Decaturville at a glance
- Population: the Census estimates 805 residents, ranking 253rd of 344 places in Tennessee (Vintage 2023).
- 2020 Census base: 804 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up about 0.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 253rd of the state's 344 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 26% of Tennessee's Census places by population (US Census Bureau).
- Coordinates: 35.5819 / -88.1195, per the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Parsons, TN (5 mi); Scotts Hill, TN (9 mi); Lexington, TN (15 mi); Linden, TN (16 mi); Clifton, TN (16 mi) (US Census Bureau).
- Nearest smaller towns: Sardis, TN (14 mi); Saltillo, TN (16 mi); Milledgeville, TN (20 mi) (US Census Bureau).
What a personal loan costs in Decaturville
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Tennessee lending rules that apply in Decaturville
Read the table as the compliance picture for a lender serving Decaturville: label, sourced figure, publisher and date.
| 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 Decaturville
These steps are the ones that most affect the offer you receive in Decaturville:
- 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.