Smithville at a glance
- Population: 5,392, the 101st-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 5,007 residents here (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 7.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 101st of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 71% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: 35.9584, -85.8214 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: McMinnville, TN (19 mi); Cookeville, TN (22 mi); Lebanon, TN (34 mi); Murfreesboro, TN (34 mi); Hartsville/Trousdale, TN (35 mi) (US Census Bureau).
- Nearest smaller towns: Dowelltown, TN (8 mi); Liberty, TN (9 mi); Alexandria, TN (14 mi) (US Census Bureau).
What a personal loan costs in Smithville
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Smithville
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Smithville
These steps are the ones that most affect the offer you receive in Smithville:
- 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.