A guide to Payday Loans in South Carolina, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in South Carolina?

A: The relevant citation regarding Payday Loans in the South Carolina State Jurisdiction is S.C. Stat. Ann. 34-39-110 et seq.

Q: Are Payday Loans legal in South Carolina? 
A: Yes Payday Loans are legal in South Carolina 

Q: What is the Maximum Cash Advance Loan Amount in South Carolina?
A: The maximum Cash Advance or Payday Loan amount is $300. 

Q: What is the Payday Loan Term in South Carolina?
A: The Maximum Payday Loan Term in South Carolina is 31 days. 

Q: What is the Maximum Rate and Fee for Cash Advance Loans in South Carolina?
A: The Maximum fee for Cash Advance Loans in South Carolina is 15 percent of check. 

Q: What is the Finance charge for 14-day $100 payday loan in South Carolina State?
A: The Finance charge for 14-day $100 payday loan in South Carolina is $17.65. 



Q: What is the APR for 14-day $100 payday loan in South Carolina State?
A: The APR charged for 14-day $100 payday loan in South Carolina is 459 percent. 

Q: Is there a limit on the number of payday loans I can take at one time? 
A: The maximum number of payday loans at one time is not specified. 

Q: How many times can the lender rollover my payday loan in South Carolina? 
A: The lender cannot rollover (renew, extend or consolidate) the payday loan. 

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: No, the lender cannot initiate a criminal action against the borrower 

Q: Can I be charged a collection fee for a payday loan?
A: Yes, Lesser of: NSF fee of $10 or actual charge

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the South Carolina Department of Financial Institutions at:

South Carolina State Board of Financial Institutions
Address: Consumer Finance Division, P.O. Box 11905 Columbia, SC 29211
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulatory Contact: C. Dean Bratton, Commissioner of Consumer Finance
Website: http://www.scconsumer.gov/

Where can I find a payday loan store in South Carolina? 

You can find the store nearest to your location by simply clicking on this link loc: South Carolina