Payday Loans in Durham, Maine

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Durham, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
Atlantic Federal Credit Union 387 US-1, York, ME 03909 +1 (207) 351 - 1021
Bank of America with Drive-thru ATM 425 Philbrook Ave, South Portland, ME 04106 +1 (207) 874 - 6495
PeoplesChoice Credit Union 23 Industrial Park Rd, Saco, ME 04072 +1 (207) 282 - 4156
Norway Savings Bank 569 Main St, Saco, ME 04072 +1 (207) 282 - 6121
Dirigo Federal Credit Union 172 Pine St, South Paris, ME 04281 +1 (207) 743 - 5410
TD Bank 34 School St, Rockland, ME 04841 +1 (207) 596 - 6641
First Federal Savings & Loan Association of Bath 283 Main St, Damariscotta, ME 04543 +1 (207) 563 - 3111
TD Wealth Management Services 70 Gray Rd, Falmouth, ME 04105 +1 (207) 317 - 4045
Camden National Bank 178 Court St, Auburn, ME 04210 +1 (207) 782 - 6790
Norway Savings Bank 10 Franklin Dr, Windham, ME 04062 +1 (207) 892 - 3339

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Durham, ME, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Bangor, ME, Online Loans in Lewiston, ME and Payday Loan Companies in Portland, ME. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Durham, ME.

Beautiful sights of Durham, ME

Payday Loans Available in Durham, ME By The Following ZIP Codes:

04222

Are Payday Loans Legal In Durham, Maine?

Loan Rates and Fees, Laws and Regulations in Maine.

Maine Loan Regulations

Legal StatusPermitted for supervised lenders only
Interest Rate (APR, %)30% APR; In Fact - 217%
Maximum Loan Amount$2,000
Minimum Loan TermNot Specified
Maximum Loan TermNot Specified
Number of Rollovers AllowedNot specified
Finance ChargesAlternative to small loan cap: <$75 = $5; $75-$250 = $15; >$250 = $25

Durham, ME payday loan calculator

Understanding Payday Loans in Durham, Maine

When you’re in need of urgent cash and have nowhere else to turn, payday loans can be a lifesaver. While not without their controversy, these short-term loans can provide a quick infusion of cash for those who have no other options. In this article, we’ll take a closer look at payday loans in Durham, Maine, discussing how they work and what the laws around them look like.

What Are Payday Loans?

A payday loan, also referred to as a cash advance loan, is a small, short-term loan that is typically due on the borrower’s next payday. These loans are easy to secure and are typically used to cover unexpected expenses like emergencies, bills, and repairs. Payday loans are often sought out by people who have poor credit or who are unable to secure a traditional bank loan.

Payday Loans and the Law in Durham, Maine

While payday loans are legal in Maine, the state has strict laws in place to regulate these short-term loans. In Maine, payday loans are permitted for supervised lenders only. This means that lenders who wish to offer payday loans must hold a special license from the Maine Bureau of Consumer Credit Protection. They are also required to follow a host of other rules and regulations, including restrictions on fees and interest rates.

In Durham, Maine, borrowers are limited in the amount of money they can borrow from payday lenders. Currently, the state permits loans up to $2,000 with a maximum loan term of 30 days. Additionally, Maine law prohibits lenders from charging more than 30% interest on any payday loans.

Applying for a Payday Loan in Durham, Maine

If you’re considering applying for a payday loan in Durham, Maine, it’s important to understand the process. To get started, you’ll need to find a licensed payday lender. While there are many lenders available online, it’s critical to do your research and ensure that the lender you choose is licensed to operate in Maine. Additionally, make sure that you fully understand the terms of the loan agreement before signing anything.

When you’re ready to apply, the lender will typically ask for some basic information, like your name, address, and income. You’ll also typically be required to provide proof of employment, such as a recent pay stub. Based on this information, the lender will let you know if you’re approved for the loan and if so, for how much.

Interesting Facts and Statistics about Payday Loans in Durham, Maine

  • In Maine, payday lenders processed more than 370,000 transactions in 2018.
  • The average payday loan amount in Maine is $350.
  • According to a study by the Pew Charitable Trusts, Maine is one of 32 states that permit payday loans.
  • Maine law requires that payday lenders provide borrowers with a disclosure document outlining the terms of the loan agreement before the loan is finalized.

Apply Now

If you’re in need of a payday loan in Durham, Maine, TheGuaranteedLoans can help. As a loan connector service, we are committed to helping you find the right lender to meet your needs. Fill out our online application today to get started.

Please note, TheGuaranteedLoans is not a direct lender. As such, we do not make credit decisions or determine loan terms. Instead, we work with a network of trusted lenders in Maine to connect you with the best match for your needs.

The Bottom Line

While payday loans in Durham, Maine can be a useful tool for those who need money quickly, they are not without their risks. If you’re considering taking out a payday loan, it’s important to carefully consider your options and only borrow what you can afford to repay. By doing your research and working with a trusted lender like TheGuaranteedLoans, you can ensure that you’re making the right decision for your financial needs.

F.A.Q.

Can I be charged with a penalty if I cancel my payday loan in Durham, Maine?

No, in Durham, Maine, payday lenders are not allowed to charge any penalty fees for canceling a loan. If you decide to cancel your loan, you can do so without incurring any additional costs.

Can I be charged with a prepayment penalty if I pay off my payday loan early in Durham, Maine?

No, in Durham, Maine, payday lenders are not allowed to charge any prepayment penalty fees for paying off a loan early. If you are able to pay off your loan early, you can do so without incurring any additional costs.

Look for Short-Term Loans in Other Cities: