Although a traditional payday loan may suit your needs, they come with a number of disadvantages. That’s where Golden Valley Lending comes in. Our payday loans alternative may be able to get you funds quickly with many additional benefits compared to other short-term loan options.
New Mexico Payday Loans Alternative
Although a traditional payday loan may suit your needs, they come with a number of disadvantages. That’s where Golden Valley Lending comes in. Our payday loans alternative may be able to get you funds quickly with many additional benefits compared to other short-term loan options.
Traditional Payday Loans
If you’re a resident of New Mexico and looking for a short-term loan, payday loans might be an option that comes to mind. Typically, the two key features that make payday loans a go-to option for some are quick funding, and no minimum credit score required.
Some disadvantages of payday loans are the following:
- Loan repayment usually happens with what is called a “balloon payment” or final lump sum payment.
- The loan term is short and full repayment of the loan typically takes place by your next pay date.
- There is no option to save money by paying off early.
A Different Type of Short-Term Loan
At Golden Valley Lending, we offer the payday loans alternative. Our loan product is a fixed-term installment loan that gets repaid over time. Here’s how we’re different:
- Loan amounts range from $300 to $1,000 for first time borrowers.
- If you’re approved by 4:30 p.m. Eastern Time, Monday through Friday, you could have your funds as soon as the next business day. We use an ACH transfer to deposit the funds into your account electronically.
- You repay your loan in bi-weekly payments.
- Each payment is applied to both principal and interest. As your principal balance decreases, the amount of interest accruing decreases as well, which results in decreasing payment amounts.
- We invite you to pay extra toward the principal anytime that you make a payment. You may also pay off your loan early with no penalty.
- Transparency is important to us, so you’ll never be surprised by hidden fees.
A Convenient Application Process
We’re an online lender, so you can apply from a desktop or mobile device no matter where you live in New Mexico. In fact, you can apply at any time of the day or night, seven days a week.
We’ve streamlined the application process, and we only ask the questions that are required for us to evaluate your loan application. Rest assured that the process is secure and based on applicable federal and tribal regulations as well as OLA guidelines.
You’re more than just a number to us. Our proprietary scoring system gives every application special consideration when making approval decisions. We know you’re more than just a three-digit credit score.
Get Started Now
Are you ready to experience difference? Apply now for the payday loans alternative from Golden Valley Lending!
