If you are looking for the best payday loans in Tennessee, we are here to help! We match your loan enquiry with a range of lenders, so you can receive a personalised quote. Borrow $100, $500 or $1,000 with bad credit scores accepted. Simply click on “Get Started” below and thanks to Finger Finance the power is in your hands!
Apply for the Best Tennessee Payday Loans with Finger Finance
On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*
How to Apply for a Payday Loan in Tennessee With Finger Finance
Step 1 - Apply Online
We’re a broker not a lender, but we’ll still make sure that the loan is affordable. Even if you don’t have a perfect credit history, we’ll try to help.
Step 2 - Await a Decision
We only work with reputable lenders, so we know they are lending responsibly. We’ll search our panel of lenders to find the right loan for you.
Step 3 - Receive Money Today!
We offer soft search loans that will check of the basis of your credit record but not leave any visible footprint.
How Does Finger Finance Work With Lenders in Tennessee?
The Right Lender
Finger Finance only works with lenders in Tennessee that can be trusted. This means that we know they are lending responsibly. Every time you put in an application we analyze our panel of lenders and find the right loan for you.
Soft Credit Check
All Finger Finance loans are soft search, meaning that we will look at your background on the basis of your credit record. We will never leave any visible footprint on your credit report through our search.
Finger Finance is a broker, not a direct lender, meaning that we can help to find you the most affordable loan available in Tennessee even if you have an imperfect credit history.
What are the Regulations for Payday Loans in Tennessee?
|Are Payday Loans Legal?||Yes|
|Minimum Loan Amount||Not specified|
|Maximum Loan Amount||$500|
|Minimum Loan Term||Not specified|
|Maximum Loan Term||31 days|
|No. of Rollovers Allowed||0|
|No. of Outstanding Loans||2 (not more than $500 from all loans)|
|Finance Charges||15% of the amount of the check
$17.65 for $100 borrowed
|Statue of Limitations||6 years|
|Interest Rate (APR)||460%|
What is the Eligibility Criteria for Payday Loans in Tennessee?
- Be at least 18 years of age or older
- Be a U.S. resident
- Have a cell phone
- Have a checking account
- Have a consistent income and be earning at least $800 per month
Can I Get a Payday Loan in Tennessee if I Have a Poor Credit History?
Yes, you can get a payday loan in Tennessee with a poor credit history.
Finger Finance are willing to accept all credit histories, including poor credit. A poor credit score will not stop you from getting a payday loan.
Why is the APR for Payday Loans in Tennessee so High?
The APR for payday loans is high across all states, not just Tennessee specifically. This is because payday loans operate on a short-term basis and are considered by lenders to be high risk.
This is because payday loans are usually unsecured, offered to customers with any type of credit history, short-term, and not usually repaid in the first instance.
Are Payday Loans Legal in Tennessee?
Yes, payday loans are legal in Tennessee. There are however certain limits on how much you can borrow. Tennessee has a maximum loan limit of $500 for a payday loan and the maximum loan term is 31 days. It is specified that finance charges should not exceed 15% of the amount of the loan; yet, APR in Tennessee can reach 460% APR.
Where Can I Get a Payday Loan in Tennessee?
You can apply online through Finger Finance to receive a payday loan in the following cities within Tennessee below:
Why Choose Finger Finance?
- Get an instant decision online
- Repay early anytime to save money
- Enquiring is free and doesn’t affect your credit score
- Easy online enquiry process
- Borrow anywhere from $100 – $5,000
- Get the money in one lump sum on the day you enquire
How Soon Can I Receive the Loan?
Yes, if you are approved you could have the funds in as little as an hour on the same day with Finger Finance.
How Much Can I Borrow in Tennessee?
Payday loan amounts range from $100 to $35,000 although Tennessee stat law prohibits loans of more $500.
How Do Repayments Work?
The payment terms of your loan will vary depending on which lender you decide to work with. If you are taking out a small loan ($1,000 or less) we find that the most common repayment time frame is two to four weeks. If you are borrowing over $1,000 (up to $35,000) these payments are usually spread over a longer period of time.
In Tennessee, the limit for loan terms is 31 days. Before another loan is taken out, there is a cooling-off period of 1 business day after 2 continuous loans repaid.
Are There Any Upfront Fees?
No, Finger Finance will not charge you any upfront fees when taking out a payday loan. Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.
Is Finger Finance a Direct Lender or Broker?
Finger Finance is a payday loan broker, not a direct lender. This means that we will not pay you the funds directly but will instead work with our panel of lenders to get you the best possible rates in Tennessee.