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MAINE PAWNBROKER RATE CHART
MAXIMUM FINANCE CHARGE PER 30-DAY PERIOD*
(TERM:  60-DAYS MAXIMUM INITIALLY; PLUS AT LEAST ONE EXTENSION OF ONE MONTH)
* NOTE:  These are maximum charges allowed.  Pawnbrokers may charge less than the amounts listed below.

**SPECIAL NOTE:  For loan amounts greater than $8,000 the annual percentage rate cap is 18%

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

$101

$25.25

300%

 

$201

$50.25

300%

 

$301

$75.25

300%

 

$401

$100.25

300%

$102

$25.50

300%

 

$202

$50.50

300%

 

$302

$75.50

300%

 

$402

$100.50

300%

$103

$25.75

300%

 

$203

$50.75

300%

 

$303

$75.75

300%

 

$403

$100.75

300%

$104

$26.00

300%

 

$204

$51.00

300%

 

$304

$76.00

300%

 

$404

$101.00

300%

$105

$26.25

300%

 

$205

$51.25

300%

 

$305

$76.25

300%

 

$405

$101.25

300%

$106

$26.50

300%

 

$206

$51.50

300%

 

$306

$76.50

300%

 

$406

$101.50

300%

$107

$26.75

300%

 

$207

$51.75

300%

 

$307

$76.75

300%

 

$407

$101.75

300%

$108

$27.00

300%

 

$208

$52.00

300%

 

$308

$77.00

300%

 

$408

$102.00

300%

$109

$27.25

300%

 

$209

$52.25

300%

 

$309

$77.25

300%

 

$409

$102.25

300%

$110

$27.50

300%

 

$210

$52.50

300%

 

$310

$77.50

300%

 

$410

$102.50

300%

$115

$28.75

300%

 

$215

$53.75

300%

 

$315

$78.75

300%

 

$415

$103.75

300%

$120

$30.00

300%

 

$220

$55.00

300%

 

$320

$80.00

300%

 

$420

$105.00

300%

$125

$31.25

300%

 

$225

$56.25

300%

 

$325

$81.25

300%

 

$425

$106.25

300%

$130

$32.50

300%

 

$230

$57.50

300%

 

$330

$82.50

300%

 

$430

$107.50

300%

$135

$33.75

300%

 

$235

$58.75

300%

 

$335

$83.75

300%

 

$435

$108.75

300%

$140

$35.00

300%

 

$240

$60.00

300%

 

$340

$85.00

300%

 

$440

$110.00

300%

$145

$36.25

300%

 

$245

$61.25

300%

 

$345

$86.25

300%

 

$445

$111.25

300%

$150

$37.50

300%

 

$250

$62.50

300%

 

$350

$87.50

300%

 

$450

$112.50

300%

$155

$38.75

300%

 

$255

$63.75

300%

 

$355

$88.75

300%

 

$455

$113.75

300%

$160

$40.00

300%

 

$260

$65.00

300%

 

$360

$90.00

300%

 

$460

$115.00

300%

$165

$41.25

300%

 

$265

$66.25

300%

 

$365

$91.25

300%

 

$465

$116.25

300%

$170

$42.50

300%

 

$270

$67.50

300%

 

$370

$92.50

300%

 

$470

$117.50

300%

$175

$43.75

300%

 

$275

$68.75

300%

 

$375

$93.75

300%

 

$475

$118.75

300%

$180

$45.00

300%

 

$280

$70.00

300%

 

$380

$95.00

300%

 

$480

$120.00

300%

$185

$46.25

300%

 

$285

$71.25

300%

 

$385

$96.25

300%

 

$485

$121.25

300%

$190

$47.50

300%

 

$290

$72.50

300%

 

$390

$97.50

300%

 

$490

$122.50

300%

$195

$48.75

300%

 

$295

$73.75

300%

 

$395

$98.75

300%

 

$495

$123.75

300%

$200

$50.00

300%

 

$300

$75.00

300%

 

$400

$100.00

300%

 

$500

$125.00

300%

 

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

 

LOAN AMOUNT

FINANCE CHARGE

APR

$501

$125.20

300%

 

$601

$145.20

290%

 

$701

$165.20

283%

 

$801

$185.20

277%

 

$901

$205.20

273%

$502

$125.40

300%

 

$602

$145.40

290%

 

$702

$165.40

283%

 

$802

$185.40

277%

 

$902

$205.40

273%

$503

$125.60

300%

 

$603

$145.60

290%

 

$703

$165.60

283%

 

$803

$185.60

277%

 

$903

$205.60

273%

$504

$125.80

299%

 

$604

$145.80

290%

 

$704

$165.80

283%

 

$804

$185.80

277%

 

$904

$205.80

273%

$505

$126.00

299%

 

$605

$146.00

290%

 

$705

$166.00

283%

 

$805

$186.00

277%

 

$905

$206.00

273%

$506

$126.20

299%

 

$606

$146.20

289%

 

$706

$166.20

282%

 

$806

$186.20

277%

 

$906

$206.20

273%

$507

$126.40

299%

 

$607

$146.40

289%

 

$707

$166.40

282%

 

$807

$186.40

277%

 

$907

$206.40

273%

$508

$126.60

299%

 

$608

$146.60

289%

 

$708

$166.60

282%

 

$808

$186.60

277%

 

$908

$206.60

273%

$509

$126.80

299%

 

$609

$146.80

289%

 

$709

$166.80

282%

 

$809

$186.80

277%

 

$909

$206.80

273%

$510

$127.00

299%

 

$610

$147.00

289%

 

$710

$167.00

282%

 

$810

$187.00

277%

 

$910

$207.00

273%

$515

$128.00

298%

 

$615

$148.00

289%

 

$715

$168.00

282%

 

$815

$188.00

277%

 

$915

$208.00

273%

$520

$129.00

298%

 

$620

$149.00

288%

 

$720

$169.00

282%

 

$820

$189.00

277%

 

$920

$209.00

273%

$525

$130.00

297%

 

$625

$150.00

288%

 

$725

$170.00

281%

 

$825

$190.00

276%

 

$925

$210.00

272%

$530

$131.00

297%

 

$630

$151.00

288%

 

$730

$171.00

281%

 

$830

$191.00

276%

 

$930

$211.00

272%

$535

$132.00

296%

 

$635

$152.00

287%

 

$735

$172.00

281%

 

$835

$192.00

276%

 

$935

$212.00

272%

$540

$133.00

296%

 

$640

$153.00

287%

 

$740

$173.00

280%

 

$840

$193.00

276%

 

$940

$213.00

272%

$545

$134.00

295%

 

$645

$154.00

287%

 

$745

$174.00

280%

 

$845

$194.00

275%

 

$945

$214.00

272%

$550

$135.00

294%

 

$650

$155.00

286%

 

$750

$175.00

280%

 

$850

$195.00

275%

 

$950

$215.00

272%

$555

$136.00

294%

 

$655

$156.00

286%

 

$755

$176.00

280%

 

$855

$196.00

275%

 

$955

$216.00

271%

$560

$137.00

294%

 

$660

$157.00

285%

 

$760

$177.00

279%

 

$860

$197.00

275%

 

$960

$217.00

271%

$565

$138.00

293%

 

$665

$158.00

285%

 

$765

$178.00

279%

 

$865

$198.00

275%

 

$965

$218.00

271%

$570

$139.00

293%

 

$670

$159.00

285%

 

$770

$179.00

279%

 

$870

$199.00

274%

 

$970

$219.00

271%

$575

$140.00

292%

 

$675

$160.00

284%

 

$775

$180.00

279%

 

$875

$200.00

274%

 

$975

$220.00

271%

$580

$141.00

292%

 

$680

$161.00

284%

 

$780

$181.00

278%

 

$880

$201.00

274%

 

$980

$221.00

271%

$585

$142.00

291%

 

$685

$162.00

284%

 

$785

$182.00

278%

 

$885

$202.00

274%

 

$985

$222.00

270%

$590

$143.00

291%

 

$690

$163.00

283%

 

$790

$183.00

278%

 

$890

$203.00

274%

 

$990

$223.00

270%

$595

$144.00

290%

 

$695

$164.00

283%

 

$795

$184.00

278%

 

$895

$204.00

274%

 

$995

$224.00

270%

$600

$145.00

290%

 

$700

$165.00

283%

 

$800

$185.00

277%

 

$900

$205.00

273%

 

$1,000*

$225.00

270%

*To calculate loans > $1,000 perform the following steps; To calculate the maximum finance charge on loans > $1,000  perform the following steps;
Step 1:  500 ÷ Loan amount = a Step 1:  500 x 0.25 = a
Step 2:  (Loan amount – 500) ÷ Loan amount = b Step 2:  (Loan amount – 500) x 0.20 = b
Step 3:  a x 12 x 25 = c Step 3:           a + b  = Maximum Finance Charge
Step 4:  b x 12 x 20 = d  

Step 5:     c + d = APR

 

For loan amounts greater than $1,000, click on the following link to calculate the Maximum Finance charge: Pawn Shop Calculation Tool (MS Office Excel Format)

Table Revised 3-21-08