Personal loans in Morristown, TN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Morristown, TN.
The median household in Morristown earns $47,917 a year, 31% below the Tennessee median of $69,595. About 26% of residents live below the federal poverty line, and 45.1% of households rent their home. 10.4% of households have no home internet; our form works on any phone.
Tennessee law that applies in Morristown
| 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 Morristown
Here's what to have on hand before you start your personal loan request in Morristown:
- 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 Morristown
What Morristown borrowers use it for
the fastest options online
Car repairskeep getting to work while the shop fixes it
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Morristown
- 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 Morristown
14 FDIC-insured bank branches from 9 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Truist Bank | 2 | 230 Dr Martin Luther King Jr Pkwy, Morristown 37813 |
| Regions Bank | 2 | 201 W Morris Blvd, Morristown 37813 |
| First Horizon Bank | 2 | 1112 W 1st North St, Morristown 37814 |
| HomeTrust Bank | 2 | 120 Evans Ave, Morristown 37814 |
| Commercial Bank | 2 | 155 Terrace Ln, Morristown 37813 |
| Andrew Johnson Bank | 1 | 435 W 1st North St, Morristown 37814 |
| U.S. Bank National Association | 1 | 2310 Sandstone Dr, Morristown 37814 |
| Citizens National Bank | 1 | 4320 Evan Greene Plz, Morristown 37814 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Morristown
8 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| Ornl | 1730 W Andrew Johnson Hwy, Morristown 37814 |
| Knoxville Tva Employees | 3101 Millers Point Dr, Morristown 37813 |
| Consumer | 4005 E Morris Blvd, Morristown 37813 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Hamblen County · Jefferson County · Payday Loans in Morristown · Title Loans in Morristown
Frequently asked questions
Can I get a personal loan with bad credit in Morristown?
Possibly. Lenders in our network consider applicants with fair and bad credit across Tennessee, including Morristown. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Morristown, 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 Morristown?
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.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Morristown residents can see their options in about 3 minutes.
Can I get an emergency loan with bad credit in Morristown?
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. Morristown residents can see if they qualify in about 3 minutes.
How do I apply for a personal loan with bad credit in Morristown?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
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.
How do installment loans work in Morristown?
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. Morristown residents can see installment loan offers with our free 3-minute form.
Do I need to visit a store in Morristown?
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.