Viola at a glance
- Population: about 110, 339th by size in Tennessee of 344 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 103 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up about 6.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 339th by size among 344 communities (US Census Bureau).
- Size percentile: it is larger than about 1% of the places in Tennessee (US Census Bureau).
- Coordinates: 35.5424 latitude, -85.8596 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Morrison, TN (5 mi); Altamont, TN (10 mi); McMinnville, TN (11 mi); Beersheba Springs, TN (12 mi); Centertown, TN (13 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Normandy, TN (23 mi); Orme, TN (37 mi); Union Grove, AL (85 mi) (US Census Bureau).
What a personal loan costs in Viola
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
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 Viola
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Viola.
| 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 Viola
Before you commit to a personal loan in Viola, 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.