Smyrna at a glance
- Population: 57,418 residents, the 11th-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 53,089 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population rose about 8.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Tennessee places: 11th out of 344 Census places (US Census Bureau).
- Size percentile: roughly 97% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: 35.9690 latitude, -86.5286 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Murfreesboro, TN (10 mi); Franklin, TN (18 mi); Hendersonville, TN (24 mi); Spring Hill, TN (27 mi); Clarksville, TN (61 mi); each population is a US Census Bureau estimate.
- Smaller places close by: La Vergne, TN (4 mi); Nolensville, TN (8 mi); Brentwood, TN (14 mi) (US Census Bureau).
What a personal loan costs in Smyrna
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
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 Smyrna
The table carries the Tennessee rate and licensing rules that apply to consumer loans made in Smyrna.
| 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 Smyrna
Run through this list before signing anything in Smyrna:
- 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.