South Dakota Payday Loans
You bounce a check or are late on bills and you pay a penalty fee. You get a payday loan and you pay an interest rate. But no matter what it's called or how it's measured, the cost is in dollars. So sometimes payday loans are the cheapest option. This page has what we have found are the lowest online loan rates for people living in South Dakota. If you know of a online lender with cheaper rates for your state, please contact us.
PaydayOne.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $22.50 | $122.50 | 586.61% |
| $150 | $33.75 | $183.75 | 586.61% |
| $200 | $45.00 | $245.00 | 586.61% |
| $250 | $56.25 | $306.25 | 586.61% |
| $300 | $67.50 | $367.50 | 586.61% |
| $350 | $78.75 | $428.75 | 586.61% |
| $400 | $90.00 | $490.00 | 586.61% |
| $450 | $101.25 | $551.25 | 586.61% |
| $500 | $112.50 | $612.50 | 586.61% |
Terms
The maximum payday loan for South Dakota residents is $500The maximum loan term is 41 days.
Requirements
You must be at least 18 years old and have:- A job or proven source of income
- An email address
- A verifiable phone
- A checking account in good standing (PayDay One defines an account in good standing if it shows 30 days of transaction history without any non-sufficient fund transactions, returned checks, overdraft charges, or negative account balances.)
Guarantee
If you find a lower price from another similarly licensed online lender we'll match it.CashCentral.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $25 | $125 | 651.79% |
| $200 | $50 | $250 | 651.79% |
| $300 | $75 | $375 | 651.79% |
| $400 | $100 | $500 | 651.79% |
| $500 | $125 | $625 | 651.79% |
Terms
The maximum payday loan for South Dakota residents is $500.The maximum loan term is 18 days.
Requirements
You must be at least 18 years old and:- Have been employed three months or longer.
- Take home a minimum of $1,000 monthly (after taxes).
- Have a valid checking account in your name.
- Have current (and valid) home and work telephone numbers.
- Be a U.S. citizen.
Relevant Legal Excerpts for South Dakota Payday Loans
Section 54-4-58. Information required in contract.
The licensee shall disclose in any loan contract the following:
(1) The amount and date of the loan;
(2) The amount of the down payment, if any;
(3) The dates any payments are due and the amount of payments;
(4) A list of any property used to secure the loan;
(5) Any liens or title filings required;
(6) The method used to compute the charges;
(7) An explanation of any fee or charge, including the cost of the loan as an annual percentage rate (APR);
(8) Any fee or charge that may be applied for delinquency;
(9) The conditions for an extension of payment or maturity of the loan;
(10) Refinancing requirements, including any fee or charge; and
(11) The address and telephone number of the Division of Banking and that any improprieties in making the loan or in loan practices may be referred to the division.
The licensee shall provide a copy of the loan contract to the debtor. A violation of this section is a Class 2 misdemeanor.
Section 54-4-65. Limitation on renewal, rollover, or flip of short-term consumer loan—fee.
No licensee may renew, rollover, or flip a short-term consumer loan more than four times. No renewal, rollover, or flip is valid unless, at the time of the renewal, rollover, or flip, the debtor pays the outstanding fee and reduces the principal amount of the loan as provided in this section. Upon the first renewal, rollover, or flip and each subsequent renewal, rollover, or flip, the debtor shall reduce the principal amount of the loan by not less than ten percent of the original amount of the loan.
Section 54-4-66. Maximum amount of payday loan—violation as misdemeanor.
The maximum principal amount of any payday loan, or the total outstanding principal balances of all payday loans made by a licensee to a single borrower, may not exceed five hundred dollars at any time. A violation of this section is a Class 1 misdemeanor.
DISCLAIMER: The documentation on this site is for informational purposes only and is not intended to be a legal substitute for the official versions. There is no guarantee for accuracy, completeness, or timeliness of the information provided. Refer to the lender for the fees charged or other loan questions. Consult with your legal advisor for help in interpreting individual statutes. All ownership rights for the material not original to this site remain with the respective copyright holders.