Rockwood at a glance
- Population: 5,635 (US Census Bureau, Vintage 2023 subcounty estimate), the 95th-largest of 344 places in Tennessee.
- 2020 Census base: 5,443 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: an increase of about 3.5% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 95th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 72% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 35.8701, -84.6749 by the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Harriman, TN (8 mi); Kingston, TN (10 mi); Loudon, TN (20 mi); Crossville, TN (21 mi); Sweetwater, TN (22 mi) (US Census Bureau).
- Nearest smaller towns: Oakdale, TN (11 mi); Crab Orchard, TN (12 mi); Spring City, TN (17 mi) (US Census Bureau).
What a personal loan costs in Rockwood
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Tennessee lending rules that apply in Rockwood
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| 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 Rockwood
The order below is a sensible way to approach a loan in Rockwood:
- 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.