Henry at a glance
- Population: 449 — 296th in Tennessee, which has 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 444 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 1.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 296th of the state's 344 Census places (US Census Bureau).
- Size percentile: larger than about 14% of the Census places in Tennessee (US Census Bureau).
- Coordinates: mapped at 36.2011, -88.4114 by the US Census Bureau Gazetteer.
- Nearest larger cities: McKenzie, TN (7 mi); Paris, TN (9 mi); Gleason, TN (11 mi); Huntingdon, TN (13 mi); Hollow Rock, TN (14 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Cottage Grove, TN (13 mi); McLemoresville, TN (18 mi); Hazel, KY (22 mi) (US Census Bureau).
What a personal loan costs in Henry
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Tennessee lending rules that apply in Henry
The Tennessee rate caps and licensing rules that reach Henry are listed below, each with its source and retrieval date.
| 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 Henry
Before you share your details with a lender in Henry:
- 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.