Primo Personal Loans

Get The Funds You Need

Get Your Funds in No Time with Primo Personal Loans

How Much Do You Need?

Express Loan – Get a Free Quote

100% Secure

SSL Security

TSL Security

Home > Tennessee > Memphis

Personal Loans in Memphis, 38104

We're on your side

free of charge service

We offer

Free of Charge Service

Simple Online Loan Request Form

Personal privacy

An extensive network of trusted lenders

Lenders offer

Instant Lending Decision

Fast Approval Process

Free Quote

Same Day Funding (if certain requirements are met)

3 Easy Steps To Get Personal Loan in Memphis


Get Started

Complete the online inquiry form to immediately get in touch with trusted third-party lenders in our network.


Get an Offer

Based on your financial needs, the lender will make you an offer for a fast personal loan.


Get Your Cash

After you sign the loan agreement, you can usually have the money the next working day.

Our Benefits

A loan gives you the money you need upfront and lets you spread the cost of paying it back


Higher Borrowing Limit

No Collateral Required

Fixed Repayment Schedule

Fixed interest rates

Any Purpose Loans

agree on payment terms


Proof of identity

Proof of address

Proof of income

Social security number


Fill In The Online Inquiry Form

Get Connected By A Trusted Third-Party Lender

Review The Loan Offer

Sign The Contract

Get The Money

What are Personal Loans in Memphis, Tennessee?

Personal loans in Memphis offer a flexible financial solution for a myriad of needs. With a thorough understanding and a systematic approach, securing the best personal loan becomes an achievable task. Always prioritize research and ensure you’re getting terms that fit your financial situation.

How Do They Work?

Personal loans are unsecured loans which means that they don’t require any collateral. They are typically repaid in fixed monthly payments over a specified term. Interest rates can vary significantly depending on a variety of factors including your credit history.

How Much Money Can You Get?

In Memphis, loan amounts can differ based on the lender, but they typically range from a few hundred to several thousands of dollars.

Typical APRs

The Annual Percentage Rate (APR) is a reflection of the total cost of the loan, including interest and fees. While the national average APR for personal loans hovers around 10-28%, the exact rate in Memphis might vary based on the loan amount, term, creditworthiness, and lender policies.

Uses for Personal Loans

Personal loans in Memphis are versatile and can be used for a variety of reasons, such as:

  • Debt consolidation
  • Home renovations
  • Medical expenses
  • Unexpected emergencies
  • Vacation or wedding expenses

Repayment Schedule

Most personal loans have a fixed repayment schedule ranging between 12 months to 5 years or more. However, the exact term would depend on your agreement with the lender.

Alternatives to Personal Loans

While personal loans can be a great option, alternatives include credit card advances, home equity loans, or payday loans. Each comes with its pros and cons and should be chosen based on the borrower’s individual circumstances.

Personal Loan Requirements

Required Documents

To start the loan process, lenders typically require:

  • Proof of identity (passport, driver’s license)
  • Proof of income (pay stubs, tax returns)
  • Proof of residence (utility bills, lease agreement)

Credit Score

While some lenders might offer personal loans to borrowers with poor credit, having a good credit history can secure more favorable terms and lower interest rates.


Consistent income is pivotal, as it reassures the lender of your capability to repay the loan. The exact income requirement varies among lenders.

Bank Account and Employment Details

Lenders might also require information about your bank account and current employment to ensure financial stability.

Online Personal Loans in Memphis, Tennessee

Personal Loans in Memphis, TN

Finding a Trusted Online Lender

Online lenders offer the convenience of applying for personal loans from the comfort of your home. Platforms like Primo Personal Loans serve as intermediaries, connecting borrowers to reliable third-party lenders.

The Process of Online Personal Loans

To start the loan process online, fill out the inquiry form, and once submitted, prospective lenders will assess your information and offer terms if they find you eligible.

Difference Between Online and Local Store Lenders

While online lenders provide convenience and a wide range of options, local lenders offer a personal touch and face-to-face consultations. Depending on your preference, either option can be viable.

Personal Loans Near Me in Memphis, Tennessee

Finding the Best Personal Loan

A quick Google search with the phrase “personal loans in Memphis, Tennessee” can yield numerous results. Look for lenders with high ratings, positive reviews, and testimonials.

Choosing Online Personal Loans

If you’re considering online lenders, ensure their website is secure, especially when submitting sensitive information. Always read reviews and maybe even check with the Better Business Bureau for credibility.

How to Find the Best Lender in Memphis

When considering a personal loan, whether it’s for debt consolidation, unexpected expenses, or any other financial needs, choosing the right lender is crucial. Memphis, with its thriving community, has a range of local and online lenders available to residents. But with so many options, how do you identify the best one? Here’s a comprehensive guide to finding the best lender in Memphis.

1. Understand Your Needs

Before diving into the search, determine:

  • The loan amount you need
  • The purpose of the loan
  • The duration that suits your repayment capability
  • Whether you prefer a local touch or the convenience of online borrowing

2. Check Credit Requirements

Different lenders cater to various credit profiles:

  • Prime Lenders: Cater to borrowers with excellent credit scores, offering the best rates.
  • Subprime Lenders: Aimed at individuals with less-than-perfect credit, but interest rates might be higher.
  • Credit Unions: These member-owned institutions often have favorable rates and might be more understanding if your credit is borderline.

3. Compare Interest Rates

While rates are essential, remember to compare them in context. Factors such as loan duration, amount, and your creditworthiness can affect the rates you’re offered.

4. Evaluate Fees and Penalties

Apart from the interest rates, it’s crucial to consider:

  • Origination fees
  • Late payment penalties
  • Prepayment penalties
  • Annual fees

These can significantly influence the total cost of the loan.

5. Read Reviews and Testimonials

In the age of digital information, reviews and testimonials provide insight into the lender’s reputation and customer service quality. Look for patterns in reviews. If many customers are voicing the same concerns, take them into account.

6. Consider the Loan Terms

A lender might offer an attractive interest rate but have a shorter loan term, leading to higher monthly payments. Ensure the terms align with your financial capacity.

7. Evaluate Customer Service

Whether it’s an online platform or a brick-and-mortar establishment, efficient and courteous customer service is a sign of a lender’s overall approach. They should be responsive, answer queries, and guide you through the loan process.

8. Ask About Loan Disbursement Time

If you have an urgent need, like a medical emergency or a payment deadline, the speed of loan disbursement becomes critical. While online lenders often process and disburse loans faster, traditional banks might take longer due to more extensive bureaucratic processes.

9. Transparency is Key

Reputable lenders clearly outline their terms, conditions, and fees. There shouldn’t be any hidden clauses that can catch you off-guard later.

10. Avoid Too-Good-to-Be-True Offers

Beware of lenders offering incredibly low-interest rates or too much flexibility without clear terms. If something seems too good to be true, it often is.

11. Consult Financial Advisors or Local Experts

If you’re unsure, consulting a financial advisor or local expert in Memphis can provide valuable insights. They might be aware of specific lenders that cater to your needs and have a solid reputation in the community.

12. Verify Licensing

Ensure that the lender is licensed to operate in Tennessee. Unlicensed lenders might not adhere to state regulations, leaving borrowers vulnerable.

In Conclusion

Finding the best lender in Memphis is a balance of research, understanding your needs, and being cautious of red flags. Memphis has a plethora of lending options, and by adhering to the guidelines above, residents can navigate the lending landscape effectively, securing a loan that aligns with their financial situation.

Personal Loans vs. Other Types of Loans

Type of LoanInterest RateLoan AmountDurationUsage
Personal LoanVariable$1,000-$50,0001-7 yearsMulti-purpose
Payday LoanHigh$100-$1,0002-4 weeksShort-term financial needs
Home Equity LoanLower than personal loansVariable based on equity5-30 yearsHome-related expenses
Credit Card AdvanceHighVariableOpen-endedShort-term financial needs


Can I get a personal loan in Memphis even if I have bad credit?

Yes, some lenders offer personal loans to those with poor credit, but the interest rates might be higher.

How fast can I get my funds after loan approval?

It varies by lender, but many online lenders can disburse funds within one to two business days.

What happens if I miss a monthly payment?

Missing a payment can result in late fees, a dip in your credit score, and higher interest in the long run.

Are there any upfront fees when taking out a personal loan?

Some lenders might charge origination fees, while others don’t. Always check the terms before starting the loan process.

Can I use a personal loan for business expenses?

Yes, personal loans are versatile, and you can use them for business needs or any other expenses.

How does debt consolidation with a personal loan work?

Debt consolidation involves taking out one large loan to pay off multiple smaller debts, allowing you to have just one monthly payment, often at a lower interest rate.

Do online lenders offer the same interest rates as traditional banks?

Interest rates can vary significantly between online lenders and traditional banks. Online lenders might offer competitive rates, especially for those with good credit.

Fast Process

When you need money urgently, fill in the online request form and you won't believe how fast you can get the loan approved.


1416 Union Ave STE 1103, Memphis, TN, 38104

Open hours

Mon – Fri:

9am – 7pm


10am – 4pm



Phone number

(901) 459-5824

Near Locations


707 S Church St UNIT 4, Murfreesboro, TN 37130


802 Market St STE 204, Chattanooga, TN 37402


1801 Veterans Blvd STE 205, Metairie, LA 70005
Apply Now
Skip to content