Forest Hills at a glance
- Population: 4,479, the 111th-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: 5,037 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 11.1% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Tennessee places: the 111th-largest of 344 (US Census Bureau, 2023 estimate).
- Size percentile: about 68% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: 36.0700, -86.8362 (US Census Bureau Gazetteer).
- Nearest larger cities: Brentwood, TN (6 mi); Franklin, TN (11 mi); Nolensville, TN (12 mi); La Vergne, TN (16 mi); Ashland City, TN (17 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Belle Meade, TN (2 mi); Oak Hill, TN (2 mi); Berry Hill, TN (5 mi), per US Census Bureau estimates.
What a personal loan costs in Forest Hills
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Tennessee lending rules that apply in Forest Hills
The Tennessee rate caps and licensing rules that reach Forest Hills are listed below, each with its source and retrieval date.
| 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 Forest Hills
The order below is a sensible way to approach a loan in Forest Hills:
- 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.