CashPayday Loans in Maine
Cash Day USA offers fast and easy payday loans in Maine with instant approval decisions and same-day deposits for eligible borrowers. Our Portland store serves residents across Maine including Lewiston, Bangor, South Portland, Auburn, and other ME cities.
The maximum payday loan amount you can get in Maine is $1,000. The repayment period can be up to 30 days. Maine law sets strict limits on what lenders can charge using a tiered-rate system — the interest rate cannot exceed 30% of the unpaid principal balance on loans up to $2,000.
If $1,000 is not enough to meet your financial needs, installment loans from Cash Day USA can help you get up to $5,000 repayable over up to 24 months. Maine residents can also apply for small personal loans of up to $15,000.
What Do You Need to Apply?
Here is what we ask for to verify your loan eligibility in Maine:
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.
Maine Rates & Terms
The maximum payday loan amount in Maine is $1,000 with a repayment period of up to 30 days. Maine law uses a tiered-rate system where the interest rate cannot exceed 30% per annum of the unpaid principal balance on loans up to $2,000.
Alternatively, the finance charge method may apply. Under this method, lenders can charge no more than:
- $5 for an advanced amount of up to $75
- $15 when the amount financed is between $75.01 and $249.99
- $25 for loans of $250 or more
Examples above are for informational purposes only. Actual terms and rates depend on your financial and credit details.
| Loan Amount | Finance Charge | Total Payment | APR (14-day) | APR (31-day) |
|---|---|---|---|---|
| $300 | $90 | $390 | 782.14% | 365% |
| $500 | $150 | $650 | 782.14% | 365% |
| $1,000 | $300 | $1,300 | 782.14% | 365% |
How Maine Laws Protect You
Maine law and state regulations are designed to give borrowers important protections:
About Cash Day USA in Maine
Cash Day USA is your trusted neighborhood cash solution in Maine. Our dedicated support team offers expert guidance and helps you find the loan option that best fits your needs. We serve residents of Portland, Lewiston, Bangor, South Portland, Auburn, and other ME cities.
Complete our online loan process in just 5 minutes — no need to worry about your data safety. Advanced encryption technology keeps your information protected from third parties. We never charge fees not outlined in your loan agreement, ensuring full transparency.
Cash Day USA is a licensed Maine lender regulated under the Maine Consumer Credit Code and supervised by the Maine Bureau of Consumer Credit Protection.
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 Maine locations — it takes only minutes.
Apply Now