Maine cash loans

Cash loans, also called payday loans or payday advances, are a way for people to get a little extra cash to tide them over to their next payday.

Especially in a state like Maine with its tough winters, when the heater breaks down, waiting until payday to get it fixed isn't an option. When other medical, household or auto expenses spring up, a little extra cash can quickly ease those burdens as well.

Considering the heafty fees charged by most banks for non-sufficient funds and overdrafts, cash loans can provide a more economical alternative and a quick solution to your problems.

Maine laws limit loan annual percentage rates to 30%. Since cash loans are designed as short term loans, usually 2-4 weeks, annual percentage rates don't really apply. For example, a $100 payday loan with a repayment of $102 in two weeks would be a violation under Maine law. Naturally, until Maine laws are changed to reflect the unique nature of the cash loan product, there will most likely be no place within Maine to get secure this kind of service.

Fortunately, some online lenders operate under the laws of their state as opposed to the laws of the borrowers state, so our network of lenders may well be able to help you get a payday loan fast.