Tullahoma at a glance
- Population: 21,001 residents, the 31st-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 20,337 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 3.3% more residents than the 2020 Census base (US Census Bureau).
- Rank among Tennessee places: 31st out of 344 Census places (US Census Bureau).
- Size percentile: about 91% of places in Tennessee are smaller (US Census Bureau).
- Coordinates: 35.3733, -86.2183 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Shelbyville, TN (16 mi); Murfreesboro, TN (35 mi); Smyrna, TN (45 mi); Spring Hill, TN (47 mi); La Vergne, TN (49 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Normandy, TN (6 mi); Estill Springs, TN (9 mi); Lynchburg, Moore County, TN (10 mi) (US Census Bureau estimates).
What a personal loan costs in Tullahoma
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.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Tullahoma
The table lists the Tennessee rules that apply to a loan made in Tullahoma, each with the regulator that published it.
| 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 Tullahoma
These steps are the ones that most affect the offer you receive in Tullahoma:
- 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.