Payday Loans in South Dakota (SD)

Known as a highly professional online loan broker in America, Weloans helps you connect with the most suitable lenders for payday loans in South Dakota. Check out more details in the following section.

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    15 Best Payday Loans & Cash Advance in South Dakota (SD)

    Here we show you detailed infos regarding a list of payday loan lenders in South Dakota. Click on the button below to check more details.

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    South Dakota Payday Loans Regulations

    • Loan Amount (max)


    • Loan Term (max)

      Not specified

    • Finance Charges

      $1.39 for a $100 loan given for 2 weeks

    • APR

    According to regulations in South Dakota, payday loans are Legal.The interest rate can be 36%.You can borrow $500 at most.4 rollovers are allowed. Finance charges is $1.39 for a $100 loan given for 2 weeks. Every borrower must clear the debt within 6 years (from the last payment).

    What Is the Largest Loan Amount in South Dakota?

    The largest payday loan amount allowed in South Dakota is $500.

    Loan Costs Regulations in South Dakota

    For every $100 loan for 2 weeks, the maximum cost is $1.39. Also according to Initiated Measure 21, “No licensee may contract for or receive finance charges pursuant to a loan in excess of an annual rate of 36 percent, including all charges for any ancillary product or service and any other charge or fee incident to the extension of credit. A violation of this section is a Class 1 misdemeanor. Any loan made in violation of this section is void and uncollectible as to any principal, fee, interest, or charge.”

    Cost Calculation For a $100 Payday Loan in South Dakota

    If the term is 14 days:

    APR: 36%

    Loan cost: $100 * 36% * (14 / 365) = $1.4

    Total amount to return: $100 + $1.4 = $101.4

    How Is the Loan Term Regulated in South Dakota?

    The minimum term is 13 days. The law doesn’t set out a maximum term.

    What If a Borrower Requests an Extended Payment Plan

    The lender can either approve this request without imposing any fees or simply deny it.

    Consumer Information


    According to rule changes by the Consumer Financial Protection Bureau, starting from July 2020, lenders are not obligated to check whether a borrower is able to pay back a loan. Think carefully before you decide to borrow a payday loan, and manage your money spending reasonably to avoid debt trap.

    • The number of rollovers allowed is 4.
    • No criminal action against borrowers is allowed.

    To know more about the rules governing payday lending in South Dakota, go to the South Dakota Division of Banking website.

    Receive South Dakota Payday Loans by Cities

    Following is a group of main cities in South Dakota below. Click on the city to know more about payday loan lenders in the city.

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    South Dakota Payday Loan Calculator

    Find out the amount of money you're going to pay for a South Dakota payday loan easily with the calculator below.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

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