Gibson at a glance
- Population: 372 people, the 304th-largest place among Tennessee's 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 364 (US Census Bureau).
- 2020 to 2023 change: an increase of about 2.2% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 304th of the state's 344 Census places (US Census Bureau).
- Size percentile: roughly 12% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: 35.8743 latitude, -88.8439 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Humboldt, TN (5 mi); Medina, TN (5 mi); Milan, TN (6 mi); Three Way, TN (7 mi); Trenton, TN (9 mi), each a US Census place with its estimated population.
- Nearest smaller towns: McLemoresville, TN (17 mi); Yorkville, TN (22 mi); Parker's Crossroads, TN (26 mi) (US Census Bureau).
What a personal loan costs in Gibson
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Tennessee lending rules that apply in Gibson
Read the table as the compliance picture for a lender serving Gibson: 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 Gibson
Before you share your details with a lender in Gibson:
- 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.