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Short-term loans in Jackson, Tennessee

Before you borrow, make sure you know the laws and compare lenders for the best deal.

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Editor's choice: OppLoans Installment Loans

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  • Easy online application
  • Quick approval
  • Long repayment terms
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Payday and other short-term lenders must abide by the regulations of Tennessee when you borrow in Jackson. There are limits in place to help protect you, but you’ll still need to know what to look out for when you’re ready to borrow.

Can I get a payday loan in Jackson, Tennessee?

Yes. Payday loans are legal throughout Tennessee and are governed by Tennessee Revised Statutes 45-17-101 et seq. These regulations apply to all lenders, whether they’re located in Jackson or another city.

You’ll face a few limits when you borrow. Maximum loan amount depends on how you apply. Those who visit a store may qualify for as much as $500, while online applications can only borrow up to $425. Terms are set at 31 days or less, and lenders may only charge you 15% of the loan amount in financing fees. This means a payday loan of $500 will cost $575 when it’s due.

Consider these online lenders for a short-term loan

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
$2,500
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
Check Into Cash Payday Loan
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
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Compare up to 4 providers

What do I need to apply?

Although exact eligibility requirements will differ between lenders, you’ll have to meet some basic points when you want to apply.

  • You must have a steady source of income
  • You must be a US citizen or permanent resident
  • You must be at least 18 years old

Lenders also require you to provide some basic information about yourself, including:

  • Your name, home address, email address and phone number
  • Your date of birth, Social Security number and an acceptable form of ID
  • Your employer’s name, address and phone number
  • Your income, pay frequency and bank account details

Where to find short-term loans in Jackson

Short-term loan locations near me in Jackson, TN

Here are loan offices locations in Jackson:

  • Advance America. Lynnwood Place Shopping Center, 955 North Pkwy, Jackson, TN 38305
  • Cash Express. 31 Bowling Dr, Jackson, TN 38305
  • Check Into Cash. 375 Vann Drive, Suites E & F, Jackson, TN 38305
  • CashMaster. 367 Vann Dr, Jackson, TN 38305
  • Jackson Cash Advance. 749 Old Hickory Blvd, Jackson, TN 38305
  • Money Now. 1660 S Highland Ave # B, Jackson, TN 38301
  • Speedee Cash. 1932 US-45 BYP, Jackson, TN 38305
  • Tennessee Title Loans, Inc. 301 S Highland Ave, Jackson, TN 38301
  • Title Cash Title & Payday Loans. 2037 S Highland Ave, Jackson, TN 38301
  • Western Finance. 367 Vann Dr #F, Jackson, TN 38305

Must read: Be cautious of limited loan terms

Tennessee state law caps payday loan terms at 31 days. This can be convenient for some — after all, there won’t be time for interest to accumulate — but it can also make repaying your loan difficult. Some borrowers have a hard time making their payment, especially after borrowing a larger loan.

If you aren’t sure that you’ll be able to meet your payment, consider some short-term loan alternatives before borrowing.

What are my other short-term loan options in Jackson?

Payday loans may be convenient, but with the short loan term and small amount, you may want to explore other short-term loans if you need more than $500 or 31 days.

  • Auto title loans. There are quite a few auto title loan lenders throughout Tennessee. Many often offer slightly lower interest rates than you’d find with a payday or installment loan, but at a greater risk: If you fail to repay, you could have your car repossessed.
  • Installment loans. Installment loans, sometimes also called flex loans, are similar to payday loans but often allow you to borrow more over a longer term. And while this can keep your monthly payment lower, it typically also means you’ll pay more in interest than with a payday loan.
  • Bad credit personal loans. Bad credit personal loans often encompass installment loans and auto title loans, but can also include things like credit builder loans, which are designed to help borrowers improve their scores.

Bottom line

Jackson doesn’t have any specific payday loan regulations that differ from Tennessee’s payday loan laws. You’ll face a limited loan amount and loan term, which can help you save money but may also make it more difficult to repay what you owe.

Before you borrow, make sure your lender is registered and check out our guide to payday lending so you know exactly how the process works.

Frequently asked questions

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