Dyer at a glance
- Population: 2,321, the 153rd-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,306 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 0.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 153rd largest of 344 (US Census Bureau).
- Size percentile: about 56% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: latitude 36.0716, longitude -88.9939 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Trenton, TN (7 mi); Newbern, TN (16 mi); Milan, TN (17 mi); Humboldt, TN (18 mi); Martin, TN (20 mi) (US Census Bureau populations).
- Nearest smaller communities: Rutherford, TN (3 mi); Yorkville, TN (7 mi); Kenton, TN (9 mi) (Census populations).
What a personal loan costs in Dyer
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Tennessee lending rules that apply in Dyer
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| 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 Dyer
A few practical steps will make the process in Dyer less costly:
- 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.