Jemez Springs at a glance
- Population: about 202 residents, ranking 87th of 105 Census places in New Mexico (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 201 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 0.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New Mexico places: the 87th-largest of 105 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 17% of New Mexico's Census places by population (US Census Bureau).
- Coordinates: latitude 35.7731, longitude -106.6910 (US Census Bureau Gazetteer).
- Nearest larger cities: Cuba, NM (23 mi); Bernalillo, NM (33 mi); Rio Rancho, NM (34 mi); Corrales, NM (37 mi); Española, NM (38 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: San Ysidro, NM (15 mi); Taos Ski Valley, NM (90 mi); Encino, NM (104 mi) (US Census Bureau).
What a personal loan costs in Jemez Springs
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New Mexico lending rules that apply in Jemez Springs
Each row below is a New Mexico rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Jemez Springs
Before you share your details with a lender in Jemez Springs:
- 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.