Payday Loans in East Vassalboro, Maine

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

Company nameAddressZip codePhone number
Androscoggin Bank 12 Subaru Dr, Auburn, ME 04210 +1 (207) 777 - 6642
TD Bank 1237 Main St Route 109, Sanford, ME 04073 +1 (207) 324 - 8946
Citizens Bank Commercial Lending 100 Middle St 1, Portland, ME 04101 +1 (207) 871 - 1110
First National Bank 145 Exchange St, Bangor, ME 04401 +1 (207) 974 - 5001
Norway Savings Bank 7 High St, South Paris, ME 04281 +1 (207) 743 - 9771
University Credit Union - Bangor 977 Union St, Bangor, ME 04401 +1 (800) 696 - 8628
People's United Bank 780 Roosevelt Trail, Windham, ME 04062 +1 (207) 892 - 8008
Northeast Bank - Buckfield 2 Depot St, Buckfield, ME 04220 +1 (207) 336 - 2371
Bangor Savings Bank 241 US-1, Scarborough, ME 04074 +1 (207) 883 - 8404
Varney Ford 237 Moosehead Trail, Newport, ME 04953 +1 (888) 460 - 7356

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in East Vassalboro, ME, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Bangor, ME, Online Loans in Lewiston, ME and Payday Loan for 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 East Vassalboro, ME.

Beautiful sights of East Vassalboro, ME

Are Payday Loans Legal In East Vassalboro, 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

East Vassalboro, ME payday loan calculator

Payday Loans in East Vassalboro, Maine

Are you facing a financial emergency and need cash fast? A payday loan may be an option to consider. In East Vassalboro, Maine, payday loans are allowed under certain regulations imposed by the state government to protect consumers.

What are payday loans?

A payday loan is a short-term loan designed to help you cover unexpected expenses or emergencies until you receive your next paycheck. Typically, payday loans are due to be repaid in full within two weeks, with interest and fees added to the initial loan amount.

Regulations on payday loans in East Vassalboro, Maine

In Maine, payday lenders are regulated by the state government to ensure that borrowers are protected from predatory lending practices. This means that payday loans are only permitted for licensed lenders, who must abide by strict rules and guidelines.

  • The maximum amount of a payday loan in Maine is $2000.
  • Interest rates on payday loans are capped at 30 percent per annum for loans up to $2000.
  • Lenders must disclose all fees and charges associated with the loan, including the annual percentage rate (APR).
  • Borrowers are allowed to cancel a payday loan within one business day of taking it out with no penalty.
  • Lenders are prohibited from using coercion, harassment, or other abusive or unfair practices to collect repayment.

Factors to consider before taking out a payday loan

Before taking out a payday loan, it’s important to evaluate your situation carefully and consider all of your options. Payday loans can be expensive and may lead to a cycle of debt if you’re unable to repay in full and on time. Some factors to consider include:

  • The cost of the loan, including interest and fees
  • Your ability to repay the loan on time
  • Other alternatives, such as emergency funds, borrowing from family or friends, or other types of loans
  • The potential impact on your credit score if you’re unable to repay the loan on time

Interesting facts and statistics about payday loans in Maine

  • The average payday loan amount in Maine is $229.
  • There are approximately 60 licensed payday lenders in Maine.
  • In 2019, Maine borrowers took out about 161,000 payday loans, totaling over $54 million.
  • The APR for payday loans in Maine is 217 percent on average.

Apply now with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that helps connect borrowers with potential lenders. We are not a direct lender and do not make credit decisions. If you’re interested in applying for a payday loan in East Vassalboro, Maine, we encourage you to fill out an online application on our website. Our service is fast, easy, and secure, and you can receive a decision in minutes. Remember to consider all of your options and borrow responsibly.

F.A.Q.

Can I be charged with a penalty if I miss a payment on my payday loan in East Vassalboro, Maine?

Yes, if you miss a payment on your payday loan in East Vassalboro, Maine, the lender may charge you a penalty fee. This fee is in addition to any interest or other fees that may be charged for the loan. It is important to make your payments on time to avoid incurring any additional fees.

Can I have multiple payday loans in East Vassalboro, Maine at the same time?

No, you can only have one payday loan in East Vassalboro, Maine at a time.

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