Baneberry at a glance
- Population: 567 (US Census Bureau, Vintage 2023 subcounty estimate), the 275th-largest of 344 places in Tennessee.
- 2020 Census base: 523 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 8.4% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 275th of the state's 344 Census places (US Census Bureau).
- Size percentile: about 20% of places in Tennessee are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 36.0464, -83.2782.
- Nearest larger cities within 120 miles: White Pine, TN (4 mi); Newport, TN (7 mi); Dandridge, TN (9 mi); Morristown, TN (11 mi); Jefferson City, TN (13 mi) (US Census Bureau).
- Nearest smaller communities: Parrottsville, TN (11 mi); Pittman Center, TN (21 mi); Hot Springs, NC (27 mi), each a US Census place.
What a personal loan costs in Baneberry
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Tennessee lending rules that apply in Baneberry
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Baneberry.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Baneberry
The order below is a sensible way to approach a loan in Baneberry:
- 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.