South Dakota Rates & Terms

Personal Loan

Loan Amounts

$1,000 – $10,000

APR Range

34% – 36%

Loan Duration

6 – 60 months

Check Your Eligibility

This won't affect your credit score.

Fees

Origination Fee:

On loans with an interest rate of 36% or less, a 5% origination fee will be deducted from the amount of the loan. Interest rate is distinct from APR, and you can learn more about the difference at our FAQ.

Late Fee:

You may be charged a late fee of $15 if you fail to make all or any part of a scheduled installment payment within 10 days of its scheduled installment due date.

Typical Loan Example

This is Derek.

  • Derek applies and is approved for a personal loan of $4,954.
  • His loan's APR is 35%.
  • He customizes his loan duration to make sure his monthly repayment is manageable.

Here’s what his repayment will look like.

Loan Duration

40 months

Monthly Repayment

$211

Loan terms vary based on application details and qualifications.

Origination Fee Example

This is Joyce.

  • Joyce applies and is approved for a personal loan of $3,000.
  • Her loan's interest rate is 32.60%.
  • Because her interest reate is less than or equal to 36%, she is charged a 5% origination fee.
  • Taking her interest rate, origination fee and other factors into account, her loan's APR is 35.70%.

Here’s how that looks after her 5% origination fee is assessed.

Loan Amount

$3,000

Amount Deposited in Account

(Amount requested - 5% origination fee)

$2,850

State Regulator Information

We are proud to operate in compliance with South Dakota regulations.

If we are unable to address your questions or concerns, you can also contact your state regulatory agency:

SD Division of Banking
1601 N Harrison Ave., Suite 1
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
Email: banking@state.sd.us
dlr.sd.gov

Check Your Eligibility

This won't affect your credit score.