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Best Bad-Credit Loan Lenders in Maine

MoneyGeek evaluated over 30 personal loan providers for more than 35 key data points to find the best bad-credit loan lender in Maine. We looked at lenders’ APR ranges, repayment terms, loan amounts, eligibility requirements and more.

Based on this review, Upstart offers the best bad-credit loan in Maine. The lender’s low minimum credit score requirement of 300 allows numerous borrowers to qualify for a loan. Our runner-up pick is Upgrade, with its relatively low credit score requirement and flexible repayment term options.

Best Overall Bad-Credit Loan in Maine: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


    on Upstart Website

Runner-Up for Best Bad-Credit Loan in Maine: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


    on Upgrade Website

How to Choose the Best Bad-Credit Loan in Maine for You

When used properly, a personal loan can cover unplanned expenses and even help improve your credit score. However, borrowers with bad credit should carefully consider whether taking out a personal loan is the best decision, as making late payments could lower their score further.

Before applying for a bad-credit loan in Maine, MoneyGeek recommends taking the following steps to make the best decision.


Ask Yourself the Important Questions

Asking yourself the following questions will help you decide if looking for bad-credit loans in Maine is the wisest financial move for your circumstances:

  • How much funding do you need? Knowing how much money you require will enable you to choose a lender who can meet your financial needs.
  • What’s your credit score? Before approving or rejecting your loan application, lenders take into account a variety of factors, including your credit score. Typically, borrowers with higher credit scores receive lower interest rates.
  • Can you afford the monthly payments? Calculate your monthly payment amount to see if you can afford a bad-credit loan.
  • Do you have existing debts? If you have existing debt, consider repaying it before taking out a bad-credit loan.
  • Is your debt manageable through other means? Always choose low-interest or interest-free options, like taking out a low-interest credit card or borrowing from friends and family.

Do Your Research

Research lenders for their APR ranges, loan amounts, repayment terms and more to find the best one for you. Although MoneyGeek's tools can assist you in gathering this information, we strongly advise conducting your own research since our suggestions might not exactly meet your needs.


Read the Fine Print

When searching for lenders, it’s common to overlook little things, like the fine print. This could be a costly mistake. Check to see if your lender charges fees for loan processing, late payments or loan prepayment as these will all impact the total cost of the loan. Check if the lender offers a discount for setting up automatic payments. Long-term financial savings can be achieved by carefully reading the fine print.



We advise you to hold off on submitting a loan application for a few days after you believe you have found the ideal lender. During this time, you might research the lender's track record for customer service or think about alternative financing options. A loan is a long-term commitment that can take between two and four years to repay, so it’s important that you’re confident in your lender choice.



When everything is in order, you can submit your loan application. Gather all the paperwork that your preferred lender may require, like proof of identification, address or income. To prevent delays with loan acceptance, make sure the information in your application is accurate.

Online applications are accepted by some lenders, which is perfect for candidates who wish to save time. But if the option is available, there's no harm in contacting or visiting your lender, since it will give you the opportunity to ask questions in person.

What to Do if You Can’t Get a Bad-Credit Loan in Maine

Even if you meet a lender’s credit requirements and provide all the required information, your application may still be rejected. If your application for a bad-credit loan in Maine is denied, you should contact the lender directly to find out why.

Sometimes, you can modify the terms of your loan, like the repayment period or loan amount, to have it approved. If your credit score is the issue, this may take some time. MoneyGeek recommends improving your credit before submitting another application to avoid negatively impacting your score further.

If you’re rejected for a bad-credit loan in Maine, it may be tempting to turn to a payday loan for your funding needs. However, MoneyGeek strongly advises against this, as these loans feature short repayment terms and high interest rates that may cost borrowers more money in the long run.

Calculate Your Monthly Payment

In most cases, the lenders require you to pay back your loan in equal monthly payments, including interest. Before you apply for a loan, you can estimate your monthly payment by using MoneyGeek's personal loan calculator. Get an estimate of your monthly payment simply by entering your loan information.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in Maine

When requesting a personal loan, there are many factors to take into account. Below, MoneyGeek has provided answers to some frequently asked questions about bad-credit loans in Maine.


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MoneyGeek reviewed more than 30 personal loan providers for over 35 key data points across six categories: flexibility, affordability, transparency, customer service ratings, consumer friendliness and affordability.

Within each category, we took into account a number of particular data parameters that are essential when choosing a personal loan lender. These include APR ranges, loan amounts, credit score and income requirements, application costs and fund disbursement times.

At MoneyGeek, you are our priority, so we also took into account features that improve the overall user experience, including customer service and business ratings, as well as convenience features, like mobile applications, prequalification and payment options.

Our recommendations were made after thorough consideration, always keeping your best interests in mind. We hope that our expert tips and suggestions help you make well-informed financial decisions.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.