Grenville at a glance
- Population: 25 people, the 105th-largest place among New Mexico's 105 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 24 (US Census Bureau).
- 2020 to 2023 change: roughly 4.2% higher than at the 2020 Census (US Census Bureau).
- Rank among New Mexico places: 105th-largest of 105 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it exceeds roughly 0% of New Mexico's Census places by population (US Census Bureau).
- Coordinates: it sits at 36.5905, -103.6146 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Des Moines, NM (17 mi); Folsom, NM (24 mi); Clayton, NM (28 mi); Branson, CO (33 mi); Texline, TX (36 mi) (US Census Bureau).
- Nearest smaller communities: none within the 120-mile radius we measure.
What a personal loan costs in Grenville
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
New Mexico lending rules that apply in Grenville
Each row below is a New Mexico rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Grenville
Before you share your details with a lender in Grenville:
- 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.