Tennessee authorizes deferred-presentment loans up to $500 total, with fees of up to 15% of the check amount. The short term produces a high effective APR. Borrowers may hold no more than three payday loans at one time under state rules.
Key limits in Tennessee
- Maximum loan amount: $500
Figures can change — always confirm current limits with the official source below before borrowing.
Source: Consumer Federation of America (paydayloaninfo.org) · last verified 2026-07-24 · pending second-source verification
This page is general information, not legal or financial advice. State laws change; verify current rules with your state regulator or the source above.