Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / TN
Personal loans, banking, insurance, and debt help in Tennessee
Tennesseans use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
37lenders in the dataset
TNstate guide
$1,368/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Tennessee
Tennesseans use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
Interest-rate law
Effective July 1, 2025, Tennessee replaced its old tiered structure with a flat 36% cap for closed-end loans of $100 or more under the Industrial Loan and Thrift Companies Act.
| Loan range | Rate | Statute |
|---|---|---|
| $100 or more (closed-end loans) | Flat 36%, replacing the prior tiered 30%/24% structure | Industrial Loan and Thrift Companies Act (amended effective 7/1/2025) |
Lender complaints: Tennessee Department of Financial Institutions
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Fifth Third Bank
- Credit profile
- Not specified
- APR range
- 8.69% – 21.74%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
Truist
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $3,500 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
CreditNinja
- Credit profile
- Poor
- APR range
- 195.75% – 349%
- Loan amount
- $300 – $5,000
Poor or limited credit
Integra Credit
- Credit profile
- Poor
- APR range
- 149% – 399%
- Loan amount
- $500 – $3,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
MoneyKey
- Credit profile
- Poor
- APR range
- 295% – 401.20%
- Loan amount
- $200 – $2,500
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
RISE
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
Poor or limited credit
Security Finance
- Credit profile
- Not specified
- APR range
- N/A – 124.48%
- Loan amount
- $477 – $2,500
Poor or limited credit
World Finance
- Credit profile
- Poor
- APR range
- N/A – 99%
- Loan amount
- $450 – $12,000
03 / Debt consolidation
Debt consolidation
Tennessee's new flat 36% cap, effective July 2025, applies regardless of loan size, so a debt consolidation loan priced anywhere near that ceiling isn't likely to save much over a typical credit card APR.
04 / Banking and credit unions
Banking in Tennessee
National banks offer scale and broad networks, while Tennessee-based and regional banks compete on relationship banking and local lending decisions.
Banks listed
- First HorizonHeadquartered in Memphis, TN.
- Regions BankHeadquartered in Birmingham, AL.
- Pinnacle BankHeadquartered in Nashville, TN.
- TruistHeadquartered in Charlotte, NC.
- Bank of AmericaNational bank.
- US BankNational bank, headquartered in Minneapolis, MN.
- ChaseNational bank.
Credit unions
Credit unions are member-owned, not-for-profit institutions offering lower rates and fewer fees than banks, with membership tied to geography, employer, or affiliation.
Tennessee credit unions posted median membership growth of about 3.4% year over year (Q4 2025 NCUA data), alongside solid median asset growth (~2.6%).
The Tennessee Valley Authority seeded credit unions in Knoxville (1934) and Chattanooga (1936), each growing independently into multi-billion-dollar institutions from a shared TVA origin. Both added Select Employee Groups beginning in 1983 and later converted to community charters spanning multi-county economic development districts into Georgia and Alabama; TVA Community Credit Union converted to a state charter in 2006 to add North Alabama counties.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal. Tennessee adopted the Uniform Debt-Management Services Act effective July 1, 2010 (Tenn. Code Ann. § 47-18-5501 et seq.), regulated by the Department of Commerce and Insurance. Fees are capped at 30% of savings achieved, and providers must maintain a trust account, bond, and meet 17 statutory requirements including accreditation.
Companies listed in the dataset
06 / Insurance
Tennessee insurance
Regulator
Tennessee Department of Commerce and Insurance
Insurance regulator websiteAuto insurance
25/50/15
Tennessee requires liability insurance with minimum limits of $25,000 per person and $50,000 per accident for bodily injury, plus $15,000 for property damage.
Homeowners and renters
$1,368/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $183/yr
Tennessee carries real exposure to severe thunderstorms, tornadoes, and hail, particularly across the state's western and middle regions, along with occasional flooding.
07 / Questions
Tennessee FAQs
How do I file a complaint against a lender in Tennessee?
Contact the Tennessee Department of Financial Institutions, which licenses and supervises consumer lenders operating in Tennessee.
How do I file a complaint against my insurance company in Tennessee?
File with the Tennessee Department of Commerce and Insurance.
What's the maximum interest rate a lender can legally charge on a personal loan in Tennessee?
36% flat, for closed-end loans of $100 or more under the Industrial Loan and Thrift Companies Act, effective July 1, 2025. This replaced a prior tiered structure of 30% on loans up to $5,000 and 24% above that.
Are payday loans legal in Tennessee, and are there caps on fees or loan amounts?
Yes, capped by a percentage of the check's face value. Payday loans are capped at $500, with a maximum fee of 15% of the face value, roughly 460% APR on a 14-day loan. Borrowers are limited to three outstanding loans total, no more than two from the same lender, and rollovers aren't allowed.
How long can a debt collector legally pursue an unpaid debt in Tennessee before the statute of limitations runs out?
Written and oral contracts both carry a 6-year statute of limitations (Tenn. Code Ann. § 28-3-109).
What's the difference between a debt consolidation loan and debt settlement for someone living in Tennessee?
A debt consolidation loan pays off debts in full with new borrowed money on a fixed schedule. Debt settlement negotiates reduced payoffs but damages credit. Tennessee caps debt settlement fees at 30% of savings under its UDMSA framework.
