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 Memphis, Tennessee
Tennessee payday loan rules that apply in Memphis
- 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.
Memphis at a glance
| Metric | Memphis | Tennessee | United States |
|---|---|---|---|
| Population | 676,192 | 7.0M | 332.3M |
| Median household income | $55,965 | $71,256 | $85,275 |
| Median rent | $1,171/mo | $1,149/mo | $1,432/mo |
| Income spent on rent | 34.4% | 29.9% | 31.6% |
| Homeownership | 48.8% | 67.6% | 65.4% |
| Poverty rate | 21.8% | 13.9% | 12.6% |
| Unemployment rate | 8.8% | 4.8% | 5.3% |
| Without health insurance | 14.3% | 10.1% | 8.6% |
| Veterans | 5.7% | 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 Memphis
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 Memphis
- 3.5%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Memphis
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 3.5%
- Hours of work at the local median wage
- 4.6 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.
Memphis in context
- Population rank in Tennessee
- 1st
- of 27 Tennessee cities with 50,000+ residents
- Median household income rank
- 24th
- of 27 Tennessee cities with 50,000+ residents
- Households earning under $25,000
- 23.5%
- ▲ 6.4 pts vs TN
- Median home value
- $167,114
- ▼ 40% vs TN
- Home value to income
- 3.0×
- A $400 emergency expense
- 2.6 days
- of median household income
Payday loan stores in Memphis, TN
Licensed storefront lenders in Memphis 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 |
|---|---|---|---|
| 1330 E Shelby Dr Memphis, TN 38116 | (901) 345-5597 | — | 4.9 |
| 1386 Elvis Presley Blvd Memphis, TN 38106 | (901) 942-3726 | — | 4.9 |
| 1414 Getwell Rd #101 Memphis, TN 38111 | (901) 744-0551 | — | 4.9 |
| 1631 Poplar Ave Memphis, TN 38104 | (901) 272-9685 | — | 4.9 |
| 1882 Winchester Rd Memphis, TN 38116 | (901) 396-0520 | — | 4.9 |
| 1979 S Third St Ste A Memphis, TN 38109 | (901) 942-1927 | — | 4.9 |
| 2117 Sycamore View Rd Memphis, TN 38134 | (901) 383-2274 | — | 4.9 |
| 2139 Lamar Ave Memphis, TN 38114 | (901) 276-1020 | — | 5.0 |
| 2474 Covington Pike Memphis, TN 38128 | (901) 388-2316 | — | 4.9 |
| 2628 Frayser Blvd Memphis, TN 38127 | (901) 357-2792 | — | 5.0 |
| 2989 Lamar Ave Memphis, TN 38114 | (901) 743-1924 | — | 4.9 |
| 3102 Austin Peay Hwy Memphis, TN 38128 | (901) 937-0897 | — | 4.9 |
| 3109 S Perkins Rd Memphis, TN 38118 | (901) 794-2363 | — | 4.9 |
| 3174 Summer Ave Memphis, TN 38112 | (901) 452-8601 | — | 4.8 |
| 32 S 2nd St Memphis, TN 38103 | (901) 525-6544 | — | 4.9 |
| 3201 S Third St Memphis, TN 38109 | (901) 398-9957 | — | 4.9 |
| 3310 Jackson Ave Memphis, TN 38122 | (901) 324-9965 | — | 4.9 |
| 3317 Winchester Rd Memphis, TN 38118 | (901) 795-5046 | — | 4.9 |
| 3394 N Watkins St Memphis, TN 38127 | (901) 353-0895 | — | 4.9 |
| 376 N Cleveland St #101 Memphis, TN 38104 | (901) 726-4200 | — | 4.9 |
| 3858 E Shelby Dr Memphis, TN 38118 | (901) 546-9724 | — | 5.0 |
| 416 E E.H.Crump Blvd Memphis, TN 38126 | (901) 948-2402 | — | 4.9 |
| 4221 Elvis Presley Blvd Memphis, TN 38116 | (901) 398-2323 | — | 4.9 |
| 4437 S Third St Memphis, TN 38109 | (901) 789-3397 | — | 5.0 |
| 5129 Yale Rd Memphis, TN 38134 | (901) 266-0225 | — | 5.0 |
| 5169 Winchester Rd Memphis, TN 38118 | (901) 795-4690 | — | 4.9 |
| 5820 Winchester Rd Memphis, TN 38115 | (901) 367-8922 | — | 4.9 |
| 6657 Winchester Rd Memphis, TN 38115 | (901) 363-1967 | — | 4.9 |
| 7444 Winchester Rd #107 Memphis, TN 38125 | (901) 309-9416 | — | 4.9 |
| 1623 Getwell Rd Memphis, TN 38111 | (901) 743-5725 | — | 5.0 |
| 1646 Sycamore View Rd Memphis, TN 38134 | (901) 969-0425 | — | 5.0 |
| 1930 S Third St Memphis, TN 38109 | (901) 774-0157 | — | 5.0 |
| 2265 Lamar Ave Memphis, TN 38114 | (901) 590-1255 | — | 5.0 |
| 2365 Frayser Blvd Memphis, TN 38127 | (901) 353-1628 | — | 5.0 |
| 2961 Covington Pike Memphis, TN 38128 | (901) 969-0440 | — | 5.0 |
| 3024 S Third St Memphis, TN 38109 | (901) 590-1143 | — | 5.0 |
| 3037 Thomas St Memphis, TN 38127 | (901) 353-0629 | — | 5.0 |
| 3130 Austin Peay Hwy Memphis, TN 38128 | (901) 590-1210 | — | 4.9 |
| 319 N Cleveland St Memphis, TN 38104 | (901) 969-0420 | — | 4.9 |
| 3190 Summer Ave Memphis, TN 38112 | (901) 590-1139 | — | 5.0 |
| 3450 Millbranch Rd Memphis, TN 38116 | (901) 346-3332 | — | 5.0 |
| 3798 Park Ave Memphis, TN 38111 | (901) 969-0770 | — | 5.0 |
| 3956 Jackson Ave Memphis, TN 38128 | (901) 372-2450 | — | 5.0 |
| 4440 Elvis Presley Blvd Memphis, TN 38116 | (901) 332-9644 | — | 5.0 |
| 4671 Riverdale Rd Memphis, TN 38141 | (901) 590-1265 | — | 5.0 |
| 4894 Summer Ave Memphis, TN 38122 | (901) 590-1371 | — | 5.0 |
| 5231 Winchester Rd Memphis, TN 38118 | (901) 969-0310 | — | 5.0 |
| 5343 Knight Arnold Rd Memphis, TN 38115 | (901) 590-1162 | — | 5.0 |
| 5409 Elvis Presley Blvd Memphis, TN 38116 | (901) 590-1238 | — | 5.0 |
| 5996 Mt Moriah Rd Memphis, TN 38115 | (901) 794-3575 | — | 5.0 |
| 6330 Winchester Rd #101 Memphis, TN 38115 | (901) 590-1246 | — | 5.0 |
| 7243 Stage Rd Memphis, TN 38133 | (901) 590-1357 | — | 5.0 |
| 1213 Getwell Rd Memphis, TN 38111 | (901) 327-8383 | — | 5.0 |
| 2926 Lamar Ave Ste 109 Memphis, TN 38114 | (901) 744-3230 | — | 4.9 |
| 3303 Austin Peay Hwy Memphis, TN 38128 | (901) 384-9488 | — | 4.9 |
| 4041 Elvis Presley Blvd Memphis, TN 38116 | (901) 396-5737 | — | 4.9 |
| 4109 Getwell Rd Memphis, TN 38118 | (901) 360-8883 | — | 4.9 |
| 5126 Summer Ave #103 Memphis, TN 38122 | (901) 767-5834 | — | 4.9 |
| 6636 Winchester Rd #150 Memphis, TN 38115 | (901) 375-4677 | — | 4.9 |
| 6838 Stage Rd Bartlett, TN 38134 | (901) 373-3232 | — | 5.0 |
| 8385 US-64 Suite 118 Memphis, TN 38133 | (901) 377-9722 | — | 5.0 |
| 2857 Kirby Rd Ste 105 Memphis, TN 38119 | (901) 624-7575 | — | 4.6 |
| 2887 Poplar Ave Memphis, TN 38111 | (901) 327-6084 | — | 4.6 |
| 4093 Summer Ave Memphis, TN 38122 | (901) 452-1157 | — | 4.0 |
| 4665 Elvis Presley Blvd Memphis, TN 38116 | (901) 396-7871 | — | 4.1 |
| 6045 Stage Rd Ste 62 Bartlett, TN 38134 | (901) 382-0390 | — | 4.6 |
| 7825 Winchester Rd Ste 109 Memphis, TN 38125 | (901) 756-1671 | — | 4.3 |
| 3431 Austin Peay Hwy. Memphis, TN 38128 | (901) 386-3017 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
— |
| 6000 Poplar Ave 250 251 Memphis, TN 38119 | (601) 340-7078 | — | — |
Fast & secure payday loans in Memphis, Tennessee
Unexpected expenses can happen anytime. If you need urgent cash in Memphis, 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 Memphis 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 Memphis 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.
Memphis payday loan FAQ
How much cash can I borrow in Memphis?
Loan amounts in Memphis 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 Memphis 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 Memphis 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 Memphis?
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 Memphis residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Memphis or the surrounding Tennessee area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).