Parker's Crossroads at a glance
- Population: about 283 residents, ranking 321st of 344 Census places in Tennessee (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 282 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 0.4% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 321st-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 7% of the places in Tennessee (US Census Bureau).
- Coordinates: 35.7894, -88.3906 (US Census Bureau Gazetteer).
- Nearest larger cities: Clarksburg, TN (6 mi); Lexington, TN (10 mi); Huntingdon, TN (15 mi); McLemoresville, TN (17 mi); Parsons, TN (18 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Enville, TN (28 mi); Milledgeville, TN (28 mi); Finger, TN (32 mi) — US Census Bureau populations.
What a personal loan costs in Parker's Crossroads
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Tennessee lending rules that apply in Parker's Crossroads
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in Parker's Crossroads.
| 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 Parker's Crossroads
Before you share your details with a lender in Parker's Crossroads:
- 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.