- Payday loans in Bangor follow Maine law (Maine Consumer Credit Code (Title 9-A)).
- We could not verify a fee cap for Maine; check current limits with the Maine Bureau of Consumer Credit Protection.
- 1 credit union is headquartered in Bangor; ask about small-dollar loans before borrowing.
Bangor at a glance
| Bangor | |
|---|---|
| Population (2024 Census estimate) | 32,446 |
| Change since 2020 | +2.3% (growing) |
| County | Penobscot County |
| Size rank among 23 Maine places we cover | 3rd |
| Share of Maine’s population | 2.3% |
| Nearest larger city | Lewiston (about 85 miles) |
| Credit unions headquartered in town (NCUA) | 1, 1 federal |
| Credit unions headquartered in Penobscot County | 8 |
| Other towns within 25 miles | 3 (about 25,962 residents) |
| Typical payday APR statewide (CRL 2023) | 228% |
There is no separate Bangor payday law: Maine rules apply here, and any lender serving Bangor residents, online or in person, needs a license from the Maine Bureau of Consumer Credit Protection.
Credit unions in Bangor
These credit unions have their main office in Bangor, according to NCUA call report data (June 2026):
- Bangor Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Bangor
In short, Maine rules that cover Bangor include: licensing: lenders must be licensed by the Bureau of Consumer Credit Protection; fees: maine limits fees on small loans; check the Bureau for current limits. See the full Maine payday loan rules.
What a $300 loan costs in Bangor
We could not verify a fee cap for Maine; check current limits with the Maine Bureau of Consumer Credit Protection. Statewide, the typical APR on a $400 payday loan was 228% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Penobscot County before you borrow
Before a payday loan, Bangor residents can usually find something cheaper:
- Local assistance through 211 covering Penobscot County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Bangor
The nearest larger city is Lewiston, about 85 miles away. See all 23 Maine cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Bangor?
Yes. Payday loans are legal in Bangor under Maine state law, and lenders must be licensed by the Maine Bureau of Consumer Credit Protection.
How much does a payday loan cost in Bangor?
We could not verify a fee cap for Maine; check current limits with the Maine Bureau of Consumer Credit Protection. The typical statewide APR was 228% in 2023.
Are there credit unions in Bangor?
Yes. NCUA data lists 1 credit union with a main office in Bangor, including Bangor Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Maine Bureau of Consumer Credit Protection
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary