How It Works
Getting a personal loan in Tennessee doesn't have to be complicated. LoansTN connects you with multiple lenders through one simple application. Here's how the process works from start to finish.
Step 1: Check Your Rate (2 Minutes)
Start by entering your desired loan amount and basic information — name, address, income, and employment details. Our system performs a soft credit inquiry to estimate your rate. This does not affect your credit score.
You can request loan amounts from $500 to $35,000. The entire form takes about 2 minutes to complete.
Step 2: Compare Lender Offers
Within minutes, you'll receive personalized offers from multiple Tennessee-licensed lenders. Each offer shows:
- The exact APR (Annual Percentage Rate)
- Monthly payment amount
- Total cost of the loan over the full term
- Repayment term length (12 to 60 months)
- Any origination fees or prepayment penalties
Compare offers side by side so you can choose the one that best fits your budget and timeline.
Step 3: Accept Your Offer & Get Funded
Once you select the best offer, the lender will finalize your application with a hard credit check. After approval, funds are deposited directly into your bank account — typically within 1 business day. Some lenders offer same-day ACH transfers for approved borrowers.
Tennessee Lending Regulations
All lenders in our network are licensed to operate in Tennessee and comply with the Tennessee Industrial Loan and Thrift Companies Act (TCA Title 45). The Tennessee Department of Financial Institutions (TDFI) regulates and oversees licensed lenders to protect consumers.
Tennessee law requires lenders to clearly disclose all loan terms, including APR, fees, and repayment schedules, before you sign any agreement. You have the right to review all terms and cancel within any applicable rescission period.
PLPA Compliance
LoansTN operates as a lead generation and comparison platform — we are not a lender. We comply with all applicable advertising and consumer protection regulations. Our platform:
- Clearly discloses that we are a matching service, not a direct lender
- Does not guarantee loan approval or specific terms
- Requires all partner lenders to be state-licensed under TCA Title 45
- Protects your data with 256-bit SSL encryption
- Never shares your information without your consent
Frequently Asked Questions
Is there a fee to use LoansTN?
No. LoansTN is completely free for borrowers. We earn a referral fee from lenders when you accept an offer — you never pay us anything.
Will checking my rate hurt my credit?
No. The initial rate check uses a soft inquiry that does not impact your credit score. A hard inquiry only occurs when you accept an offer and proceed with a full application.
How much can I borrow?
Tennessee borrowers can request personal loans from $500 to $35,000 through our platform. The amount you qualify for depends on your credit profile, income, and the lender's requirements.