- Payday loans in Soddy-Daisy 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 Chattanooga, about 14 miles away.
Soddy-Daisy at a glance
| Soddy-Daisy | |
|---|---|
| Population (2024 Census estimate) | 13,430 |
| Change since 2020 | +2.9% (growing) |
| County | Hamilton County |
| Size rank among 326 Tennessee places we cover | 50th |
| Nearest larger city | Chattanooga (about 14 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Hamilton County | 14 |
| Other towns within 25 miles | 19 (about 324,669 residents) |
| Typical payday APR statewide (CRL 2023) | 460% |
Payday lending in Soddy-Daisy follows Tennessee state law. Lenders that serve Soddy-Daisy, in a store or online, must be licensed by the Tennessee Department of Financial Institutions.
Credit unions near Soddy-Daisy
No credit union has its main office in Soddy-Daisy, but these are based elsewhere in Hamilton County (NCUA, June 2026):
- Comtrust Federal Credit Union in Chattanooga (federal charter — may offer payday alternative loans (PALs))
- Chattanooga Area Schools Federal Credit Union in Chattanooga (federal charter — may offer payday alternative loans (PALs))
- Tennessee Valley Federal Credit Union in Chattanooga (federal charter — may offer payday alternative loans (PALs))
- I B E W 175 Federal Credit Union in Chattanooga (federal charter — may offer payday alternative loans (PALs))
- Chattanooga First Federal Credit Union in Chattanooga (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.
Payday loan rules that apply in Soddy-Daisy
The main Tennessee rules for a payday loan in Soddy-Daisy: maximum: $500 in total outstanding checks; maximum fee: 15% of the face amount of the check; loan term: up to 31 days. See the full Tennessee payday loan rules.
What a $300 loan costs in Soddy-Daisy
The Center for Responsible Lending put the typical APR on a $400 payday loan in Tennessee at 460% (June 2023). For $300 at the state maximum, expect 15% of the check amount. Check any offer with our payday loan calculator.
Other help in Hamilton County before you borrow
- Call or text 211 for help with rent, utilities and food in Hamilton 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 Soddy-Daisy
- Lakesite · 4 mi
- Walden · 10 mi
- Red Bank · 13 mi
- Signal Mountain · 13 mi
- Graysville · 14 mi
- Chattanooga · 14 mi
The nearest larger city is Chattanooga, about 14 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 Soddy-Daisy?
Yes. Payday loans are legal in Soddy-Daisy under Tennessee state law, and lenders must be licensed by the Tennessee Department of Financial Institutions.
How much does a payday loan cost in Soddy-Daisy?
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 Soddy-Daisy?
No credit union is headquartered in Soddy-Daisy, but Comtrust Federal Credit Union is based in Chattanooga, also in Hamilton 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