How To Qualify For A Grants, NM, Installment Loan
If you need to pay off an impending bill or cover the cost of an urgent repair, a Grants, NM, installment loan may be an option to meet your financial difficulties head-on. These short-term loans work with borrowers who need up to $1,000+ without the need for collateral or positive credit history.
Qualifying for installment loans in Grants, NM, differs from preparing for loans from traditional lenders. It’s easier and can save you time! That’s why this short guide will break down the following:
- What you need to qualify for a Grants, NM, installment loan
- How to apply
- FAQs on installment loans
Qualifying For Installment Loans In Grants, NM
New Mexico Title Loans, Inc. makes qualifying for a Grants, NM, installment loan quick and easy. These loans have the following requirements:
- 18 years of age
- Driver's license or state-issued I.D.
- Proof of income
- A checking account under your legal name
Our installment loans do not require collateral, meaning your home, car, and assets stay safe. We trust that our borrowers will repay us as signed on the contract, but we still need to be sure you will have the funds to do so. This is done through proof of income, which could be your most recent pay stub.
If you receive income from another source, official documentation or bank statements may be used instead. Speak with one of our loan representatives to learn more.
To prove you have a checking account in your name, you’ll also need to provide a recent statement from the account. Make sure you are the sole owner of the account and that your account name matches the one on your state I.D.
Applying For Installment Loans In Grants, NM
If you meet our simple requirements list, you’re ready to apply for your Grants, NM, installment loan. First, complete and submit the form at the top of our main page. Be sure you choose the “installment loan” option, as New Mexico Title Loans, Inc. also offers distinct title loans.
The information from this page will be sent to the office nearest you, from which one of our representatives will call you. Once your details are confirmed, you’ll meet with them at our office and present your documents. This face-to-face meeting can last as little as half an hour.
Your questions will be answered during the meeting, and you’ll soon receive your loan approval decision. If approved, you can access your installment loan that same day or the following business day.
Installment Loan FAQ:
Who Qualifies For Installment Loans?
You can apply for a Grants, NM, installment loan if you are a New Mexico resident who needs up to $1,250 to cover an urgent cost. You need a state I.D., some form of verifiable income, and a personal bank account to qualify.
Do Installment Loans Require Collateral?
Installment loans are unsecured loans, meaning they don’t require any collateral. You can rest easy knowing your home, car, and other assets will remain in your possession regardless of your loan.
Can I Complete The Application Online?
We have more than 15 locations to choose from across New Mexico to make the process as convenient as possible. Most of our applicants begin their application online, but you must finish it at our local office. This is where our trusted rep will look over your documents, answer any questions, and finalize your loan contract.
Do I Need Good Credit To Get An Installment Loan?
New Mexico Title Loans, Inc. does not require good, fair, or existing credit to apply for an installment loan. Unlike traditional banks, we work with people with all credit histories.
Can I Be Unemployed And Qualify For An Installment Loan?
You must prove you have regular income to repay the installment loan in the future. Suppose you aren’t employed but receive money from another source (disability, alimony, etc.). In that case, you may still be eligible for an installment loan – speak to one of our representatives to see if you qualify today.
Are There Alternatives To An Installment Loan?
Even with our low-barrier entry, some people may only qualify for installment loans if they have income or need to set up a bank account. However, if you have a paid-off, lien-free vehicle title, you may still be eligible for an online title loan in New Mexico. Check out our title loan information page to learn more.
Get Your Grants, NM, Installment Loan Today
If you have your I.D., proof of income, and checking account statement ready, you can begin and finish your installment loan application today. The Grants, NM, installment loan application begins on our homepage, where you’ll fill in your contact information to get started.
After meeting with one of our loan representatives at a local office, you’ll have all your questions answered, and your paperwork checked over. If approved, you will receive the money you need on that day or the following business day.
Don’t let your urgent bills loom any longer – get the money you need through an installment loan now.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.