Monteagle at a glance
- Population: 1,403 residents, the 208th-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,387 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 1.2% more residents than the 2020 Census base (US Census Bureau).
- Rank among Tennessee places: 208th of the state's 344 Census places (US Census Bureau).
- Size percentile: roughly 40% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: latitude 35.2358, longitude -85.8502 (US Census Bureau Gazetteer).
- Nearest larger cities: Tracy City, TN (6 mi); Cowan, TN (11 mi); Decherd, TN (13 mi); Winchester, TN (15 mi); Gruetli-Laager, TN (15 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Coalmont, TN (11 mi); Altamont, TN (15 mi); Orme, TN (15 mi), each a US Census place.
What a personal loan costs in Monteagle
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Tennessee lending rules that apply in Monteagle
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Monteagle.
| 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 Monteagle
These steps are the ones that most affect the offer you receive in Monteagle:
- 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.