Applying does NOT affect your FICO® credit score!
FaaastCash can help you get a loan today. If you’re struggling to pay utility bills, auto repair, or hospital bills, a payday loan may be the right option for you.
Payday loans are designed for emergencies that can’t otherwise be resolved. This gives you the best chance of securing that loan and fast! Working with FaaastCash ensures that lenders across Tennessee will see your urgent request if you're in a tough financial situation.
The popularity of payday loans is almost at its peak in present times. Despite all the positive and negative opinions about them, quick loans are still a convenient solution for budget management. Continuous unavailability of cash can be even worse than an unexpected, one-time need for some extra money. However, the best thing about short-term loans is that they can help you get rid of both problems simultaneously.
There are several reasons why you might suddenly require extra cash. However, if you find yourself in one of these situations, FaaastCash is at your service:
Why waste tons of time when you can go online and complete a loan request in a few minutes from your smartphone?
No matter where you live, you can complete a loan request and get an answer in 90 seconds or less.
All you should have is a computer or smartphone with active internet access. If the application you sent is approved, your lender will deposit your loan funds in one business day.
| Legal Status | Legal |
|---|---|
| Interest Rate (APR) | 460%* |
| Maximum Loan Amount | $500 |
| Minimum Loan Term | Not Specified |
| Maximum Loan Term | 31 |
| Number of Rollovers | 0 |
| Number of Outstanding Loans | 2 (not more than $500 from all loans) |
| Finance Charges | 15% of the amount of the check $17.65 for $100 borrowed |
| Statute of Limitations | 6 years |
In the state of Tennessee, as per the Tenn. Code Ann. 45-17-101 et seq, payday lending is completely legal. Payday loans are also referred to as deferred presentment services loans.
The maximum loan amount in Tennessee is $500. You can have 2 loans, but the total cannot exceed $500.
$17.65 per $100 borrowed on the loan.
How Much Would a $100 Payday Loan cost in Tennessee with a 14 day term?
Loan cost: $17.65 Repayment amount: $117.65
The maximum term is 31 days: Agreements cannot exceed 31 days in length. A cooling-off period of 1 business day is required after 2 loans are repaid before another loan can be taken.
With FaaastCash, it’s simple to apply for a payday loan in Tennessee, but you need to be aware of certain required conditions:
You can request a 100% online payday loan in Tennessee. We work with several direct lenders across Tennessee to offer you payday loans from the ease of your smartphone. You can request online loans from any location, anytime, 24/7.
Generally, this is not possible. The reason is the processing time of your bank is usually one business day, which is incredibly fast!
Yes, you can obtain a payday loan in Tennessee even if you have bad credit. Don’t be alarmed if a bank has already turned you down because of bad credit. FaaastCash accepts all credit histories. Everyone has past financial issues, but we don’t believe you should be penalized. You can inquire even if you have no hard credit at all. We might still be able to find a lender willing to offer a payday loan.
If you are searching for a “Tennessee payday loan near me” or “payday loan in Tennessee with no hard credit check”? Simply click on the “Get Started Now” button and fill in your online form with FaaastCash. In this form, you’ll have to fill in a few details about yourself, including your income, your employment status, etc.
You should always cautiously contemplate whether you will be able to repay the loan before inquiring. If you are unsure, look for alternatives such as borrowing money from family or friends. If you receive a Tennessee payday loan and cannot meet the repayments, fees or penalties may be added. This can make the loan much more expensive.
No, your loan request is completely free. We are a referral source and do not charge consumers any fees. You should never pay a fee to request any type of loan from any lender.
You can borrow up to a maximum amount of $500 with a payday loan.
You can complete the loan request form in under 5 minutes, get an answer in 90 seconds or less, and, if approved, you are connected directly to your lender. You should plan on 10-15 minutes with your lender to review your loan terms and ask any questions you may have. Your approved loan will be in your account in 1 business day.
If you fail to make a repayment on time, you will likely be charged a late fee.
You can only obtain one payday loan at any given time.
In the state of Tennessee, providing payday loans is completely legal. Tennessee has a $500 payday loan limit, and the maximum loan term is of 31 days.
No, you won’t go to jail if you cannot repay your “payday” loan. Your creditor may pursue the collection of a debt through the civil courts only.
No. Payday loans generally are reported to the 3 major national credit reporting companies, so they do not impact your credit scores. Any debts in the collection phase can adversely impact your credit scores. These loans are sometimes called ‘no hard credit payday loan, Tennessee.’
