Orme at a glance
- Population: about 85 residents, ranking 342nd of 344 Census places in Tennessee (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 88 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 3.4% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 342nd of the state's 344 Census places (US Census Bureau).
- Size percentile: about 1% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: 35.0147, -85.8048 (US Census Bureau Gazetteer).
- Nearest larger cities: South Pittsburg, TN (5 mi); Bridgeport, AL (6 mi); Kimball, TN (8 mi); New Hope, TN (8 mi); Stevenson, AL (10 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Union Grove, AL (56 mi); Mooresville, AL (67 mi); Ridgeville, AL (68 mi) — US Census Bureau populations.
What a personal loan costs in Orme
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Tennessee lending rules that apply in Orme
The Tennessee rate caps and licensing rules that reach Orme are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Orme
The steps below are worth completing first when you borrow in Orme:
- 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.