What are short-term loans?

Short-term loans are financial products intended to provide quick access to funds, usually for a small amount of money over a brief time frame. They are ideal for emergencies or unexpected expenses that require immediate attention.

Can I get a short-term loan if I have bad credit?

Yes, many lenders offer short-term loans to individuals with bad credit. These loans usually have higher interest rates, but they provide an option for those who may not qualify for traditional loans due to their credit history.

What are same-day loans?

Same-day loans are a type of short-term loan where the borrower can receive the requested funds on the same day they apply. These loans are designed for rapid processing to help address urgent financial needs.

How do short-term loans work?

Short-term loans are a form of short-term borrowing where a lender extends high-interest credit based on a borrower's income. The borrowed amount is typically repaid on the borrower's upcoming payday through automatic bank transfers or a post-dated check.

What are the typical requirements for a short-term loan?

While requirements vary by lender, common prerequisites include proof of steady income, an active bank account, and identification verification. Some lenders might also require you to be at least 18 years old and residing in the same state as the lender.

Are there alternatives to short-term loans?

Yes, alternatives to short-term loans include personal loans from a bank or credit union, borrowing from friends or family, using a credit card, or tapping into an emergency fund. Each alternative has its own advantages and drawbacks, depending on your financial situation.

What should I consider before taking a short-term loan?

Before opting for a short-term loan, assess your ability to repay the loan on time considering the high interest rates and fees commonly associated with these loans. Make sure to thoroughly research and compare terms from multiple lenders to ensure you select the most favorable option.

Fast & Easy Best Online Short-term Loans in Nashville, TN

Best Online Short-term Loans in Nashville

World Finance

Loan agency

5.00

7 reviews

Apply Online View Details

Address: 5416 Charlotte Ave, Nashville, TN 37209

Today's Business Hours: 9:00 AM - 5:30 PM

Phone Number: +1 (615) 383-9935

Website: loansbyworld.com/locations/tennessee/nashville/37209/815

Services:

Business loans Installment loans Line of credit Microloans Payday loans Signature loans Title loans Appliance Repair Auto Repair Building Credit Capitol Loans Car Repairs Credit Card Payments Easy Loans Finance Loans Home Repair Loan Payment Plan Loan Solutions Local Loans Pawn Shop Loans Personal Loans Online Small Dollar Loans Tax Advance Loan Tax Returns

Pathway Lending

Loan agency

5.00

3 reviews

Apply Online View Details

Address: 201 Venture Cir, Nashville, TN 37228

Today's Business Hours: 8:00 AM - 5:00 PM

Phone Number: +1 (615) 425-7171

Website: pathwaylending.org

Services:

Business loans Line of credit Microloans Signature loans Title loans A/R Financing Accounts Receivable Financing Car Financing Close Loans Commercial Real Estate Loans Community Development Loans Consumer Loans Current Loan Development Financial Development Lending Equipment Loans Gap Financing Housing Loan Housing Projects Lending Loan Lending Programs Loan Application Loan Fund Loan Invest Mixed Use Multifamily Loan New Construction Pathway Lending Pathway Loan Paycheck Protection Program Permanent Financing Ppp Loan Forgiveness Project Financing Property Management Renewable Energy Financing Renewable Energy Loans Retirement Plans Revolving Loan Sba 504 Loans Small Dollar Loans Tax Returns Technical Services Term Financing Term Loans Traditional Bank Loans Traditional Lending Veteran Loan Working Capital Loans

Advance Payday Loans

Loan agency

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Address: 15 Arcade Alley, Nashville, TN 37219

Today's Business Hours: 7:00 AM - 7:00 PM

Phone Number: +1 (615) 285-6351

Website: advancepdloans.com/locations/nashville

American Business Funding Inc

Loan agency

5.00

9 reviews

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Address: 2021 21st Ave S STE 311, Nashville, TN 37212

Phone Number: +1 (615) 667-8596

Advance Financial

Loan agency

4.90

10 reviews

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Address: 3615 Nolensville Pike, Nashville, TN 37211

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (615) 903-9255

Website: locations.af247.com/nashville/3615-nolensville-pike

Services:

Bill paying Business check cashing Cash for gift cards Flex loans Installment loans Line of credit Money orders Money transfers Payday loans Personal check cashing Title loans Atm Services Auto Service Instant Cash Advance Online Lending Online Loan Apply Prepaid Cards

Alternatives to Short-term Loans in Nashville

Short-term loans are financial solutions designed to address immediate cash needs, typically with repayment terms under one year. Personal loans offer quick funding without requiring collateral and can be used for a variety of purposes, although they often come with higher interest rates due to their unsecured nature. Installment loans are repaid over a set period with regular payments, providing a structured payoff plan that can help with budgeting, with terms often ranging from a few months to several years. Title loans, secured by the borrower's vehicle title, allow for quick access to funds but carry the risk of losing the vehicle if the loan is not repaid, and these typically have high interest rates and short repayment durations.

Best Personal Loan

Wagon Wheel Title

5.00

59 reviews

Personal loans are a popular type of short-term borrowing option typically used for consolidating debt, covering emergency expenses, or financing major purchases. These loans are unsecured, meaning they don't require collateral, and are offered by banks, credit unions, and online lenders. The best personal loans often come with competitive interest rates, flexible repayment terms, and no additional fees, making them suitable for individuals looking to borrow smaller amounts with manageable repayment plans.

Best Installment Loan

Reliant Bank

5.00

1 reviews

Installment loans are a favorable choice for borrowers who require a structured repayment plan spread over a set period. These loans might be secured or unsecured, and they usually come with fixed interest rates. The predictability of fixed monthly payments can help individuals manage their budgets effectively. Borrowers can use installment loans for various purposes such as home improvement, medical expenses, or significant purchases. When seeking the best installment loans, it's crucial to consider the annual percentage rate (APR) and the loan's flexibility regarding additional payments or potential fees.

Best Car Title Loan

TitleMax Title Loans

5.00

42 reviews

Title loans provide a unique alternative for borrowers who own a vehicle and are in immediate need of cash. By using their car title as collateral, individuals can secure a short-term loan without the need for a credit check. The best title loans don’t charge exorbitant interest rates and have reasonable terms that prevent the borrower from falling into a cycle of debt. However, given the risk of losing their vehicle if they default on the loan, borrowers are advised to carefully assess their ability to repay the loan within the agreed timeframe.

Loan Regulations in Tennessee

Tennessee’s short-term loan regulations have been established to ensure fair lending practices while providing consumers with quick access to cash. The state allows a maximum short-term loan amount of $500. The term of these loans can extend up to 31 days, offering a short-term financial solution for borrowers. When it comes to fees and interest rates, Tennessee permits payday lenders to charge a maximum fee of 15% of the total principal amount. Additionally, there are no restrictions on the annual percentage rates (APRs) that lenders can charge. To qualify for a short-term loan in Tennessee, borrowers generally need to provide proof of income, a valid bank account, and identification. These regulations are designed to balance the immediate financial needs of borrowers with consumer protection.

Short-Term Loan Calculator

Loan Amount:

Loan Term:

day(s)

Interest Rate:

Origination Fee:

Estimated Payment

$327.12

Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Get Started

Where to Use Short-term Loan

If you've already secured a short-term loan, it can be utilized across various critical local service providers to address urgent needs. These include covering medical expenses, paying for car repairs, handling legal fees, managing funeral costs, or financing appliance services. By strategically allocating your loan, you can ensure that essential services are promptly taken care of.

Adventure Sports Facility

801 Percy Warner Boulevard, Nashville, TN 37205

+1 (615) 610-9500

American Restaurant

101 20th Avenue North, Nashville, TN 37203

+1 (615) 649-7239

Car Glass Replacement Shop

2738 Old Lebanon Road, Nashville, TN 37214

+1 (615) 265-6052

Club & Association

501 Broadway, Nashville, TN 37203

+1 (615) 770-2355

College/University

2416 Music Valley Drive, Nashville, TN 37214

+1 (615) 514-4645

Community Center

5543 Edmondson Pike, Nashville, TN 37211

+1 (615) 450-0044

Concert Hall

2416 Music Valley Drive, Nashville, TN 37214

Construction Material & Equipment

2800 Foster Avenue, Nashville, TN 37210

+1 (615) 333-0102

Dentist

1923 State Street, Nashville, TN 37203

+1 (615) 320-3636

Fitness Club & Center

1600 McGavock Street, Nashville, TN 37203

+1 (404) 368-8405

Government Office

400 Charlotte Ave, Nashville, TN 37219

+1 (615) 862-5950

Movie Theater

209 3rd Avenue North, Nashville, TN 37201

+1 (615) 679-9242

Museum

4416 Ridgefield Way, Nashville, TN 37205

Pharmacy

1682 Elm Hill Pike, Nashville, TN 37210

+1 (615) 255-5758

Post Office

Lebanon Pike, Nashville, TN 37214

+1 (615) 751-8801

Table of Content

Best Online Short-term Loans in Nashville
Alternatives to Short-term Loans in Nashville
Loan Regulations in Tennessee
Short-Term Loan Calculator
Where to Use Short-term Loan

Best Online Short-term Loans in Nashville

Best Online Short-term Loans in Nashville

Alternatives to Short-term Loans in Nashville

Best Personal Loan

Best Installment Loan

Best Car Title Loan

Loan Regulations in Tennessee

Short-Term Loan Calculator

Where to Use Short-term Loan

Table of Content

Short-term Loans by State

FAQ

What are short-term loans?

Can I get a short-term loan if I have bad credit?

What are same-day loans?

How do short-term loans work?

What are the typical requirements for a short-term loan?

Are there alternatives to short-term loans?

What should I consider before taking a short-term loan?

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