Payday loans in South Dakota: what the law allows
No. South Dakota doesn't allow payday loans at typical payday costs. South Dakota doesn't allow car title loans at typical title loan costs.
South Dakota
Payday loans
Not allowed
Car title loans
Not allowed
“However, no licensee may contract for or receive finance charges pursuant to a loan in excess of an annual rate of thirty-six percent, including all charges for any ancillary product or service and any other charge or fee incident to the extension of credit. A violation of this section is a Class 1 misdemeanor. Any loan made in violation of this section is void and uncollectible as to any principal, fee, interest, or charge.”
South Dakota Division of BankingLook up a lender's license
Checked 2026-09-15. Laws change; confirm with the regulator before you borrow.
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Common questions
Are payday loans legal in South Dakota?
No. South Dakota doesn't allow payday loans at typical payday costs.
Are car title loans legal in South Dakota?
South Dakota doesn't allow car title loans at typical title loan costs.
How do I check a lender's license in South Dakota?
Look the lender up with South Dakota Division of Banking, which licenses lenders in South Dakota.
Do these rules protect service members?
Yes. The Military Lending Act limits payday and car title loans for covered service members to 36%, in every state.
Information, not legal advice. Laws change; confirm with the state regulator.