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NiceLoans! in Memphis, TN

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NiceLoans! is a Tennessee storefront lender offering payday and personal loans up to $2,000 across 4 locations, with service estimates in under 20 minutes.

Data compiled from public sources

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NiceLoans! Review

NiceLoans! is a consumer lending company headquartered at 138 Madison Avenue in Memphis, Tennessee, with four physical store locations across the state. The company has been in operation for over 10 years, establishing itself as a neighborhood-focused lender for Tennessee residents who need fast access to short-term cash. As a storefront-only lender, NiceLoans! targets borrowers who prefer face-to-face service and direct interaction with loan professionals rather than an online application process.

NiceLoans! specializes in payday loans and personal loans with amounts up to $2,000. The application is handled entirely in person at one of their four Tennessee branches. The company commits to providing service estimates within 20 minutes of a visit, and same-day service claims to verify estimates are available for qualifying applicants. Flexible payment options are offered, and loan professionals at each location are available to walk borrowers through the application requirements, explain terms, and answer questions before any agreement is signed.

The company differentiates itself through its emphasis on transparency and customer service. NiceLoans! explicitly states that its goal is to ensure 'everything is thoroughly explained' to every borrower — a meaningful claim in a lending category where terms are often buried in fine print. The 20-minute service estimate benchmark is a specific, published commitment uncommon among payday lenders. With over a decade of operating history in Tennessee, the company has built a local reputation in the Memphis market and surrounding areas. The multi-branch footprint gives residents in different parts of the state a nearby physical option.

For borrowers who qualify and live near a branch, NiceLoans! offers a fast and accessible path to small-dollar loans. However, the company does not publish interest rates or APRs on its website, which is a significant transparency gap — payday and short-term personal loans in this category typically carry very high annualized rates. The loan cap of $2,000 limits the product for anyone needing more substantial funds. Geographic availability is strictly limited to Tennessee, and with only four locations, access is concentrated. Borrowers should always ask for the full APR, total repayment amount, and payment schedule before accepting any loan.

Services & Features

Flexible loan repayment options
In-person loan professional consultations
In-store loan applications
Multi-location branch network (4 Tennessee stores)
Payday loans
Personal loans up to $2,000
Rates and terms information by location
Same-day service estimates
Service estimates within 20 minutes
Store locator tool

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Four physical store locations across Tennessee for in-person access
  • Service estimates delivered within 20 minutes of visiting a branch
  • Over 10 years of operating experience in Tennessee
  • Flexible payment options available on loans
  • Loan professionals on-site at every location to answer questions
  • Stated commitment to explaining all terms before loan is issued
  • same-day service claims to verify claims to verify estimates for qualifying applicants

Cons

  • APRs and interest rates are not disclosed anywhere on the website
  • Available only in Tennessee with just 4 store locations — no online application
  • Maximum loan amount of $2,000 limits utility for larger financial needs
  • Payday loan products in this category typically carry very high annualized rates
  • No information on credit score requirements or eligibility criteria published

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State Consumer Finance Context

This is state-level context for Emergency Cash consumers in Memphis, TN. It does not confirm that NiceLoans! or this specific location is licensed.

State regulator

Tennessee Department of Financial Institutions

Consumer protection

Tennessee Attorney General Consumer Protection Division

Payday loan rules in Tennessee

Status: Permitted

Rate context: Maximum fee of 15% of the advance amount

Amount context: $500

Term context: 31 days

Regulated under Tennessee Deferred Presentment Act (Tenn. Code Ann. § 45-17-101 et seq.). Borrowers limited to two outstanding payday loans at any time. Lenders must be licensed with Tennessee Department of Financial Institutions. No statewide database system currently in place.

Installment loan rules in Tennessee

Status: Permitted

Rate context: 24% APR for consumer finance installment loans; rates may vary for other installment loans

Governed by Tennessee Consumer Finance Act (Tenn. Code Ann. § 45-1-201 et seq.). Lenders must disclose all terms including finance charges, payment schedule, and total amount financed.

Key state rules to check

  • Payday loans (deferred presentment) capped at $500 with maximum fee of 15% of the advance.
  • Maximum loan term is 31 days.
  • Borrowers limited to two outstanding payday loans at a time.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does NiceLoans! offer?

NiceLoans! offers 10 services including Payday loans, Personal loans up to $2,000, In-store loan applications, Same-day service estimates, Flexible loan repayment options, and 5 more.

What profile signals are listed for NiceLoans!?

NiceLoans! has profile signals associated with Tennessee residents living near one of the four branch locations, Borrowers who prefer in-person service and face-to-face explanation of loan terms, People needing fast access to $500–$2,000 with same-day estimates, Borrowers who are uncomfortable with fully online lending processes.

What are the strengths and weaknesses of NiceLoans!?

Key strengths: Four physical store locations across Tennessee for in-person access; Service estimates delivered within 20 minutes of visiting a branch; Over 10 years of operating experience in Tennessee. Areas to consider: APRs and interest rates are not disclosed anywhere on the website; Available only in Tennessee with just 4 store locations — no online application.

How does NiceLoans! compare to similar companies?

In the Emergency Cash category, comparable providers include Columbia Check Advance & Auto Titles, E Z Cash, Murfreesboro Fast Cash - Payday Loans, Title Loans, Cash Advances, and Check Advances. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
5281 Winchester Rd, Memphis, TN 38118
BBB Accredited
No
Visit NiceLoans!

CreditDoc Profile Note

Research Note on NiceLoans!

NiceLoans! is best suited for Tennessee residents near a Memphis-area branch who need fast small-dollar cash and prefer dealing with a human loan officer rather than an online lender. The main caveat is that APRs are not disclosed on the website, which is a red flag in this lending category — borrowers should ask for the full cost of borrowing in writing before accepting any offer.

Profile Signals

  • Tennessee residents living near one of the four branch locations
  • Borrowers who prefer in-person service and face-to-face explanation of loan terms
  • People needing fast access to $500–$2,000 with same-day estimates
  • Borrowers who are uncomfortable with fully online lending processes
Updated 2026-05-08

Similar Companies

Columbia Check Advance & Auto Titles logo

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BBB: NR

Profile signals: Vehicle owners needing $1,000-$2,500 in emergency cash who qualify for title loans, Employed individuals with checking accounts facing short-term cash access shortages (payday loans)

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E Z Cash logo

E Z Cash

E-Z Cash offers payday loans (up to $425) and title loans (up to $2,500) with fast funding at physical locations across Tennessee, Mississippi, and Louisiana.

BBB: NR

Profile signals: Workers facing genuine one-time emergencies with no other credit access who can repay in 14 days, Vehicle owners needing $500–$2,500 quickly with title loan as collateral alternative

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Murfreesboro Fast Cash - Payday Loans, Title Loans, Cash Advances, and Check Advances logo

Murfreesboro Fast Cash - Payday Loans, Title Loans, Cash Advances, and Check Advances

Review this provider profile and compare source-linked details before choosing what to do next.

BBB: NR

Profile signals: Consumers in Murfreesboro area seeking emergency cash who can visit in-person, Those willing to contact via phone to verify current operations before applying

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Compare Your Needs With NiceLoans!

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Quick Summary

  • NiceLoans! is listed as a Emergency Cash provider in Memphis, TN on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (10 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Compound Interest

Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.

Why it matters

Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.

Example

You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.

MAPR — Military Annual Percentage Rate

A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.

Why it matters

The Military Lending Act protects active-duty servicemembers and their families from high-cost lending. Any lender charging above 36% MAPR to military is breaking federal law.

Example

A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.

Usury Rate — Usury Rate (Interest Rate Cap)

The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.

Why it matters

Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.

Example

New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.

How Loans Work

Collateral — Loan Collateral

An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.

Why it matters

Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.

Example

A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.

Fees & Costs

Late Fee — Late Payment Fee

A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.

Why it matters

The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.

Example

Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.

NSF Fee — Non-Sufficient Funds Fee

A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'

Why it matters

NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.

Example

Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.

Legal Terms

Usury — Usury (Illegal Interest)

The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.

Why it matters

If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.

Example

Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you may only be required to repay the principal — no interest or fees.

Credit Cards

Cash Advance — Credit Card Cash Advance

Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.

Why it matters

Cash advances are a repeat-borrowing risk: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.

Example

You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

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