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.
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
- Grand Lake Stream
- Lisbon Falls
- Presque Isle
- South Paris
- South Portland
|Auburn Payday Loans|
|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|
|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|
|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|
|republicash.com||RepubliCash, LLC||(207) 282-1678||RepubliCash, LLC, 364 Elm St, Biddeford, ME 04005, United States|
|Brunswick Payday Loans|
|cumberlandtitleme.com||Cumberland Title Services Llc||(207) 725-4000||Cumberland Title Services Llc, 59 Pleasant St, Brunswick, ME 04011, United States|
|Buckfield Payday Loans|
|northeastbank.com||Northeast Bank – Buckfield||(207) 336-2371||Northeast Bank – Buckfield, 2 Depot St, Buckfield, ME 04220, United States|
|Ellsworth Payday Loans|
|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|
|clarityfinance.com||Clarity Finance||(877) 632-4223||Clarity Finance, 8 Kennebasis Rd, Grand Lake Stream, ME 04668, United States|
|Gray Payday Loans|
|norwaysavings.bank||Norway Savings Bank||(207) 791-2121||Norway Savings Bank, 1 Libby Hill Rd, Gray, ME 04039, United States|
|Hampden Payday Loans|
|mainebls.com||Business Lending Solutions, LLC||(866) 736-2804||Business Lending Solutions, LLC, 101 Western Ave, Hampden, ME 04444, United States|
|Harrison Payday Loans|
|northeastbank.com||Northeast Bank – Harrison||(207) 583-2954||Northeast Bank – Harrison, 46 Main St, Harrison, ME 04040, United States|
|Houlton Payday Loans|
|yorksofhoulton.com||Fresh Start Finance Company||(207) 532-9788||Fresh Start Finance Company, 315 North St, Houlton, ME 04730, United States|
|Jay Payday Loans|
|androscogginbank.com||Androscoggin Bank||(207) 897-4401||Androscoggin Bank, 6 Androscoggin Ln, Jay, ME 04239, United States|
|Kennebunk Payday Loans|
|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|
|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|
|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|
|androscogginbank.com||Androscoggin Bank||(207) 353-3140||Androscoggin Bank, 580 Lisbon St, Lisbon Falls, ME 04252, United States|
|Norway Payday Loans|
|norwaysavings.bank||Norway Savings Bank||(207) 743-7986||Norway Savings Bank, 261 Main St, Norway, ME 04268, United States|
|Orono Payday Loans|
|locations.tiaa.org||TIAA Financial Services||(207) 747-6513||TIAA Financial Services, 28 Beddington Rd, Orono, ME 04469, United States|
|Poland Payday Loans|
|northeastbank.com||Northeast Bank – Poland||(207) 998-3475||Northeast Bank – Poland, 1399 Maine St, Poland, ME 04274, United States|
|Portland Payday Loans|
|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|
|farmcrediteast.com||Farm Credit East||(800) 831-4640||Farm Credit East, 26 Rice St, Presque Isle, ME 04769, United States|
|Scarborough Payday Loans|
|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|
|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|
|republicash.com||RepubliCash, LLC||(207) 774-7680||RepubliCash, LLC, 682 Main St, South Portland, ME 04106, United States|
|Trenton Payday Loans|
|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|
|dirigosigningservices.com||Dirigo Signing Services||not found||Dirigo Signing Services, Turner, ME 04282, United States|
|Westbrook Payday Loans|
|not found||Foley Marissa||(207) 854-2007||Foley Marissa, 90 Bridge St ste 230, Westbrook, ME 04092, United States|
|Windham Payday Loans|
|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|
|connectedcreditunion.org||Connected Credit Union||(207) 872-2636||Connected Credit Union, 12 Monument St, Winslow, ME 04901, United States|
|York Payday Loans|
|onemainfinancial.com||OneMain Financial||(877) 988-9641||OneMain Financial, 14 1st St, York, ME 03909, United States|