Saltillo at a glance
- Population: 424 — 298th in Tennessee, which has 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 419 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up roughly 1.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 298th largest of 344 (US Census Bureau).
- Size percentile: ahead of around 13% of Tennessee places in population terms (US Census Bureau).
- Coordinates: 35.3805 latitude, -88.2536 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Scotts Hill, TN (10 mi); Savannah, TN (11 mi); Crump, TN (12 mi); Adamsville, TN (13 mi); Clifton, TN (15 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Sardis, TN (5 mi); Milledgeville, TN (6 mi); Enville, TN (10 mi) (Census populations).
What a personal loan costs in Saltillo
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.
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.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Tennessee lending rules that apply in Saltillo
Read the table as the compliance picture for a lender serving Saltillo: label, sourced figure, publisher and date.
| 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 Saltillo
Before you commit to a personal loan in Saltillo, work through these steps:
- 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.