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RISE, an online lender, offers online installment loans in New Mexico. Residents can apply online, find out if they’re approved in minutes, and get money in their accounts by the next business day.* You may be able to borrow $300 to $5,000 with a 60% to 175% APR, and repay the loan over a five-month to 26-month period.

Introducing RISE

RISE is an online lender that offers installment loans and lines of credit across the country. Its loans in New Mexico could help you get the money you need to cover an emergency expense. Additionally, RISE offers tools and resources that can help people improve their finances, get access to one of their credit scores, and get free credit alerts. 


RISE’s loans in New Mexico

In New Mexico, RISE offers installment loans with the following terms:


  • Borrow $300 to $5,000
  • Take five to 26 months to repay the loan
  • Pay a 60% to 175% APR.


In addition to the loan ranges specific to RISE’s New Mexico loans, all RISE loan products offer helpful features and benefits:


  • No application or origination fee.
  • Find out if you’re approved in minutes.
  • Have the funds deposited into your account within one business day.*
  • A five-day, risk-free guarantee, which allows you to return the loan within five business days and pay no fees.
  • No prepayment fees.


RISE will also report your payments to TransUnion, and making on-time payments could help you build a good credit history and increase your credit scores.


What to look for in an emergency loan

A broken down vehicle, medical bills, or unexpected job loss can lead to a financial emergency. Unless they have an emergency fund, many people need to borrow money to cover the expense or their day-to-day bills.


You may be able to borrow money from friends or family, could use a credit card, or might want to take out a loan. No single option is best for everyone or every circumstance, but comparing the primary differences could help you determine which option is best for you.


  • Affordability. You’ll want to make sure you can afford the loan payments before borrowing money. Choosing a loan with a longer term could lower your payments, although it can also lead to paying more interest over time. A shorter term will increase the payment amount but also save you money. You may want to work with a lender that offers a range of loan terms so that you can find the right fit for your financial situation.

    You can also compare loans’ annual percentage rates (APR), which takes the loans’ fees and interest rates into account and could help you make an apples-to-apples comparison.
  • Few and low fees. Some fees are factored into the APR, such as an origination or funding fee. Others, like a prepayment penalty or late payment fee, might not be included. Read over the fine print to ensure you know when and why you might have to pay a fee.   
  • The maximum loan amount. Try to make sure you’ll be able to borrow enough to cover your upcoming expenses. Applying for multiple loans, particularly during a short period, could lower your credit scores.
  • How quickly you can get approved and funded. If you’re dealing with an emergency, you may need money fast. However, some lenders could take several days, or even several weeks, to review your application and get the money in your account.


Are RISE’s New Mexico loans a good option for you?

A RISE loan isn’t for everyone nor every circumstance. RISE doesn’t charge application, origination, or prepayment penalties. However, RISE offers relatively expensive personal loans to help cover emergency expenses.


RISE will review information regarding your creditworthiness to determine if you can afford the loan and what your loan rate and term options will be. RISE will also report your payments to TransUnion, one of the major credit bureaus.


In addition to its loan offering, RISE has a financial wellness library with educational videos and interactive tools you can use to help manage your finances. You can also sign up for the free Credit Score Plus program and track one of your TransUnion credit scores.


Learn more about RISE’s loans in New Mexico. If you think a RISE loan could help, you can apply online, find out if you’re approved in minutes, and may be able to get $300 to $5,000 in your account by the next business day.