South Dakota lender directory
Payday Loans in South Dakota: Rates Capped at 36%. Here Are the Legal Options
We list no payday loan stores in South Dakota, and South Dakota law caps what lenders can charge. Below is what the law says, and the licensed ways to borrow in South Dakota that we track.
What South Dakota law says
Initiated Measure 21 prohibits all state-licensed money lenders from making a loan with total interest, fees, and charges at an annual percentage rate greater than 36%. This applies to all loans originated, refinanced, rolled over, renewed, or flipped after November 15, 2016.
Source: Initiated Measure 21 (2016) · verified Oct 9, 2026A loan to someone in South Dakota has to stay within this limit unless the lender is licensed or otherwise authorized by South Dakota law to charge more. We list no payday loan stores in South Dakota; the licensed options we track are below.
Licensed lenders in South Dakota
These types of lenders operate legally in South Dakota, each under its own rules and costs. Compare the total cost before you borrow.
If someone offers you a payday loan in South Dakota
Some lenders based in other states or online still advertise payday loans to South Dakota residents. A loan from a lender that is not licensed in South Dakota may not come with the protections that licensed lenders must give, such as cost limits and complaint rights. Before you borrow, check that the lender is licensed in South Dakota.
To report a lender or ask a question, contact the South Dakota Division of Banking.
Questions people ask
Are payday loans legal in South Dakota?
We list no payday loan stores in South Dakota. Initiated Measure 21 prohibits all state-licensed money lenders from making a loan with total interest, fees, and charges at an annual percentage rate greater than 36%. This applies to all loans originated, refinanced, rolled over, renewed, or flipped after November 15, 2016 (Initiated Measure 21 (2016)).
Answers are generated from the listings and verified rules on this page; see Sources below.
Sources
Where the facts on this page come from, and when we last checked them.
- Initiated Measure 21 (2016) · Interest rate cap Last verified Oct 9, 2026 · high confidence
- South Dakota Division of Banking · Licensing and complaints Date not recorded
We re-check sources regularly and show the date each was last verified. Spotted a mistake? Tell us and we'll check it against the source.
CashAdvance is not a lender and does not take applications. Listings are information only, built from public records (such as state license lists) and lenders' own published details. Confirm hours, fees and terms with the lender before you visit or borrow.