Arlington at a glance
- Population: about 15,305, 40th by size in Tennessee of 344 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 14,832 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 3.2% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 40th out of 344 Census places (US Census Bureau).
- Size percentile: about 88% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: 35.2525, -89.6611 (US Census Bureau Gazetteer).
- Nearest larger cities: Bartlett, TN (9 mi); Germantown, TN (14 mi); Collierville, TN (14 mi); Memphis, TN (20 mi); Olive Branch, MS (23 mi); US Census Bureau population estimates.
- Nearest smaller towns: Lakeland, TN (4 mi); Gallaway, TN (6 mi); Oakland, TN (7 mi) — US Census Bureau populations.
What a personal loan costs in Arlington
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Tennessee lending rules that apply in Arlington
The table carries the Tennessee rate and licensing rules that apply to consumer loans made in Arlington.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Arlington
The steps below are worth completing first when you borrow in Arlington:
- 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.