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Compare your loan options in South Dakota

Payday loans in South Dakota have an interest cap to protect consumers

If you’re short on cash and need a small amount to get by, a payday loan might be a decent option for you. South Dakota has limits on how much a lender can charge, making it a much safer prospect than payday loans in other states.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    How do payday loans in South Dakota work?

    Payday loans are governed by South Dakota Codified Laws 54-4-36 et seq. and must be licensed to operate. If a lender violates the state limits, it is a Class 1 misdemeanor, so be sure you know the laws and check lender licenses before applying to be sure you’re working with a legit lender.

    • Maximum loan amount: $500
    • Loan term: Not specified
    • Maximum APR: 36%
    • Finance charge: A 14-day $100 loan costs $1.39
    • Collection fees: Not specified

    State laws don’t specify the maximum number of payday loans you can have out at once.

    Here are some payday lenders you might want to consider

    Check the websites of any providers you’re interested in to confirm they operate in South Dakota.

    Rates last updated December 11th, 2017
    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 short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    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

    How do I apply for a payday loan?

    Applying for a payday advance in South Dakota is easy. You can walk into any storefront or you can submit an online application. To apply, you’ll have to meet these eligibility criteria: you should be at least 18 years of age, be an American citizen or permanent resident and have a regular source of income.

    Although applications differ between lenders, you’ll have to supply some personal information like your name, date of birth, Social Security number and a valid form of ID. Lenders will also want to know about your employment status and income. If you’re applying online, you’ll also need to provide details about your checking account.

    Should I consider any other options besides payday loans?

    When you’re facing normal bills and unexpected expenses, it can be difficult to balance your budget. South Dakota offers a few programs to help you out. Low Income Energy Assistance, Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF) can all be useful when you’re trying to get by.

    There are a quite a few other options you can check out

    Bottom line

    Whether it’s a car repair or medical expense, a payday loan can be helpful when you’re trying to get by. South Dakota caps interest at 36% to protect consumers from overly expensive loans. Be sure your lender is abiding by the law before you apply so you get the best rates possible.

    Have any more questions about South Dakota payday loans?

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    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.