Anthony at a glance
- Population: roughly 8,726 people; 23rd of 105 places in New Mexico (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 8,702 (US Census Bureau).
- 2020 to 2023 change: up roughly 0.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New Mexico places: 23rd of 105 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 78% of New Mexico places in population terms (US Census Bureau).
- Coordinates: latitude 32.0131, longitude -106.5984 (US Census Bureau Gazetteer).
- Nearest larger cities: Sunland Park, NM (13 mi); El Paso, TX (15 mi); Las Cruces, NM (24 mi); Socorro, TX (33 mi); Horizon City, TX (33 mi); US Census Bureau population estimates.
- Nearest smaller towns: Anthony, TX (2 mi); Vinton, TX (4 mi); Mesilla, NM (22 mi) — US Census Bureau populations.
What a personal loan costs in Anthony
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
New Mexico lending rules that apply in Anthony
The table lists the New Mexico rules that apply to a loan made in Anthony, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Lenders making Bank Installment Loan Act loans (other than federally insured depositories) must be licensed under the Small Loan Act (2022 requirement) Source says: "a new requirement for lenders making loans under the BILA (other than a federally insured depository institution) to be licensed under the SLA" | New Mexico Legislature (Legislative Finance Committee fiscal impact report) as of 2026-09-16 |
| State lending regulator | New Mexico Financial Institutions Division (FID), Regulation and Licensing Department Source says: "We regulate a variety of financial institutions operating in New Mexico including:" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Small loan company licensing/regulation | Small loan companies are a regulated institution category of the Financial Institutions Division Source says: "Small Loan Companies" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 15% annually absent a written contract fixing a different rate (NMSA 1978, 56-8-3) Source says: "The rate of interest, in the absence of a written contract fixing a different rate, shall be not more than fifteen percent annually" | New Mexico Compilation Commission (NMOneSource, official NMSA) as of 2026-09-16 |
| Payday lending status | Payday-style small loans capped at 36% APR (HB 132 of 2022; effective January 1, 2023; cap rises only if prime rate exceeds 10% for three consecutive months) Source says: "a permitted annual percentage rate greater than thirty-six percent, calculated pursuant to 12 CFR Part 1026" | New Mexico Legislature as of 2026-09-16 |
How to compare offers in Anthony
These steps are the ones that most affect the offer you receive in Anthony:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New Mexico using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.