Chapel Hill at a glance
- Population: about 1,854, 181st by size in Tennessee of 344 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,719 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 7.9% growth over the 2020 Census base (US Census Bureau).
- Rank among Tennessee places: 181st by size among 344 communities (US Census Bureau).
- Size percentile: roughly 47% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.6280, -86.6969.
- Nearest larger cities within 120 miles: Lewisburg, TN (13 mi); Spring Hill, TN (15 mi); Shelbyville, TN (16 mi); Thompson's Station, TN (17 mi); Columbia, TN (20 mi) (US Census Bureau).
- Smaller places close by: Eagleville, TN (8 mi); Bell Buckle, TN (19 mi); Cornersville, TN (20 mi) (US Census Bureau).
What a personal loan costs in Chapel Hill
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Tennessee lending rules that apply in Chapel Hill
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Chapel Hill
Here is a short checklist for comparing personal loans in Chapel Hill:
- 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.