Payday Loans and Cash Advance in Tennessee: Get Offers Online
Payday and installment loans in one short form, offers from licensed lenders, and money sent to your bank account if you are approved.
Estimate uses the maximum fee Tennessee law allows (up to 15% of the check's face amount; total face of all open checks per customer cannot exceed $500). Some lenders charge less. A typical two-week loan with a $15 per $100 fee has an APR near 400%. Your offer may differ.
Check my offers- Tennessee lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Payday Loans in Tennessee, requested online
Tennessee residents can request $100 to $425 online from any of the 548 Tennessee cities we cover. You fill in one form, lenders review it, and you see the full cost before you decide.
TDFI 2025 Annual Report, Appendix L, 2024: 937,400 loans, average loan $287, 496 licensed locations.
What Tennessee law says
- Maximum loan amount: $425.
- Fee limit: Up to 15% of the check's face amount; total face of all open checks per customer cannot exceed $500.
- Maximum loan term: 31 days.
- Renewals: Loans cannot be renewed or consolidated into a new loan; a loan made in violation is void.
- Loan limits: No more than 2 open checks per customer at once, with total face value up to $500.
- Lenders must hold a license from the Tennessee Department of Financial Institutions (TDFI) and disclose fees and APR before you sign.
Good to know
- Maximum fee is 15% of the check's face amount, about $17.65 per $100 actually received.
- Total face value of a customer's open payday checks cannot exceed $500, so cash received tops out near $435.
- A payday agreement cannot run longer than 31 days.
- A customer may have no more than 2 payday checks outstanding at one time.
- Payday loans cannot be renewed or rolled into a new loan; a loan made in violation is void.
- If a check bounces, the lender may sue only for the check amount and court costs, and the borrower cannot be convicted under the worthless-check law.
- Online payday lenders must be licensed in Tennessee if they lend to people located in the state.
- Complaints can be filed with TDFI online or at 615-741-2236.
Why request online
Installment loans in Tennessee
Need more than $425 or more time to repay? Tennessee also allows consumer installment loans from licensed lenders, repaid in fixed monthly payments. Registered industrial loan and thrift companies may charge up to 36% a year (effective rate) on loans of $100 or more, for contracts made on or after July 1, 2025.
- A payday loan fits a small, one-off gap you can repay in full on your next payday.
- An installment loan fits a larger amount or a budget that needs smaller monthly payments; check the total interest before you sign.
- Installment lenders need a license: Industrial loan and thrift registration, Tennessee Department of Financial Institutions (via NMLS).
Illustration only. Your lender must disclose the APR, payment schedule and total cost before you sign.
How it works
Payday Loan Rules in Tennessee
| Maximum amount | Up to $500 aggregate face value |
|---|---|
| Loan term | Up to 31 days |
| Rate / fee rule | Fee ≤15% of check face amount |
| Regulatory basis | Tenn. Code §45-17-101 et seq. |
Key Rules
- Deferred presentment service license
- statutory fee cap
Regulatory reference: the statutes listed in this table and the state regulator. State rules can change; confirm current terms before borrowing.
Largest Tennessee cities
Questions people ask
Can I get a loan in Tennessee with bad credit?
Yes, you can apply with any credit history. Lenders look at your income and banking history, not only your credit score, but they may still check your credit and approval is not guaranteed. Compare the APR and total cost before you accept.
Are payday loans legal in Tennessee?
Yes. Lenders are licensed by the Tennessee Department of Financial Institutions (TDFI) under Tenn. Code Ann. 45-17-101 et seq. (Deferred Presentment Services Act), esp. 45-17-112.
What is the maximum payday loan in Tennessee?
$425. The lender decides your amount based on income.
How much does a payday loan cost in Tennessee?
Fee limit in Tennessee: up to 15% of the check's face amount; total face of all open checks per customer cannot exceed $500. At $17.65 per $100, a $300 two-week loan costs $52.95, about 460% APR.
Where can I complain about a lender in Tennessee?
Contact the Tennessee Department of Financial Institutions (TDFI) at 615-741-2236 or the CFPB at consumerfinance.gov/complaint.
It takes a few minutes and costs nothing to ask. You decide after you see the full cost.
Check my offersWe pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.
Resources
Payday loans near me in Tennessee: find your city
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