Tennessee Payday Loans

Tennessee is known as the Volunteer State and Tennesseans are very proud of the University of Tennessee Volunteers football team.  Tennessee is also steeped in the history of early America from pre-Revolution to modern times.

Tennessee is a state with restrictive payday cash advance loan regulations.  The state defines a payday cash advance lender as any person or entity who gives cash based on a check to be deposited at a later date.  Companies wishing to operate in Tennessee must show that they have a net worth of at least $25,000.00.  A record must be provided to the state of anyone who owns five percent or more of the company.  All lender licenses must be prominently displayed in the lender's place of business.  Customers are to be notified in writing of all terms, fees, and other conditions and charges.  The customer must also be informed, in writing, of the date the check will be deposited.  Any violation of these laws and regulations is subject to a $1,000.00 fine for each violation.  Good examples of companies that follow these laws are Nashville payday companies.

Maximum Loan Amount

Payday loans are limited to $500.00 and you may have as many as three loans at any given time.  The total of the three loans cannot exceed $500.00.

Loan Terms

Terms are restricted to no more than 31 days.


Tennessee law doesn't specify about extensions or rollovers.

Fees and Charges

Lenders can charge no more that 15 percent of the face value of the check or $30, whichever comes first.

Fee Schedule and APR

The maximum APR is 459 percent for a $100 two week loan.

Check Into Cash
7200 Shallowford Road Suite 114
Chattanooga, TN 37421
Ace Cash Express
9119 Executive Park Drive Suite D
Knoxville, TN 37923
Cash Advance Til Payday
2001 North Broadway Street Uppr
Knoxville, TN 37917
Cash Advance Til Payday
2001 North Broadway Shopping Ce
Knoxville, TN 37902
Cash 2000
1104 Murfreesboro Pike Suite A
Nashville, TN 37217
Capitol Cash
3101 Clarksville Pike Suite 7
Nashville, TN 37218
Amsouth Bank - Branches, MT Juliet Main
4116 North Mount Juliet Road
Nashville, TN 37201
Cash Connection
4011 Chapman Highway Suite C
Knoxville, TN 37920
Cash America Pawn
1133 South Bellevue Boulevard
Memphis, TN 38106
Check Into Cash
4041 Elvis Presley Boulevard
Memphis, TN 38116

Tennessee Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter