Loudon at a glance
- Population: the Census estimates 6,652 residents, ranking 84th of 344 places in Tennessee (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 5,993 (US Census Bureau).
- 2020 to 2023 change: up about 11.0% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 84th by size among 344 communities (US Census Bureau).
- Size percentile: roughly 76% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: 35.7372, -84.3621 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Lenoir City, TN (7 mi); Farragut, TN (14 mi); Oak Ridge, TN (16 mi); Maryville, TN (21 mi); Alcoa, TN (23 mi) (US Census Bureau populations).
- Nearest smaller communities: Philadelphia, TN (5 mi); Sweetwater, TN (11 mi); Vonore, TN (12 mi), each a US Census place.
What a personal loan costs in Loudon
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Tennessee lending rules that apply in Loudon
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Loudon
A few practical steps will make the process in Loudon 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.