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Personal loans in Benton, TN

Borrowers in Benton use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. The Census counts about 1,444 residents in Benton, ranking it 205th among the 344 places in Tennessee. Rate caps and licensing for consumer lenders in Tennessee come from state law, and the sourced rows below set them out.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Benton at a glance

  • Population: about 1,444 residents, ranking 205th of 344 Census places in Tennessee (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 1,522 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: about 5.1% below the 2020 Census base (US Census Bureau).
  • Rank among Tennessee places: 205th of 344 by population (US Census Bureau, Vintage 2023).
  • Size percentile: ahead of around 40% of Tennessee places in population terms (US Census Bureau).
  • Coordinates: mapped at 35.1749, -84.6517 by the US Census Bureau Gazetteer.
  • Nearest larger cities: Cleveland, TN (12 mi); Etowah, TN (13 mi); Englewood, TN (19 mi); Athens, TN (20 mi); Collegedale, TN (24 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller towns: Charleston, TN (10 mi); Calhoun, TN (10 mi); Ducktown, TN (18 mi) — US Census Bureau populations.

What a personal loan costs in Benton

With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

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 Benton

Each row below is a Tennessee rule with its publisher and the date it was retrieved.

RuleDetailSource
State lending regulatorTennessee 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 statusLicensed; 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 licensingTDFI 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

How to compare offers in Benton

Run through this list before signing anything in Benton:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Tennessee using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Benton?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Benton are the same as elsewhere in Tennessee.
How much can I borrow with a personal loan in Benton?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Benton require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Benton hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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