A 30% APR small-loan cap rules out triple-digit-rate cash advances entirely.
What a Cash Advance Costs in Maine
Maine law prohibits charging more than 30% APR on loans under $2,000, one of the stricter small-loan caps in the country.
Loan Size, Term, and Renewal Rules
Any lender serving Maine residents must hold a Maine Supervised Lender license and stay within that 30% ceiling, regardless of where the lender is based.
| Factor | Rule |
|---|---|
| Rate cap (under $2,000) | 30% APR |
| Licensing | Maine Supervised Lender license required |
Verify current rules with the Maine Bureau of Consumer Credit Protection before applying with any lender — this summary is for general information only, not legal advice.
Comparing Your Options in Maine
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