Short-term loans in Pierre, South Dakota | finder.com

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

If you live in Pierre and need of quick access to money, a short-term loan might be able to help.

It can be difficult to stay on top of bills when competing financial priorities need your attention. Short-term loans are designed to help you through your next payday so you can meet all your obligations. If you live in Pierre, check out this guide to see how short-term loans work and if it’s a good option for you.

How does South Dakota law affect Pierre?

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 that no matter which lender you choose, you won’t be able to borrow more than $500 at an APR of 36%.

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.

All of South Dakota short-term loan law is outlined here

Online short-term loans you can compare

Rates last updated February 17th, 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 Maximum Loan Amount Term of Loan Turnaround Time Requirements
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.
$250
7–30 days
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
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.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Payday 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
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

Why you might want to check out short-term lending in Pierre

  • No maximum terms. There are no maximum terms set by the state of South Dakota. However, there are no minimum terms either, meaning your payday loan might have quite short or quite lengthy terms, making it necessary to compare your options.
  • Rollovers and renewals. You can rollover or renew your payday loan up to four times as long as you pay at least 10% of the original loan amount. There’s no maximum limit to the number of payday loans you can have concurrently.
  • Limit on APR. Unlike other states, South Dakota stops lenders from trying to charge more than 36% APR. This means the cost of your loan will be much less. Always make sure your lender is abiding by this law to protect your financial interests.

Josh needs extra money to repair his car

payday loan pierre

After a month of asking for rides and struggling to get to work, Josh decided it was time to take out a loan to pay for his car repairs. The credit limit on his credit card insufficient to cover the costs, and his bad credit meant he wouldn’t qualify for a personal loan. Josh knew his best option would be to find a short-term lender.

He compared his options and applied for a loan of $400 online. Because South Dakota caps financing rates and fees at 36%, Josh only had to pay $5.52 for his loan. The lender set the payback term at 14 days.

Josh had the money deposited into his account the next business day. He paid for his car and picked up a few extra shifts at work to pay for his loan. At the end of the loan term, $405.52 was debited from his bank account without a problem. Since he had enough to pay, Josh was able to avoid the $20 late charge and get around town worry free.

How to apply for a short-term loan in Pierre

Whether you apply online or in-store, you’ll have to meet some basic eligibility criteria. Almost every lender requires that you be 18 years old, a citizen or permanent resident of the US and that you have a regular source of income.

Filling out the application is relatively simple. You’ll need to give the lender your Social Security number, information about your employment, your income and a way to contact you. If you’re applying online, lenders will require you to give access to your checking account so they can deposit your loan and debit the payment when it’s due. If you’re applying in-store, you’ll have to bring a check with you or agree to give access to your checking account.

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.

Short-term loans near you 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

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 don’t find a loan with terms you agree with.

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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.