Norris at a glance
- Population: 1,620 people, the 195th-largest place among Tennessee's 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,603 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 1.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 195th by size among 344 communities (US Census Bureau).
- Size percentile: roughly 43% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: 36.2137 / -84.0629, per the US Census Bureau Gazetteer.
- Nearest larger cities: Rocky Top, TN (5 mi); Clinton, TN (9 mi); Caryville, TN (10 mi); Jacksboro, TN (11 mi); La Follette, TN (11 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Luttrell, TN (18 mi); Rockford, TN (27 mi); New Market, TN (29 mi), per US Census Bureau estimates.
What a personal loan costs in Norris
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Norris
The table carries the Tennessee rate and licensing rules that apply to consumer loans made in Norris.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Norris
Run through this list before signing anything in Norris:
- 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.