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Best Loans in South Dakota: Compare Online

Written by:  Joe Chappius
|
Last updated: May 6, 2024

Financer.com helps you compare online loan rates in South Dakota. Compare different loan options in SD and read more about the payday loan laws in the state.

  • Compare lenders online
  • Find a loan in South Dakota
  • Compare loan rates and apply

How to Compare Loans in South Dakota

How to Compare Loans in South Dakota
1
Choose your loan amount
Choose the amount of money you want to borrow
2
Compare loan rates
Filter the results based on your needs and compare loan rates
3
Choose the best offer
Choose the best offer from leading lenders
4
Complete the application
Click Get Started and complete your application online

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Online Loans in South Dakota

We've seen a decline in the number of unsecured loans that banks provide in the past few years. While it may be challenging to get a personal loan from a bank, you could still get financing by taking a payday loan.

The way payday loans are governed varies from state to state, and the laws in South Dakota are quite different from the laws set in other states.

Compare online loans in South Dakota with our loan comparison tool above, or read more about online payday loan laws in South Dakota below.

The Advantages of Online South Dakota Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Payday Loan Alternatives in South Dakota

South Dakota online payday loans may not appeal to everyone. Fortunately, there are many other ways residents of South Dakota can cover their financial needs. These include:

South Dakota Payday Loan Regulations

Legal Status Legal
Interest Rate (APR) 36% small loan cap
Max. Loan Amount $500
Min. Loan Term Not specified
Max. Loan Term Not specified
Number of Rollovers 4
Finance Charges $1.39 per $100
Statute of Limitations 6 years
Database Tracking No
Updated August 2 2022

Online Payday Loans in South Dakota

Lenders are expected to abide by South Dakota state regulations as they carry out business in this state. Learn more about these regulations here.

A South Dakota short-term cash advance cannot be more than $500. A loan worth $100 given for two weeks will be charged with $1.39. APR for all loans is capped at 36%.

Unlike most states that prohibit renewals, this is actually allowed in South Dakota State up to 4 times.

However, there is one requirement that must be met. All fees must be covered before the agreement renewal. A borrower must be provided with a written notice and contract prior to the renewal.

As a borrower in South Dakota, you have an obligation to read all loan terms and conditions before signing an agreement. Don’t skip on the very fine print!

You can cancel the loan during the first day of the loan and there will be limits imposed on interest fees and/or other related fees.

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.
Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Is South Dakota Personal Loan for You?

If you cannot afford to make a purchase or pay down debt on your own, then a personal loan might be the right option for you.

Consumers with a variety of credit situations appreciate personal loans as a great solution for paying off debts.

Personal loans afford you the convenience of making small and timely payments rather than being stuck carrying large balances on credit cards.

You can use this loan to finance home improvements, purchase a car or even cover an emergency situation.

With a good and excellent credit rating of 720 or higher, you can expect to see lower interest rates of between 6% and 10%.

Why Compare Personal Loans at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in South Dakota
Find the Cheapest Payday Loans in South Dakota
Compare Now

What Customers Say About Us

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4.60 based on 325 reviews

from Reviews.io

Compare South Dakota Loans at Financer.com

Financer.com helps you compare the best personal loans in South Dakota and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in South Dakota and take the guesswork out of doing all the legwork yourself.

South Dakota Loans - FAQs

How much can I borrow?

In South Dakota, there are specific loan limits. Payday loans are capped at $550 and lenders can charge no more than 36% APR. The amount you can be approved for depends on your credit score, your loan payment history, and your debt-to-income ratio, among others. By comparing lenders you can choose the best loan rates and terms.

How much do online loans in South Dakota cost?

The cost for online payday loans in South Dakota will vary by lender. However, the maximum APR allowed in SD is 36%. This can often include fees plus the interest rate. According to South Dakota legislation, lenders may charge a maximum finance charge of $1.36 per $100. 

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