Bolivar at a glance
- Population: a Census-estimated 5,136, placing it 103rd among Tennessee's 344 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 5,199 (US Census Bureau).
- 2020 to 2023 change: down roughly 1.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 103rd of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 70% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: latitude 35.2640, longitude -89.0119 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Henderson, TN (24 mi); Brownsville, TN (26 mi); Jackson, TN (29 mi); Oakland, TN (30 mi); Corinth, MS (36 mi) (US Census Bureau).
- Nearest smaller towns: Toone, TN (7 mi); Whiteville, TN (9 mi); Hickory Valley, TN (10 mi) — US Census Bureau populations.
What a personal loan costs in Bolivar
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 is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Tennessee lending rules that apply in Bolivar
The table carries the Tennessee rate and licensing rules that apply to consumer loans made in Bolivar.
| 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 Bolivar
Before you share your details with a lender in Bolivar:
- 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.