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Title loans are legal in Tennessee and are regulated under the Tennessee Title Pledge Act, T.C.A. Title 45, Chapter 15. Lenders are licensed by the Tennessee Department of Financial Institutions, and you keep driving your car while the loan is outstanding.
Tennessee caps a title pledge at $2,500 per vehicle title. What you are offered inside that ceiling depends on your vehicle's value and on your ability to repay.
The price is set in two pieces, and both are charged monthly: 2% interest plus a fee of up to 20% of the loan amount. Taken together those reach 264% APR, which is the statutory maximum rather than a quote. Both pieces are calculated on your original loan amount, not on the balance you have left, so the monthly charge does not fall as you pay down.
A pledge runs 30 days at a time. Tennessee places no limit on how many times you renew, but from the third renewal onward you must pay at least 5% of the original principal along with that period's interest and fees, so the balance has to start moving.
| Rule | What Tennessee Allows |
|---|---|
| Legal structure | A title pledge under the Tennessee Title Pledge Act, made by a lender licensed with the Department of Financial Institutions (T.C.A. Title 45, Ch. 15) |
| Interest | 2% per month on the original principal (§ 45-15-111) |
| Additional fee | Up to 20% of the original loan amount per month, charged separately from interest (§ 45-15-111) |
| All-in maximum | 264% APR once both the interest and the fee are counted |
| Amount | Up to $2,500 against one vehicle title |
| Term | 30 days, renewable |
| Renewals | No cap on the number, but from the third renewal you must pay at least 5% of the original principal plus that period's interest and fees |
| Cancelling | You may cancel by the close of the next business day for a full refund, with no fee |
| Repossession | Permitted on default, and the lender must notify local authorities (§ 55-5-128) |
| Redemption | 20 days after repossession to reclaim the vehicle by paying what is owed, and no extra interest or fees may accrue during that period |
| Repossession costs | Limited to the actual costs the lender was charged |
Tennessee's charges are figured on the amount you originally borrowed rather than on your declining balance, so each 30-day period costs the same. Interest works out to $20 per $1,000 and the fee to $200 per $1,000.
The table shows a single 30-day term at the statutory maximum. It is a ceiling, not a quote. Your own agreement governs.
| You Borrow | Term | Interest + Fee | Total You Repay |
|---|---|---|---|
| $500 | 30 days | $110 | $610 |
| $1,000 | 30 days | $220 | $1,220 |
| $2,500 | 30 days | $550 | $3,050 |
Your lender must hold a current licence with the Tennessee Department of Financial Institutions. A pledge made without one is void, so it is worth checking before you sign.
Before you sign, the lender has to put the loan amount, the interest, the fees, the payment terms and the total due in writing, and disclose the annual percentage rate, the monthly rate of interest and the original principal balance.
You can walk away: cancelling by the close of the next business day gets you a full refund with no fee. If the car is later repossessed, you have 20 days to redeem it, nothing further may be added to what you owe during that window, and any repossession costs passed on to you are limited to what the lender actually paid. Tennessee does not permit criminal prosecution over an unpaid title pledge.
You can visit your nearest branch for title loans with Swift Title Loans, making it easy for local borrowers to secure fast cash at your local branch. Start by sharing your contact and car details, then bring your vehicle for a quick inspection for a quick in-branch review by a lender. Approval is subject to lender policies, but if you qualify, you may receive same-day cash—with an in-person visit.
Apply from anywhere. No need to drive to a location or wait in line. Complete everything from your phone.
Skip the hassle of bringing your car somewhere. Just upload photos of your vehicle from your phone. That's it.

Past bankruptcy or low credit score? No problem. Your car's value matters more than your credit history.
Apply in 7 minutes. Get cash as fast as the same business day when you apply before noon.*
Swift Title Loans is 100% free to use. Get a quote, compare offers, and decide what works for you.
If you've found yourself in a difficult financial position and need access to cash, you may qualify for a title loan at your nearest branch. Check the requirements and stop by to get started!
Getting the cash you need is quick and simple with our title loan process
Complete a simple form from your phone or computer. A quick branch visit, no appointment needed. 7 minutes for pre-approval.
Upload photos of your car (all 4 sides, odometer, VIN, interior), ID, title, and proof of income. No physical inspection required.
Receive a loan estimate based on your car's value and your ability to repay. No obligation.
Once approved, funds are deposited directly to your bank account. Keep driving your car while you repay. Same-day funding available.*
Here's a real example of a funded title loan from our branch:
2008 Scion xB | 2017 Chevrolet Equinox | 2011 INFINITI QX56 | |
| Mileage | 158,000 | 150,000 | 170,000 |
| Vehicle Value | $1,825 | $2,375 | $2,975 |
| Loan Amount | $600 | $1,000 | $1,600 |
| Loan-to-Value | 33% | 42% | 54% |
| Funded | Jul 2026 | May 2026 | Aug 2025 |
Swift Title Loans vehicles funded in Tennessee between August 2025 and July 2026. Amounts shown are what was funded, not a quote.
Before you sign, be clear on the payment, the number of payments, and the total you will have paid when the schedule ends. The figures in your own agreement are the ones that count, not the examples on any website, ours included.
A title loan is one way to cover a shortfall, and it is worth putting it next to a few alternatives before you commit your car's title. A credit union small-dollar loan, a payment plan negotiated directly with the biller, a paycheck advance from your employer, or help from a local assistance programme will often cost less. If none of those work, borrow the smallest amount that solves the problem and pay it off as quickly as your budget allows.
Keep your vehicle in the picture too. The title is the security, so a loan you cannot repay puts the car you rely on at risk, and in most cases that car is worth considerably more than the loan.
Quick answers to help you feel confident about title loans.