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Payday Loans in Charleston, SC

Compare 0 licensed lenders • Fast approval • Same-day funding

Max Loan
$1000
Active Lenders
0
Approval Time
15 min
Population
150,227
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About Payday Loans in Charleston

Charleston is one of South Carolina's larger cities with 150,227 residents and a median household income of $62,647. The local economy is driven by manufacturing and automotive, along with tourism and agriculture. The cost of living is 10% below national average, and the local unemployment rate of 3.7% is below the national average. Many workers in service, retail, and gig economy roles turn to short-term loans when faced with sudden expenses or income gaps between pay periods. South Carolina regulates payday loans at 391% APR (15% fee), with SC Consumer Affairs providing oversight for Charleston consumers.

Key Industries: manufacturing, automotive, tourism, agriculture
Median Income: $62,647
Cost of Living: 10% below national average (index: 90)

Charleston Economic Profile

Population
150,227
Median Income
$62,647
Cost of Living
90
10% below national average
Region
Deep South
Cost of Living Index 90 / 200
Low Cost National Avg High Cost

Key Industries

manufacturing automotive tourism agriculture

Payday Loan Key Facts – Charleston, SC

Max Loan Amount $550
APR / Fee Structure 391% APR (15% fee)
Max Loan Term 31 days
Cooling-Off Period 1 business day
State Regulator SC Consumer Affairs
Active Lenders 0 licensed in SC
City Population 150,227
Avg. Household Income $62,647
Cost of Living 10% below national average (index: 90)

Source: State regulatory databases, U.S. Census Bureau, Bureau of Labor Statistics. Data verified January 2026.

South Carolina Payday Loan Regulations

South Carolina Payday Loan Regulations

Max Loan Amount:$550
Max Term:31 days
Typical APR:391%
Cooling-Off:None
Rollover Allowed:Yes

Payday loans in South Carolina are regulated by Board of Financial Institutions. Maximum $550.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

Compare Lenders in Charleston

0 licensed lenders serving Charleston, SC

*Rates and terms vary by lender and applicant. All lenders listed are licensed in SC.

Payday Loan Cost Comparison – Charleston

See how costs change with different loan amounts in South Carolina

💰 Small Loan 14 days
Loan Amount
$300
APR / TAE 391%
Finance Charge $44.99
Cost per $100 $15.00
Total Repayment $344.99
Apply for $300 →
💵 Medium Loan 14 days
Loan Amount
$500
APR / TAE 391%
Finance Charge $74.99
Cost per $100 $15.00
Total Repayment $574.99
Apply for $500 →
🏦 Large Loan 30 days
Loan Amount
$550
APR / TAE 391%
Finance Charge $176.75
Cost per $100 $32.14
Total Repayment $726.75
Apply for $550 →
Representative examples for Charleston, SC. Actual rates vary by lender, credit profile, and loan terms. South Carolina regulatory rate: 391% APR (15% fee). Cooling-off period: 1 business day. Always review your loan agreement before signing.

How to Get a Payday Loan in Charleston

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Frequently Asked Questions – Charleston

How do I get a payday loan in Charleston, SC?
To get a payday loan in Charleston: (1) Be 18+ with valid government ID, (2) Have an active checking account, (3) Show proof of income (pay stubs or bank statements), (4) Provide your Social Security number. Most Charleston lenders approve applications within 15 minutes and deposit funds the same or next business day. South Carolina loans are regulated by SC Consumer Affairs.
What is the maximum payday loan amount in Charleston?
In South Carolina, including Charleston, the maximum payday loan is $550. The regulated rate is 391% APR (15% fee). A 1 business day cooling-off period applies between loans. Verify current limits with SC Consumer Affairs.
How long does it take to get money in Charleston?
Most lenders serving Charleston provide same-day or next-business-day funding. If approved before 10 AM on a weekday, you may receive funds within hours via direct deposit to your checking account. Weekend applications are typically processed on Monday. ACH transfers may take 1–2 business days, while some lenders offer instant funding for an additional fee.
Can I get a payday loan with bad credit in Charleston?
Yes. Many lenders serving Charleston, SC approve borrowers with poor or no credit history. These lenders focus on your current income and ability to repay rather than your credit score. However, expect higher APR and lower initial loan amounts. Compare multiple offers to find the lowest total cost.
What documents do I need for a Charleston payday loan?
You'll typically need: (1) Valid government-issued photo ID (driver's license or state ID), (2) Proof of income (recent pay stubs, bank statements, or tax return), (3) Active checking account information (routing and account numbers), (4) Social Security number for identity verification. Some South Carolina lenders may also request proof of Charleston residency (utility bill or lease).
What is the APR for payday loans in Charleston?
391% APR (15% fee). This rate is set by SC Consumer Affairs and applies to all licensed lenders in Charleston. Always review the full fee schedule in your loan agreement.
What happens if I can't repay my payday loan in Charleston?
If you cannot repay on time in Charleston, SC: (1) Contact your lender immediately — many offer payment plans or extensions, (2) South Carolina requires a 1 business day cooling-off period between loans, preventing immediate rollover, (3) Late fees and collection actions may follow, (4) Unpaid loans may be reported to credit bureaus, (5) Contact SC Consumer Affairs if you believe a lender is violating South Carolina law. Never take a new payday loan to pay off an existing one.
Do I need to visit a storefront in Charleston?
No. All lenders listed on Credizen for Charleston operate 100% online. You can apply from home, receive approval electronically, and get funds via direct deposit — no storefront visit required. While some brick-and-mortar lenders operate in Charleston, online applications are faster and allow you to compare multiple offers simultaneously.
What are the alternatives to payday loans in Charleston?
Before taking a payday loan in Charleston, consider: (1) Credit union payday alternative loans (PALs — max 28% APR), (2) Payment plans with your creditor or utility company, (3) Employer paycheck advance programs like Earnin or DailyPay, (4) South Carolina emergency assistance programs, (5) Nonprofit financial counseling services, (6) Personal loans from banks (often 6–36% APR). Payday loans carry high costs — explore all options first.

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How We Research Payday Loans in Charleston

Our editorial team verifies all lender information, state regulations, and fee structures against official sources. This page for Charleston, SC was last reviewed and updated in January 2026.

Sources & References

  • • SC Consumer Affairs — South Carolina lending regulations
  • • CFPB — Federal consumer protection guidelines
  • • U.S. Census Bureau — Charleston population & economic data
  • • Bureau of Labor Statistics — Income & cost of living estimates

Our Standards

  • • All lenders are verified as licensed in SC
  • • APR and fee data cross-checked with state records
  • • Content reviewed by financial services professionals
  • • Read our full editorial policy

Important Information

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Charleston, South Carolina may change. Always verify current regulations with your state's consumer financial protection agency before applying.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you're matched with. Credizen is a comparison platform – we do not directly provide loans.

For consumer protection resources, visit the CFPB .

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Emergency Financial Help

If you're experiencing financial difficulties, contact your local financial counseling service.

  • South Africa: National Credit Regulator - 0860 627 627
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  • Poland: KNF - 22 262 5000
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