Personal loans in Covington, TN

To lend to Covington's 8,568 residents, a company must hold a Tennessee licence, and each sourced row below names the regulator behind it. At about 8,568 residents, Covington is larger than roughly 80% of the places in Tennessee. If debt is already a strain, a nonprofit credit counsellor can help Covington residents before they take on more. From the 2020 Census base to the 2023 estimate, the population declined by about 1.2%. The closest larger place is Atoka, TN about 12 miles away.

Covington: the sourced local profile

Set out below is Covington's local context next to the state-level rules that reach every lender here.

• Population: 8,568 people, a figure that places Covington 69th among the 344 Census places in Tennessee (US Census Bureau, Vintage 2023).
• Population trend: Roughly 1.2% fewer residents than the 2020 Census counted.
• Absolute change: 100 residents lost between 2020 and 2023.
• Size percentile: about 80% of Tennessee communities are smaller than Covington (8,568 residents).
• Density: the Census land area of 11.4 sq mi holds about 749 people per square mile.
• By land area: Covington ranks 74th among Tennessee's 344 places, at 11.4 sq mi.
• State population share: Covington accounts for about 0.2% of everyone in Tennessee.
• National standing: Covington ranks 3,503rd of 19,457 US places.
• Growth rank: Covington's 2020-to-2023 change ranks 291st of 344 places in Tennessee.
• Versus Tennessee: the state average change is +2.4%, while Covington moved 1.2%.
• Density rank: Covington places 123rd among Tennessee's places by people per square mile.
• Density in context: Covington's 749 people per square mile sit against a Tennessee median of 553.
• Location: 35.5659 / -89.6485, per the US Census Bureau Gazetteer.
• Nearest larger cities: Atoka (12 mi); Millington (21 mi); Lakeland (21 mi); Arlington (22 mi); Brownsville (22 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller places close by: Garland (6 mi); Brighton (8 mi); Burlison (8 mi).
• Within a 50-mile radius: 83 smaller Census places.
• Larger places within 100 miles: 33.

What is available to Covington borrowers

Covington is moderately settled, with about 749 people per square mile and 18 larger places within 50 miles. Whether Covington has a local branch or not, a Tennessee-licensed lender can serve its 8,568 people online on the same terms. The nearest larger city, Atoka, TN about 12 miles away.

Tennessee consumer-lending rules applied in Covington

The rows below set out what a licensed lender must follow in Tennessee, and so for Covington's roughly 8,568 residents.

Covington: area, density and distance

The Census Gazetteer records about 11.4 square miles of land within Covington, with no significant water area listed. Spread across it are roughly 749 residents per square mile. The state's population centre of gravity, Memphis, is roughly 36 miles away. Covington has 18 larger places within a 50-mile radius. Within the same 50 miles lie 83 smaller Census places.

Before you apply in Covington

Complete these steps first when you borrow in Covington (8,568 residents):

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Shop at least three lenders and judge them on APR and total cost.
4. Verify the lender's Tennessee licence with the regulator listed on this page.
5. Borrow only what the purpose requires, not the maximum you are offered.
6. Be clear on what the loan is for and how it gets repaid.
7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

None of these steps is Covington-specific: the same Tennessee licensing and disclosure rules reach all 8,568 residents.

Where Covington sits in Tennessee

Among Tennessee's 344 places, Covington sits at 69th for population, a share of roughly 0.2% of the state. For population change between 2020 and 2023, Covington ranks 291st of 344 in Tennessee (about the 15th percentile). Its roughly 749 residents per square mile place it 123rd among Tennessee's places. Within 50 miles sit 83 smaller Census places, alongside the 18 that are larger.