McLemoresville at a glance
- Population: 291, the 319th-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: 290 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up about 0.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 319th of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 7% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.9862, -88.5801.
- Nearest larger cities within 120 miles: Trezevant, TN (3 mi); Atwood, TN (5 mi); Huntingdon, TN (9 mi); Milan, TN (11 mi); McKenzie, TN (11 mi) (US Census Bureau).
- Smaller places close by: Parker's Crossroads, TN (17 mi); Cottage Grove, TN (28 mi); Yorkville, TN (31 mi) (US Census Bureau).
What a personal loan costs in McLemoresville
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.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
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.
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 McLemoresville
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in McLemoresville.
| 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 McLemoresville
A few practical steps will make the process in McLemoresville 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.