Skip to main content
Quick Payday Loans Up To $5,000

South Dakota Payday Loans Online

Lorraine Roberte
Lorraine Roberte

Lorraine is a freelance writer who specializes in digital marketing and personal finance. She has written for well-known sites such as Thrive Global, Elephant Journal, Red Tricycle and Tweak Your Biz.

Do you struggle to meet ends from paycheck to paycheck? Do you find yourself needing money to pay some additional bills like car repairs or home repairs? With payday loans, you can solve this problem quickly and easily. Apply for a payday loan in South Dakota and get your money within a day.

Are Payday Loans Online Legal in South Dakota?

South Dakota used to be the paradise for payday loans. Lenders were able to charge three-digit interest rates. In 2016, the legislature in South Dakota changed the law, and now lenders can charge 36% on small cash loans. Due to that, the number of lending companies decreased in the past few years.

Payday loans in South Dakota are legal, but there are some regulations:

  • The lender should be licensed by the Division of Banking in South Dakota
  • The loan limit is up to $500
  • The parties are obliged to sign a contract regarding the important information and financial charges
  • The charges are up to $1.39 for an amount up to $100, and the due date is two weeks
  • The minimum loan period is 13 days
  • 4-time renewal is not allowed for the loan.

How to Qualify for a Payday Loan in South Dakota?

You can apply for a payday loan in South Dakota by using the internet. You have to fill out the application form and provide the documents required by the lender. These are some of the conditions for getting a payday loan in South Dakota

  • You have to reside in South Dakota and be at legal age by US Law
  • Be employed for at least one year
  • To provide a valid ID and social security number
  • To provide proof of income and employment
  • Provide a contact number and email address so the lender can contact you.
  • Have an active bank account, and you are not filing for bankruptcy

Advantages of Payday Loans in South Dakota

  • For people that have an emergency and need cash fast, this may be the best option on the market. Although these kinds of short-term loans involve high-interest rates and charges, there are some advantages of getting a payday loan in South Dakota.
  • If you are far away from good credit history, you can apply for a payday loan and get approved. The lenders focus on your income to repay the loan and not the credit score.
  • There are only a few requirements to get a payday loan.
  • The whole process is fast and easy, and it can take up to a day or two.

South Dakota lenders will allow you to apply for additional loans when you settle the first one.


As mentioned above, payday loans are short-term plans with interest rates and finance charges. They are excellent in helping people to get through emergency situations. Too many loans at the same time may be hard to repay, and the finance charges will be enormous, and you can fall into a circle of debt.

Plagiarism checker: