Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Chattanooga, Tennessee
Tennessee payday loan rules that apply in Chattanooga
- Max loan amount
- $500
- Min loan term
- N/A
- Max loan term
- 31 days
- Finance charge cap
- 15% of check amount
- Max absolute fee
- $75
- Typical APR
- ~460%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- 2 active loans
- Right to rescind
- Next business day
- Governing law
- Tennessee Deferred Presentment Services Act
- Regulator
- TN Dept of Fin. Inst.
Chattanooga at a glance
| Metric | Chattanooga | Tennessee | United States |
|---|---|---|---|
| Population | 213,011 | 7.0M | 332.3M |
| Median household income | $64,021 | $71,256 | $85,275 |
| Median rent | $1,142/mo | $1,149/mo | $1,432/mo |
| Income spent on rent | 29.9% | 29.9% | 31.6% |
| Homeownership | 54.0% | 67.6% | 65.4% |
| Poverty rate | 16.9% | 13.9% | 12.6% |
| Unemployment rate | 5.2% | 4.8% | 5.3% |
| Without health insurance | 11.9% | 10.1% | 8.6% |
| Veterans | 6.2% | 7.5% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Chattanooga
Move the sliders to see what a payday loan would cost under Tennessee rules and how it compares with local incomes.
Tennessee maximum: $500
Tennessee maximum: $15
Rollovers are not allowed in Tennessee.
- Fee
- $75
- Total to repay
- $575
- APR
- 391%
- Share of a two-week household paycheck in Chattanooga
- 3.0%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Chattanooga
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 3.0%
- Hours of work at the local median wage
- 4.3 hours
- Rollovers
- Not allowed in Tennessee
Example based on the Tennessee maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Chattanooga in context
- Population rank in Tennessee
- 5th
- of 27 Tennessee cities with 50,000+ residents
- Median household income rank
- 18th
- of 27 Tennessee cities with 50,000+ residents
- Households earning under $25,000
- 18.7%
- ▲ 1.6 pts vs TN
- Median home value
- $267,779
- ▼ 3% vs TN
- Home value to income
- 4.2×
- A $400 emergency expense
- 2.3 days
- of median household income
Payday loan stores in Chattanooga, TN
Licensed storefront lenders in Chattanooga with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the TN Dept of Fin. Inst. before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 3401 Rossville Blvd Chattanooga, TN 37407 | (423) 388-4468 | — | 4.3 |
| 3516 Dayton Blvd Chattanooga, TN 37415 | (423) 254-5117 | — | 5.0 |
| 3536 Brainerd Rd 108 Suite 108 Chattanooga, TN 37411 | (423) 353-9290 | — | 4.5 |
| 3975 Hixson Pike Chattanooga, TN 37415 | (423) 389-9087 | — | 3.3 |
| 4727 TN-58 Chattanooga, TN 37416 | (423) 426-5123 | — | 4.7 |
| 4317 Ringgold Rd East Ridge, TN 37412 | (423) 624-0004 | — | 4.9 |
| 4425 TN-58 Chattanooga, TN 37416 | (423) 553-1160 | — | 4.9 |
| 4720 Rossville Blvd Chattanooga, TN 37407 | (423) 867-8099 | — | 4.9 |
| 6215 Lee Hwy Ste. A Chattanooga, TN 37421 | (423) 553-0055 | — | 4.9 |
| 5900 Brainerd Rd Chattanooga, TN 37411 | (423) 892-3294 | — | 4.9 |
| 6101 Ringgold Rd East Ridge, TN 37412 | (423) 499-5900 | — | 4.9 |
| 7200 Shallowford Rd Ste 113 Chattanooga, TN 37421 | (423) 933-3750 | — | 4.8 |
| 4340 Ringgold Road, Ste. 160 East Ridge, TN 37412 | (423) 629-1657 | Mon–Fri 10:00 AM – 6:00 PM Sat–Sun closed |
— |
| 5250 Brainerd Road, Ste. 102 Chattanooga, TN 37411 | (423) 855-1903 | Mon–Fri 10:00 AM – 6:00 PM Sat–Sun closed |
— |
| 4345 Ringgold Rd #101 East Ridge, TN 37412 | (423) 697-0714 | — | 3.9 |
| 6231 Perimeter Dr #183 Chattanooga, TN 37421 | (423) 899-2456 | — | 4.6 |
| 3800 Tennessee Ave #136 Chattanooga, TN 37409 | (423) 822-9803 | — | 5.0 |
| 2372 Lifestyle Way #170 Chattanooga, TN 37421 | (423) 892-6561 | — | 4.0 |
| 7000 Lee Hwy #400 Chattanooga, TN 37421 | (423) 805-5373 | — | 4.8 |
| 3736 Ringgold Rd Chattanooga, TN 37412 | (423) 892-3311 | — | 4.9 |
| 200 W M.L.K. Blvd #1052 Chattanooga, TN 37402 | (615) 627-4010 | — | 4.8 |
Fast & secure payday loans in Chattanooga, Tennessee
Unexpected expenses can happen anytime. If you need urgent cash in Chattanooga, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Chattanooga residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $500 Loan terms must comply with the Tennessee Deferred Presentment Services Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Chattanooga residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Tennessee law (Tennessee Deferred Presentment Services Act). Always review the contract terms carefully before signing.
Chattanooga payday loan FAQ
How much cash can I borrow in Chattanooga?
Loan amounts in Chattanooga are typically from $100 up to $500, in line with Tennessee lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Chattanooga to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Chattanooga with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Chattanooga?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Chattanooga residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Chattanooga or the surrounding Tennessee area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).