Payday loans in Maine
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Maine payday loan rules at a glance
| Governing law | Maine Consumer Credit Code, Title 9-A. A 'payday loan' is a supervised loan (or other credit) where you get cash in exchange for a personal check or debit authorization that the lender agrees not to cash until a set future date. Maine's law applies to any lender, wherever located, that makes a payday loan to a consumer located in Maine. (9-A M.R.S. §1-301(28-A); §1-201(1)(C)) |
|---|---|
| Maximum loan | Maine law sets no payday-specific maximum loan amount, according to the Bureau of Consumer Credit Protection. (Bureau of Consumer Credit Protection payday study (2022), Table 10) |
| Fees / interest cap | 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. (9-A M.R.S. §2-401(2),(7)) |
| Minimum term | No payday-specific minimum term in Maine law, according to the Bureau. (Bureau payday study (2022), Table 10) |
| Maximum term | No payday-specific maximum term in Maine law, according to the Bureau. (Bureau payday study (2022), Table 10) |
| Rollovers / renewals | Maine law has no payday-specific rollover or renewal limit, according to the Bureau. (Bureau payday study (2022), Table 10) |
| Loans at one time / database | Maine law has no limit on the number of payday loans outstanding at one time, according to the Bureau. (Bureau payday study (2022), Table 10) |
How much will I repay?
Maine does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| New Hampshire | Not available | A borrower may not owe a lender more than $500 in payday loan principal at one time. |
Payday Loans by city in Maine
Counties in Maine
Show all 16 counties
Also see: Personal Loans in Maine · Title Loans in Maine · All Maine loan options
Frequently asked questions
Are payday loans legal in Maine?
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.
How much can you borrow with a payday loan in Maine?
Maine law sets no payday-specific maximum loan amount, according to the Bureau of Consumer Credit Protection.
How much do payday loans cost in Maine?
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.
How many payday loans can you have at once in Maine?
Maine law has no limit on the number of payday loans outstanding at one time, according to the Bureau.
Can you roll over a payday loan in Maine?
Maine law has no payday-specific rollover or renewal limit, according to the Bureau.
How much does a payday loan cost in Maine?
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… Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Maine borrowers in about 3 minutes.
Can I get a payday loan online in Maine?
Yes. You can request a payday loan online from anywhere in Maine, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Maine residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
What do I need to get a payday loan in Maine?
Most lenders ask for a few basics: you must be a legal adult, with a valid government-issued ID, a steady source of income, an active checking account in your name, and a phone number and email. Some lenders also ask for recent pay stubs or bank statements. Having these ready makes our 3-minute form quick, and many Maine applicants get a decision in minutes.
Can I get a payday loan on the weekend in Maine?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Maine residents can start a request now; it takes about 3 minutes.