Interest Rates on Personal Loans in Tennessee

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Personal loans are unsecured loans offered in Tennessee that can be used for any major purchase you need to cover. Popular uses of personal loans are debt consolidation, home renovation, medical expenses, and many others. The interest rates of personal loans are typically 5.99% up to 36.99%.

What is the average personal loan interest rates in Tennessee?

The rate you receive on a personal loan is determined by several factors. The main factor that goes into deciding the APR of your personal loan is your credit score. Look at the list below, as you can tell the better your credit score, the lower the interest and the more money you can borrow.

Average Credit ScoreAverage Interest RateAverage Amount Funded
720+7.25%$ 18,793

680-719

11.12%$ 15,622

660-679

17.08%$ 11,782

640-659

23.56%$ 10,015

620-639

31.16%$ 7,806

580-619

58.28%$ 6,324

560-579

107.13%$ 4,921

Less than 560

136.50%$ 3,549

From the information above we can conclude that getting a personal loan in Tennessee with reasonable interest rates while having a credit score under 580 is difficult.

Get You Personal Loan Rates in Tennessee Now

LenderAPR RangeAvailable TermsMin Loan AmountMax Loan Amount
Marcus By Goldman Sachs logo

6.99% - 19.99%

Estimated APR

3 to 6 Years

Available Terms

$3,500

Min Loan Amount

$40,000

Max Loan Amount
Check my Rate

Rate Range*

6.99% - 19.99%

Loan Terms*

3 to 6 Years

$3,500 up to $40,000

Loan Amount Range*

About Marcus By Goldman Sachs Personal Loans

Marcus by Goldman Sachs offers industry-leading personal loans.

Loan Features

Loan Amount

Marcus By Goldman Sachs offers Personal Loans with a minimum loan amount of $3,500 and a maximum loan amount of $40,000.

Loan Term

Marcus By Goldman Sachs offers Personal Loans terms ranging from 3 to 6 Years.

Good For

This loan would be ideal for Good credit individuals who want a personal loan from an industry leader.

Features and Benefits

  • No Fees. Ever. We don't deduct a sign-up fee from your loan amount.
  • Tailored monthly payment options designed to fit your budget.
  • Marcus is backed by Goldman Sachs' 150 years of financial expertise.

Lender Requirements

  • Be at least 18 years old (19 in Alabama and 21 in Mississippi and Puerto Rico)
  • Proof of employment, loan purpose, income and creditworthiness.
  • Valid U.S. bank account and Social Security number or Individual Tax ID Number.

Marcus By Goldman Sachs® Offer Terms and Conditions

Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions.

Income Disclosure

List your total available income including wages, retirement, investments, and rental properties. You are not required to disclose income that is alimony, child support or separate maintenance unless you want to use that income to qualify for a loan. If applicable, include self-employment salary. For total commission earnings, provide an annual average. Increase non-taxable income/benefits by 25%.

Payoff logo

5.99% - 24.99%

Estimated APR

2 to 5 Years

Available Terms

$5,000

Min Loan Amount

$35,000

Max Loan Amount
See Your Rate

Rate Range*

5.99% - 24.99%

Loan Terms*

2 to 5 Years

$5,000 up to $35,000

Loan Amount Range*

About Payoff Personal Loan & Debt Consolidations

Payoff loans are tailored for debt consolidation with low rates, they offer flexible payment schedules as well as financial guidance. Payoff offers fixed-rate debt consolidation loans to made specifically to pay off credit card debt. On average, Payoffs customers get these loans to cover their debt of $18,000.

Loan Features

Loan Amount

Payoff offers Personal Loan & Debt Consolidations with a minimum loan amount of $5,000 and a maximum loan amount of $35,000.

Loan Term

Payoff offers Personal Loan & Debt Consolidations terms ranging from 2 to 5 Years.

Good For

This loan would be ideal for Anyone overwhelmed by debt with fair to excellent credit that wants to consolidate all their credit card debt into one fixed monthly payment..

Features and Benefits

  • Soft Credit Check
  • Loans funded in 3 to 7 days
  • Origination Fees: 0% - 5.00%
  • Consolidate your credit card debt
  • No late fees

Lender Requirements

  • A minimum credit score of 640
  • A debt-to-income ratio of 50 percent or less
  • At least three years of good credit history
  • Minimum Annual Income: $40,000
  • Minimum Credit History: 2 Years
  • At least two open lines of credit in which you’ve made on-time payments
Prosper logo

6.95% - 35.99%

Estimated APR

3 to 5 Years

Available Terms

$2,000

Min Loan Amount

$40,000

Max Loan Amount
See Your Rate

Rate Range*

6.95% - 35.99%

Loan Terms*

3 to 5 Years

$2,000 up to $40,000

Loan Amount Range*

About Prosper Personal Loans

Applying for a personal loan the traditional way can be daunting. Through Prosper, you can apply for a low-interest loan from the comfort of your home.

Loan Features

Loan Amount

Prosper offers Personal Loans with a minimum loan amount of $2,000 and a maximum loan amount of $40,000.

Loan Term

Prosper offers Personal Loans terms ranging from 3 to 5 Years.

Good For

This loan would be ideal for Individuals with good credit who want to get a loan from and industry leader..

Features and Benefits

  • Soft Credit Check
  • Loans Funded Quickly
  • Fast Funding
  • No Prepayment Penalty
  • Peer to Peer lending

Lender Requirements

  • Be at least 18 years old
  • Have good credit (usually 640+) their average borrower has a credit of 717.
  • Minimum credit history of 2 years
  • Maximum debt to income ratio: 50% (excluding mortgage)
  • Have a checking account in your name

What Interest Rates Can I Expect to Get in Tennessee?

As stated above your interest rate a personal loan heavily depends on your credit score. The better your credit score more you can borrow at a interest rate. Personal loans are a great source of financing but you must be aware to avoid scammers when receiving a personal loan. If you receive a personal loan with an exceptionally large interest rate you could be caught in a circle of debt it may be difficult to get out of. Keeping this in mind, all the lenders on TNloan are all reputable industry leading lenders.

To calcuate your rates feel free to use our personal loan calculator.

Tennessee Personal Loan Calculator
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