Personal Loans in Maine
We connect Maine residents with third-party lenders. We do not lend or set your rates.
Get StartedSET Financial is a lead-connection service for new loan requests, not the lender. Not everyone who applies will be matched or approved.
Connecting Maine Residents with Lenders
SET Financial is a loan matching service, not a lender. We help Maine residents connect with third-party lenders in our network who review applications, make all credit decisions, and set every rate and term. Many of the lenders we work with consider applicants with bad, thin, or limited credit, though approval is never guaranteed.
An installment loan gives you a lump sum that you repay in fixed, scheduled payments over a set period, so you know the amount and timeline up front. Maine residents commonly use these loans for car repairs, medical or dental bills, home heating and winter expenses, debt consolidation, moving costs, or unexpected emergencies. SET Financial only helps you find a lender; the lender you match with decides your loan amount, rate, and repayment schedule.
How It Works
- ✓ Share a few details about what you're looking for
- ✓ We connect you with lenders in our network
- ✓ The lender reviews your request and any offer
- ✓ You decide whether to move forward with the lender
- ✓ SET Financial is never a party to your loan
Who the Network Works With in Maine
Bad credit
A low credit score does not automatically rule you out. Some lenders in our network weigh income and ability to repay alongside your score, though only the lender decides and approval is never guaranteed.
Thin or no credit
If you have little or no credit history, you can still request a match. Certain lenders look at factors beyond a traditional credit file when reviewing an application.
Self-employed or 1099 income
Freelancers, gig workers, and contractors can apply. Lenders may ask for bank statements, invoices, or tax records to verify income before making any decision.
Fixed income
Retirement, disability, or other steady fixed income may be considered. The lender you match with evaluates whether the payment fits your budget and sets all terms.
Maine Rates and Your Protections
Consumer lending in Maine is governed by the Maine Consumer Credit Code (Title 9-A) and overseen by the Maine Bureau of Consumer Credit Protection. Under the Code, a consumer loan with an annual finance charge rate above 12.25% is a supervised loan, and a creditor must be a supervised financial organization or hold a state license to make it. SET Financial does not lend and does not set rates; each rate, fee, and term is determined solely by the third-party lender you match with, subject to applicable Maine and federal law.
Before you sign, confirm the lender is properly licensed or authorized to lend in Maine and review the full APR, fees, and payment schedule disclosed on your loan agreement.
Regulator: Maine Bureau of Consumer Credit Protection (Maine Department of Professional and Financial Regulation).
Serving Borrowers Across Maine
The lender network works with residents statewide, including:
Portland · Lewiston · Bangor · South Portland · Auburn · Biddeford · Sanford · Saco
Common questions
Quick answers. For more, see our full FAQ page.
Does SET Financial lend money in Maine?
No. SET Financial is a loan matching service, not a lender. We connect Maine residents with third-party lenders who make all credit decisions and set all rates and terms. We are not a lender and do not claim to be licensed as a lender in Maine.
Who regulates consumer loans in Maine?
Consumer lending in Maine is administered under the Maine Consumer Credit Code (Title 9-A) and overseen by the Maine Bureau of Consumer Credit Protection, part of the Maine Department of Professional and Financial Regulation.
What rates can I expect on a Maine personal loan?
Rates are set entirely by the lender you match with, not by SET Financial. Under the Maine Consumer Credit Code, a loan with an annual finance charge rate above 12.25% is a supervised loan requiring the lender to be licensed or an authorized financial organization. Always confirm your exact APR on the loan agreement.
Can I get matched with a lender if I have bad credit?
Possibly. Some lenders in our network consider applicants with bad or limited credit, but every credit decision belongs to the lender and approval is never guaranteed.
How do I verify a lender before signing?
Confirm the lender is properly licensed or authorized to make loans in Maine, and carefully review the APR, all fees, and the full repayment schedule disclosed in your loan agreement before you accept.