- Payday loans in Saco 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 Saco; ask about small-dollar loans before borrowing.
Saco at a glance
| Saco | |
|---|---|
| Population (2024 Census estimate) | 21,064 |
| Change since 2020 | +3.2% (growing) |
| County | York County |
| Size rank among 23 Maine places we cover | 9th |
| Share of Maine’s population | 1.5% |
| Nearest larger city | South Portland (about 10 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in York County | 2 |
| Other towns within 25 miles | 5 (about 162,815 residents) |
| Typical payday APR statewide (CRL 2023) | 228% |
Payday lending in Saco follows Maine state law. Lenders that serve Saco, in a store or online, must be licensed by the Maine Bureau of Consumer Credit Protection.
Credit unions in Saco
These credit unions have their main office in Saco, according to NCUA call report data (June 2026):
- Saco Valley Credit Union (state charter)
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.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
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Payday loan rules that apply in Saco
The main Maine rules for a payday loan in Saco: 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 Saco
The Center for Responsible Lending put the typical APR on a $400 payday loan in Maine at 228% (June 2023). We could not verify a fee cap for Maine; check current limits with the Maine Bureau of Consumer Credit Protection. Check any offer with our payday loan calculator.
Other help in York County before you borrow
- Call or text 211 for help with rent, utilities and food in York County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Saco
- Biddeford · 6 mi
- South Portland · 10 mi
- Westbrook · 13 mi
- Portland · 14 mi
- Sanford · 18 mi
- Auburn · 39 mi
The nearest larger city is South Portland, about 10 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 Saco?
Yes. Payday loans are legal in Saco 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 Saco?
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 Saco?
Yes. NCUA data lists 1 credit union with a main office in Saco, including Saco Valley Credit Union.
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