✓ Legal & RegulatedReviewed: Aug 2025
TennesseeLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Tennessee. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$500
Typical APR
400% APR
Max Term
31 days
Legal Status
Legal
Tennessee Lending Regulator
The Tennessee Dept of Financial Institutions oversees consumer lending in Tennessee, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.
Regulatory Details
Detailed regulatory data for Tennessee is sourced directly from the Tennessee Dept of Financial Institutions. For the most current requirements, visit: https://www.tn.gov/tdfi/
Current Overview
Tennessee payday loans up to $500 for Nashville and Memphis residents. Fast same-day approval from licensed TN lenders.
Legal Status: Legal · APR Range: 400% APR · Max Amount: $500
Tennessee Lending FAQ
Are payday loans legal in Tennessee?▼
Yes. Payday loans are legal and regulated in Tennessee under the oversight of the Tennessee Dept of Financial Institutions. Current APR range: 400% APR. Maximum loan: $500.
What is the maximum payday loan I can get in Tennessee?▼
The maximum short-term loan amount in Tennessee is $500. A $500 loan for 14 days in TN costs approximately $75 in fees. APR: 400%.
Who regulates payday lenders in Tennessee?▼
The Tennessee Dept of Financial Institutions is the primary state regulator. You can verify any lender's license at https://www.tn.gov/tdfi/. Unlicensed lenders operating in Tennessee are illegal — always verify before borrowing.
What are the alternatives to payday loans in Tennessee?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Tennessee.