Payday loans in Pierre, South Dakota | finder.com

Compare your short-term loan options in Pierre, South Dakota

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You won’t find many, thanks to the state’s strict interest rate cap.

Online lenders and storefronts advertise payday loans as a quick option when you need cash and don’t have the best credit. But with South Dakota’s relatively low APR cap, many short-term lenders shy away from lending in the state.

Our top pick: LendYou Short-term Loans

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: You must be a US citizen or permanent resident, age 18+ and have a regular income.
  • Simple application
  • Quick decision
  • Bad credit OK

Our top pick: LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: You must be a US citizen or permanent resident, age 18+ and have a regular income.
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How does South Dakota law affect payday loans in Pierre, SD?

Short-term lenders in Pierre are governed by South Dakota Codified Laws 54-4-36 et seq. Out-of-state lenders that provide online loans to residents of Pierre also have to adhere to the same set of laws. This means no matter which lender you choose, you won’t be able to borrow more than $500 at an APR of 36% or less.

Loan terms aren’t specified by state law, so you’ll have to read your contract and discuss it with your lender to learn when your loan will need to be repaid.

Must read: Why are there so few short-term lenders in South Dakota?

Payday lenders are known for charging interest rates well into the hundreds of percents. Because South Dakota prevents lenders from doing this, many choose not to conduct business in the state. You should consider other options if you aren’t able to find a lender that meets your needs.

Compare short-term loans available in Pierre, SD

Updated April 19th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
$2,600
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
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.
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 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.
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.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.

Compare up to 4 providers

How to apply for a payday loan in Pierre

Depending on your lender, you may be able to apply online or in store. In general, you’ll need to have a regular source of income, be a US citizen or permanent resident and be at least 18 years old.

No matter where you go, most lenders have a similar application process.

  1. Visit the lender’s store or browse the table above to get started.
  2. Fill out the application with your personal information, including your Social Security number and bank account details.
  3. Provide proof of income, employment and residency. You may have to scan or fax this information.
  4. Submit your application and wait for an approval notice.

Every application is different, but provided you have all the information lenders needs close by, you should be able to finish it in a matter of minutes. Your lender may take a few minutes to process your application and get back to you. If approved, you may be able to pick up your funds at a branch location in Pierre or have the money transfered into your bank account.

Short-term loans in Pierre, South Dakota

Short-term loan locations in Pierre

  • EZ Payday Advance. 1217 E Wells Ave, Pierre, SD 57501
  • Direct Check. 633 E Sioux Ave, Pierre, SD 57501
  • Money Station. 1009 E Wells Ave, Pierre, SD 57501

What are my other short-term loan options in Pierre?

Fortunately for your wallet, all short-term loans in South Dakota have their interest rates capped at 36%. When exploring your other options, make sure your lender isn’t charging more than this.

  • Installment loans. Installment loans are similar to payday loans, but you’ll have longer to repay. Since South Dakota doesn’t specify a term, some lenders offering payday loans in Pierre might also offer installment loans with terms lasting multiple months, making it easier to pay back what you owe.
  • Auto title loans. Title loans are legal in South Dakota. Lenders must abide by the 36% interest rate cap in addition to a term limit of just 30 days. However, this quick turnaround can be difficult for many borrowers, especially since you risk losing your vehicle if you default.

Bottom line

Because South Dakota has a strict cap on payday loan interest rates, it can be difficult to find short-term lenders in Pierre. That doesn’t mean you’re completely out of luck, though. Explore our guide to payday loan alternatives to find other options available.

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US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

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.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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