- Payday loans in Spring 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 Cleveland, about 35 miles away.
Spring at a glance
| Spring | |
|---|---|
| Population (2024 Census estimate) | 1,996 |
| Change since 2020 | +2.7% (growing) |
| County | Rhea County |
| Size rank among 326 Tennessee places we cover | 173rd |
| Nearest larger city | Cleveland (about 35 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 12 (about 67,138 residents) |
| Typical payday APR statewide (CRL 2023) | 460% |
Payday lending in Spring follows Tennessee state law. Lenders that serve Spring, in a store or online, must be licensed by the Tennessee Department of Financial Institutions.
Credit unions near Spring
NCUA data (June 2026) shows no credit union headquartered in Spring or Rhea County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
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.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
Payday loan rules that apply in Spring
The main Tennessee rules for a payday loan in Spring: 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 Spring
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 Rhea County before you borrow
- Call or text 211 for help with rent, utilities and food in Rhea 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 Spring
- Decatur · 12 mi
- Crab Orchard · 15 mi
- Dayton · 15 mi
- Rockwood · 17 mi
- Pikeville · 19 mi
- Graysville · 20 mi
The nearest larger city is Cleveland, about 35 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 Spring?
Yes. Payday loans are legal in Spring under Tennessee state law, and lenders must be licensed by the Tennessee Department of Financial Institutions.
How much does a payday loan cost in Spring?
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 Spring?
NCUA data shows no credit union headquartered in Spring or its county. Use the NCUA credit union locator to find branches and online credit unions.
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