Cumberland City at a glance
- Population: a Census-estimated 315, placing it 314th among Tennessee's 344 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 304 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 3.6% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 314th out of 344 Census places (US Census Bureau).
- Size percentile: about 9% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: 36.3797, -87.6399 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Erin, TN (6 mi); Tennessee Ridge, TN (8 mi); Dover, TN (13 mi); Vanleer, TN (15 mi); McEwen, TN (19 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: Slayden, TN (11 mi); LaFayette, KY (19 mi); Cedar Hill, TN (37 mi) (US Census Bureau).
What a personal loan costs in Cumberland City
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Cumberland City
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| 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 Cumberland City
A few practical steps will make the process in Cumberland City less costly:
- 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.