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Personal loans in Waverly, TN

Waverly is a small community of about 4,275 residents, and a personal loan taken out here is governed by Tennessee statute. An estimated 4,275 people make their home in Waverly, a figure that ranks 115th in Tennessee. Census figures put the 2020-to-2023 decrease in Waverly at about 0.7%. Work out your debt-to-income ratio first; lenders weigh it heavily, and Waverly's 4,275 residents are no exception. A larger market lies at Dickson, TN about 23 miles away. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Waverly's 4,275 residents.

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

Compare loan offers Run the numbers first

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.

What the Census records for Waverly

Waverly is a small community; the notes below cover its population profile and the statewide rules that apply.

How a Waverly personal loan is priced

In Waverly, a small community of about 4,275, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The rate you see advertised is a range, not a promise, until a lender reviews your file in Waverly. Because the payment is fixed, the total cost of a Waverly loan is knowable in advance — unlike a revolving card balance.

What Tennessee law requires in Waverly

This table holds the Tennessee rate and licensing rules for consumer loans made to Waverly's 4,275 residents.

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
Small-loan / installment lender licensingTDFI 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
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

How Waverly compares across Tennessee

Waverly is the 115th-largest of 344 Census places in Tennessee and contains about 0.1% of the state's people. For population change between 2020 and 2023, Waverly ranks 275th of 344 in Tennessee (about the 20th percentile). By density, at about 489 people per square mile, it ranks 192nd in Tennessee. By land area, its 8.8 square miles rank 103rd of 344 places in Tennessee.

Waverly on the map

Waverly's land area is roughly 8.8 square miles, and the Gazetteer records no significant water area within it. That land carries about 489 people per square mile. The largest place in Tennessee, Memphis, lies about 140 miles away. A 50-mile radius around Waverly takes in 11 places that are larger. By land area it ranks 103rd of 344 Tennessee places.

The Waverly borrowing checklist

These steps shape the offer you get in Waverly, a place of about 4,275 people:

  1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
  4. Look the lender up in the Tennessee regulator's licence records before you sign.
  5. Keep the amount to the expense; an approval is not a reason to take more.
  6. Write down the purpose of the loan and your repayment plan before you apply.
  7. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.

In Waverly as elsewhere in Tennessee, the written terms — not the advertisement — are what count for its 4,275 residents.

Compare personal loan offers Run the numbers first

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 Waverly 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 Waverly is the same as anywhere in Tennessee.
What loan size can I expect in Waverly?
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 Waverly?
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 Waverly 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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