Rates and terms are customized to each customer and their financial situation. Rates are based on the customer’s credit, employment and loan repayment history, as well as a number of other factors. The table below shows loan examples offered to recent RISE customers. If approved, the specific rate and terms of your loan agreement will be unique to your financial situation.
Number of Bi-Weekly Payments
Amount Per Payment
TERMS AND CONDITIONS FOR YOUR STATE
Rates are calculated using the simple interest method. APR calculation is based on bi-weekly payments with your first payment being 14 days from the loan effective date. Annual percentage rates (APRs) may vary based on loan term. Please see your loan agreement for the APR and other terms applicable to your loan.
LOAN RATES AND FEES
BELOW IS GENERAL INFORMATION REGARDING ALL RATES AND FEES THAT WOULD ASSIST YOU IN MAKING YOUR LOAN DECISION.
IF YOU HAVE ANY QUESTIONS, OR WOULD LIKE MORE INFORMATION, PLEASE ASK. MAKE CERTAIN THE QUESTIONS YOU ASK ARE ANSWERED. MAKE CERTAIN YOU UNDERSTAND THE TERMS AND COSTS OF YOUR LOAN.
ANNUAL PERCENTAGE RATE (APR)
The cost of your credit as a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges.
Your actual terms and the Annual Percentage Rate (APR) will be determined at the time your application is submitted and will be based upon your application and credit information. Not all applicants will qualify for the lowest rate.
Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred and seventy-five percent, effective January 1, 2018.
FEES (a list of all additional fees that you may be charged)
TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL:
SERVICE SOLUTIONS ANALYST
RISE, PO BOX 101808, FORT WORTH, TX, 76058
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 or visit the website http://www.rld.state.nm.us/financialinstitutions/