Westbrook at a glance
- Population: 20,564 people, the 9th-largest place among Maine's 23 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 20,404 (US Census Bureau).
- 2020 to 2023 change: an increase of about 0.8% since the 2020 count (US Census Bureau).
- Rank among Maine places: 9th largest of 23 (US Census Bureau).
- Size percentile: roughly 61% of places in Maine rank below it by population (US Census Bureau).
- Coordinates: 43.7079, -70.3526 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): South Portland, ME (6 mi); Portland, ME (10 mi); Saco, ME (13 mi); Biddeford, ME (19 mi); Auburn, ME (27 mi) (US Census Bureau).
- Smaller places nearby: Bath, ME (30 mi); Somersworth, NH (41 mi); Gardiner, ME (44 mi), per US Census Bureau estimates.
What a personal loan costs in Westbrook
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Maine lending rules that apply in Westbrook
The sourced rows below are the rules a licensed lender must follow when lending in Maine, and therefore in Westbrook.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Maine Bureau of Consumer Credit Protection (Department of Professional and Financial Regulation) Source says: "The Bureau of Consumer Credit Protection licenses and registers the following business entities" | Maine Bureau of Consumer Credit Protection as of 2026-09-16 |
| Minimum finance charge for supervised lenders | $5 (loans ≤$75), $15 ($75–<$250), $25 (≥$250) — 9-A M.R.S. § 2-401(7) Source says: "the lender may contract for and receive a minimum charge of not more than ... Twenty-five dollars when the amount financed is $250 or more" | Maine Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 30% per year on unpaid balances up to $2,000; 24% on $2,000–$4,000; 18% above $4,000 (9-A M.R.S. § 2-401(2)) Source says: "30% per year on that part of the unpaid balances of the amount financed that is $2,000 or less" | Maine Legislature as of 2026-09-16 |
| Payday lending status | Payday lenders are licensed as supervised lenders by the BCCP and subject to the 9-A § 2-401 finance-charge caps Source says: "Supervised Lenders Including Mortgage Lenders and Servicers, Non-Mortgage Supervised Lenders, Payday Lenders, and Insurance Premium Finance Companies" | Maine Bureau of Consumer Credit Protection as of 2026-09-16 |
| Small-loan / installment lender licensing | Supervised lender license required when the finance charge exceeds 12 1/4% per year (or the loan is secured by real estate); applications via NMLS Source says: "Anyone who makes, takes assignment of, or services consumer loans in which the rate of the finance charge ... exceeds 12 1/4% per year" | Maine Bureau of Consumer Credit Protection as of 2026-09-16 |
How to compare offers in Westbrook
The steps below are worth completing first when you borrow in Westbrook:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Maine using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.