South Carolina Payday Loans

S.C. Code §§ 34-39-110 et seq.
Status: Legal

Payday loans are legal in the state of South Carolina, pursuant S.C. Code §§ 34-39-110 et seq.  The number of companies offering payday loans in South Carolina currently stands at 576, with the initial loan term standing at a maximum of 31 days and a loan amount of up to $550.

Payday Loan Lending Laws in South Carolina

Under South Carolina law, a lender cannot charge, directly or indirectly, a fee or other consideration in excess of 15 percent of the face amount of the check.  As previously noted, the maximum amount of a loan in South Carolina is $550, with the APR of 390%.  Lenders can charge 15% for every $100 borrowed. The loan time period is restricted to 31 days.  There are no so specific regulations in the account of rollovers and extensions as well as number of outstanding loans allowed. However, there is a restriction for the NSF fees that should not exceed $10 for a check. As in most states that allow cash advance loans, a lender cannot take criminal action against a delinquent borrower.  This means a lender cannot threaten a borrower with jail time or other criminal charges, but they can pursue repayment of the delinquent loans through debt collection and negative credit reports.

When a borrower’s request for a loan is accepted by the lender, the borrower’s information goes into a database used by other payday lenders and the state regulatory agency.  The lender is required to inform the borrower they are doing this, and that the borrower will be prohibited from requesting another short term loan until the original amount is paid.  This means that, unlike some other states, borrowers cannot take out multiple loans from different lenders.  Once that original amount has been paid, the borrower should be eligible to apply for a new loan the next day.  Care should be taken by the borrower to understand all terms of a loan agreement; while being limited to one loan at a time provides both lender and borrower with a sense of security, responsibility for the loan ultimately rests with the borrower.  However, every payday loan lender in South Carolina must provide a borrower with a written agreement signed by the borrower and the lender spelling out the terms of the loan.  The agreement should include the state, the name of the lender, the transaction date, the sum, and all the fees.


To apply for a payday loan in South Carolina, a potential borrower must meet these requirements:

  • Be at least 18 years old
  • Be employed for at least one month.
  • Have an active checking account
  • Be a U.S. citizen or permanent resident.

Lending Rules*

Lenders in the state of South Carolina are legally required to comply by the following limitations according to S.C. Code §§ 34-39-110 et seq.:

Maximum Loan Amount:
Maximum Length of Loan:
31 days
Maximum Finance Rate & Fees:
15% of principal
Finance Charge for 14-day $100 Loan:
APR for 14-day $100 Loan:
Max # Outstanding Loans at One Time:
Not Specified
Rollovers Permitted:
Collection Fees:
Lesser of: NSF fee of $10 or actual charge
Criminal Action:
*The information displayed may not be current. For the most recent information, please visit

Regulatory Information

If you have a complaint against a South Carolina Cash Advance location you can contact your state regulator below:

South Carolina State Board of Financial Institutions
Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
(803) 734-2020
(803) 734-2025

South Carolina Lenders

Below you can find South Carolina payday loan lenders in the following cities:

South Carolina Statistics**

The following information is key demographic data for the state of South Carolina from the Census bureau.

Total Population:
Median Household Income:
Poverty Rate:
Median Gross Rent:
High School Graduate or Higher:
Bachelor's Degree or Higher:
**The information displayed may not be current. For the most recent information, please visit

Borrow Safely, Borrow Responsibly

While cash advance loans can be an effective way to address short-term financial emergencies, the responsibility of understanding the loan terms and repaying the loan rests with the borrower.  Potential users should understand the loan terms including applicable fees and repayment schedules before applying.  Borrowers should also contact the South Carolina State Board of Financial Institutions with any concerns or questions. is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website; however, all information is presented without warranty or guarantee. may receive compensation from our partners, including, but not limited to, clicking on links and lead generation.