TENNESSEE LOAN FEES AND STRUCTURE
Loan Size: $100 – $2,000
Loan Term: 3 months to 25 months
No Interest is charged: 0% interest rate
The state authorizes loan charges instead, as follows:
Acquisition Charge: 10% of the loan amount
Closing Fee: up to 4% of the amount financed but may not exceed $50
Installment Account Handling Fee: monthly fee based on loan amount
If you have questions or concerns regarding any loan product offered on this website, please contact the SET Financial Customer Support Team by phone at (800) 803-2510, Monday – Friday, 9 AM – 8 PM. and Saturday between 10 a.m. – 2:00 p.m. Eastern Standard Time, or by sending an email to: cs@setfinancial.com
| Cash To Borrower | Acquisition Charge | Installment Handling Fee | Closing Fee |
|---|---|---|---|
| $100 – $300 | 10% | $12 per month | 4% |
| $300 – $400 | 10% | $14 per month | 4% |
| $401 – $500 | 10% | $16 per month | 4% |
| $501 – $1,000 | 10% | $20 per month | 4% |
| $1,001 – $1,250 | 10% | $23 per month | 4% |
| $1,251 – $1,500 | 10% | $26 per month | $50 |
| $1,501 – $1,750 | 10% | $29 per month | $50 |
| $1,751 – $2,000 | 10% |
$32 per month |
$50 |
