Personal 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.
Tennessee law that applies in Springfield
| 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 Springfield
Most Springfield applicants can finish in one sitting if they have these ready:
- 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 Springfield
What Springfield borrowers use it for
handle the unexpected the same week
Rent duecover a short gap before payday
Holiday expensesgifts and travel without maxing a card
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Springfield
- 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 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 · Payday Loans in Springfield · Title Loans in Springfield
Frequently asked questions
Can I get a personal loan with bad credit in Springfield?
Possibly. Lenders in our network consider applicants with fair and bad credit across Tennessee, including Springfield. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Springfield, 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 Springfield?
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 do I apply for a personal loan with bad credit in Springfield?
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.
How long does it take to get a personal loan in Springfield?
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 Springfield.
Where can I find a loan for bad credit in Springfield?
You can apply at local banks and lenders in Springfield, 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.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Springfield borrowers who qualify.
How do installment loans work in Springfield?
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. Springfield residents can see installment loan offers with our free 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.