Maine Payday Loans | Cash Day USA

Requirements

What Do You Need to Apply?

Here is what we ask for to verify your loan eligibility in Maine:

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Minimum 18 years of age

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Valid government-issued photo identification

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Social Security Number

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Income documentation

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Proof of residence in Maine

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Active bank account with routing numbers

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Working email address and contact phone number

Process

How to Get a Payday Loan in Maine

Applying through Cash Day USA is a quick, simple, and secure process:

Complete a Form

Fill out a simple form online via our website, in person at our Portland location, or over the phone. The process takes just 5 minutes — no paperwork or faxing required.

Get Approved

The underwriting process involves no hard credit check through major bureaus, so the loan decision is made almost instantly. Borrowers with any credit history can qualify.

Receive Your Funds

If approved, get a same-day direct deposit in your bank account or receive instant cash at our Portland store*. Online applications processed before 10:30 AM ET on a banking day are funded the same day.

*Loans originated before 10:30 AM on weekdays are typically funded the same day. Applications after 10:30 AM or on weekends are processed on the next banking day.

Rates & Terms

Maine Rates & Terms

Payday loans in Maine are regulated with specific limits and protections. The maximum loan amount is $1,000 with a standard term of 14-31 days. A typical 14-day loan carries an APR of approximately 31.5% APR Cap.

Finance Charge	APR (14-day)	APR (31-day)
$90	782.14%	365%
$150	782.14%	365%
$300	782.14%	365%

Protection

How Maine Laws Protect You

Maine law and state regulations are designed to give borrowers important protections:

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Maximum payday loan amount is $1,000 in Maine.

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Repayment period can be up to 30 days.

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Interest rate cannot exceed 30% per annum on loans up to $2,000 (tiered-rate system).

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Under the finance charge method: $5 max for loans up to $75; $15 for $75.01–$249.99; $25 for $250 or more.

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All lenders must be licensed by the Maine Bureau of Consumer Credit Protection.

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No rollovers or loan renewals permitted under Maine law.

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Borrowers are protected under the Maine Consumer Credit Code.

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No criminal prosecution allowed for failure to repay a payday loan.

Why Choose Us

About Cash Day USA in Maine

Cash Day USA is a licensed direct lender serving Maine residents. We specialize in fast, transparent payday loans designed for short-term emergency cash needs. With 0 convenient locations across Maine plus a fully online application available 24/7, getting the emergency cash you need has never been easier.

We perform only a soft credit check with no impact on your FICO score. Our income-based approval means borrowers with bad credit or no credit history are welcome to apply. Over 140,000 customers nationwide have trusted us with their short-term lending needs.

We're committed to transparent lending practices and compliance with all Maine regulations.

⚠️ Customer Notice

Payday loans in Maine are short-term financial solutions designed for emergencies only. The maximum loan term is 30 days. The cost of a payday loan can be high — do not use it as a long-term solution. Make sure your expense is a real emergency that cannot wait until your next paycheck. Only borrow what you can repay in full and on time. Consider cheaper alternatives first. If you have ongoing financial challenges, consider credit counseling or contact the Maine Bureau of Consumer Credit Protection.

Get quick cash in Maine today!

Apply online or visit one of our 0 Maine locations — it takes only minutes.

Apply Now

FAQ

Frequently Asked Questions about Maine Payday Loans

Find answers to common questions about getting payday loans in Maine:

Are payday loans legal in Maine?

Yes, payday loans are legal in Maine and regulated by the Maine Bureau of Consumer Credit Protection under the Maine Consumer Credit Code. Lenders must be licensed by the state and follow all rate and disclosure requirements.

What is the maximum payday loan amount in Maine?

The maximum payday loan amount available at Cash Day USA in Maine is $1,000. The repayment period can be up to 30 days. Your exact loan amount is subject to approval based on your income and ability to repay.

What loan products and services do you offer in Maine?

Besides payday loans up to $1,000, Cash Day USA offers installment loans of up to $5,000 repayable in fixed installments over up to 24 months. Maine residents can also apply for small personal loans of up to $15,000.

What are the rates and fees for payday loans in Maine?

Maine uses a tiered-rate system where interest cannot exceed 30% per annum on the unpaid principal for loans up to $2,000. Alternatively, a flat finance charge method applies: $5 for loans up to $75; $15 for $75.01–$249.99; $25 for $250 or more.

When will I receive my money?

Online applications processed before 10:30 AM ET on a banking day are funded the same day. Loans originated after 10:30 AM ET or on weekends are transferred on the next banking day. Cash pick-ups are available at our Portland store for in-person applicants.

Will applying for a loan affect my credit score?

Our loans involve no hard credit check through major credit bureaus. Instead, your financial profile is reviewed via third-party agencies using a soft inquiry, which does not affect your credit score.

Can I get approved in Maine with bad or no credit?

Yes, Cash Day USA accepts borrowers with any FICO rating. We do not focus on the details of your credit history — we assess your current income and financial profile to evaluate your ability to repay.

How can I contact Cash Day USA in Maine?

You can visit our Portland store at 16 Middle Street, unit 301, Portland, ME 04101, call us at (207) 560-8940, or apply online at our website anytime 24/7.