Payday loans in Springfield, TN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Springfield, TN.
The median household in Springfield earns $59,465 a year, 15% below the Tennessee median of $69,595. About 22% of residents live below the federal poverty line, and 44.3% of households rent their home. 13.8% of households have no home internet; our form works on any phone. When an unexpected bill hits before payday, Springfield residents can request $100 to $1,000 online in minutes.
Tennessee law that applies in Springfield
| Maximum loan | A lender (and related persons) may hold no more than two of your checks at once, with a total face value of no more than $500. |
|---|---|
| Fee cap | The fee may not exceed 15% of the face amount of the check. |
| Rollovers | Not allowed. |
| Loans at once | You may have no more than three payday loans outstanding at once, totalling no more than $500. |
Full rules with statute citations: Payday Loans in Tennessee. Cities in Tennessee cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Springfield
Lenders that serve Springfield typically ask for the following:
- 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 Springfield
What Springfield borrowers use it for
gifts and travel without maxing a card
Emergencieshandle the unexpected the same week
Need money nowthe fastest options online
Rent duecover a short gap before payday
Loans for your situation
How to get a payday loan in Springfield
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Tennessee.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
How much will I repay?
Tennessee does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Banks and credit unions in the area
Banks with branches in Springfield
8 FDIC-insured bank branches from 7 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| The Farmers Bank | 2 | 1203 Memorial Blvd, Springfield 37172 |
| U.S. Bank National Association | 1 | 2127 Memorial Blvd, Springfield 37172 |
| Lawrence Bank | 1 | 3519 Tom Austin Hwy, Springfield 37172 |
| Bank of America, National Association | 1 | 2021 Memorial Blvd, Springfield 37172 |
| Regions Bank | 1 | 3572 Tom Austin Hwy, Springfield 37172 |
| United Community Bank | 1 | 701 S Main St, Springfield 37172 |
| JPMorgan Chase Bank, National Association | 1 | 374 Shops Ave, Springfield 37172 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Springfield
3 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Credit Union For Robertson County | 4310 Highway 431 N, Springfield 37172 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Robertson County · Personal Loans in Springfield · Title Loans in Springfield
Frequently asked questions
Can I get a payday loan in Springfield, TN?
Payday loans (deferred presentment services) are legal in Tennessee from lenders licensed by TDFI under the Deferred Presentment Services Act, Tenn. You can request one online from Springfield through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Springfield?
A lender (and related persons) may hold no more than two of your checks at once, with a total face value of no more than $500.
How fast can I get a payday loan in Springfield?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
Do payday loans show up on your credit report?
Many payday lenders do not report regular, on-time payments to the three major credit bureaus, so the loan often doesn't appear on a standard credit report. Some lenders and specialty bureaus do track short-term loans, and an unpaid balance sent to collections can be reported. Your lender explains its reporting policy in the loan agreement. Ready to compare offers in Springfield? Our form takes about 3 minutes.
Is a payday loan the same as a cash advance?
The terms are often used interchangeably. A payday loan is sometimes called a cash advance because it advances money against your next paycheck. A credit card cash advance is different: you withdraw cash against your card's credit limit, which requires available credit on a card. If you don't have card credit to tap, a payday loan through our network is a fast option. Check your options in about 3 minutes.
How much does a payday loan cost in Springfield?
The fee may not exceed 15% of the face amount of the check. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Springfield borrowers in about 3 minutes.
How do payday loans work in Springfield?
You fill out a short online request, a lender reviews your income and banking details, and if you're approved you see the amount, fee and due date before you sign. Funds are typically deposited into your checking account, often by the next business day. On your due date, repayment is usually taken from that same account. Springfield residents can start the process online in about 3 minutes.
Do payday loans affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Springfield residents can see their options with our 3-minute form.
Do I need to visit a store in Springfield?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.