Toone at a glance
- Population: 269 (US Census Bureau, Vintage 2023 subcounty estimate), the 325th-largest of 344 places in Tennessee.
- 2020 Census base: the 2020 count put the population at 268 (US Census Bureau).
- 2020 to 2023 change: population rose about 0.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Tennessee places: 325th-largest of 344 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it exceeds roughly 6% of Tennessee's Census places by population (US Census Bureau).
- Coordinates: 35.3564 latitude, -88.9539 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Bolivar, TN (7 mi); Whiteville, TN (11 mi); Henderson, TN (18 mi); Finger, TN (19 mi); Middleton, TN (20 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Silerton, TN (8 mi); Medon, TN (8 mi); Hornsby, TN (11 mi) (Census populations).
What a personal loan costs in Toone
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Toone
The Tennessee rate caps and licensing rules that reach Toone are listed below, each with its source and retrieval date.
| 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 Toone
Here is a short checklist for comparing personal loans in Toone:
- 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.