Baileyton at a glance
- Population: 457 — 292nd in Tennessee, which has 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 432 residents here (US Census Bureau).
- 2020 to 2023 change: up about 5.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 292nd of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 15% of Tennessee places in population terms (US Census Bureau).
- Coordinates: 36.3243 / -82.8360, per the US Census Bureau Gazetteer.
- Nearest larger cities: Surgoinsville, TN (10 mi); Greeneville, TN (11 mi); Rogersville, TN (11 mi); Mosheim, TN (11 mi); Tusculum, TN (11 mi); US Census Bureau population estimates.
- Nearest smaller communities: Clinchport, VA (25 mi); Parrottsville, TN (26 mi); Duffield, VA (27 mi), each a US Census place.
What a personal loan costs in Baileyton
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less 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 Baileyton
Read the table as the compliance picture for a lender serving Baileyton: label, sourced figure, publisher and 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 Baileyton
The order below is a sensible way to approach a loan in Baileyton:
- 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.