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Home State Regulations

Payday Loan Laws in Tennessee

Loan Term:31 days
Loan Amount:$500
Fees and Finance Charges:15% of the face amount of the check
Laws:Payday loans are legal in Tennessee, and all agreements favor lending agencies. This means that there is no cap on interest rates, and each lender may determine its own fees. Expect high interest rates, equaling as much as 459% on a one hundred dollar, fourteen day loan.