Farragut at a glance
- Population: about 25,579 residents, ranking 28th of 344 Census places in Tennessee (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 23,506 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 8.8% more residents than the 2020 Census base (US Census Bureau).
- Rank among Tennessee places: 28th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: ahead of around 92% of Tennessee places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.8762, -84.1800.
- Nearest larger cities (120-mile radius): Oak Ridge, TN (9 mi); Maryville, TN (14 mi); Knoxville, TN (14 mi); Morristown, TN (54 mi); Cleveland, TN (62 mi) (US Census Bureau).
- Smaller places close by: Lenoir City, TN (7 mi); Louisville, TN (8 mi); Friendsville, TN (9 mi) (US Census Bureau).
What a personal loan costs in Farragut
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Tennessee lending rules that apply in Farragut
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Farragut.
| 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 Farragut
The order below is a sensible way to approach a loan in Farragut:
- 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.