Liberty at a glance
- Population: 339 residents, the 309th-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: 331 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 2.4% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: the 309th-largest of 344 (US Census Bureau, 2023 estimate).
- Size percentile: about 10% of Tennessee's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 36.0045, -85.9778 by the US Census Bureau Gazetteer.
- Nearest larger cities: Dowelltown, TN (2 mi); Alexandria, TN (6 mi); Smithville, TN (9 mi); Watertown, TN (11 mi); Gordonsville, TN (13 mi); US Census Bureau population estimates.
- Nearest smaller communities: Auburntown, TN (7 mi); Centertown, TN (20 mi); Viola, TN (33 mi), each a US Census place.
What a personal loan costs in Liberty
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Tennessee lending rules that apply in Liberty
Read the table as the compliance picture for a lender serving Liberty: label, sourced figure, publisher and date.
| 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 Liberty
Before you share your details with a lender in Liberty:
- 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.