Murfreesboro at a glance
- Population: 165,430, the 5th-largest community in Tennessee out of 344 (US Census Bureau, Vintage 2023).
- 2020 Census base: 152,784 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: an increase of about 8.3% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 5th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 99% of the Census places in Tennessee (US Census Bureau).
- Coordinates: 35.8539 latitude, -86.4212 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Clarksville, TN (71 mi); Huntsville, AL (81 mi); Chattanooga, TN (86 mi) (US Census Bureau).
- Smaller places nearby: Smyrna, TN (10 mi); La Vergne, TN (14 mi); Eagleville, TN (15 mi), per US Census Bureau estimates.
What a personal loan costs in Murfreesboro
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 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 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.
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 Murfreesboro
The table lists the Tennessee rules that apply to a loan made in Murfreesboro, each with the regulator that published it.
| 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 Murfreesboro
The order below is a sensible way to approach a loan in Murfreesboro:
- 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.