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Payday Loans
Prohibited
Installment Loans
$35,000
Personal Loans
$30,000
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N/A
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Payday Loans in Maine

Payday loans are essentially illegal in Maine because post-dated checks are illegal, and there are very strict laws regarding fees that can be charged on loans, like a maximum of $15 for a loan up to $750 and a $25 maximum for a loan amount above that.

Legal Framework for Payday Lending in Maine

Regulating the fine line of payday lending in Maine is the Maine Consumer Credit Code.

We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.