- Payday loans in Murfreesboro follow Tennessee law (Deferred Presentment Services Act (TCA Title 45, Chapter 17)).
- Borrowing $300 at the state maximum costs 15% of the check amount.
- The nearest larger city is Nashville, about 30 miles away.
Murfreesboro at a glance
| Murfreesboro | |
|---|---|
| Population (2024 Census estimate) | 168,387 |
| Change since 2020 | +9.5% (growing fast) |
| County | Rutherford County |
| Size rank among 326 Tennessee places we cover | 6th |
| Share of Tennessee’s population | 2.3% |
| Nearest larger city | Nashville (about 30 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Rutherford County | 1 |
| Other towns within 25 miles | 15 (about 382,280 residents) |
| Typical payday APR statewide (CRL 2023) | 460% |
Payday lending in Murfreesboro follows Tennessee state law. Lenders that serve Murfreesboro, in a store or online, must be licensed by the Tennessee Department of Financial Institutions.
Credit unions near Murfreesboro
No credit union has its main office in Murfreesboro, but these are based elsewhere in Rutherford County (NCUA, June 2026):
- Veritas Federal Credit Union in Smyrna (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
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Payday loan rules that apply in Murfreesboro
| Rule | Tennessee |
|---|---|
| Maximum | $500 in total outstanding checks |
| Maximum fee | 15% of the face amount of the check |
| Loan term | Up to 31 days |
| Checks at once | No more than two per lender |
What a $300 loan costs in Murfreesboro
At Tennessee’s maximum fee, borrowing $300 costs 15% of the check amount. Statewide, the typical APR on a $400 payday loan was 460% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Rutherford County before you borrow
- Call or text 211 for help with rent, utilities and food in Rutherford County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Murfreesboro
- Smyrna · 10 mi
- La Vergne · 14 mi
- Eagleville · 15 mi
- Nolensville · 16 mi
- Bell Buckle · 19 mi
- Auburntown · 20 mi
The nearest larger city is Nashville, about 30 miles away. See all 326 Tennessee cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Murfreesboro?
Yes. Payday loans are legal in Murfreesboro under Tennessee state law, and lenders must be licensed by the Tennessee Department of Financial Institutions.
How much does a payday loan cost in Murfreesboro?
At Tennessee’s maximum fee, borrowing $300 costs 15% of the check amount. The typical statewide APR was 460% in 2023.
Where is the nearest credit union to Murfreesboro?
No credit union is headquartered in Murfreesboro, but Veritas Federal Credit Union is based in Smyrna, also in Rutherford County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Tennessee — Consumer notice, Deferred Presentment Services Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary