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Best Online Short-term Loans in Presque Isle

Facing a cash crunch and need funds fast? You're not alone. The stress of unexpected expenses can disrupt anyone's peace of mind. That's where our Best Cash Advance Short-term Loans come in, providing quick and easy solutions to your financial hiccups. Say goodbye to long waits and complicated paperwork. Our streamlined process ensures you get the cash you need, when you need it. Whether it's an emergency or a small purchase, we've got your back. Unlock financial freedom today with our reliable and swift short-term loan services. Don't let financial stress hold you backā€”take the leap now!

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Best Online Short-term Loans in Presque Isle

Katahdin Financial Services
Financial institution

Address: 12 North St, Presque Isle, ME 04769

Phone Number: +1 (207) 764-2366

Website: katahdintrust.com/katahdin-financial-services.aspx

Services:

Financial planning Investment advising Asset Protection Brokerage Services Business Continuity Plan Down Payment Assistance Global Investment Individual Planning Merchant Services Personal Loans Reorder Checks Sba Loans Small Business Plans Term Loans
Farm Credit East
Bank

Address: 26 Rice St, Presque Isle, ME 04769

Today's Business Hours: 8:00 AM - 4:30 PM

Phone Number: +1 (800) 831-4640

Website: farmcrediteast.com

Alternatives to Short-term Loans in Presque Isle

Short-term loans offer quick access to funds and are typically repaid within a few months to a year. Personal loans are unsecured, allowing borrowers flexibility in use, with payments spread out over a set period in fixed installments. Installment loans, on the other hand, are typically secured and involve agreed-upon repayment in regular monthly payments, often with lower interest rates compared to credit cards. Title loans provide immediate cash by using a vehicle title as collateral, allowing borrowers to keep using their car while loan payments are made, but posing a risk of losing the vehicle if the loan is not repaid.

Best Personal Loan

Aroostook County Federal S & L
5.00
1 reviews

Short-term loans offer quick financial solutions for various needs, and personal loans are a popular option within this category. Best personal short-term loans typically have lower interest rates compared to payday loans and can be used for a wide range of personal expenses such as medical bills, home repairs, or unexpected emergencies. They usually require a good credit score, but some lenders also accommodate individuals with fair or poor credit ratings by offering higher interest rates or requiring a co-signer.

Loan Regulations in Maine

In Maine, short-term loan regulations are designed to protect consumers while providing access to short-term credit. The state permits payday lending, but with specific restrictions to control the costs associated with these loans. Interest rates for short-term loans in Maine are capped, with a maximum annual percentage rate (APR) that varies depending on the loan amount. For loans up to $2000, the rate cap is 30% APR.

To be eligible for a short-term loan in Maine, borrowers typically need to meet standard requirements such as having a steady source of income, being at least 18 years old, and having an active bank account. The terms of these loans, including the repayment period, are regulated to ensure they are reasonable and protect borrowers from potential debt traps.

Short-Term Loan Calculator

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

For individuals who have secured a short-term loan, there are various local service providers where these funds can be utilized. Medical services, car repair shops, legal consultation practices, funeral services, and appliance repair centers are among the essential sectors where such loans might be directed.

Car Accessories
634 Main Street, Presque Isle, ME 04769
+1 (207) 760-0541
Car Wash
103 State Street, Presque Isle, ME 04769
Club & Association
436 Main Street, Presque Isle, ME 04769
+1 (207) 764-6181
College/University
187 Main Street, Presque Isle, ME 04769
Dentist
165 Academy Street, Presque Isle, ME 04769
+1 (207) 764-5675
Fast Food
700 Main Street, Presque Isle, ME 04769
+1 (207) 769-0871
Fitness Club & Center
605 Central Drive, Presque Isle, ME 04769
+1 (207) 227-0157
General Practitioner
169 Academy Street, Presque Isle, ME 04769
+1 (207) 540-1430
Government Office
202 Lathrop Road, Presque Isle, ME 04769
+1 (207) 764-2541
Hospital
140 Academy Street, Presque Isle, ME 04769
+1 (207) 768-4000
Hotel
768 Main Street, Presque Isle, ME 04769
+1 (207) 760-9292
Library
181 Main Street, Presque Isle, ME 04769
+1 (207) 768-9595
Mobile Phone Shop
733 Main Street, Presque Isle, ME 04769
+1 (207) 764-6212
Movie Theater
408 Main Street, Presque Isle, ME 04769
+1 (207) 768-5500
Museum
650 Airport Drive, Presque Isle, ME 04769
+1 (207) 764-2542

FAQ

What is a Short-Term Loan?

A short-term loan is a type of financial product that provides borrowers with quick access to funds that must be repaid within a shorter period, generally ranging from a few weeks to a few months. These loans are designed to cater to immediate financial needs, making them suitable for emergencies.

Can I Get a Short-Term Loan with Bad Credit?

Yes, many lenders offer short-term loans to individuals with bad credit. However, the terms may differ, such as higher interest rates or lower loan amounts. It's essential to compare the options available to find a lender that caters to your specific credit situation.

What are Same-Day Loans?

Same-day loans are a subtype of short-term loans that are processed quickly, often within the same day of application approval. They are ideal for urgent financial needs, allowing borrowers to access funds without unnecessary delays.

How Do Short-term Loans Work?

Short-term loans are a form of short-term loans that are typically due on your next payday. They offer a fast solution to immediate cash shortages, requiring borrowers to repay the full loan amount, plus fees, in a single installment once they receive their paycheck.

What Are the Requirements for Obtaining a Short-Term Loan?

To obtain a short-term loan, lenders usually require you to meet certain criteria, such as being at least 18 years old, having a steady income source, and an active bank account. Some lenders might also require proof of identity and residence.

How Much Can I Borrow with a Short-Term Loan?

The amount you can borrow with a short-term loan varies by lender, but typically ranges from $100 to a few thousand dollars. The exact amount will depend on factors such as your income, credit score, and the lender's policies.

Are There Risks Associated with Short-Term Loans?

Short-term loans can carry high-interest rates and fees, especially for individuals with bad credit, making them expensive if not managed properly. It's vital to borrow only what you can repay and to explore alternative financing options when possible to avoid a cycle of debt.

Find Short-term Loans Near Me

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Presque Isle ZIP Codes

04769