Personal loans in Powell, TN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Powell, TN.
The median household in Powell earns $82,434 a year, 18% above the Tennessee median of $69,595. About 4% of residents live below the federal poverty line, and 21.1% of households rent their home.
Tennessee law that applies in Powell
| Rate cap | Industrial loan and thrift registrants: a maximum effective rate of 36% a year on loans of $100 or more (2025 Pub. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Flex loan plans: outstanding principal of no more than $4,000. |
Full rules with statute citations: Personal Loans in Tennessee. Cities in Tennessee cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Powell
Lenders that serve Powell typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Powell
What Powell borrowers use it for
gifts and travel without maxing a card
Emergencieshandle the unexpected the same week
Rent duecover a short gap before payday
Need money nowthe fastest options online
Loans for your situation
How to get a personal loan in Powell
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Powell
8 FDIC-insured bank branches from 8 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| First Century Bank | 1 | 600 E Emory Rd, Powell 37849 |
| First Horizon Bank | 1 | 2121 W Emory Rd, Powell 37849 |
| Commercial Bank | 1 | 420 E Emory Rd, Powell 37849 |
| Home Federal Bank of Tennessee | 1 | 105 E Emory Rd, Powell 37849 |
| Tennessee State Bank | 1 | 7500 Old Clinton Pike, Powell 37849 |
| Regions Bank | 1 | 601 E Emory Rd, Powell 37849 |
| First US Bank | 1 | 100 W Emory Rd, Powell 37849 |
| FirstBank | 1 | 233 E Emory Rd, Powell 37849 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Powell
3 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| Y-12 | 530 E Emory Rd, Powell 37849 |
| Knoxville Tva Employees | 7515 Central Avenue Pike, Powell 37849 |
| Knoxville Teachers | 3533 W Emory Rd, Powell 37849 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Knox County · Payday Loans in Powell · Title Loans in Powell
Frequently asked questions
Can I get a personal loan with bad credit in Powell?
Possibly. Lenders in our network consider applicants with fair and bad credit across Tennessee, including Powell. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Powell, TN?
36% effective rate for industrial loan and thrift loans of $100+ (since July 2025); flex loans 24% plus fee.
How fast can I get a personal loan in Powell?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Powell with our free 3-minute form.
How do I apply for a personal loan with bad credit in Powell?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Where can I find a loan for bad credit in Powell?
You can apply at local banks and lenders in Powell, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
How long does it take to get a personal loan in Powell?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Powell.
How can I get an emergency loan in Powell?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Do I need to visit a store in Powell?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.