At the New Mexico maximum of 36% APR, a $1,000 loan repaid over 12 months is about $100.46/month, or $205.55 in interest. Over 6 months it is about $184.60/month and $107.59 in interest. Your exact APR and payment are shown before you sign.
Can I get an installment loan with bad credit?
You can apply. Approval depends on your application, including your income, and is not guaranteed. We will tell you honestly what you qualify for.
Is an installment loan better than a payday loan?
Since 2018 New Mexico has required small consumer loans to be repaid in installments rather than one short-term payday payment. Spreading the cost over several fixed payments is usually easier to budget for than repaying everything on your next payday.
Will an installment loan help my credit?
New Mexico requires licensed small-loan lenders to report loan performance to a consumer reporting agency, so paying on time can count toward your credit history. Late payments can hurt it, so borrow only what you can repay.
What do I need to apply for an installment loan in Taos?
A valid ID and proof of income. Bring them to our office at 1204 A Paseo Del Pueblo Norte, or start your request online and we will tell you if anything else is needed.
How fast can I get the money?
A title loan usually takes 30 minutes to an hour once you bring the documents. For a personal installment loan, call (575) 758-7822 and we will tell you how long the review takes.
Apply Online Call (575) 758-7822
To report a problem or complaint with this lender, you may write or call Joell Liebau, PO Box 215, El Prado, NM 87529 (505)635-4675. [email protected]
This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504.
To report any unresolved problems or complaints, contact the division by telephone at 505-476-4885.