Maine personal loan rates range from 6.99% to 18.00% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in Maine include: NBT BankNBT Bank5 Widgery Wharf Fl 3, Portland, ME, 04101A+5.0 ★Texas Ratio: 3.43% offering Personal Loan Unsecured at 6.99% APR, Trademark Federal Credit UnionTrademark Federal Credit Union44 Edison Dr, Augusta, ME, 04330 6033A5.0 ★Texas Ratio: 12.88% offering Personal Loan at 6.99% APR, Milestones Federal Credit UnionMilestones Federal Credit Union291 Pine St, Lewiston, ME, 04240A+5.0 ★Texas Ratio: 4.64% offering Consolidation Loan at 7.50% APR, Cumberland County Federal Credit UnionCumberland County Federal Credit Union1345 Washington Ave, Portland, ME, 04103A+5.0 ★Texas Ratio: 4.81% offering Personal Loans at 7.50% APR, and Coast Line Credit UnionCoast Line Credit Union333 Cottage Rd, South Portland, ME, 04106 3919A+5.0 ★Texas Ratio: 0.47% offering Personal Loans at 7.75% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Maine side-by-side. Maine personal loan rates currently start as low as 6.99% APR from NBT Bank at 5 Widgery Wharf Fl 3, Portland, ME, 04101. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Maine.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Maine. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: October 13, 2026
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Payment Examples: On a $7,500 loan, the payment would be $231.54 per month for 36 months with a 6.99% APR.
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As Low As; Rates are determined by credit worthiness of the member, loan amount, and loan term
Terms may vary, subject to qualification; Longer terms may be available
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
Credit Tier: A+; Credit Score Tier 730+; Unsecured loans without collateral, guaranteed by a person/signature; 0.50% added on loans over $5,000
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Credit Rating: 720+; Grade: A+
As Low As; Rates shown for new loans only; Unsecured loans are personal loans not secured with collateral
Credit Rating: 680-719; Grade: A
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Credit Rating: 720+; Grade: A+
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As Low As; Based on credit score of 785 and higher
As Low As; Minimum Loan Amount: $300; Maximum Loan Amount: $25,000
Credit Rating: 680-719; Grade: A
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As Low As; Variable; Index: Prime (plus); Margin 2.99%; Payment per $1000 87.92 (12 months) not a rate
Credit Rating: 640-679; Grade: B
As Low As; Maximum Line: $10,000; Rates are fixed for the life of the loan.
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
As Low As; Rates shown for new loans only; Unsecured loans are personal loans not secured with collateral
No additional details available.
As Low As; Based on credit score of 785 and higher
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As low as; Payment per $1,000: $32.37
Maximum APR: Up to 18.00% APR
Credit Tier: A; Credit Score Tier 680-729; Unsecured loans without collateral, guaranteed by a person/signature; 0.50% added on loans over $5,000
As Low As; Minimum Loan Amount: $1,500; Maximum Loan Amount: $25,000
Credit Rating: 640-679; Grade: B
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As Low As; Based on credit score of 785 and higher
As Low As; Loan amount $500-$25000; Add 0.25% to rate if NOT paid via payroll deduction; A $100 loan refinance fee applies to most vehicle and personal loans - some restrictions apply
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
As low as; Payment per $1,000: $25.68
As Low As; Rate reflects .25% discount for relationship pricing
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As low as; Payment per $1,000: $21.69
As Low As; Minimum Loan Amount: $2,500; Maximum Loan Amount: $25,000
Terms may vary, subject to qualification; Longer terms may be available
Terms may vary, subject to qualification; Longer terms may be available
As Low As; Rate shown is "as low as" rate, actual rate determined by credit qualifications; Effective As of 10/13/2026
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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As Low As; Minimum Loan Amount: $15,000; Maximum Loan Amount: $25,000
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$75,000 Maximum
As Low As; Rate reflects .25% discount for relationship pricing
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As Low As; max loan $10,000
Terms may vary, subject to qualification; Longer terms may be available
Terms may vary, subject to qualification; Longer terms may be available
As Low As; APR varies based on creditworthiness, selected term, and collateral qualifications
Credit Rating: 600-639; Grade: C
As Low As; Rates shown for new loans only; Unsecured loans are personal loans not secured with collateral
As Low As; Maximum loan amount is $30,000; APR varies based on credit score and selected term
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Credit Rating: 600-639; Grade: C
As Low As; Based on credit score of 785 and higher
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As Low As; Maximum loan amount is $20,000
No additional details available.
As Low As; APR varies based on creditworthiness, selected term, and collateral qualifications
No additional details available.
As Low As; Rates shown for new loans only; Unsecured loans are personal loans not secured with collateral
Credit Tier: B; Credit Score Tier 630-679; Unsecured loans without collateral, guaranteed by a person/signature; 0.50% added on loans over $5,000
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As Low As; Maximum loan amount is $20,000
As Low As; APR varies based on creditworthiness, selected term, and collateral qualifications
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Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrowers term and credit worthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
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As Low As; Maximum loan amount is $20,000
No additional details available.
As Low As; Rates shown for new loans only; Unsecured loans are personal loans not secured with collateral
APR=Annual Percentage Rate. Payments listed are examples only. Payment examples are based on a personal loan with a 60-month term & APR above, calculating the payment per $1,000. Interest rates determined by individual credit history. The "As Low As" rates quoted here are for credit scores of 740+. Rates, terms, & conditions subject to change at any time. The rate listed indicates automatic payment made electronically (not using cash, coupon book or check mailed to credit union to repay your loan). Add 1% to rate listed when using cash, check or coupons (non-electronic or automated payment method).
Credit Tier: C; Credit Score Tier 600-629; Unsecured loans without collateral, guaranteed by a person/signature; 0.50% added on loans over $5,000
No additional details available.
Credit Rating: 550-599; Grade: D
Credit Tier: D; Credit Score Tier 599 and below; Unsecured loans without collateral, guaranteed by a person/signature; 0.50% added on loans over $5,000
Credit Rating: 550-599; Grade: D
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Payment Examples: On a $7,500 loan, the payment would be $231.54 per month for 36 months with a 6.99% APR.
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As Low As; Featured rate on homepage
As low as; Loan Amount: $2501 and Over
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As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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Credit Rating: 720+; Grade: A+
Credit Rating: 680-719; Grade: A
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Credit Rating: 720+; Grade: A+
As low as; Loan Amount: $2501 and Over
As Low As; Based on credit score of 785 and higher
As Low As; Minimum Loan Amount: $300; Maximum Loan Amount: $25,000
Credit Rating: 680-719; Grade: A
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Credit Rating: 640-679; Grade: B
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
No additional details available.
As Low As; Based on credit score of 785 and higher
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Credit Rating: 640-679; Grade: B
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As Low As; Based on credit score of 785 and higher
As Low As; Loan amount $500-$25000; Add 0.25% to rate if NOT paid via payroll deduction; A $100 loan refinance fee applies to most vehicle and personal loans - some restrictions apply
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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Credit Rating: 600-639; Grade: C
Credit Rating: 600-639; Grade: C
As Low As; Based on credit score of 785 and higher
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No additional details available.
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Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrowers term and credit worthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Credit Rating: 550-599; Grade: D
Credit Rating: 550-599; Grade: D
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
As Low As; Minimum loan amount $500; Maximum loan amount $30,000; Stated rate is based on certain creditworthiness criteria
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As Low As; Rates are determined by credit worthiness of the member, loan amount, and loan term
As Low As; Variable; Index: Prime (plus); Margin 2.99%; Payment per $1000 87.92 (12 months) not a rate
$75,000 Maximum
As Low As; Maximum loan amount is $30,000; APR varies based on credit score and selected term
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As Low As; Maximum loan amount is $20,000
As Low As; Maximum loan amount is $20,000
As Low As; Maximum loan amount is $20,000
APR=Annual Percentage Rate. Payments listed are examples only. Payment examples are based on a personal loan with a 60-month term & APR above, calculating the payment per $1,000. Interest rates determined by individual credit history. The "As Low As" rates quoted here are for credit scores of 740+. Rates, terms, & conditions subject to change at any time. The rate listed indicates automatic payment made electronically (not using cash, coupon book or check mailed to credit union to repay your loan). Add 1% to rate listed when using cash, check or coupons (non-electronic or automated payment method).
Compare local Maine personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Maine personal loan rates fell 0.001 points over the past 7 days to 10.572% APR.
Maine signature loan rates rose 0.435 points over the past 7 days to 11.085% APR.
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Maine figures.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
Estimated monthly payments at the current ME average personal loan APR of 10.57%, across the terms lenders serving Maine most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $232.05/mo | $162.68/mo | $128.19/mo | $107.65/mo |
| $10,000 | $464.10/mo | $325.37/mo | $256.38/mo | $215.30/mo |
| $15,000 | $696.14/mo | $488.05/mo | $384.58/mo | $322.95/mo |
| $25,000 | $1,160.24/mo | $813.41/mo | $640.96/mo | $538.24/mo |
| $35,000 | $1,624.33/mo | $1,138.78/mo | $897.34/mo | $753.54/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the ME personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (ME average) | 10.57% | $384.58 | $3,460 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,690 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,225 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,817 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
Most lenders serving Maine will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Credit unions consistently publish the lowest personal loan APRs in our Maine data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $385 monthly loan payment is roughly 10.4% of the median individual income in Maine. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Maine.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current ME average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Maine personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Maine directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Maine. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in ME.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.