Loans in Monroe County, TN: payday, personal & title options
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Monroe County, TN.
The median household in Monroe County earns $56,895 a year, 18% below the Tennessee median of $69,595. About 16% of residents live below the federal poverty line, and 27.8% of households rent their home. 13.5% of households have no home internet; our form works on any phone.
What you need for a payday loan in Monroe County
Most Monroe County applicants can finish in one sitting if they have these ready:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Monroe County
What Monroe County borrowers use it for
deposits, trucks and first-week expenses
Medical billspay a doctor, dentist or pharmacy bill now
Rent duecover a short gap before payday
Holiday expensesgifts and travel without maxing a card
Loans for your situation
Which loans are available in Monroe County
Payday Loans Legal
Payday loans (deferred presentment services) are legal in Tennessee from lenders licensed by TDFI under the Deferred Presentment Services Act, Tenn.
Personal Loans
36% effective rate for industrial loan and thrift loans of $100+ (since July 2025); flex loans 24% plus fee.
Title Loans Legal
Title loans (title pledge loans) are legal in Tennessee from lenders licensed by TDFI under the Title Pledge Act, Tenn.
Banks and credit unions in Monroe County
Banks with branches in Monroe County
19 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Volunteer Federal Savings Bank | 6 | 108 Main St, Madisonville 37354 |
| Peoples Bank of East Tennessee | 6 | 4511 Highway 411, Madisonville 37354 |
| Simmons Bank | 3 | 4299 Highway 411, Madisonville 37354 |
| Old National Bank | 2 | 215 Warren St, Madisonville 37354 |
| Regions Bank | 1 | 401 N Main St, Sweetwater 37874 |
| Sainte Marie State Bank | 1 | 301 N Main St, Sweetwater 37874 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Monroe County
3 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| Ornl | 4201 Highway 411, Madisonville 37354 |
| Alcoa Tenn | 160 Deer Xing, Vonore 37885 |
| Foothills | 413 Sweetwater Vonore Rd, Sweetwater 37874 |
Source: NCUA credit union branch data, June 30, 2026.
All Tennessee counties and cities
Frequently asked questions
Are payday loans legal in Monroe County?
Monroe County follows Tennessee law. Payday loans (deferred presentment services) are legal in Tennessee from lenders licensed by TDFI under the Deferred Presentment Services Act, Tenn.
Are title loans legal in Monroe County?
Title loans (title pledge loans) are legal in Tennessee from lenders licensed by TDFI under the Title Pledge Act, Tenn.
Where can I get a small loan in Monroe County?
Options include 19 bank and 3 credit-union locations in the county, licensed installment lenders, and online lenders you can reach through our short form in about 3 minutes.
How do I get a loan in Monroe County?
Fill out our short online form from anywhere in Monroe County. We share it with lenders in our network that serve Tennessee; if one approves you, you review the terms and the money is deposited to your bank account, often the next business day.
Can I get a loan in Monroe County with bad credit?
Yes, many lenders in our network work with Monroe County residents who have fair, poor or limited credit. They look at your income and ability to repay, not just your score, and some use alternative credit data instead of a traditional hard pull. Approval isn't guaranteed, but checking is free and takes about 3 minutes. Loan amounts range from $100 to $5,000.
Where can I get a loan in Monroe County, TN?
You can apply at banks, credit unions and lenders in Monroe County, or apply online from anywhere in the county. Online requests are often the quickest way to reach several lenders at once. Our free form sends a single request to lenders in our network that serve Tennessee residents, and many give a decision within minutes. It takes about 3 minutes to see if you qualify.
Can I get a loan in Monroe County on the weekend?
You can submit our online form any day, including weekends and holidays, and some lenders review requests right away. Deposits depend on banking days, so funds requested on a Saturday or Sunday typically arrive the next business day. Submitting early helps you get the first available deposit. Monroe County residents can start any time, and it takes about 3 minutes.
Can I apply for a loan online in Monroe County?
Yes. You don't need to visit a branch or storefront anywhere in Monroe County. Our secure online form works on your phone or computer, takes about 3 minutes, and connects you with lenders in our network that serve Tennessee. If you're approved and accept an offer, funds go directly to your bank account, often by the next business day.