Maine Motor Transport Association (MMTA) Education Loan

MMTA has partnered with Maine Savings to provide a NO INTEREST loan program to help finance CDL training tuition costs at approved CDL schools.

  • 100% financing of tuition costs (up to $7,000) of a CDL course through approved CDL schools;
  • 0% interest rate;
  • First payment deferred to 60 days after completion of course;
  • Flexible repayment terms: up to 36 months with payments of $27.78 per $1,000 borrowed, with a minimum monthly payment of $50;
  • No collateral or prior credit required;
  • Easy online application to apply;
  • Reasonable credit standards;
  • An appeal option directly with MMTA for applicants that do not initially qualify;
  • Only Maine residents going to approved Maine trade schools are eligible;
  • Borrower must be at least 18 and must be a member of Maine Savings to be eligible. Joining is easy at