Sharon at a glance
- Population: 926 (US Census Bureau, Vintage 2023 subcounty estimate), the 240th-largest of 344 places in Tennessee.
- 2020 Census base: 936 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 1.1% since the 2020 count (US Census Bureau).
- Rank among Tennessee places: 240th of 344 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 30% of the places in Tennessee (US Census Bureau).
- Coordinates: it sits at 36.2351, -88.8251 in the US Census Bureau Gazetteer.
- Nearest larger cities: Greenfield, TN (5 mi); Martin, TN (7 mi); Dresden, TN (8 mi); Kenton, TN (11 mi); Bradford, TN (11 mi); US Census Bureau population estimates.
- Nearest smaller towns: Rives, TN (15 mi); Yorkville, TN (19 mi); Trezevant, TN (19 mi) — US Census Bureau populations.
What a personal loan costs in Sharon
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Tennessee lending rules that apply in Sharon
The table lists the Tennessee rules that apply to a loan made in Sharon, 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 Sharon
The order below is a sensible way to approach a loan in Sharon:
- 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.