Installment Loans in Maine
Maine regulates higher-rate personal installment lending through its Supervised Lender framework. Within the PLS Cash Advance range, the statutory closed-end finance-charge ceiling is tiered at 30% / 24% / 18% by unpaid-balance band.
Maine legal category: Supervised Consumer Loan · Maine Consumer Credit Code, Title 9-A, Part 4
Maine installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Supervised Consumer Loan
- Maximum amount in this regime
- The cited Maine supervised-loan provisions do not impose a $5,000 statutory maximum. PLS Cash Advance uses $1,000–$5,000 as its current editorial routing range.
- Term
- No single maximum term is asserted for every Maine supervised consumer loan in the site range; repayment structure depends on the loan agreement and applicable Consumer Credit Code provisions.
- Regulator
- Maine Bureau of Consumer Credit Protection
- Verified
- 2026-09-07
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in Maine
Editorial payday-intent route inside Maine’s supervised-loan framework; $1,000 is not a statutory payday maximum.
Installment Loans in Maine
Editorial multi-payment route; Maine’s statutory framework extends beyond the site’s $5,000 selector.
Amount and term limits
The cited Maine supervised-loan provisions do not impose a $5,000 statutory maximum. PLS Cash Advance uses $1,000–$5,000 as its current editorial routing range.
No single maximum term is asserted for every Maine supervised consumer loan in the site range; repayment structure depends on the loan agreement and applicable Consumer Credit Code provisions.
Interest, fees and repayment
Maine uses tiered actuarial finance-charge ceilings rather than one flat APR across the whole $200–$5,000 range.
For closed-end consumer loans, §2-401 permits 30% per year on the first $2,000, 24% on the portion above $2,000 through $4,000, and 18% on the portion above $4,000.
A Maine supervised consumer loan may use scheduled installment repayment under the loan agreement and Consumer Credit Code.
| Principal band | Maximum annual interest rate |
|---|---|
| $0–$2,000 | 30% |
| $2,000–$4,000 | 24% |
| Over $4,000 | 18% |
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Refinancing and renewal are governed by the Maine Consumer Credit Code and the specific loan contract; no universal rollover flag is asserted for every installment loan. - Prepayment penalty allowed?
- No
Consumers generally may prepay covered consumer credit transactions in full or in part without penalty, subject to limited statutory exceptions.
Maine borrower protections
- Supervised lenders must be appropriately licensed.
- Closed-end consumer-loan rates are capped by statutory unpaid-balance tiers.
- Consumers generally may prepay without penalty.
- The $5,000 endpoint is the PLS Cash Advance selector boundary, not a Maine legal maximum.
Maine loan cost calculator
How to verify a lender in Maine
Regulator: Maine Bureau of Consumer Credit Protection.
Supervised Lender
Official sources
- Maine Consumer Credit Code §2-401 — Finance charge for consumer loans · primary
- Maine Consumer Credit Code §2-509 — Right to prepay · primary
- Maine Bureau of Consumer Credit Protection — Supervised Lenders · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.