Woodbury at a glance
- Population: 2,849, the 138th-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,702 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 5.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 138th largest of 344 (US Census Bureau).
- Size percentile: roughly 60% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.8247, -86.0724.
- Nearest larger cities (120-mile radius): Smithville, TN (17 mi); McMinnville, TN (19 mi); Murfreesboro, TN (20 mi); Manchester, TN (25 mi); Smyrna, TN (27 mi) (US Census Bureau).
- Smaller places nearby: Auburntown, TN (9 mi); Centertown, TN (11 mi); Liberty, TN (14 mi), per US Census Bureau estimates.
What a personal loan costs in Woodbury
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Tennessee lending rules that apply in Woodbury
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 Woodbury
Here is a short checklist for comparing personal loans in Woodbury:
- 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.