Online Payday Loans in Tennessee – 0% APR Alternatives Available

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Are you having trouble making your money last until payday? Maybe an unexpected expense caught you off guard or you don’t want to miss out on a special night out. Whatever the reason, you could probably use a cash advance.

You might have heard of payday loans and how dangerous they can be. Good thing they’re not your only option! We’ll go over payday loans in Tennessee and explore safer and affordable alternatives.

Options For Payday Loans in Tennessee

Payday loans can offer you cash quickly and without running a credit check – but be wary. The high interest rates on these loans make them incredibly risky. Although they are banned in many states – payday loans are legal in Tennessee. Here is what you’ll need to know before taking out a payday loan.


  • You have to be at least 18 years old
  • You will need to show proof of regular income and have a bank account.
  • U.S. citizen or permanent resident

Credit Impact

There is no credit requirement to take out a payday loan. But you do risk harming your credit score if you can’t make your payments on time. If you do pay on time – your credit score won’t improve.

Number of Loans

In Tennessee, you are only allowed to take out one loan at a time. 

Max Loan Amount 

The maximum loan amount in Tennessee is $500. APR can be as high as 460% in Tennessee. There isn’t a maximum loan term is 31 days and there are no rollovers allowed.


If you are unable to pay your loan back in full by the due date, you will be charged additional fees and risk harming your credit score. If you take out another loan to pay off the original – you’ll risk falling into a cycle of debt.

Payday Loan Alternatives in Tennessee

Payday loans come with high interest rates and have the potential to ruin your credit. Check out these safer and more affordable alternatives. 


Instacash by MoneyLion is the safer and more affordable alternative to payday loans. Get cash advances for up to $250 with no credit requirement, instant deposit, and best of all – 0% APR. When you use the MoneyLion app, you can borrow anytime, anywhere, and as often as you need. 

Credit Builder Loans 

A Credit Builder Loan allows you to borrow a larger amount and build up your credit score at the same time. Improving your credit is key to helping you achieve important goals and financial milestones.

With a Credit Builder Plus account, you can get a loan for up to $1,000 even if you have poor or no credit history. Up to the full amount you borrow will be deposited instantly into your bank account. You won’t need to worry about keeping up on payments because your loan will always come with a low APR. 

Plus, MoneyLion members have access to financial tools and advice that helps them manage their finances and stay on top of payments. As long as you keep making your payments, your credit score will get a boost!

InstacashCredit Builder LoanLocal Payday Lender
How Much Can You Borrow?$250$1,000$500
Fees & InterestFree membership, 0% APRCompetitive APR, $19.99/month feeCan be as high as 460% APR
Impacts Your Credit?NoYes, it builds your credit score. Yes, will harm your score if you miss a payment – won’t ever improve your credit
AvailabilityOnline & MobileOnline & MobileSometimes In-Store, Sometimes Online
Wait TimeInstantly*InstantlyNext business day
Next StepsSign UpSign Up

Keep Your Financial Goals on Track

A cash advance should help you keep your financial goals on track – not jeopardize them. That’s why MoneyLion offers 0% APR cash advances and Credit Builder Loans with a host of other financial tools like investing and banking. We believe in helping you get your finances to roar like a lion – a MoneyLion. 

Never settle for high interest rates loans. Take charge of your financial future instead.

Learn more about how MoneyLion can help you reach your financial goals.

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Get cash fast, pay no interest

Enjoy Instacash advances up to $250. No credit check, no monthly fee, no interest. Just cash.

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