Compare payday loans in Charleston, South Carolina |
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Payday loans in Charleston, South Carolina

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How to get a loan if you’re short between paychecks in Charleston, SC.

If your budget has taken a hit because of an unexpected bill and you find yourself not quite making it to your next paycheck, a payday loan could be a possible solution. These are short-term loans designed to bridge the gap between checks, but you’ll want to know the laws in place to protect you from predatory lenders before you borrow.

Jora Installment Loans

Jora Installment Loans

Get an installment loan with a quick application and fast turnaround time.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Loan Term: 4–30 months, varies by state
  • Turnaround Time: As soon as 1–2 days
  • Must have an active checking account, regular source of income and email address.

    How does payday lending in Charleston work?

    All payday lenders operating in Charleston are required to follow South Carolina Code §§ 34-39-110 et seq. Under these laws, you can take out a loan for up to $550 fo 31 days or less, and lenders can charge no more than 15% of the principal amount as interest.

    Whether you apply online or in-store, you’re limited to the laws of the state.

    If you have any more questions, see our South Carolina guide

    Here is a selection of loans you might consider applying for

    Rates last updated November 18th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Max. Loan Amount Turnaround Time Requirements
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    As early as 1 business day
    Must have a monthly income of $1,000+ after taxes and valid checking account.
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    1 business day
    Must have direct deposit and meet minimum income requirements.
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    1–2 days
    Must have an active checking account, regular source of income and email address.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    ACE Cash Express Short-term Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

    Compare up to 4 providers

    3 features to consider when taking out a payday loan in Charleston

    • Limited loan amount. You can only have up to $550 borrowed in payday loans out at any one time.
    • Borrower protection. You can’t repay an existing payday loan by using the proceeds from a new one, and you can’t renew or extend a payday loan in South Carolina. This prevents you from getting trapped in a cycle of debt that can be difficult to escape from.
    • Easy process. Payday lenders usually have a simple application process that takes you through what you’ll need to fill out step-by-step. If you need help, storefronts will have employees to guid you through the process, and many lender websites have live chats to answer any of your questions.

    How to apply for a Charleston payday loan

    You can apply in-store or online, but you’ll need to give the lender personal information about yourself in order to confirm your identity and your income. This includes

    • Your name, address, email and phone number
    • Your date of birth and Social Security number
    • Details from a valid form of ID
    • Your employer’s name, address and phone number
    • Your gross monthly income and pay schedule
    • If you’re applying online, details about your bank account

    If you aren’t approved or don’t like your terms, there are other options

    How much will a payday loan cost me?

    How much a payday loan costs depends on how much you borrow and your financing fee. South Carolina caps the financing fee at 15%. This means that when you borrow $100, you’ll end up paying back $115. Likewise, if you take out the maximum of $550, you’ll need to pay back $632.50–that’s a total fee of $82.50.

    The best way to avoid spending too much in fees and other charges is to only take out as much as you need. This prevents the charges from piling up and keeps you out of a cycle of debt.

    Payday loan locations in Charleston, South Carolina

    Find a payday loan store near you

    • Check into Cash. Dorchester Road and Savannah Highway
    • Carolina Payday Loans, Inc. Savannah Highway and Sam Rittenberg Boulevard
    • Approved Cash. Savannah Highway
    • ACE Cash Express. Dorchester Road, Sam Rittenberg Boulevard and McMillan Avenue
    • Advance America. Ashley River Road, Folly Road and Rivers Avenue
    • First American Cash Advance. Dorchester Road
    • Check ‘n Go. Sam Rittenberg Boulevard

    Emergency flight money

    Imagine this scenario: Albert’s father grew sick one month, and Albert wanted to go see him as soon as possible. Unfortunately, he didn’t have enough money to afford a plane ticket. Waiting for a credit card or personal loan would have taken too long, so he opted to take out a payday loan despite knowing the high costs.

    He took all the required documents to a payday lender’s store near his home and filled out the application. Within a few hours, he was approved for the $400 he requested to make the trip and had enough to buy a plane ticket.

    The lender charged him loan fees worth 15% of the borrowed money, which was $60. At the end of the loan term, his check was cashed for the full amount of $460 and Albert didn’t have to worry about any collection fees.

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    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

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