Morrison at a glance
- Population: 771 residents, the 257th-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 728 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 5.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 257th by size among 344 communities (US Census Bureau).
- Size percentile: about 25% of places in Tennessee are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.6071, -85.9074.
- Nearest larger cities (within 120 miles): McMinnville, TN (9 mi); Manchester, TN (14 mi); Altamont, TN (15 mi); Woodbury, TN (18 mi); Coalmont, TN (21 mi) (US Census Bureau populations).
- Nearest smaller communities: Viola, TN (5 mi); Centertown, TN (8 mi); Beersheba Springs, TN (17 mi) (Census populations).
What a personal loan costs in Morrison
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
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.
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 Morrison
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| 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 Morrison
The order below is a sensible way to approach a loan in Morrison:
- 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.