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Online Payday Loans in Tennessee - No Hard Credit Check!

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Tennessee Payday Loans

Tennessee has the Smoky Mountains, the Country Music Hall of Fame, and incredible scenery abounds. But residents, like people throughout the country, have occasional financial difficulties and cash shortages to deal with.

It could be your car breaks down, a sudden medical situation occurs, your utility bill is overdue, or you even have a few checks that will bounce if you don’t cover them (@$35 per check fee).

And on top of that, you may not have the best credit in the world and not have options that others do. In fact, more than half of Tennesseans have some credit issues. With convenient loans available in five minutes or less, many residents use CashOne, a proven solution for short-term money problems.

What are online payday loans in Tennessee?

Online payday loans in Tennessee are short, secure, and fast funding loans of $500 or less. They are fee-based loans, so you know exactly what you are paying for the loan. No calculators needed!

They are available to residents of Memphis, Nashville, Jackson, Knoxville, Clarksville, Murfreesboro, Chattanooga, Johnson City, Dickson, Bristol, Lebanon, Smyrna, Columbia, Morristown, Gallatin, Millington, Dyersburg, Cookeville, Athens, Sevierville, Springfield, and rural areas of Tennessee.

Payday Loan Terms & Conditions in Tennessee

  • Legal Status: Legal
  • Interest Rate (APR): 460% approx
  • Maximum Loan Amount: $500
  • Minimum Loan Term: Not Specified but can be 1 day
  • Maximum Loan Term: 31 days
  • Number of Rollovers Allowed: 0
  • Number of Outstanding Loans Allowed: 2 (not more than $500 combined)
  • Finance Charges: 15% of the amount of the loan. $17.65 for $100 borrowed (includes processing fee)

How do online payday loans in Tennessee work?

The online payday loan process in TN is very simple. Complete our short online loan request form and submit it. Wait seconds and get an answer. If you are approved, and 80+% are, you are immediately connected to your direct lender. You should allow 10-15 minutes on the phone with your lender to review loan terms and conditions, get your questions answered, and virtually sign off on the loan. You are never obligated to accept a loan offer.

Basic eligibility criteria for getting online payday loans in Tennessee?

Tennessee, like most states, has some basic requirements to request an online payday loan. A few key points are:

  • You must be 18 years of age or older
  • You must be a resident of the state and have a resident address
  • You must have basic communication data i.e., phone number, email
  • You must have a current income of at least $1,000 a month
  • Additional information may be required based on individual situations

What makes CashOne different from other payday loan lenders in Tennessee?

CashOne is different from storefront lenders. You do not have to drive around and waste time and gas going from one store to another. We have 120 direct payday lenders who want your business. When your loan request is reviewed by more lenders, there are better odds it will be approved. And you save time and money. We are open 24/7 and 365 days a year and our service costs you nothing.

We have helped over 500,000 Americans from coast to coast get money when they need it most. Just complete the loan request form to get started!

Online Payday Loan TN - FAQs

What is the maximum payday loan interest rate allowed by law in Tennessee?

It is approximately 460% (APR) but this is based on the maximum fees allowed for a loan in Tennessee. You should know your fees for your loan as no payday loans should be annual loans. They are intended as very short-term loans not to exceed 31 days in length.

How many payday loans can I have in Tennessee?

You can have no more than 2 payday loans in Tennessee. And the total of the two loans cannot be more than $500. If you have one loan for $500 then another loan is not possible until that loan is paid in full. There is a 2 day cooling-off period between loans.

I don’t live in Tennessee, but can I still apply for a Tennessee payday loan?

No, you cannot. You must be a resident of the state you live in to apply for any loan, including payday loans. This applies to all states.

What happens if I do not pay my online payday loan TN?

Your lender will try to work with you to arrange a way for you to pay your loan off. However, if you do not pay the loan, or make arrangements to do so, it is very likely your lender will give your account to a collections agency who will then try to collect. It is best if you avoid this situation as collection companies have a history of harassing people over bad debts.

Can I go to jail for not paying an online payday loan in Tennessee?

No, you cannot go to jail for not paying a payday loan in TN. Criminal charges cannot be filed in all 50 states when it comes to payday loans. Civil suits can be filed but most lenders do not do this. Instead, they turn defaulted accounts over to collection agencies. Collection firms are more likely to sue you in civil court to recover the loan that was defaulted.



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