Alcoa at a glance
- Population: a Census-estimated 13,349, placing it 46th among Tennessee's 344 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 10,966 residents here (US Census Bureau).
- 2020 to 2023 change: up about 21.7% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 46th of the state's 344 Census places (US Census Bureau).
- Size percentile: it is larger than about 87% of the places in Tennessee (US Census Bureau).
- Coordinates: 35.8148, -83.9681 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Maryville, TN (5 mi); Knoxville, TN (11 mi); Farragut, TN (13 mi); Oak Ridge, TN (21 mi); Sevierville, TN (22 mi) (US Census Bureau).
- Nearest smaller towns: Rockford, TN (2 mi); Louisville, TN (5 mi); Friendsville, TN (10 mi) (US Census Bureau).
What a personal loan costs in Alcoa
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Tennessee lending rules that apply in Alcoa
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Alcoa.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Licensed; deferred presentment services (payday) lenders must obtain a TDFI license, including internet lenders (Tenn. Code Ann. § 45-17-103) Source says: deferred presentment services in this state through the use of the internet, facsimile, telephone, or other means without having first obtained a license | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | TDFI Compliance Division licenses industrial loan & thrift companies, deferred presentment companies, flexible credit companies, and other consumer lenders Source says: The Compliance Division is responsible for the licensing and regulatory supervision of the following types of financial institutions operating in Tennessee | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| State lending regulator | Tennessee Department of Financial Institutions (TDFI) Source says: The Department regulates banks, credit unions, trust companies, business and industrial development corporations, industrial loan and thrift companies | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10.75% per annum (maximum effective formula rate for written contracts, announced September 15, 2026) Source says: the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
How to compare offers in Alcoa
Before you share your details with a lender in Alcoa:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Tennessee using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.