Maine Payday Loans
- No credit requirements
- Apply online and at locations
- Get up to $1,000
- Fast direct deposit
- From a licensed direct lender
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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If you’re seeking an urgent loan in Maine, 1F Cash Advance is your trusted neighborhood cash solution. Our payday loans can cover your emergency needs with instant approval decisions and same-day deposits for eligible borrowers. No hard credit check is required, making it easy to qualify for borrowers with bad credit.
How to Apply for a Loan?
With 1F Cash Advance, the entire process is just as simple as 1-2-3:
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Complete a form. You can do it online via the website, in person at our location, or over the phone by calling (207) 560-8940.
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Get approved. The underwriting process involves no hard credit check, so the loan decision will be made almost instantly.
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Receive your funds. If approved, get a same-day direct deposit in your bank account or receive instant cash at our store*.
*Cash pick-ups are only available to those who apply at our location. Online applications processed before 10:30 am ET on a banking day are funded on the same day. Loans originated after 10:30 am ET or on weekends will be transferred on the next banking day.
What Do I Need to Apply?
We make it easy to qualify for a loan. Here’s what we ask for:
- At least 18 years of age
- Valid government-issued photo ID
- Social Security Number
- Proof of income
- Proof of Maine residential address
- Active bank account and routing numbers
- Valid email and phone number
Maine Payday Loan Rates & Terms
The maximum payday loan amount you can get in Maine with 1F Cash Advance is $1,000. The repayment period can be up to 30 days. Maine law sets strict limits on what lenders can charge for small loans. Using a tiered-rate system, the interest rate cannot exceed 30% of the unpaid principal balance on loans up to $2,000. Below are examples of how the tiered rates apply:
| Amount | Rate | Finance Charge | APR (14 days) | APR (30 days) | Total Cost |
|---|---|---|---|---|---|
| $300 | 30% | $90 | 782.14% | 365% | $390 |
| $500 | 30% | $150 | 782.14% | 365% | $650 |
| $1,000 | 30% | $300 | 782.14% | 365% | $1,300 |
Alternatively, the finance charge method may apply. Under this method, lenders can contract for and receive a charge of no more than:
- $5 for an advanced amount of up to $75
- $15 when the amount financed is between $75.01 and $249.99
- $25 for loans of $250 or more.
Here are several cost examples:
| Amount | Finance Charge | APR (14 days) | APR (30 days) | Total Cost |
|---|---|---|---|---|
| $75 | $5 | $173.81% | 81.11% | $80 |
| $100 | $15 | 391.07% | 182.5% | $115 |
| $250 | $25 | 260.71% | 121.67% | $275 |
Examples are for informational purposes only. Actual terms and rates depend on your financial and credit details.
Things to Consider Before Borrowing Money
At 1F Cash Advance, we offer financial products created specifically to meet your short-term needs. Keep in mind that the cost of a payday loan can be high. Don’t use it as a long-term solution. Here are a few things to ask yourself before taking out a loan:
- Is it an urgent issue? Make sure your expense is a real emergency that can’t wait till your next paycheck.
- Can I afford this loan? Only borrow what you can repay in full and on time. Never take out a loan unless you have a solid repayment plan.
- Do I have other options? Consider cheaper alternatives (borrowing from family, credit card cash advance, etc.) first, and only use payday loans as a last resort.
Find 1F Cash Advance Locations in Maine
1F Cash Advance is proud to be your one-stop loan shop. Our professional team is always here to help you navigate the application process. Visit our Portland store during the operating hours and let us guide you. We also serve residents of Lewiston, Bangor, South Portland, Auburn, and other ME cities.
Need money in another state? We have 80+ stores across the US. Check out our location page to find one near you.
Why Choose 1F Cash Advance
Maine customers choose us for:
Exceptional Customer Care
Our dedicated support team offers expert guidance and helps you find the loan option that best fits your needs.
Easy & Secure Process
Complete our online loan process in just 5 minutes, no need to worry about your data safety. Advanced encryption technology keeps your information protected from third parties.
No Hidden Fees
We never charge fees not outlined in your loan agreement. This ensures transparency and helps you make informed financial decisions.
FAQ
What loan products and services do you offer?
Besides payday loans, we offer installment loans of up to $5,000. These loans allow you to repay the money in fixed installments over up to 24 months. Maine residents can also apply for small personal loans of up to $15,000 with us.
How can I use a payday loan?
Payday loans can be used for any personal need, but due to their cost, they’re best reserved for emergencies like car repairs, medical bills, or unexpected expenses.
Will applying for a loan affect my credit score?
Our loans involve no credit check through major credit bureaus. Instead, your financial profile is reviewed via third-party agencies using a soft inquiry, which doesn’t affect your credit score.
Can I get approved with bad or no credit?
Sure, we accept borrowers with any FICO ratings. We don’t delve into the details of your credit history and only assess your financial profile to evaluate your ability to repay.
How can I contact your customer support?
Our customer support team in Maine is always here for you at (207) 560-8940. You can also email us at [email protected] or fill out the feedback form on the website.