2025 is here, with prices still rising and the cost of living increasing every day. It can be hard to afford groceries, rent, and gas with inflation increasing prices across the board, let alone afford a financial emergency when it arises. Thankfully, there are emergency cash options available to you to borrow money today to pay for your urgent expenses.

This guide from Tennessee Title Loans, Inc. will explain some of the popular loan options in 2025, including title loans, payday loans, and flex loans. We will explain what each of these loans is, how you can get approved, and what loan fits your financial emergency.

The Most Popular Loans Options In 2025

Tennessee Title Loans, Inc. offers title loans, payday loans, and flex loans that can be approved on the same day. Each one of these loan types comes with its own benefits, and they have different requirements. By understanding each one of these loan types, you will be able to determine which loan type is best for you and your financial situation.

The following are the three most popular loan options in Tennessee in 2025:

1. Title Loans

Title loans are secured loans that let you use your car title as collateral to borrow emergency cash. As a result, you do not need a job, source of income, or checking account to qualify for title loans. Tennessee title loans allow anyone who has fully paid off their car to get approved.

Your vehicle must be fully paid off, and you must have a lien-free car title clear of debts, liens, and judgments to get approved. Borrowers can receive up to $2,500 from a Tennessee title loan, with your loan amount depending on your car’s value. Borrowers can get approved regardless of their credit score and get to keep their cars during title loan repayment.

The following are the required items for title loans:

• A driver’s license or state-issued ID card
• A lien-free car title in your name
• Your vehicle for a quick inspection

2. Payday Loans

Payday loans are short-term, unsecured loans that let you borrow cash from a future paycheck. Rather than providing collateral to secure the loan, you agree to repay the loan with your next paycheck to get quick cash today for a financial emergency.

There is no credit check required; you only need to prove your income to borrow up to $400. Your Tennessee payday loan amount will depend on your income level. We allow those who make more money to qualify for more emergency cash as they can afford repayment. Regardless of what you qualify for, borrowers with proof of income can get approved the same day they apply for speedy cash.

The following are the requirements for payday loans:

• Your most recent pay stub
• A driver’s license or state-issued ID card
• A blank check from an active checking account in your name

3. Flex Loans

The final popular loan in 2025 for emergency cash is a flex loan, otherwise known as a line of credit. They allow you to set your own credit limit of up to $4,000 and continue to borrow money as you need it. As long as you repay the amount you borrow, you can go back and withdraw more money for future financial emergencies.

Tennessee flex loans work like a credit card, allowing you to continue to borrow against your line of credit and repay what you borrow with interest. This type of emergency cash loan is better for a financial emergency you feel may recur, such as large-scale home repairs. Having the credit line open allows you to continue to borrow money as more emergencies arise.

The following are the required items for flex loans in Tennessee:

• Your driver’s license or state-issued ID
• A lien-free car title in your name
• Your vehicle for a quick inspection
• Your most recent pay stub

What Are The Pros And Cons Of Each Emergency Loan?

Title loans allow you to borrow a lot of money in a short amount of time when faced with a financial emergency. Title loans are great for expensive financial emergencies, such as medical bills or auto repairs. However, not everyone has fully paid off their vehicle and may struggle to get approved. Those with an older, damaged vehicle also won’t get approved for a lot of money.

Some of the pros of payday loans include fast loan approval, no collateral or credit check required, and easy repayment. However, this is the lowest-value popular loan option in Tennessee. It can only help those who just need a smaller cash influx.

Borrowers can benefit from flex loans because they can continually borrow money when faced with new financial emergencies. The approval process is easy, and you can open your credit line today for a flexible financing option. Some cons of flex loans include the high interest rates, difficult repayment, and the potential for a large amount of debt.

What Loan Should I Choose For My Financial Emergency?

What emergency loan you should choose depends on what financial emergency you face. Some loan options are better for smaller, shorter-term emergencies, while others can help when faced with more expensive emergencies.

The following are some financial emergencies and which Tennessee loan can help you best:

• Late bills: Missing a rent payment can lead to late fees and possible eviction. This short-term emergency should only require a few hundred dollars, so a payday loan should work well.
• Medical bills: Medical expenses are normally large, especially if you don’t have health coverage to pay for a portion of it. Flex loans can allow you to borrow thousands to pay for medical expenses and continue to borrow if you need to pay for physical therapy, medication, etc.
• Home or auto repairs: these are also large expenses you likely won’t be able to afford with a payday loan. A title loan could give you the cash you need. If you expect further repairs will be needed, a flex loan could help you finance large scale home renovations.
• Unexpected travel costs: When you need to travel for an urgent work or family emergency, the price of plane tickets and hotel rooms can get expensive. A title loan can quickly provide the cash you need to fund your emergency travels.

What Is The Tennessee Loan Approval Process?

Getting approved for speedy cash is easy with Tennessee Title Loans, Inc. Each of the loans we mentioned above has a similar process, allowing for same-day approval. Follow our stress-free approval process to get the urgent cash you need today.

The following are the steps involved in the Tennessee loan process:

• Submit your information through our online contact form
• Speak to a loan representative on the phone about loan terms
• Gather your required items and head to a Tennessee store location nearest to you
• Have your required items verified
• If you’re getting a title loan or flex loan, allow the loan rep to inspect your car
• Sign loan documents to complete the process
• Receive your emergency funds the same day or the next business day

Apply Online Now To Borrow Emergency Funds In Tennessee Today!

If you need fast cash in Tennessee for a financial emergency, Tennessee Title Loans, Inc. can help with our title loans, payday loans, and flex loans. Don’t delay getting the financial help you need! Get qualified for same-day approval regardless of your credit score today; fill out our online form and receive help from our friendly loan agents over the phone and in person.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.