Payday loans in Tennessee: what the law allows
Yes. Tennessee allows payday loans, with a fee limit of 15% of the face amount of the check. Tennessee allows car title loans.
Tennessee
Payday loans
Allowed
Car title loans
Allowed
- Fee limit
- 15% of the face amount of the check
- Longest term
- 31 days
“The maximum fee amount on a deferred presentment services transaction, or payday loan, cannot exceed 15% of the face amount of the check, or internet payday loan. (Tenn. Code Ann. § 45-17-112(b)) Agreements cannot exceed 31 days in length.”
Tennessee Department of Financial InstitutionsLook up a lender's license
Checked 2026-09-15. Laws change; confirm with the regulator before you borrow.
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Common questions
Are payday loans legal in Tennessee?
Yes. Tennessee allows payday loans, with a fee limit of 15% of the face amount of the check.
Are car title loans legal in Tennessee?
Tennessee allows car title loans.
How do I check a lender's license in Tennessee?
Look the lender up with Tennessee Department of Financial Institutions, which licenses lenders in Tennessee.
Do these rules protect service members?
Yes. The Military Lending Act limits payday and car title loans for covered service members to 36%, in every state.
Information, not legal advice. Laws change; confirm with the state regulator.