Swift Title Loan

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Easily apply online

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Get cash and keep your car

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Repay loan and get title back

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Title Loans in Maine

In a Nutshell: What Are Car Title Loans in Maine?

If you're a Maine resident in need of quick cash, Swift Title Loans offers an accessible solution using your vehicle's title as collateral. With these state-regulated loans, you can secure funds ranging from $2,500 up to $50,000, depending on your vehicle's value and clear title.

Typically, APRs can go up to 150%, with repayment terms usually structured from 30 days to several months. Keep in mind that while title loans provide fast cash, missing repayments could risk your vehicle.

Serving your community, we provide quick cash loans for local borrowers, ensuring that reliable financial solutions are right around the corner for you. Check your eligibility for a loan near you today!

Key Takeaways: Title Loans in Maine

  • Title loans available: Residents of Maine can still access title loan services despite certain state restrictions.
  • Use Your Car as Collateral: Unlock cash using your vehicle title while retaining full use of your car.
  • Fast Access to Funds: Get approved and receive money often within 24 hours—sometimes even the same day.
  • Bad Credit Approval: Borrowers with poor credit scores have options as approval focuses on vehicle value and income.
  • Loan Amounts Up to $50,000: Typical loans range from $2,500 to $50,000, depending on equity and income.
  • High-Interest Rates: Use responsibly for short-term needs due to potentially high APRs and the risk of vehicle repossession.

Title Loans in Maine: Regulations & Key Details

Maine offers title loans as a solution for individuals needing quick cash, especially those with bad credit. However, understanding the specific regulations and conditions is crucial before borrowing.

Loan Amount Range (Min-Max) Fees & APR % Repayment Terms Unique State Law Conditions
$500 - $5,000 Varies; typically up to 30% APR 30 to 60 days Sales tax applies; all lenders must be licensed under the Maine Bureau of Consumer Credit Protection

Under the [Maine Revised Statutes Title 9-A](https://legislature.maine.gov/statutes/9-A/title9-A-chapter5.html), title loans are regulated to protect borrowers. It's essential for consumers to choose a licensed lender that adheres to these regulations. Borrowers can apply online with Swift Title Loans for a fast, no-obligation estimate, alleviating financial stress quickly. Remember, understanding these details will help you make an informed decision during your borrowing process.

Online Title Loans in Maine

You can apply online for title loans with Swift Title Loans, specifically designed for local borrowers in need of fast cash. Start by sharing your car and contact details, then upload photos of your vehicle for a remote review by a lender. While approval is subject to the lender's policies, you could receive same-day cash without visiting a store. Enjoy the convenience of securing funds from home!

Why Choose Swift Title Loans?

Local Service

We proudly serve our community with personalized support.

Fast & Easy

Apply today and get cash in hand—often the same day.

Online Convenience

Start your application online and finish in minutes.

No Pre-Payment Penalties

Pay off your loan early without any extra fees.

No Hassle, No Credit Check

We focus on your car’s value, not your credit score.

Experience a title loan process that’s quick, local, and built around your needs

How It Works in Maine

Getting the cash you need is quick and simple with our title loan process

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Apply in Minutes

Apply online or give us a call. No mountains of paperwork!

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Use Your Car Title

Your vehicle stays with you; we just hold the title as collateral.

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Get a Quick Evaluation

We’ll estimate your loan based on your car’s value and your ability to repay.

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Sign & Drive

Once approved, sign your agreement and leave with cash the same day.

Example of Title Loan Funded in Maine

Here's a real example of a funded title loan from our branch:

2022 Jeep Cherokee

2019 Kia Niro

Loan Term24 month36 month
Estimated Vehicle Value$30000$23000
Loan Amount$3782$3679
Processing Fee$75$75
Lien Recording Fee$15$15
Monthly Payment$165.92$110.26
Monthly Interest0.420.42
APR5.00%5.00%

*All our repayment plans are without any hidden fees or prepayment penalties.

Responsible Recommendation for Maine Residents

Before applying for a title loan in Maine, we encourage you to explore safer financial alternatives that might suit your needs better. Local banks and credit unions often provide lower interest rates, more flexible repayment terms, and personalized service that can help you feel more secure in your borrowing decisions.

Here are a few trusted financial institutions in Maine:

✅ Tip: Always compare interest rates, repayment terms, and fees before making any financial commitment. Exploring all options can lead to a more favorable financial solution.

Frequently Asked Questions

Quick answers to help you feel confident about title loans.

What are the lending limits for title loans in Maine?

In Maine, title loans typically range from $200 to $5,000, depending on the value of the vehicle and the lender's policies. Always verify with local lenders for specific amounts.

What is the maximum annual percentage rate (APR) for title loans in Maine?

The APR for title loans in Maine can be quite high, often ranging up to 150% or more, depending on the terms and the lender. It's crucial to understand the total cost of the loan before borrowing.

How can I apply for a title loan in Maine?

You can apply for a title loan online through Swift Title Loans, making the process quick and convenient. We offer fast, no-obligation estimates to help you figure out your financing options.

What documents do I need to obtain a title loan?

When applying for a title loan, you will typically need the following documents:
  1. Proof of identity (e.g., driver's license or state ID)
  2. Proof of residence (e.g., utility bill or lease agreement)
  3. Vehicle title (in your name, free of liens)
  4. Proof of income (e.g., pay stubs or bank statements)

Are there any risks associated with title loans?

Yes, title loans can carry significant risks, including high-interest rates and the potential for repossession of your vehicle if you fail to repay the loan. We recommend borrowing only what you can afford to repay to avoid these consequences.

Will title lenders in Maine work with borrowers with bad credit?

Many lenders in Maine are willing to work with borrowers with bad credit, as the loan is secured by the vehicle's title. Swift Title Loans provides options even for those with less-than-perfect credit histories.

Are title loans legal in Maine, and how can I access them?

Yes, title loans are legal in Maine, and you can access them through licensed lenders. However, if you encounter any difficulties, federally regulated lenders and online lending programs may offer alternative options that comply with federal laws.

What should I do if I can’t repay my title loan?

If you’re unable to repay your title loan, it’s important

Fast Title Loans

Get pre-approved for your title loan in under 5 minutes. Quick start, because your time is precious.

How much can I borrow?

High Security

256-bit SSl

TLS Security

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