Memphis, TN · South · Allowed
Payday loans in Memphis
Memphis is governed by Tennessee's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Tennessee. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Memphis
652,717 residents · Shelby County Median household income is $36,445 — below the Tennessee median of $50,670.
15 storefront locations of 14 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| 1FirstCashAdvance - Tennessee Check Cashing/Pay-day Loans, Installment Loans | 28 S 2nd St, 38103 | (901) 519-3277 | Mon 8:00 AM - 10:00 PM · hours vary |
| Advance America Title Loans, Check Cashing/Pay-day Loans | 4298 Summer Ave, 38122 | (901) 685-6474 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advance America Title Loans, Check Cashing/Pay-day Loans | 3629 Hickory Hill Rd, 38115 | (901) 547-0821 | Mon 10:00 AM - 6:00 PM · hours vary |
| Bluff City Finance Installment Loans | 59 Monroe Ave, 38103 | (901) 528-0245 | Mon–Fri 8:00 AM - 6:00 PM · Sat–Sun Closed |
| Cash In A Flash Check Cashing/Pay-day Loans, Installment Loans | 1268 Getwell, 38111 | (901) 744-6500 | Mon 8:30 AM - 5:30 PM · hours vary |
| Cash Jewelry Loans Pawn Shops, Appraisal Services, Installment Loans | 5050 Poplar Ave Ste 130, 38157 | (901) 682-3533 | Mon 9:30 AM - 5:00 PM · hours vary |
| Central Loan and Finance Installment Loans | 5071 Park Ave, 38117 | (901) 454-0906 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
| Chesterfield Finance Installment Loans | 140 Monroe Ave, 38103 | (901) 523-8040 | Mon–Fri 8:00 AM - 5:00 PM · Sat–Sun Closed |
| Local Finance Installment Loans | 142 Madison Ave, 38103 | (901) 521-0726 | Mon–Fri 8:00 AM - 6:00 PM · Sat–Sun Closed |
| Magnolia Finance Installment Loans | 7395 US Hwy 64 Ste 107, 38133 | (901) 381-9095 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
| Memphis Finance Installment Loans | 65-A Monroe Ave, 38103 | (901) 577-1660 | Mon–Fri 8:00 AM - 6:00 PM · Sat–Sun Closed |
| Quik-Lend Check Cashing/Pay-day Loans, Title Loans, Installment Loans | 2830 Austin Peay Ste 6, 38128 | (901) 385-1733 | Mon 10:00 AM - 5:00 PM · hours vary |
| Reliable Finance Installment Loans | 140 Madison Ave, 38103 | (901) 577-1699 | Hours not listed |
| Service Finance Installment Loans | 138 Madison Ave, 38103 | (901) 525-5050 | Hours not listed |
| Shelby Finance Installment Loans | 5808 Winchester Rd, 38115 | (901) 542-8212 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Tennessee page before visiting. Spot an error? Report it.
The online route in Memphis
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Tennessee follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Tennessee regulator.
The rules behind the numbers
Deferred presentment transactions are short-term financial solutions and are not intended for long-term borrowing needs.
In practice: borrow $300 for a standard term and the finance charge is $45 — $345 repaid at the end, about 459% APR. Every compliant lender in Memphis has to fit inside that schedule.
Statute: Tenn. Code Ann. § 45-17-101 et seq.
Regulator: Tennessee Department of Financial Institutions · www.tn.gov
Questions people ask in Memphis
Are payday loans legal in Memphis, TN?
Yes. Storefront payday lending is permitted across Tennessee, and Memphis runs under the same state rules: maximum loan $500, fees capped at 15% of face value of check ($17.65 per $100 advanced). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Memphis?
The same as anywhere in Tennessee: state law sets the schedule. On a typical $300 loan the finance charge is about $45 — $345 repaid at the end of the standard term.
Which lenders have stores in Memphis?
15 storefronts are listed in Memphis in our 2022-02-20 directory snapshot (14 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Memphis?
Complaints about a lender go to the Tennessee Department of Financial Institutions (www.tn.gov) — keep the loan agreement and every fee disclosure you were given.