Winchester at a glance
- Population: a Census-estimated 9,978, placing it 64th among Tennessee's 344 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 9,372 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population rose about 6.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Tennessee places: 64th by size among 344 communities (US Census Bureau).
- Size percentile: roughly 81% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: 35.1905, -86.1079 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Tullahoma, TN (14 mi); Manchester, TN (19 mi); Shelbyville, TN (29 mi); Scottsboro, AL (38 mi); McMinnville, TN (39 mi) (US Census Bureau).
- Nearest smaller towns: Decherd, TN (3 mi); Estill Springs, TN (5 mi); Cowan, TN (6 mi) (US Census Bureau).
What a personal loan costs in Winchester
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment 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.
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 Winchester
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Winchester.
| 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 Winchester
The order below is a sensible way to approach a loan in Winchester:
- 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.