Powells Crossroads at a glance
- Population: roughly 1,282 people; 218th of 344 places in Tennessee (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,298 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 1.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 218th of the state's 344 Census places (US Census Bureau).
- Size percentile: it is larger than about 37% of the places in Tennessee (US Census Bureau).
- Coordinates: 35.1848, -85.4848 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Whitwell, TN (2 mi); Signal Mountain, TN (9 mi); Walden, TN (10 mi); Jasper, TN (11 mi); Red Bank, TN (12 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Palmer, TN (13 mi); New Hope, TN (16 mi); Ridgeside, TN (17 mi), per US Census Bureau estimates.
What a personal loan costs in Powells Crossroads
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
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.
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.
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 Powells Crossroads
The table carries the Tennessee rate and licensing rules that apply to consumer loans made in Powells Crossroads.
| 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 Powells Crossroads
The steps below are worth completing first when you borrow in Powells Crossroads:
- 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.