Erin at a glance
- Population: roughly 1,192 people; 223rd of 344 places in Tennessee (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,230 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 3.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 223rd of the state's 344 Census places (US Census Bureau).
- Size percentile: roughly 35% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: 36.3163 latitude, -87.7008 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Tennessee Ridge, TN (4 mi); Dover, TN (14 mi); McEwen, TN (15 mi); Waverly, TN (16 mi); Charlotte, TN (22 mi) (US Census Bureau).
- Nearest smaller communities: Cumberland City, TN (6 mi); Slayden, TN (13 mi); Vanleer, TN (15 mi) (Census populations).
What a personal loan costs in Erin
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Erin
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Erin
The order below is a sensible way to approach a loan in Erin:
- 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.