Payday Loans in South Dakota
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Last updated: June 2026
South Dakota Payday Loan Regulations
Payday loans in South Dakota are regulated by Division of Banking. Typical APR 574%.
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.
About Payday Loans in South Dakota
Payday loans in South Dakota are regulated by Division of Banking. Typical APR 574%.
South Dakota is located in the Midwest region of the United States with a population of 886,667.
Key Regulations:
- Maximum APR: 574%
- Maximum loan amount: $500
- Maximum term: 31 days
- Rollovers allowed
- Regulated by South Dakota Division of Banking
Regulatory Authority: South Dakota Division of Banking
Official Website: https://dlr.sd.gov/banking/
Representative Example APR in South Dakota
Payday and small-dollar loan costs vary by lender, amount, and state rules. The example below shows how fees can translate into APR on a short-term loan.
| Loan amount | Term | Fee per $100 | Total repayment | Equivalent APR |
|---|---|---|---|---|
| $500 | 14 days | $15 | $575 | 391% |
Example only. Actual APR and total repayment in South Dakota depend on lender pricing, term length, and state compliance limits.
Cities in South Dakota
Browse all 0 city pages in South Dakota
Frequently Asked Questions – South Dakota
Are payday loans legal in South Dakota?
What is the maximum payday loan amount in SD?
How long do I have to repay a payday loan in South Dakota?
Can I have multiple payday loans at once in SD?
How do I find licensed payday lenders in South Dakota?
What documents do I need for a payday loan in SD?
What is the typical APR for payday loans in South Dakota?
Are there alternatives to payday loans in SD?
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Important Legal Notice
This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in South Dakota may change. Always verify current regulations with the South Dakota Division of Banking before applying. Credizen is a comparison platform and we do not directly provide loans.
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