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Payday Loans in Tennessee

Compare licensed lenders • Check TN regulations • Apply online

Last updated: June 2026

Max Loan
$500
Cities Covered
2
Legal Status
Legal
Population
6,910,840

Tennessee Payday Loan Regulations

Max Loan Amount:$500
Max Term:31 days
Typical APR:460%
Cooling-Off:None
Rollover Allowed:Yes

Payday loans in Tennessee are regulated by TDFI. Maximum $500 with typical APR 460%.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

About Payday Loans in Tennessee

Payday loans in Tennessee are regulated by TDFI. Maximum $500 with typical APR 460%.

Tennessee is located in the South region of the United States with a population of 6,910,840.

Key Regulations:

  • Maximum APR: 460%
  • Maximum loan amount: $500
  • Maximum term: 31 days
  • Rollovers allowed
  • Regulated by Tennessee Department of Financial Institutions

Regulatory Authority: Tennessee Department of Financial Institutions
Official Website: https://www.tn.gov/tdfi

Representative Example APR in Tennessee

Payday and small-dollar loan costs vary by lender, amount, and state rules. The example below shows how fees can translate into APR on a short-term loan.

Loan amount Term Fee per $100 Total repayment Equivalent APR
$500 14 days $15 $575 391%

Example only. Actual APR and total repayment in Tennessee depend on lender pricing, term length, and state compliance limits.

Cities in Tennessee

Nashville

Pop: 689,447

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Memphis

Pop: 633,104

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Browse all 2 city pages in Tennessee
Nashville Memphis

Frequently Asked Questions – Tennessee

Are payday loans legal in Tennessee?
Yes, payday loans are legal in Tennessee. The state is regulated by the Tennessee Department of Financial Institutions, which oversees all payday lenders. Payday loans in Tennessee are regulated by TDFI. Maximum $500 with typical APR 460%.
What is the maximum payday loan amount in TN?
The maximum payday loan amount in Tennessee is $500. Finance charges are capped at Varies by lender. Always verify with your lender before applying.
How long do I have to repay a payday loan in Tennessee?
In Tennessee, payday loans typically have a maximum term of 31 days. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in TN?
Payday loans in Tennessee are regulated by TDFI. Maximum $500 with typical APR 460%.
How do I find licensed payday lenders in Tennessee?
All payday lenders in Tennessee must be licensed by the Tennessee Department of Financial Institutions. You can verify a lender's license at https://www.tn.gov/tdfi. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in TN?
Most Tennessee payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Tennessee?
In Tennessee, the maximum APR is 460%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in TN?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

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Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Tennessee may change. Always verify current regulations with the Tennessee Department of Financial Institutions before applying. Credizen is a comparison platform and we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you are matched with.

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Rostislav Sikora

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