Winfield at a glance
- Population: the Census estimates 1,004 residents, ranking 229th of 344 places in Tennessee (Vintage 2023).
- 2020 Census base: 968 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population rose about 3.7% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Tennessee places: 229th largest of 344 (US Census Bureau).
- Size percentile: about 33% of places in Tennessee are smaller (US Census Bureau).
- Coordinates: 36.5632 latitude, -84.4463 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Oneida, TN (5 mi); Huntsville, TN (11 mi); Jellico, TN (18 mi); Williamsburg, KY (20 mi); Jacksboro, TN (21 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Sunbright, TN (26 mi); Allardt, TN (27 mi); Burnside, KY (32 mi) (US Census Bureau).
What a personal loan costs in Winfield
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Tennessee lending rules that apply in Winfield
The Tennessee rate caps and licensing rules that reach Winfield are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Winfield
The order below is a sensible way to approach a loan in Winfield:
- 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.