Instant Loan
Online Company
instantloan.net/me
Instant Loan is a company that works with clients all across the US and has a proven track record for getting their borrowers exactly what they need. This company is headquartered in Arizona but maintains a massive database of payday loan companies in each state. When you use their service, you’ll usually be hooked up with a lender extremely close to your area.
The lack of payday loan regulations in Maine mean you should consider sticking with a US based lender and possibly one with a physical office in Maine itself. Some lenders may only offer loans using the information they have for their home state. This can be a big disadvantage if you are looking for a large amount but the lender is based in an area with low payday loan limits imposed by legislation.
What They Offer
Instant Loan can connect you with lenders that overlook things such as how long you’ve been employed, your credit history and whether or not you have other loans in place from other payday loan companies. This enables you to have access to a more flexible dollar amount as well as rates, terms and length of time you need to pay it back.
In some cases, you might be eligible for a non-traditional short-term loan that while similar to a normal payday loan, will offer you large amounts that you can gradually pay off for up to 36 months in some cases. This can be an attractive offer if you don’t make much per month.
Where They Are Located
Instant Loan isn’t technically located anywhere because it’s a fully online company. When the internet was fairly young, people didn’t trust online companies but over time we’ve all grown to trust and rely on them almost every single day. This company will try very hard to find you the perfect lender and many times they could be located extremely close to your home or city.
Maine often has extreme weather and some cities are very small and far apart so it’s a great benefit to be able to handle everything online. You can use a laptop or newer mobile phone to fill out the application from almost anywhere.
Rates/Terms
Maine has no payday loan laws set in stone so you have a tremendous amount of options at your disposal. Every lender that Instant Loan suggests will have very different rates and fees. It’s very much worth your time to shop around until you find rates that match your needs perfectly. It’s not uncommon in Maine to have some lenders willing to negotiate rates and fees a little bit.
Additional Info
Due to the lack of regulations, make sure you take the time to go over every detail of a loan that is offered. You don’t want to end up with all kinds of small fees that gain interest every month.
