Why Borrow From Us?
Everyone faces unexpected expenses from time to time. Don't let a lack of savings put you further in the hole by taking out a high-cost payday or auto title loan. If your employer is enrolled in the Community Loan Center (CLC) of Middle Tennessee program, you can quickly access a loan of up to $1,000 to cover anything that comes up, with no collateral or credit checks required.
If your employer isn't enrolled yet, let them know about the CLC of Middle Tennessee-- there's no cost to offer this great benefit to employees!
Payday/Auto Title Lenders
Community Loan Center
WE SAVE YOU HUNDREDS OF DOLLARS
For a $1000 loan due in 1 month, the average payday lender charges $775 in fees. We charge only $120 in fees - and we let you repay the loan over 12 months.
YOU SAVE OVER $600 & YOU HAVE 11 MORE MONTHS TO REPAY THE LOAN.
How it Works
Pending employment verification and your signature, your loan will be deposited into your checking account in 2 business days
Loans are deducted and paid through your paycheck.
Terms and Advantages
Loans from $400 to $1000
Payback period is 12 months
18% interest; $20 administrative fee
No credit history or collateral needed
No repayment penalties
Free financial counseling available
Minimum 18 years of age
Must have worked at a participating employer for a determined amount of time
Must have a checking account
Provide driver license or passport numbers
Provide Social Security Number
Use this form to contact a CLC of Middle Tennessee representative for answers to our most frequently asked questions and loan requests.