Westmoreland at a glance
- Population: about 2,784, 140th by size in Tennessee of 344 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,723 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 2.2% higher than at the 2020 Census (US Census Bureau).
- Rank among Tennessee places: 140th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 59% of the Census places in Tennessee (US Census Bureau).
- Coordinates: mapped at 36.5654, -86.2440 by the US Census Bureau Gazetteer.
- Nearest larger cities: Lafayette, TN (12 mi); Hartsville/Trousdale, TN (13 mi); Scottsville, KY (13 mi); Portland, TN (16 mi); Gallatin, TN (18 mi); US Census Bureau population estimates.
- Smaller places close by: Mitchellville, TN (17 mi); Fountain Run, KY (19 mi); Red Boiling Springs, TN (22 mi) (US Census Bureau).
What a personal loan costs in Westmoreland
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Tennessee lending rules that apply in Westmoreland
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Westmoreland
These steps are the ones that most affect the offer you receive in Westmoreland:
- 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.