Loans in Maine: payday, personal & title loan laws (2026)

Payday loans are legal in Maine only from supervised lenders licensed by the Bureau of Consumer Credit Protection, and fees are tightly capped: a lender may charge no more than a $5, $15 or $25 minimum finance charge (by loan size) or the general consumer-loan rate caps. The Bureau reported only 3 licensed payday lenders in 2021.

Maine law sets no payday-specific maximum loan amount, according to the Bureau of Consumer Credit Protection.

A lender may charge either the general consumer-loan finance charge (30% a year on the first $2,000 and lower tiers above that) or a flat minimum charge of no more than $5 if you borrow $75 or less, $15 if you borrow more than $75 but under $250, or $25 if you borrow $250 or more.

Vehicle title loans are generally prohibited in Maine, according to the Bureau of Consumer Credit Protection. Maine's pawnbroker law excludes documents of title to motor vehicles from the property a pawnbroker may lend against.

Tiered: 30% to $2,000, 24% to $4,000, 18% above; 18% if over $8,000.

Non-bank lenders must hold a supervised lender license from the Bureau to make or service supervised loans (loans with a rate above 12.25%); applications may be required through NMLS.