Niota at a glance
- Population: about 802 residents, ranking 254th of 344 Census places in Tennessee (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 766 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 4.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Tennessee places: 254th of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 26% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 35.5172, -84.5499 by the US Census Bureau Gazetteer.
- Nearest larger cities: Athens, TN (5 mi); Sweetwater, TN (7 mi); Englewood, TN (7 mi); Madisonville, TN (11 mi); Etowah, TN (12 mi), each a US Census place with its estimated population.
- Smaller places nearby: Philadelphia, TN (14 mi); Tellico Plains, TN (18 mi); Calhoun, TN (18 mi), per US Census Bureau estimates.
What a personal loan costs in Niota
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Tennessee lending rules that apply in Niota
Read the table as the compliance picture for a lender serving Niota: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Niota
A few practical steps will make the process in Niota 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.