Hurley at a glance
- Population: 1,230 residents, the 59th-largest of 105 places in New Mexico (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,257 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: roughly 2.1% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among New Mexico places: the 59th-largest of 105 (US Census Bureau, 2023 estimate).
- Size percentile: ahead of around 44% of New Mexico places in population terms (US Census Bureau).
- Coordinates: latitude 32.6985, longitude -108.1311 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Bayard, NM (4 mi); Santa Clara, NM (6 mi); Silver City, NM (10 mi); Deming, NM (37 mi); Lordsburg, NM (41 mi) (US Census Bureau).
- Smaller places nearby: Virden, NM (51 mi); Duncan, AZ (56 mi); Williamsburg, NM (56 mi), per US Census Bureau estimates.
What a personal loan costs in Hurley
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our 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.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
New Mexico lending rules that apply in Hurley
The sourced rows below are the rules a licensed lender must follow when lending in New Mexico, and therefore in Hurley.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hurley
The order below is a sensible way to approach a loan in Hurley:
- 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.