Title Loans in Tennessee

Tennessee law caps a title loan at $2,500 against a single vehicle title, so that is the most you can borrow no matter how much your car is worth.

Your offer is based on what your vehicle is worth and whether you can afford the payments, not your credit score, and usually runs about 25% to 50% of that value. In the Tennessee loans we have funded, most borrowers take between about $250 and $2,500, with a typical amount near $1,100.

Borrow only what you truly need, since the charge is figured on the full amount you borrow.

Two things matter most: your vehicle's available equity and your ability to repay the loan. Your credit score carries far less weight.

Vehicle equity means your car is either lien-free or has only a small balance remaining compared to its value. You can look up your title and lien status through the Tennessee Department of Revenue.

You must also show steady income or another reliable source of funds to demonstrate that you can comfortably repay the loan. Income does not have to come from a regular paycheck, as other documented sources may also qualify.

In our experience, most declined applications are due to insufficient vehicle equity or a lack of verifiable income, rather than a low credit score.

Tennessee law lets a lender charge up to 2% interest plus a 20% fee on the principal every 30 days, which can reach about 264% a year at the maximum, but Swift Title Loans charges only a fraction of that, and your exact rate depends on your vehicle, loan amount, and term.

For example, a $1,000 loan costs about $30 for 30 days, so you would owe about $1,030 to pay it off. The charge is figured on your original amount, not the shrinking balance, so each renewal costs about the same again.

A Tennessee title loan runs 30 days, and you can renew it.

From the third renewal on, state law requires you to pay down at least 5% of the original loan amount each time, which slowly reduces what you owe. Even so, every renewal adds another charge, so paying off sooner always costs less.

If you fall behind, we can repossess and sell the vehicle to recover what you owe.

Tennessee gives you real protections, though. After repossession you have a 20-day window to redeem your car by paying what you owe, and no new interest or fees can be added during that time. If the car is sold for more than your balance, the surplus must be returned to you.

If money is tight, reach out before you miss a payment so we can talk through your options.

Yes. Title pledge lenders in Tennessee must be licensed by the Department of Financial Institutions, and a loan from an unlicensed lender is void.

You can confirm a lender's license through NMLS Consumer Access before you borrow. For state rules and forms, the Tennessee Department of Financial Institutions is the official source.

Yes. Approval is based on your vehicle's value and your ability to repay, not your credit score, so many borrowers with poor or thin credit still qualify.

You will generally need a Tennessee title in your name, a government-issued ID, and proof that you can repay the loan.