Personal Loans in Maryland
Here's what fees you can expect when obtaining online personal loans in Maryland:
| Personal loan lending status in Maryland: |
Legal |
| Maximum loan amount in Maryland: |
No maximum loan amount in Md. Code Com. Law 12-306 |
| APR cap: |
Loans of $2,000 or less: 2.75% a month on the first $1,000 and 2% a month above. Loans over $2,000: 2% a month (Com. Law 12-306) |
| Minimum loan term: |
Not specified |
| Maximum loan term: |
30 months 15 days (up to $700), 36 months 15 days (over $700 to under $2,000), 72 months 15 days ($2,000 or more) |
| Prepayment penalty: |
Prepayment is allowed without penalty (Com. Law 12-308) |
| State Regulator: |
Maryland Office of the Commissioner of Financial Regulation
|
Table Data Updated: October 2026.
Above you can see what fees you can expect when obtaining online personal loans in Maryland.
Personal Loan Locations in Maryland
ACE Cash Express
4.9★★★★☆(1276 reviews)
2329 Harford Rd, Baltimore, MD 21218, USA
Mariner Finance
4.7★★★★☆(1265 reviews)
8110 Corporate Dr, Nottingham, MD 21236, USA
ACE Cash Express
4.9★★★★☆(1010 reviews)
1600 W North Ave, Baltimore, MD 21217, USA
ACE Cash Express
5.0★★★★★(974 reviews)
3046 Greenmount Ave, Baltimore, MD 21218, USA
ACE Cash Express
4.9★★★★☆(950 reviews)
1251 W Pratt St, Baltimore, MD 21223, USA
ACE Cash Express
4.9★★★★☆(823 reviews)
407 W Baltimore St, Baltimore, MD 21201, USA
ACE Cash Express
4.9★★★★☆(772 reviews)
5416 York Rd, Baltimore, MD 21212, USA
ACE Cash Express
4.9★★★★☆(771 reviews)
3441 Clifton Ave, Baltimore, MD 21216, USA
ACE Cash Express
4.9★★★★☆(623 reviews)
2012 West St C, Annapolis, MD 21401, USA
Bay Country Financial Services
4.2★★★★☆(623 reviews)
6619 Ritchie Hwy Suite 13, Glen Burnie, MD 21061, USA
No locations found for that city. Show all
A personal loan in Maryland is a fixed-amount loan from banks, credit unions, and online lenders. Loan amounts vary widely and pay back over 1 to 7 years with predictable payments.
Personal loans give you a lump sum upfront and a clear repayment schedule. They are commonly used for debt consolidation, home improvement, medical bills, and major purchases.
Why Compare Personal Loan Lenders in Maryland
- Compare multiple lenders at once – view real offers side by side without applying to each one separately
- No hard credit pull to compare – the matching process does not affect your credit
- See the full cost upfront – know exactly what you are paying before you commit
- From good to fair credit – we work with lenders for a range of credit scores
- No fees from MaybeLoan – lenders pay us, not you
The Application Process
The process is fully online – no branch visits required.
- Step 1: Enter your basic information – takes about 5 minutes
- Step 2: See your offers – lenders serving Maryland review your profile
- Step 3: Pick your loan – look at APR, monthly payments, and loan terms
- Step 4: Get funded – typically within 1-3 business days, sometimes same day
Who Qualifies
To qualify for a personal loan in Maryland, most lenders require:
- Must be at least 18
- Legal residency in the United States
- A U.S. bank account for fund deposits
- Steady employment, self-employment, or benefits
- Social Security number
Different lenders have different minimums. Many online lenders accept scores as low as 580-600.
What to Expect
Your actual rate depends on your credit score, income, loan amount, and term. Those with fair credit (580-660) typically see rates of 15-30% APR.
MaybeLoan makes it easy to see multiple offers side by side so you can find the best rate available to you in Maryland.
FAQ - Personal Loans in Maryland
Ryan Abramson is an independent financial consultant with 20+ years in banking and consumer credit. He has held senior roles at two U.S. banks, advising clients on lending products, credit risk, and personal finance strategies. Ryan holds dual degrees in economics and finance. His writing on MaybeLoan focuses on helping borrowers understand loan terms, compare lenders, and make informed decisions under financial pressure.
