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Best Online Short-term Loans in Powell

Strapped for cash? Short-term loans are your quick solution when unexpected expenses hit! Life can be unpredictable, and financial hurdles often come when least expected. This is where our Best Cash Advance Short-term Loans step in, providing the funds you need, right when you need them. Skip the stress and endless paperwork; our streamlined process ensures you get the cash fast. Whether it's an emergency repair or a necessary purchase, we offer reliable, hassle-free solutions. Don't let a short-term financial gap disrupt your peace. Apply today and regain your financial stability with ease.

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Best Online Short-term Loans in Powell

1st Franklin Financial
Loan agency
4.90
10 reviews

Address: 3559 W Emory Rd, Powell, TN 37849

Today's Business Hours: 8:30 AM - 5:30 PM

Phone Number: +1 (865) 362-8000

Website: locations.1ffc.com/tn/powell/3559-w-emory-rd.html

Services:

Installment loans Signature loans Financial Loan Fixed Rates Loans Military Lending Personal Loans Premier Loan Residential Mortgage Retail Sales Financing Sales Financing
Cash Express
Loan agency
1.70
6 reviews

Address: 2301 W Emory Rd, Powell, TN 37849

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

Phone Number: +1 (865) 938-2274

Services:

Business loans Cash for gift cards Flex loans Installment loans Line of credit Payday loans Title loans Cash For Gold Cash Today Client Services Community Support Credit Card Financial Literacy Financial Solution Home Services Mobile Banking New Loan Pawn Loans Prepaid Card
Yes Community Finance
Loan agency

Address: 7204 Larkspur Ln, Powell, TN 37849

Today's Business Hours: 9:00 AM - 3:30 PM

Phone Number: +1 (865) 947-9960

Alternatives to Short-term Loans in Powell

Short-term loans come in various forms tailored to different financial needs. Personal loans offer quick cash without requiring collateral, making them suitable for sudden financial needs or emergencies. They usually involve a straightforward application process with repayment terms typically spanning a few months. Installment loans are another common type, allowing borrowers to pay back the borrowed amount in fixed monthly payments over a set period, thereby providing a structured repayment plan that can be easier to manage. Title loans are secured loans where borrowers use their vehicle title as collateral, offering quick access to cash but posing a risk of losing the vehicle if the loan is not repaid. These loans often come with high interest rates and are generally used as a last resort for immediate funding needs.

Best Personal Loan

Makenzie Partida
5.00
4 reviews

Short-term loans offer quick access to cash for borrowers requiring immediate financial assistance. Best personal loans in this category are often unsecured, meaning they do not require collateral. They are favored for their flexibility, as they can typically be used for any purpose, from covering medical emergencies to consolidating debt. Personal loans generally have fixed interest rates and predefined repayment terms, making them predictable for budgeting purposes. However, eligibility often depends on the borrower’s credit score, which can influence the interest rates and terms offered.

Best Installment Loan

Home Federal Bank
4.30
10 reviews

Installment loans are a type of short-term loan where the borrower agrees to pay back the loan amount in fixed monthly payments over a predetermined period. This predictability can ease the financial burden on the borrower, as they can budget their payments more effectively. The best installment loans offer competitive interest rates and flexible terms to meet the borrower's needs. These loans are typically available from banks, credit unions, and online lenders, making them quite accessible.

Best Car Title Loan

Concord Title
5.00
2 reviews

Regarding title loans, a car title loan is a common option for those needing fast access to capital. This type of loan uses a borrower’s vehicle title as collateral, allowing them to borrow money quickly based on the value of their car. Title loans can be obtained even by those with poor credit, as the lender’s risk is mitigated by holding the car title as collateral. However, if the borrower fails to repay the loan, there is a possibility of losing the vehicle, which makes it imperative to fully understand the terms and conditions before proceeding with this loan option.

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

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

For individuals who have already obtained a short-term loan, there are several local service providers where the funds can be effectively utilized. Medical services offer necessary treatments and consultations, while car repair shops can address urgent vehicle maintenance needs. Additionally, legal services can provide essential assistance, funeral services ensure a dignified process during difficult times, and appliance services handle unexpected home equipment malfunctions.

Car Wash
592 East Emory Road, Powell, TN 37849
+1 (865) 859-0500
College/University
1700 West Beaver Creek Drive, Powell, TN 37849
+1 (865) 938-8186
Dentist
207 East Emory Road, Powell, TN 37849
Fitness Club & Center
3703 West Beaver Creek Drive, Powell, TN 37849
+1 (865) 947-7685
Government Office
7311 Morton View Lane, Powell, TN 37849
+1 (865) 215-5865
Hospital
7565 Dannaher Drive, Powell, TN 37849
+1 (865) 859-8000
Library
330 West Emory Road, Powell, TN 37849
+1 (865) 947-6210
Local Post Office
3239 Shropshire Boulevard, Powell, TN 37849
+1 (865) 947-4880
Museum
113 East Emory Road, Powell, TN 37849
+1 (865) 938-0384
Pharmacy
604 East Emory Road, Powell, TN 37849
+1 (865) 947-5235
Roadside Restaurant
7143 Clinton Highway, Powell, TN 37849
+1 (865) 947-9981
Tourist Information Office
229 East Emory Road, Powell, TN 37849
+1 (865) 362-5039
Veterinarian
205 Star Mountain Way, Powell, TN 37849
+1 (865) 938-1884

FAQ

What is a short-term loan?

A short-term loan is a type of financing where the borrower is expected to repay the loan amount, along with any interest or fees, within a short period, typically within a few weeks to a few months. These loans are often used to cover unexpected expenses or financial gaps until the borrower's next paycheck.

Can I get a short-term loan with bad credit?

Yes, many lenders offer short-term loans to individuals with bad credit. These loans are often referred to as bad-credit loans. However, interest rates and fees might be higher compared to those offered to borrowers with good credit.

Are there same-day loans available?

Yes, same-day loans are available and can be a convenient option in urgent situations. Lenders may offer quick approval and fund disbursement, allowing borrowers to access cash on the same day they apply. It's important to thoroughly review the terms and conditions as these loans typically have higher fees and interest rates.

How do short-term loans work?

Short-term loans are a type of short-term loan where the borrower is required to repay the loan amount on their next payday. Typically, the borrower writes a post-dated check for the loan amount plus fees, or authorizes the lender to electronically withdraw funds from their bank account. These loans are high-interest and can lead to a cycle of debt if not managed carefully.

What are the usual requirements for obtaining a short-term loan?

Although requirements can vary by lender, common requirements for short-term loans include being at least 18 years old, having a regular source of income, and holding an active checking account. Some lenders may also require proof of identification and residency.

What are the risks associated with short-term loans?

Short-term loans often come with high fees and interest rates, which can lead to a cycle of borrowing if not repaid on time. Failure to repay can also result in additional fees, potential damage to your credit score, and legal action from the lender.

How can I apply for a short-term loan?

To apply for a short-term loan, you can typically complete an online application on a lender's website, or visit a physical location if available. After providing the necessary information and documentation, the lender will review your application and inform you of their decision, often within a few hours. If approved, funds are usually transferred via direct deposit into your bank account.

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Powell ZIP Codes

37849