Tennessee Best Personal Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current personal loan options available to borrowers in Tennessee include: FedTrust Federal Credit UnionFedTrust Federal Credit Union167 N Main St Ste 102, Memphis, TN, 38103 1867A4.9 ★Texas Ratio: 8.25% offering Share Secured Credit Builder Loan at 5.00% APR, City Employees Credit UnionCity Employees Credit Union1720 WESTERN AVE, KNOXVILLE, TN, 37921A+5.0 ★Texas Ratio: 1.34% offering Signature Loan at 7.00% APR, Hope Federal Credit Union Jackson, MSHope Federal Credit Union Jackson, MS1451 Madison Ave, Memphis, TN, 38104A5.0 ★Texas Ratio: 6.51% offering Unsecured / Signature Loan at 7.50% APR, Chattanooga Federal Employees Credit UnionChattanooga Federal Employees Credit Union2011 Stein Dr, Chattanooga, TN, 37421 1692A+5.0 ★Texas Ratio: 3.20% offering Personal/Signature Loans at 7.50% APR, and MPD Community Credit UnionMPD Community Credit Union2711 Old Lebanon Pike, Nashville, TN, 37214A+5.0 ★Texas Ratio: 2.95% offering Personal Loans at 7.50% APR. Personal loan rates as of September 22, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Tennessee side-by-side. Tennessee personal loan rates currently start as low as 5.00% APR from FedTrust Federal Credit Union at 167 N Main St Ste 102, Memphis, TN, 38103 1867. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Tennessee.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Tennessee. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: September 22, 2026
Tennessee Personal Loan Rates
$500
See Loan Rates
Published APR range: 7.50% - 18.00%.
As low as APR*
As Low As
No additional details available.
Promotional rate available from September 1 to December 31, 2026. Limit one Debt Consolidation Loan per member. Any existing Debt Consolidation Loan must be paid in full through the refinance. Automatic payments and direct deposit into an IFCU checking account are required.
As low as
No additional details available.
No additional details available.
As Low As
The rate show is the lowest available rate. Your rate may be higher depending on your credit score.
No additional details available.
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
As low as APR*
Unsecured Loans
Published APR range: 8.65% - 14.65%.
No additional details available.
As low as
No additional details available.
As low as; *
No additional details available.
No additional details available.
$26,000; As low as
As low as
No additional details available.
No additional details available.
As Low As; Rates as of 4/2/2026. $100 loan application fee applies. All rates are based on an evaluation of the member's individual credit history and value of collateral. Your actual rate may vary. All rates and terms are subject to conditions and certain restrictions may apply. Rates are subject to change at any time.
As low as; Rates effective as of 03/31/2026
Published APR range: 9.25% - 17.95%. Loan Type: Signature
As low as; Rates are based on credit history, terms of loan, payment type, and other potential conditions.
As low as APR*
Published APR range: 9.50% - 18.00%. Balance: Up to $5,000
As low as
Rate accurate as of September 14, 2026
minimum $7,500 - maximum $35,000
No additional details available.
No additional details available.
Term: term given upon credit union approval; Published APR range: 9.9% - 18.0%.
No additional details available.
As Low As
As Low As
No additional details available.
No additional details available.
Published APR range: 9.99% - 15.99%.
Maximum Rate: 13.99%
No additional details available.
As low as; Personal Loan
APR* Up To: 18.00%
As Low As; See disclosure section below for details
As Low As
Published APR range: 10.00% - 14.00%. UP TO $10,000.00
No additional details available.
As Low As; Fixed
As low as; MAX. limit <2000$
No additional details available.
As Low As
Rate accurate as of September 14, 2026
No additional details available.
Published APR range: 10.25% - 18.00%. Effective 3/1/2026
Credit Score: 850-750
As Low As
Published rate range: 10.45% to 18%. Rate: 10.45% to 18%**; Amount: Based on annual income*
Credit Score: 850-750; $5,000+
As low as APR*
As Low As
Term: One, two, three, or four year payback; Published rate range: 10.5% to 18%. Maximum three times monthly salary amounts in excess of $4000.00 must meet loan guidelines
No additional details available.
Rate accurate as of September 14, 2026
Rates as low as 10.74%
No additional details available.
Credit Score: 749-700
As Low As
Max $50,000
Additional APR listed for this product: 18.00%. Rates range from as low as 10.95% to 18%.
No additional details available.
No additional details available.
Max $50,000
As low as; Personal Loan
Signature Loans APR*
Maximum Amount $6,000.00 above the amount of shares pledged on the loan ($4,000.00 min $6,000.00 max)
Longer Terms Available.
As low as 10.99% APR
No additional details available.
No additional details available.
Published APR range: 11.00% to 18.00%.
As Low As
Credit Score: 749-700; $5,000+
Rate accurate as of September 14, 2026
Term: 6 months up to 48 months; Rate is based on credit performance, loan term, and PFCU discounts.; .25% Deduction with new checking account with Direct Deposit
Credit Score: 699-650
Variable
No additional details available.
Credit Score: 699-650; $5,000+
As low as APR*
As low as
No additional details available.
No additional details available.
As low as; Personal Loan
As Low As; New money only. NCUA insured.
As Low As; New money only. Eligibility required. NCUA insured. Maximum of $10,000.00.
As Low As
Rate accurate as of September 14, 2026
No additional details available.
Published APR range: 12.25% - 18.00%.
Published APR range: 12.35% - 18.00%.
As low as; Fixed
As Low As;
No additional details available.
No additional details available.
Credit Rating: A+
Published APR range: 12.90%-17.90%. Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
As Low As; **
No additional details available.
No additional details available.
Published APR range: 12.99% to 17.99%.
APR* as low as 13.00%
As low as
As low as
As Low As
Published APR range: 13% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Credit Rating: A
As low as; Fixed
As Low As; Starting at
No additional details available.
As Low As
UP TO $1,000.00
As low as; MAX. limit @ $2001 to $5000
As Low As
UP TO $5000
Credit Rating: B, C
Credit Score: 649-600
Min $500 up to Max $1,600
No additional details available.
No additional details available.
Credit Score: 599-500
No additional details available.
No additional details available.
Optional overdraft protection with Share Draft checking.
No additional details available.
No additional details available.
Tennessee Personal Loan Rates
As Low As
As low as
Published APR range: 8.65% - 14.65%.
As low as
As Low As; Rates as of 4/2/2026. $100 loan application fee applies. All rates are based on an evaluation of the member's individual credit history and value of collateral. Your actual rate may vary. All rates and terms are subject to conditions and certain restrictions may apply. Rates are subject to change at any time.
As low as; Rates effective as of 03/31/2026
As low as; Rates are based on credit history, terms of loan, payment type, and other potential conditions.
Rate accurate as of September 14, 2026
As Low As
As low as; Personal Loan
As Low As; See disclosure section below for details
As Low As
As Low As; Fixed
As Low As
Rate accurate as of September 14, 2026
No additional details available.
As Low As
As Low As
No additional details available.
Rate accurate as of September 14, 2026
As Low As
As low as; Personal Loan
Rate accurate as of September 14, 2026
As low as; Personal Loan
Rate accurate as of September 14, 2026
No additional details available.
Published APR range: 12.35% - 18.00%.
As low as; Fixed
No additional details available.
Credit Rating: A+
Published APR range: 12.90%-17.90%. Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
As Low As; **
APR* as low as 13.00%
Credit Rating: A
As Low As; Starting at
Credit Rating: B, C
No additional details available.
Optional overdraft protection with Share Draft checking.
Tennessee Debt Consolidation Loan Rates
Promotional rate available from September 1 to December 31, 2026. Limit one Debt Consolidation Loan per member. Any existing Debt Consolidation Loan must be paid in full through the refinance. Automatic payments and direct deposit into an IFCU checking account are required.
No additional details available.
As low as; *
$26,000; As low as
No additional details available.
minimum $7,500 - maximum $35,000
As Low As
Tennessee Signature Loan Rates
See Loan Rates
Published APR range: 7.50% - 18.00%.
As low as APR*
No additional details available.
As Low As
The rate show is the lowest available rate. Your rate may be higher depending on your credit score.
No additional details available.
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
As low as APR*
No additional details available.
As low as
As low as; *
No additional details available.
No additional details available.
No additional details available.
Published APR range: 9.25% - 17.95%. Loan Type: Signature
As low as APR*
Published APR range: 9.50% - 18.00%. Balance: Up to $5,000
As low as
No additional details available.
Term: term given upon credit union approval; Published APR range: 9.9% - 18.0%.
No additional details available.
Published APR range: 9.99% - 15.99%.
Maximum Rate: 13.99%
No additional details available.
APR* Up To: 18.00%
Published APR range: 10.00% - 14.00%. UP TO $10,000.00
No additional details available.
Published APR range: 10.25% - 18.00%. Effective 3/1/2026
Credit Score: 850-750
Published rate range: 10.45% to 18%. Rate: 10.45% to 18%**; Amount: Based on annual income*
Credit Score: 850-750; $5,000+
As low as APR*
Term: One, two, three, or four year payback; Published rate range: 10.5% to 18%. Maximum three times monthly salary amounts in excess of $4000.00 must meet loan guidelines
No additional details available.
Credit Score: 749-700
Max $50,000
Additional APR listed for this product: 18.00%. Rates range from as low as 10.95% to 18%.
No additional details available.
Max $50,000
Signature Loans APR*
Maximum Amount $6,000.00 above the amount of shares pledged on the loan ($4,000.00 min $6,000.00 max)
Longer Terms Available.
As low as 10.99% APR
No additional details available.
No additional details available.
As Low As
Credit Score: 749-700; $5,000+
Term: 6 months up to 48 months; Rate is based on credit performance, loan term, and PFCU discounts.; .25% Deduction with new checking account with Direct Deposit
Credit Score: 699-650
Variable
No additional details available.
Credit Score: 699-650; $5,000+
As low as APR*
As low as
As Low As; New money only. NCUA insured.
As Low As; New money only. Eligibility required. NCUA insured. Maximum of $10,000.00.
As Low As
Published APR range: 12.25% - 18.00%.
As Low As;
No additional details available.
Published APR range: 12.90%-17.90%. Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
No additional details available.
Published APR range: 12.99% to 17.99%.
As low as
As low as
As Low As
Published APR range: 13% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As low as; Fixed
No additional details available.
As Low As
UP TO $1,000.00
As Low As
UP TO $5000
Credit Score: 649-600
Credit Score: 599-500
No additional details available.
No additional details available.
Tennessee Personal Loan Rate Trends
Compare local Tennessee personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Tennessee personal loan rates rose 0.531 points over the past 7 days to 11.413% APR.
Tennessee signature loan rates fell 0.255 points over the past 7 days to 11.604% APR.
Tennessee Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Tennessee figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current TN average personal loan APR of 11.41%, across the terms lenders serving Tennessee most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $234.00/mo | $164.67/mo | $130.23/mo | $109.74/mo |
| $10,000 | $468.00/mo | $329.35/mo | $260.47/mo | $219.49/mo |
| $15,000 | $702.00/mo | $494.02/mo | $390.70/mo | $329.23/mo |
| $25,000 | $1,170.00/mo | $823.37/mo | $651.16/mo | $548.72/mo |
| $35,000 | $1,637.99/mo | $1,152.71/mo | $911.63/mo | $768.21/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Tennessee
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the TN personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (TN average) | 11.41% | $390.70 | $3,754 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,396 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $3,931 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,523 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Tennessee
Prequalify With a Soft Credit Check
Most lenders serving Tennessee will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Tennessee data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Tennessee auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Tennessee high-yield savings account costs nothing and earns interest instead of paying it
Tennessee Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $391 monthly loan payment is roughly 11.1% of the median individual income in Tennessee. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Tennessee.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1–3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3–5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current TN average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Tennessee personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Tennessee directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Tennessee. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in TN.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Tennessee?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Tennessee?
Are credit unions or banks better for personal loans in Tennessee?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
What are the best personal loan rates in Tennessee?
- FedTrust Federal Credit Union: 5.00% (Share Secured Credit Builder Loan)
- City Employees Credit Union: 7.00% (Signature Loan)
- Hope Federal Credit Union Jackson, MS: 7.50% (Unsecured / Signature Loan)
- Chattanooga Federal Employees Credit Union: 7.50% (Personal/Signature Loans)
- MPD Community Credit Union: 7.50% (Personal Loans)
