Payday Loans in Tennessee (TN)

Are you suffering from financial stress? We have listed all trustworthy lending institutions in Tennessee for you to refer to. Just run over the whole list and pick out the one that solves your financial problems.

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    15 Best Payday Loans & Cash Advance in Tennessee (TN)

    We present you with a list of all lenders who can give you fast money in Tennessee. To solve your financial problems, simply have a check and see whether the details regarding lenders are useful or not.

    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (1093)
      • Address:
      • 4894 Summer Ave, Memphis, TN 38122, United States
      • Phone:
      • +1 901-590-1371
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (953)
      • Address:
      • 4321 Ringgold Rd #101, Chattanooga, TN 37412, United States
      • Phone:
      • +1 423-624-3337
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (774)
      • Address:
      • 8939 US-64, Arlington, TN 38002, United States
      • Phone:
      • +1 901-266-5556
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (770)
      • Address:
      • 800 S Jefferson Ave, Cookeville, TN 38501, United States
      • Phone:
      • +1 931-520-0661
      • Open hours:
    • 5
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (701)
      • Address:
      • 4671 Riverdale Rd, Memphis, TN 38141, United States
      • Phone:
      • +1 901-590-1265
      • Open hours:
    • 6
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (694)
      • Address:
      • 704 W Lamar Alexander Pkwy, Maryville, TN 37801
      • Phone:
      • (865) 982-2282
      • Open hours:
    • 7
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (692)
      • Address:
      • 6330 Winchester Rd, Memphis, TN 38115, United States
      • Phone:
      • +1 901-590-1246
      • Open hours:
    • 8
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (681)
      • Address:
      • 502 US-321 Ste C, Lenoir City, TN 37771, United States
      • Phone:
      • +1 865-986-3009
      • Open hours:
    • 9
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (674)
      • Address:
      • 5231 Winchester Rd, Memphis, TN 38118, United States
      • Phone:
      • +1 901-969-0310
      • Open hours:
    • 10
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (629)
      • Address:
      • 2009 Dayton Blvd #103, Chattanooga, TN 37415, United States
      • Phone:
      • +1 423-870-9557
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (616)
      • Address:
      • 2011 Hillsboro Blvd, Manchester, TN 37355, United States
      • Phone:
      • +1 931-728-7078
      • Open hours:
    • 12
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (618)
      • Address:
      • 1120 N Germantown Pkwy, Cordova, TN 38016
      • Phone:
      • (901) 754-5325
      • Open hours:
    • 13
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (596)
      • Address:
      • 3450 Mill Branch Rd, Memphis, TN 38116, United States
      • Phone:
      • +1 901-346-3332
      • Open hours:
    • 14
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (596)
      • Address:
      • 3956 Jackson Ave, Memphis, TN 38128, United States
      • Phone:
      • +1 901-372-2450
      • Open hours:
    • 15
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (578)
      • Address:
      • 1986 Fort Campbell Blvd, Clarksville, TN 37042, United States
      • Phone:
      • +1 931-245-3168
      • Open hours:
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    Tennessee Payday Loans Regulations

    • Loan Amount (max)

      $500

    • Loan Term (max)

      31 days

    • Finance Charges

      15% of the amount of the check $17.65 for $100 borrowed

    • APR
      460%

    Industry regarding payday loans in Tennessee is Legal. There is a $500 amount limit offered by the lenders. Payday loans here can be taken for a period of not longer than 31 days. The maximum finance charge is 15% of the amount of the check $17.65 for $100 borrowed, and the APR is 460%.0 rollovers are permitted for each loan.There are 2 (not more than $500 from all loans) cooling-off periods between two consecutive loans. The number of outstanding loans shoud be less than 2 (not more than $500 from all loans).

    Loan Amount of Tennessee Areas

    • In the area of Tennessee, the ceiling amount of a loan is $500.
    • You can have access to it only if you have less than one outstanding loan.

    According to the Deferred Presentment Services Act, even if you are a payday lender with a license, you are not allowed to have more than two outstanding checks from the same borrower at the same time. Based on Tenn. Code Ann. § 45-17-112(o), the total value of outstanding checks should be under $500.

    Facts about the Rates, Fees, and Other Charges in Tennessee

    The loan of $100 carries a charge of $17.65.

    The fee of payday loans or internet payday loans should not go beyond 15% of the check’s face value. (Tenn. Code Ann. § 45-17-112(b).

    The APR of loans in Tennessee reaches 460% in real life.

    What’s The Charge of a $200 Payday Loan in Tennessee?

    With a 14 days term

    ARP: 460%

    Loan cost: $200*460%*(14/365)=35.3$

    To return: Principal +Loan cost =$200+$35.3=$235.3

    The Maximum Length for a Payday Loan in Tennessee

    The shortest term should be at least 31 days: “Agreements cannot exceed 31 days in length.” (Tenn. Code Ann. § 45-17-112(d))

    If two successive loans just get repaid, it should wait for at least one workday before a new loan starts.

    More Information for Consumers

    For Your Information:

    Starting from July 2020, there is no necessity for lenders to check borrowers’ abilities to return a loan.

    Be careful, evaluate your financial situation, don’t get into a debt trap.

    The regulation was changed by the CFPB.

    • Any criminal charges for loan transactions would be banned in Tennessee

    The Department of Financial Institutions conducts payday lending business in Tennessee.

    Search for Payday Loans in Tennessee by Prime Cities

    To locate an online payday loan in Tennessee, the most effortless way is working with WeLoans. Just click on your target city below. Our comprehensive information will never let you down!

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    Calculator for Tennessee Payday Loans Estimate

    Utilize the calculator below to keep yourself informed about the estimated total costs of a payday loan in Tennessee.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

    Tennessee Payday Loans Nearby

    TitleMax Title Loans
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (579)
    Loan agency
    Tennessee Title Loans, Inc.
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (557)
    Loan agency
    Speedy Cash
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (1172)
    Loan agency
    TitleBucks Title Loans
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (529)
    Loan agency