Payday Loans Laws, Maine (ME)

Do you live in Maine and wondering how to get a loan fast to solve your present financial problem? In the state of Maine, supervised payday lenders can operate legally, so if you want a loan you can easily get one from any of the local payday stores near your home. However, when you want a hassle free transaction then just apply online to obtain instant cash.

Online payday lenders take away the hassle of applying for a regular loan, the inconvenience, and embarrassment of personally borrowing money, as you do not need to visit the store as the transaction can be completed at the comfort of your home. In fact, as long as you do not mind paying more for a loan then payday loans are the perfect solution to your money problem.

Payday loans are high interest bearing loan, so you will certainly pay more but when you need money for medical emergencies, credit card bills, overdraft fees, and money to buy foods then the extra fees should not matter as your needs is greater than the additional costs.

$100 up to $2000

By the way, the state of Maine put a cap on loan rate, so payday lenders cannot charge over 30% of the total loan when the amount involved is less than $2000. In other words, if you borrow $75 to $250 the interest charge must not go higher than $15, while more than $250 loan has an interest of $25. As you can see, the interest fees are not the much, compared to the fact that you can get out of your most pressing debt.

So, there is no doubt that Maine online payday loans can help you in times of your need. Come to think of it! You can save yourself from a much bigger trouble, by simply paying more for a loan that could give you peace of mind immediately.

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