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Payday Loans Maine

Maine has many opportunities to enjoy the outdoors, from the beautiful beaches and lakes to the miles of forest. For both residents and tourists, vibrant cities such as Bangor, Portland, and Augusta offer culture, arts, and industry. Find out how a Maine payday loan can help pay your bills and reduce stress from unexpected expenses if you are a proud Maine resident.

Maine has low living costs, affordable housing, and many industries that provide work throughout the state. However, Maine residents have a lower income than the national average, with an average state income of $56,000. Many residents are left waiting for payday with unpaid bills. Do not let high energy bills or extra trips to the grocery store lead to credit card debt and overdrawn accounts.

Payday loans are available to help people in Bangor, Augusta, and Portland pay their bills. Learn how this flexible option could be a temporary solution to your unpaid bills if you consider taking out debt. This section contains important information regarding the laws and regulations governing payday loans in Maine.

Quick Facts About Maine Payday loans

Here are some quick facts about Maine payday loans. As in every other state, Maine has many laws that protect borrowers against hidden fees, excessive interest rates and taking on too much debt.

  • Limit on loans:$2,000
  • Limit on loan term:7 to 31 Days
  • Limitation on APR:30%

These are the minimum limits for Maine payday loans. You can borrow as little as 0 or as much as $2,000, but make sure you check that your lender is licensed to offer payday loans in Maine.

Residents throughout Maine have access to dynamic loans at competitive rates, from Bar Harbor to Aurora to Augusta to Albion. Contrary to other states that allow high APR limits, Maine has a limit of 30%, which protects you from rising interest rates.

The best term limit is the one that suits your needs. Payday loans can be borrowed for as little as a month. Do not take out more than you need, and do not try to get more than one payday loan. For a quick boost of cash, consider getting a 7-day loan if you get paid at the end of the week.

Many people only get paid once per month. You can apply for a 31-day payday advance that will cover your monthly payments until your next payday.

Payday loans in Maine: Benefits

Payday loans are a great option for Maine residents who don’t want to incur unnecessary debt. Fast cash is required for urgent situations such as overdue rent, credit card debt, and essential groceries.

Payday loans are subject to strict regulations regarding the amount and term of repayments. This regulation protects borrowers from unnecessary financial hardship. You won’t get overwhelmed by excessive fines and debts you can’t repay, unlike a traditional loan.

Payday loans are often seen as a benefit to low-income households. This loan type is also beneficial to middle-income families. Payday loans are legal and quick ways to pay bills that otherwise would be difficult to pay.

What are the differences between payday loans and other types of loans?

We are working hard to improve the reputation of cash advances, payday loans, and other short-term lending services. We believe all people should have access to financial products that can help them deal with unexpected expenses, even those with less than perfect credit records.

Payday loans in Maine have a poor reputation due to lenders that prey on the financially weak.

Green Day Online Payday loans can assist you in taking out a payday loan if you have made an informed decision. We are not payday lenders. Instead, we connect you with Maine’s best payday loan direct lenders to meet your needs. This will allow you to make an informed decision and eliminate any obligation for you and your family.

Current Statewide Laws

 Although payday loans are not regulated in every state, Maine lenders must be licensed and authorized by the state. You should check to see if the state has approved lenders to provide loans that comply with its regulations.

Lenders without a license could charge you outrageous fees or use dishonest business practices to make you pay more back than what you borrowed.

Maine has an APR limit of 30 percent to protect its residents. Unlicensed lenders can charge exorbitant interest on short-term loans, sometimes up to 1,500%. Payday loans in Maine with APRs higher than 30% are not recommended.

Maine also has a maximum loan amount that you can take out at one time. Payday loans exceeding $2,000 are not allowed in Maine. Illegal payday loans can be dangerous for you as a borrower may be subject to excessive fees and fines.

The state laws are not intended to discourage you from getting financing. They are there to protect you against hidden fees and to ensure that you pay less interest than you are entitled to.

Maine does not have any restrictions on grace or cool-off periods. Payday loans typically have a 24-hour cooling-off period. This cool-off period allows borrowers to get out of the loan if they feel the terms or fees are too restrictive.

To avoid interest fees, fines or penalties, if your loan has a cooling-off period, you can return the entire amount of the loan at any time within that period.

Some states regulate payday loan rollover. If you are unable to or unwilling to pay your loan on the due date, a rollover is done. Many lenders will give you the option to extend your loan or renew it. These schemes often come with penalties, such as increased interest rates and fines.

It is usually against the law of the state to roll over your loan. Maine does not have any regulations or rules against this practice. Your lender may offer this service at the end of your payday loan.

Contact the Maine Bureau of Financial Institutions immediately if you have concerns about a payday loan.

How the loan process works

Our website makes it easy to apply for payday loans. Your application is transmitted to partners via an encrypted 128-bit connection without any risk of being intercepted by third parties.

We are proud of our easy, straightforward application process. The following requirements are required to be approved by most applicants:

  • Maintain a good standing checking account
  • Are you a permanent resident of the United States or a citizen?
  • Are you 18 years old or older?
  • At least one month working in a job
  • You can provide a working email address and phone number.

There are many types of lenders available.

Online and in-person payday loans and cash advances are available in Maine. Maine has many brick-and-mortar lenders. Some of them also offer online services. You can visit the lender during business hours or call the lender to start the process. If the lender offers one, you can also fill out an online request.

There are also online-only businesses like Green Day Online Payday loans. We have many helpful features.

  • Most loans are available within one day with our fast service
  • You can deposit loans directly into your bank account.
  • Lenders will often work with applicants with bad credit.
  • Only fill out an online form.

Although we do not lend you money, we use your information to match you with direct lenders (assuming that you are eligible for a loan). Our direct lenders follow the Online Lenders Association best practices. You don’t need to travel to a branch or wait in line to get your loan online. We process your applications 24 hours a day, seven days a week on our secure servers.

Check out our online application if you need a loan quickly. Get matched with a lender by starting the process here. You get to determine if you are eligible and the terms. You can decline the terms or rates offered at any time.

FAQs

How can I get more information about my loan?

All terms and conditions for payday loan providers must be clearly stated. They also need to comply with all state laws. Before signing any paperwork, you should first speak with your payday loan lender. For the most current information on laws and regulations about payday loans, contact the Maine Bureau of Financial Institutions if you have any questions.

Are there any age restrictions on payday loans?

Retirement shouldn’t stop you from obtaining this flexible financial option. Senior citizens can still get payday loans even after retirement. Payday loans can be used to quickly receive Social Security income, dividends, or any other source of income.

Is it legal to get online loans in Maine?

Maine law allows online payday loan providers to offer loans even though they may be outside the state. These lenders must still have an official license, and they must follow all state laws regarding payday loans terms and conditions.

Online loans are often offered by companies that try to circumvent state laws. Ensure you check to see if your provider is licensed in your state and follows all state laws regarding loan terms and limits.

Payday Loans in the state of Maine

  1. Auburn
  2. Augusta
  3. Bangor
  4. Biddeford
  5. Brunswick
  6. Buckfield
  7. Ellsworth
  8. Grand Lake Stream
  9. Gray
  10. Hampden
  11. Harrison
  12. Houlton
  13. Jay
  14. Kennebunk
  15. Lewiston
  16. Lisbon
  17. Lisbon Falls
  18. Norway
  19. Orono
  20. Poland
  21. Portland
  22. Presque Isle
  23. Scarborough
  24. South Paris
  25. South Portland
  26. Trenton
  27. Turner
  28. Westbrook
  29. Windham
  30. Winslow
  31. York
Auburn Payday Loans
Website Company Telephone Address
republicash.com RepubliCash, LLC (207) 333-3360 RepubliCash, LLC, 166 Center St B, Auburn, ME 04210, United States
mainefamilyfcu.com Maine Family Federal Credit Union (207) 783-2071 Maine Family Federal Credit Union, 831 Minot Ave, Auburn, ME 04210, United States
onemainfinancial.com OneMain Financial (207) 782-0924 OneMain Financial, 600 Turner St #3c, Auburn, ME 04210, United States
farmcrediteast.com Farm Credit East (800) 831-4230 Farm Credit East, 615 Minot Ave, Auburn, ME 04210, United States
greatfallsfcu.com Great Falls Federal Credit Union (207) 753-0500 Great Falls Federal Credit Union, 760 Minot Ave, Auburn, ME 04210, United States
Augusta Payday Loans
Website Company Telephone Address
maineloan.com The Maine Loan (207) 623-3263 The Maine Loan, 5 Community Dr, Augusta, ME 04332, United States
northeastbank.com Northeast Bank – Augusta (207) 623-0603 Northeast Bank – Augusta, 235 Western Ave, Augusta, ME 04330, United States
melmacfoundation.org Melmac Education Foundation (207) 622-3066 Melmac Education Foundation, 188 Whitten Rd, Augusta, ME 04330, United States
Bangor Payday Loans
Website Company Telephone Address
mainestreamfinance.org Maine Stream Finance (207) 973-3500 Maine Stream Finance, 262 Harlow St, Bangor, ME 04401, United States
bangorfederal.com Bangor Federal Credit Union (207) 947-0374 Bangor Federal Credit Union, 339 Hogan Rd, Bangor, ME 04401, United States
onemainfinancial.com OneMain Financial (207) 942-3507 OneMain Financial, 6 Frost Dr #2, Bangor, ME 04401, United States
Biddeford Payday Loans
Website Company Telephone Address
republicash.com RepubliCash, LLC (207) 282-1678 RepubliCash, LLC, 364 Elm St, Biddeford, ME 04005, United States
Brunswick Payday Loans
Website Company Telephone Address
cumberlandtitleme.com Cumberland Title Services Llc (207) 725-4000 Cumberland Title Services Llc, 59 Pleasant St, Brunswick, ME 04011, United States
Buckfield Payday Loans
Website Company Telephone Address
northeastbank.com Northeast Bank – Buckfield (207) 336-2371 Northeast Bank – Buckfield, 2 Depot St, Buckfield, ME 04220, United States
Ellsworth Payday Loans
Website Company Telephone Address
atlanticacceptance.com Atlantic Acceptance Corporation (207) 667-2750 Atlantic Acceptance Corporation, 270 High St Suite 205, Ellsworth, ME 04605, United States
Grand Lake Stream Payday Loans
Website Company Telephone Address
clarityfinance.com Clarity Finance (877) 632-4223 Clarity Finance, 8 Kennebasis Rd, Grand Lake Stream, ME 04668, United States
Gray Payday Loans
Website Company Telephone Address
norwaysavings.bank Norway Savings Bank (207) 791-2121 Norway Savings Bank, 1 Libby Hill Rd, Gray, ME 04039, United States
Hampden Payday Loans
Website Company Telephone Address
mainebls.com Business Lending Solutions, LLC (866) 736-2804 Business Lending Solutions, LLC, 101 Western Ave, Hampden, ME 04444, United States
Harrison Payday Loans
Website Company Telephone Address
northeastbank.com Northeast Bank – Harrison (207) 583-2954 Northeast Bank – Harrison, 46 Main St, Harrison, ME 04040, United States
Houlton Payday Loans
Website Company Telephone Address
yorksofhoulton.com Fresh Start Finance Company (207) 532-9788 Fresh Start Finance Company, 315 North St, Houlton, ME 04730, United States
Jay Payday Loans
Website Company Telephone Address
androscogginbank.com Androscoggin Bank (207) 897-4401 Androscoggin Bank, 6 Androscoggin Ln, Jay, ME 04239, United States
Kennebunk Payday Loans
Website Company Telephone Address
branches.peoples.com People’s United Bank (207) 985-3305 People’s United Bank, 100 Main St, Kennebunk, ME 04043, United States
norwaysavings.bank Norway Savings Bank (207) 985-4001 Norway Savings Bank, 68 Portland Rd, Kennebunk, ME 04043, United States
Lewiston Payday Loans
Website Company Telephone Address
tdautofinance.com TD Auto Finance LLC (800) 556-8172 TD Auto Finance LLC, 6 Atlantis Way, Lewiston, ME 04240, United States
androscogginbank.com Androscoggin Bank (207) 777-6644 Androscoggin Bank, 505 Sabattus St, Lewiston, ME 04240, United States
androscogginbank.com Androscoggin Bank (207) 784-9164 Androscoggin Bank, 30 Lisbon St, Lewiston, ME 04240, United States
Lisbon Payday Loans
Website Company Telephone Address
easypaysolutions.com Easy Pay Solutions Inc (877) 724-8472 Easy Pay Solutions Inc, 244 Lisbon St #4, Lisbon, ME 04250, United States
Lisbon Falls Payday Loans
Website Company Telephone Address
androscogginbank.com Androscoggin Bank (207) 353-3140 Androscoggin Bank, 580 Lisbon St, Lisbon Falls, ME 04252, United States
Norway Payday Loans
Website Company Telephone Address
norwaysavings.bank Norway Savings Bank (207) 743-7986 Norway Savings Bank, 261 Main St, Norway, ME 04268, United States
Orono Payday Loans
Website Company Telephone Address
locations.tiaa.org TIAA Financial Services (207) 747-6513 TIAA Financial Services, 28 Beddington Rd, Orono, ME 04469, United States
Poland Payday Loans
Website Company Telephone Address
northeastbank.com Northeast Bank – Poland (207) 998-3475 Northeast Bank – Poland, 1399 Maine St, Poland, ME 04274, United States
Portland Payday Loans
Website Company Telephone Address
loandepot.com Brandon Carrigan | Loan Officer in Portland, ME (207) 210-5497 Brandon Carrigan | Loan Officer in Portland, ME, 795 Congress St #2, Portland, ME 04101, United States
egcu.org Evergreen Credit Union (207) 221-5000 Evergreen Credit Union, 225 Riverside St, Portland, ME 04103, United States
atlanticnationaltrust.com Atlantic National Trust (800) 347-1080 Atlantic National Trust, 50 Portland Pier #400, Portland, ME 04101, United States
bloomfieldcapital.com Bloomfield Capital (207) 772-6870 Bloomfield Capital, 100 Commercial St Suite 410, Portland, ME 04101, United States
nnehif.org Northern New England Housing Investment Fund (207) 772-8255 Northern New England Housing Investment Fund, 120 Exchange St STE 600, Portland, ME 04101, United States
republicash.com RepubliCash, LLC (207) 780-9988 RepubliCash, LLC, 312 St John St, Portland, ME 04102, United States
locations.tiaa.org TIAA Financial Services (207) 747-6513 TIAA Financial Services, 4 City Center 2nd Floor, Portland, ME 04101, United States
business.site Kevin Philbrick | Loan Officer in Portland Maine | NMLS# 349341 (207) 838-5007 Kevin Philbrick | Loan Officer in Portland Maine | NMLS# 349341, 95 Exchange St 4th floor, Portland, ME 04101, United States
atlanticnationaltrust.com Capital Servicing, Inc. (207) 828-1080 Capital Servicing, Inc., 50 Portland Pier # 400, Portland, ME 04101, United States
Presque Isle Payday Loans
Website Company Telephone Address
farmcrediteast.com Farm Credit East (800) 831-4640 Farm Credit East, 26 Rice St, Presque Isle, ME 04769, United States
Scarborough Payday Loans
Website Company Telephone Address
mainefinancialgroup.com Maine Financial Group (207) 885-5900 Maine Financial Group, 144 US-1, Scarborough, ME 04074, United States
onemainfinancial.com OneMain Financial (207) 885-1594 OneMain Financial, 19 Hannaford Dr, Scarborough, ME 04074, United States
South Paris Payday Loans
Website Company Telephone Address
androscogginbank.com Androscoggin Bank (207) 743-2545 Androscoggin Bank, 170 Main St, South Paris, ME 04281, United States
norwaysavings.bank Norway Savings Bank (207) 743-9771 Norway Savings Bank, 7 High St, South Paris, ME 04281, United States
South Portland Payday Loans
Website Company Telephone Address
republicash.com RepubliCash, LLC (207) 774-7680 RepubliCash, LLC, 682 Main St, South Portland, ME 04106, United States
Trenton Payday Loans
Website Company Telephone Address
creditnow.com Lee Credit Now Atlantic Acceptance Corporation (207) 667-2760 Lee Credit Now Atlantic Acceptance Corporation, 169 Bar Harbor Rd, Trenton, ME 04605, United States
Turner Payday Loans
Website Company Telephone Address
dirigosigningservices.com Dirigo Signing Services not found Dirigo Signing Services, Turner, ME 04282, United States
Westbrook Payday Loans
Website Company Telephone Address
not found Foley Marissa (207) 854-2007 Foley Marissa, 90 Bridge St ste 230, Westbrook, ME 04092, United States
Windham Payday Loans
Website Company Telephone Address
getautotitleloans.com Get Fast Auto Title Loans (857) 327-6866 Get Fast Auto Title Loans, 12 Springwater Dr # D, Windham, ME 04062, United States
republicash.com RepubliCash, LLC (207) 893-0005 RepubliCash, LLC, 726 Roosevelt Trail, Windham, ME 04062, United States
Winslow Payday Loans
Website Company Telephone Address
connectedcreditunion.org Connected Credit Union (207) 872-2636 Connected Credit Union, 12 Monument St, Winslow, ME 04901, United States
York Payday Loans
Website Company Telephone Address
onemainfinancial.com OneMain Financial (877) 988-9641 OneMain Financial, 14 1st St, York, ME 03909, United States