Oak Ridge, TN · South · Allowed
Payday loans in Oak Ridge
Oak Ridge 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 Oak Ridge
29,350 residents · Anderson County / Roane County Median household income is $49,100 — below the Tennessee median of $50,670.
2 storefront locations of 2 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 |
|---|---|---|---|
| Advance America Check Cashing/Pay-day Loans, Title Loans | 868 Oak Ridge Turnpike, 37830 | (865) 483-1671 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advance Financial Check Cashing/Pay-day Loans, Title Loans, Installment Loans | 214 S Illinois Ave, 37830 | (865) 229-6303 | Mon–Fri 10:00 AM - 6:00 PM · Sat–Sun 10:00 AM - 4:00 PM |
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 Oak Ridge
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 Oak Ridge 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 Oak Ridge
Are payday loans legal in Oak Ridge, TN?
Yes. Storefront payday lending is permitted across Tennessee, and Oak Ridge 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 Oak Ridge?
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 Oak Ridge?
2 storefronts are listed in Oak Ridge in our 2022-02-20 directory snapshot (2 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Oak Ridge?
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.