Munford at a glance
- Population: 6,751 residents, the 82nd-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 6,301 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: roughly 7.1% higher than at the 2020 Census (US Census Bureau).
- Rank among Tennessee places: 82nd by size among 344 communities (US Census Bureau).
- Size percentile: ahead of around 76% of Tennessee places in population terms (US Census Bureau).
- Coordinates: 35.4429, -89.8159 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Atoka, TN (2 mi); Millington, TN (9 mi); Covington, TN (13 mi); Lakeland, TN (13 mi); Bartlett, TN (14 mi) (US Census Bureau populations).
- Nearest smaller communities: Brighton, TN (5 mi); Gilt Edge, TN (6 mi); Burlison, TN (8 mi), each a US Census place.
What a personal loan costs in Munford
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Tennessee lending rules that apply in Munford
Read the table as the compliance picture for a lender serving Munford: label, sourced figure, publisher and date.
| 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 Munford
Run through this list before signing anything in Munford:
- 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.