Personal loans in Portland, ME
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Portland, ME.
The median household in Portland earns $79,540 a year, 6% above the Maine median of $74,733. About 11% of residents live below the federal poverty line, and 53.1% of households rent their home.
Maine law that applies in Portland
| 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 Portland
Here's what to have on hand before you start your personal loan request in Portland:
- 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 Portland
What Portland borrowers use it for
keep getting to work while the shop fixes it
Medical billspay a doctor, dentist or pharmacy bill now
Holiday expensesgifts and travel without maxing a card
Emergencieshandle the unexpected the same week
Loans for your situation
How to get a personal loan in Portland
- 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 Portland
36 FDIC-insured bank branches from 17 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Bangor Savings Bank | 5 | 1071 Brighton Ave, Portland 04102 |
| TD Bank, National Association | 4 | 1410 Congress St, Portland 04102 |
| Bank of America, National Association | 3 | 1 City Ctr, Portland 04101 |
| Maine Community Bank | 3 | 1 India St, Portland 04101 |
| Northeast Bank | 3 | 27 Pearl St, Portland 04101 |
| Norway Savings Bank | 3 | 1200 Congress St, Portland 04102 |
| Bath Savings Institution | 3 | 46 Auburn St, Portland 04103 |
| KeyBank National Association | 2 | 400 Forest Ave, Portland 04101 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Portland
14 credit-union locations from 10 credit unions.
| Credit union | Location |
|---|---|
| Empeople | 29 Baxter Blvd, Portland 04101 |
| Maine Savings | 883 Forest Ave, Portland 04103 |
| Town & Country | 3 Auburn St, Portland 04103 |
| Cport | 50 Riverside Industrial Pkwy, Portland 04103 |
| Evergreen | 225 Riverside St, Portland 04103 |
| Ancorum | 19 Commercial St, Portland 04101 |
| University | 1390 Congress St, Portland 04102 |
| Cumberland County | 1345 Washington Ave, Portland 04103 |
| Truchoice | 272 Park Ave, Portland 04102 |
| Saco Valley | 19 Commercial St, Portland 04101 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Cumberland County · Payday Loans in Portland
Frequently asked questions
Can I get a personal loan with bad credit in Portland?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maine, including Portland. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Portland, 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 Portland?
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 can I get an emergency loan in Portland?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
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 Portland with our free 3-minute form.
Can I get an emergency loan with bad credit in Portland?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Portland residents can see if they qualify in about 3 minutes.
How do I apply for a personal loan with bad credit in Portland?
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. Portland residents can see their options in about 3 minutes.
Do I need to visit a store in Portland?
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.