Personal loans in Powells Crossroads, TN

Powells Crossroads is a small community in Tennessee, with an estimated 1,282 residents, and every licensed lender here follows the same state rulebook.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

With 1,282 residents, Powells Crossroads outranks about 37% of the communities in Tennessee. Census figures put the 2020-to-2023 decrease in Powells Crossroads at about 1.2%. Lenders active in Powells Crossroads report to a Tennessee supervisor, identified in the sourced rows below. Verify the lender's Tennessee licence against the regulator named below before borrowing in Powells Crossroads. A larger market lies at Whitwell, TN about 2 miles away.

Powells Crossroads by the numbers

Most of what governs a Powells Crossroads loan is written in Tennessee law rather than in the city; the sourced notes below make that split concrete.

How Powells Crossroads compares across Tennessee

Within Tennessee, Powells Crossroads holds roughly 0.0% of all residents, the 218th-largest share among 344 places. For population change between 2020 and 2023, Powells Crossroads ranks 296th of 344 in Tennessee (about the 14th percentile). Its roughly 262 residents per square mile place it 276th among Tennessee's places. Between 2020 and 2023 the count changed by roughly 16 residents.

Getting a loan in Powells Crossroads

Powells Crossroads is a lightly settled community of about 1,282 people, with 50 larger places inside a 50-mile radius. A Tennessee licence lets a lender serve Powells Crossroads without a local office, so branch density does not change what its 1,282 residents are offered. The nearest bigger place is Whitwell, TN about 2 miles away.

The state rulebook for Powells Crossroads

These are Tennessee's sourced lending facts as they reach Powells Crossroads's 1,282 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorTennessee 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 statusLicensed; 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

Inside a Powells Crossroads personal loan

Most loans made to Powells Crossroads's 1,282 residents are unsecured, so nothing is pledged and the lender relies on your credit history. A lender serving Powells Crossroads's 1,282 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Powells Crossroads loan is knowable in advance — unlike a revolving card balance.

Powells Crossroads on the map

Powells Crossroads's land area is roughly 4.9 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 262 people per square mile. The state's population centre of gravity, Memphis, is roughly 253 miles away. Powells Crossroads has 50 larger places within a 50-mile radius. By land area it ranks 168th of 344 Tennessee places.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Powells Crossroads if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Powells Crossroads is the same as anywhere in Tennessee.
What loan size can I expect in Powells Crossroads?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Powells Crossroads?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Powells Crossroads cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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