South Dakota Payday Loans and Cash Advances

At our platform, we specialize in payday loan assistance for South Dakota citizens. This means that we are a team of professional approval facilitators. This service will not cost you a thing, but you will benefit greatly from using it. First of all, we guarantee that with our guidance you will be able to get approved for a payday loan in South Dakota, even if you have a bad credit history. Next up, the lenders you can find through our service are all vetted and registered licensees operating legally and with minimal interest rates.

Are payday loans legal in South Dakota?

Payday loans as such are prohibited in the state of South Dakota. However, this makes you as a customer win several times over: the sky-high charges of payday loans do not apply to personal loans that are legal in the state, and you will only pay the maximum of 36% in APR fees. In practice, these are the same payday loans, but without the overpriced fees.

However, these draconian measures applied to lenders in South Dakota made many storefronts close their shops for customers. You will find it rather challenging to find a lender of a bad credit payday loan in South Dakota, but this is exactly where our service turns out to be a life-saver. We still have a considerable number of bad credit score lenders ready to work with new applicants at the minimal fees fixed in the statute (S.D. Codified Laws 54-4-36 et seq.).

How to get a payday loan in South Dakota

Apply online using our platform if you find it hard to find a payday loan lender physical store in the state. The online payday loan application is also a better solution if you are pressed in time and need the money urgently, or if you are concerned about your credit history.

Submit information about you through the application form. Be ready to provide the proof of your being 18 years old or above, a citizen of the U.S. and a resident of the state. Wait for a few minutes while the system is matching you with a perfect lender: you will get an approval notification within several minutes, and your money to the specified bank account within a few hours or on the next day!

What are the minimal and maximal loans I can count on in South Dakota?

In South Dakota, you can get up to $500 – with no minimal payday loan sum fixed in the statute.

What motivates South Dakota citizens to apply for a loan?

The reasons that send South Dakota customers looking for a fast cash advance are as diverse as the applicants themselves. The most popular ones, however, seem to be bills for utilities, healthcare bills, urgent invoices, family expenses that cannot wait, other debts with a looming expiry date, vacationing money and consumer spendings.

Users often ask us:

What is the statute on payday loans if you live in South Dakota?

S.D. Codified Laws 54-4-36 et seq. is the statute that regulates payday loan lending in South Dakota.

How many payday loans can you have in South Dakota?

The number of outstanding loans in the state of South Dakota is not specified or limited by the regulatory statutes.

Here is how you calculate APR for your loan

In order to calculate how much you will pay for using a payday loan in South Dakota, use the following formula:


where LT is the days in the loan term, LA is the loan amount and CL stands for ”cost of loan”.

Let us calculate the charges applied for the loan of $500 issued for the period of 14 days at the APR of 36%:


As a result, you will have the following estimation for your loan:

  • Loan Amount: $500
  • Loan Term: 14 days
  • APR (Annual Percentage Rate): 36%
  • Total Repayments: $506.90
  • Cost of Loan: $6,90

In the next example, we will calculate the cost of using a $250 loan taken out for 31 days:


According to this equation, your payday loan cost and total repayment sum will look as follows:

  • Loan Amount: $250
  • Loan Term: 31 days
  • APR (Annual Percentage Rate): 36%
  • Total Repayments: $507.64
  • Cost of Loan: $7.64

Whenever you feel like talking to an actual professional in payday lending and facilitation, we suggest that you drop us a line. Go to our Contacts page and fill out the form to get in touch with our specialists, and we will get back to you with ideas and counseling, as well as answers about the work of our service, on the same day!