Personal loans in Augusta, ME
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Augusta, ME.
The median household in Augusta earns $47,979 a year, 36% below the Maine median of $74,733. About 18% of residents live below the federal poverty line, and 46.2% of households rent their home. 10.4% of households have no home internet; our form works on any phone.
Maine law that applies in Augusta
| Rate cap | For closed-end consumer loans, the finance charge may not exceed the equivalent of 30% a year on the part of the balance up to $2,000, 24% on the part from $2,000 to $4,000 and 18% on the part over $4,000. |
|---|---|
| License required | 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. |
Full rules with statute citations: Personal Loans in Maine. Cities in Maine cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Augusta
Most Augusta applicants can finish in one sitting if they have these ready:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Augusta
What Augusta borrowers use it for
gifts and travel without maxing a card
Car repairskeep getting to work while the shop fixes it
Moving costsdeposits, trucks and first-week expenses
Rent duecover a short gap before payday
Loans for your situation
How to get a personal loan in Augusta
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Augusta
10 FDIC-insured bank branches from 7 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| The Camden National Bank | 3 | 21 Armory St, Augusta 04330 |
| Bangor Savings Bank | 2 | 274 Western Ave, Augusta 04330 |
| Kennebec Savings Bank | 1 | 150 State St, Augusta 04330 |
| KeyBank National Association | 1 | 23 Whitten Rd, Augusta 04330 |
| TD Bank, National Association | 1 | 101 Western Ave, Augusta 04330 |
| Northeast Bank | 1 | 235 Western Ave, Augusta 04330 |
| Skowhegan Savings Bank | 1 | 450 Civic Center Dr, Augusta 04330 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Augusta
10 credit-union locations from 9 credit unions.
| Credit union | Location |
|---|---|
| Cport | 399 Western Ave, Augusta 04330 |
| Maine State | 200 Capitol St, Augusta 04330 |
| Ancorum | 201 Civic Center Dr, Augusta 04330 |
| University | 67 Sewall St, Augusta 04330 |
| K V | 316 W River Rd, Augusta 04330 |
| Trademark | 44 Edison Dr, Augusta 04330 |
| Connected | 85 Civic Center Drive, Augusta 04330 |
| Gardiner | 316 W River Rd, Augusta 04330 |
| Capital Area | 2010 N Belfast Ave, Augusta 04330 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Kennebec County · Payday Loans in Augusta
Frequently asked questions
Can I get a personal loan with bad credit in Augusta?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maine, including Augusta. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Augusta, ME?
Tiered: 30% to $2,000, 24% to $4,000, 18% above; 18% if over $8,000.
How fast can I get a personal loan in Augusta?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
How do installment loans work in Augusta?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Augusta residents can see installment loan offers with our free 3-minute form.
Can I get a personal loan in Augusta with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Augusta residents can see if they qualify for $100 to $5,000 in about 3 minutes.
How do I apply for a personal loan with bad credit in Augusta?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Augusta residents can see their options in about 3 minutes.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Augusta with our free 3-minute form.
Do I need to visit a store in Augusta?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.