Mason at a glance
- Population: 1,354 — 213th in Tennessee, which has 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 1,347 (US Census Bureau).
- 2020 to 2023 change: roughly 0.5% higher than at the 2020 Census (US Census Bureau).
- Rank among Tennessee places: 213th of the state's 344 Census places (US Census Bureau).
- Size percentile: roughly 38% of places in Tennessee rank below it by population (US Census Bureau).
- Coordinates: latitude 35.4128, longitude -89.5412 (US Census Bureau Gazetteer).
- Nearest larger cities: Brighton, TN (12 mi); Covington, TN (12 mi); Oakland, TN (13 mi); Arlington, TN (13 mi); Atoka, TN (14 mi); US Census Bureau population estimates.
- Nearest smaller towns: Braden, TN (4 mi); Gallaway, TN (7 mi); Stanton, TN (9 mi) (US Census Bureau).
What a personal loan costs in Mason
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Tennessee lending rules that apply in Mason
Each row below is a Tennessee rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mason
The steps below are worth completing first when you borrow in Mason:
- 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.