Union City at a glance
- Population: a Census-estimated 10,954, placing it 58th among Tennessee's 344 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 11,170 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a loss of about 1.9% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 58th out of 344 Census places (US Census Bureau).
- Size percentile: larger than about 83% of the Census places in Tennessee (US Census Bureau).
- Coordinates: 36.4271, -89.0477 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Martin, TN (13 mi); Dyersburg, TN (32 mi); Murray, KY (42 mi); Sikeston, MO (43 mi); Paducah, KY (50 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Woodland Mills, TN (5 mi); Rives, TN (5 mi); Troy, TN (9 mi), per US Census Bureau estimates.
What a personal loan costs in Union City
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Tennessee lending rules that apply in Union City
Read the table as the compliance picture for a lender serving Union City: label, sourced figure, publisher and date.
| 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 Union City
The order below is a sensible way to approach a loan in Union City:
- 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.