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Payday loans in Columbia, South Carolina

What you need to know before getting a short-term loan.

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When you’re stuck in a difficult financial situation and need to pay bills with money you don’t have, a payday loan could be the solution to your problem. These are short-term options, and although they’re more expensive than traditional loans, you might be able to get one even if you have bad credit.

Our page outlines what you’ll need to know about payday lending in Columbia, SC.

What are the laws in South Carolina that apply to payday loans in Columbia?

Whether the lender is located in the state or online, it will have to abide by the laws in South Carolina under the code §§ 34-39-110 et seq. This means you can only borrow up to $550. Loan terms are limited to 31 days or less, and lenders are allowed to charge a financing fee of 15%.

You can read about all of South Carolina’s laws here

Compare payday lenders

Be sure to check the website of your lender to confirm it operates in South Carolina.

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
 Check Into Cash Installment Loans
$3,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
BadCreditLoans.com
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
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Costs of a payday loan in South Carolina

If you’re a resident of Columbia, what you’ll have to pay is based off of South Carolina’s laws. The state caps the financing fee at 15%. This means you’ll pay back $115 when you borrow $100. If you borrow the maximum of $550, you’ll need to pay back $632.50. Some lenders may not charge you the maximum financing fee, but it’s best to be prepared when you’re determing how much you want to borrow.

Always read your loan contract over carefully. Lenders are required to tell you exactly how much you’ll end up paying, so work this into your budget.

3 benefits of taking out a payday loan

  • Use the money however you need. As long as you use your loan for a legitimate purpose, you can borrow a loan for whatever you need. From a busted pipe to a car repair to a vet bill, a payday lover can cover all your unexpected expenses.
  • Various options. Given the number of payday lender stores in Columbia, there’s a good chance you’ll find one near your home or work. On top of that, you have the ability to compare online lenders if you don’t have time to visit a storefront.
  • Quick and easy process. You can complete a typical payday loan application within a few minutes. All stores will have someone available to help you through the process, and most online lenders have a live chat you can use if you get stuck during the application.

Stephanie's dog needed a costly surgery

Imagine this scenario: Stephanie’s dog needed surgery. Although Stephanie had a regular job, she still needed a little extra money to afford the cost of the vet bill. She decided to apply for a payday loan because she knew her low credit score would prevent her from being approved for a personal loan or credit card.

Her local online payday lender took her income and employment into consideration and approved her application for a $300 loan. The loan contract clearly stated that the lender would charge 15% of the advanced amount in loan fees, so Stephanie had to make sure $345 would be available on the loan due date in three weeks.

She took on an extra shift at her work every week to make sure she had enough money, and by the end of the loan period, Stephanie was able to pay off her loan without incurring any extra fees.

How you can apply for a payday loan in Columbia, SC

You’ll need to be at least 18 years old, have a regular source of income and be a citizen or permanent resident of the US. Provided you meet these qualifications, you can apply to any of the lenders listed on our comparison table or on the map below.

When you do, you’ll need to fill out the application with your name, date of birth, Social Security number and any other personal details the lender asks for. This is to confirm your identity and make sure you’re able to pay back the loan. Many lenders often require you fill out information about your employment and income as well so they can be sure you won’t be taking out a loan you can’t afford.

If you’re applying online, you may also need to give the lender access to your bank account so it can deposit your loan funds and debit the payment when it’s due.

If you aren’t approved for a loan, why not consider some alternatives?

Payday loan locations in Columbia, South Carolina

Here’s where you can shop for a payday loan in Columbia

  • Check into Cash. Two Notch Road and Broad River Road
  • Carolina Payday Loans, Inc. Two Notch Road, Sunset Boulevard and Knox Abbott Drive
  • Advance America. Notch Road, Decker Boulevard and Garners Ferry Road
  • ACE Cash Express. Broad River Road and Knox Abbott Drive
  • Check Loans. Bush River Road
  • Check ‘n Go. Two Notch Road
  • Quik Cash. Decker Boulevard
  • Always Money. Garners Ferry Road

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