South Fulton at a glance
- Population: 2,197 — 160th in Tennessee, which has 344 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 2,242 residents here (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 2.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: 160th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 53% of Tennessee's places have fewer residents (US Census Bureau).
- Coordinates: 36.4933, -88.8837 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Fulton, KY (1 mi); Union City, TN (10 mi); Martin, TN (11 mi); Hickman, KY (17 mi); Dresden, TN (18 mi) (US Census Bureau populations).
- Smaller towns nearby: Woodland Mills, TN (13 mi); Wingo, KY (13 mi); Rives, TN (13 mi) (US Census Bureau).
What a personal loan costs in South Fulton
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 South Fulton
The sourced rows below are the rules a licensed lender must follow when lending in Tennessee, and therefore in South Fulton.
| 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 South Fulton
Here is a short checklist for comparing personal loans in South Fulton:
- 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.