Personal loans in Collierville, TN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Collierville, TN.
The median household in Collierville earns $138,598 a year, 99% above the Tennessee median of $69,595. About 3% of residents live below the federal poverty line, and 20.1% of households rent their home.
Tennessee law that applies in Collierville
| Rate cap | Industrial loan and thrift registrants: a maximum effective rate of 36% a year on loans of $100 or more (2025 Pub. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Flex loan plans: outstanding principal of no more than $4,000. |
Full rules with statute citations: Personal 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 personal loan in Collierville
Lenders that serve Collierville typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Collierville
What Collierville borrowers use it for
cover a short gap before payday
Need money nowthe fastest options online
Moving costsdeposits, trucks and first-week expenses
Car repairskeep getting to work while the shop fixes it
Loans for your situation
How to get a personal loan in Collierville
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Collierville
20 FDIC-insured bank branches from 17 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| BankTennessee | 3 | 1125 W Poplar Ave, Collierville 38017 |
| Simmons Bank | 2 | 3607 S Houston Levee Rd, Collierville 38017 |
| First Horizon Bank | 1 | 1182 W Poplar Ave, Collierville 38017 |
| Regions Bank | 1 | 1300 W Poplar Ave, Collierville 38017 |
| Trustmark Bank | 1 | 305 Poplar View Pkwy, Collierville 38017 |
| Bank of America, National Association | 1 | 304 New Byhalia Rd, Collierville 38017 |
| Independent Bank | 1 | 2116 W Poplar Ave, Collierville 38017 |
| Truist Bank | 1 | 1175 W Poplar Ave, Collierville 38017 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Collierville
4 credit-union locations from 4 credit unions.
| Credit union | Location |
|---|---|
| Orion | 310 New Byhalia Rd, Collierville 38017 |
| Fedex Employees Credit Association | 50 Fed Ex Pkwy, Collierville 38017 |
| First South Financial | 638 S Byhalia Rd, Collierville 38017 |
| Southern Security | 819 Southern Home Rd, Collierville 38017 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Shelby County · Payday Loans in Collierville · Title Loans in Collierville
Frequently asked questions
Can I get a personal loan with bad credit in Collierville?
Possibly. Lenders in our network consider applicants with fair and bad credit across Tennessee, including Collierville. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Collierville, TN?
36% effective rate for industrial loan and thrift loans of $100+ (since July 2025); flex loans 24% plus fee.
How fast can I get a personal loan in Collierville?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
How long does it take to get a personal loan in Collierville?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Collierville.
Can I get an emergency loan with bad credit in Collierville?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Collierville residents can see if they qualify in about 3 minutes.
How do installment loans work in Collierville?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Collierville residents can see installment loan offers with our free 3-minute form.
Where can I find a loan for bad credit in Collierville?
You can apply at local banks and lenders in Collierville, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Do I need to visit a store in Collierville?
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.