Payday Loans South Carolina

Payday loans can be a lifeline for some families. They provide short-term relief for those without cash flow because they’re in between paychecks. Payday loans can help those struggling with debt or an emergency.

According to the St. Louis Fed, 12 million Americans use payday loans every year. Although they can provide short-term relief, they don’t come without consequences. Short-term lenders often load their loans with exorbitant interest rates. The Consumer Financial Protection Bureau recommends learning about payday loans before committing to one.

After doing my research, I came up with a list of the ten best online payday loans in South Carolina. The list isn’t in order of best to worst, but rather ease of access. When it comes to getting the best loan, find the lowest fees with the most versatile payment options. These qualities will give you the best chance to pay back your loan without falling further into debt.

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The 10 Best Online Payday Loans in South Carolina

Before I get into the best online personal loans in South Carolina, I should clarify a couple of points. Payday loans are legal in South Carolina, but they require a special license to operate. That’s why many large operators based in California or Texas are unable to operate in South Carolina. Now that we’ve got that covered, let’s check out the best online short-term loans in South Carolina!

1. Lending Bear

South Carolina Lending Bear Payday Loans

As one of the top lenders in the state, Lending Bear prides itself on providing fast, painless online installment loans in South Carolina. The installment loans they offer varies in term length from two to eighteen months, although you can always pay it off earlier. 

Their average APR interest is 324.94%. Lending Bear’s terms are relatively long, so you’ll have plenty of time to pay it off. And since Lending Bear is a state licensed lender, you can be sure their practices are ethical and fair. They even have a 24-hour hotline so you can report issues with your loan.

Lending Bear offers their loans on a repayment schedule that includes six total payments. They offer loans starting at $650 to $1000. They don’t offer larger loans, so if you’re looking for more cash flow, I recommend finding another lender.

To apply at Lending Bear, you need to be a US citizen over the age of 18. You need a bank account that you can prove has income. 

After you apply online, you’ll receive confirmation via email. After you get approved, the process of getting cash into your account is quick and easy. The average amount of time until the money is in your account is one business day.


2. Speedy Cash

Speedy Cash Payday Loans In South Carolina

Speedy Cash has been around for more than two decades when it began operations in California. Since then, Speedy Cash expanded its operations to cover almost the entire USA. Speedy Cash has become a trusted name for short term loans in South Carolina. For most of their loans, you only need to prove income to qualify. 

Speedy Cash offers its customers online installment loans in South Carolina. They offer loans up to $5000 with repayment options that vary from weeks to months. Interest accrues on the principal of your loan daily, so I recommend paying it off sooner than later.

Applying online is a snap, and once you’re approved, you can get your funds instantly. Speedy Cash deposits the money into your account as soon as you sign the documents. Depending on your bank, the transfer may take one business day, though.

Speedy Cash’s APR is 345.18%, but as I mentioned earlier, interest accrues daily on the principal. If you forget about your installment payments, the interest will keep accruing. Paying off this loan quickly is the best value.

3. Rise

Rise Credit South Carolina

Rise is a relatively new online payday loan in South Carolina. They’ve been around since the mid-2010s as a way to provide emergency funds for those in-between paychecks. They offer payday loans ranging from $500 to $5000.

Rise wants to change the way you do business with online payday loans in South Carolina. As you prove you’re reliable with credit, they’ll lower your interest rates. The starting APR is 149% for online payday loans in South Carolina, although that will reduce as you increase your credit.

They also have 24/7 customer support and abundant resources to help you understand your financial position. The free online resources will help you achieve a more secure financial future.

The repayment terms for their installment loans are 26 months. Rise doesn’t have any prepayment penalties, so paying off your loan quickly is attractive. The faster you pay it off, the more money you’ll save.

4. LoanMart

Loan Mart South Carolina

LoanMart offers online title loans in South Carolina. LoanMart’s title loan’s work by backing the loan with something else. In most cases, that happens to be a car. Depending on the model and year of production, your car may entitle you to a sizable loan. 

All you have to do is fill out an online form on their website. Once you complete the form and get approved, LoanMart will pair you with one of their certified lenders. After that, all that’s left is for you to sign the paperwork.

The interest rates on LoanMart’s online title loans in South Carolina are competitive, and they have no prepayment penalties. That means you can have ease of mind when you’re planning out how to pay off the loan. If you pay it off sooner rather than later, you may end up saving a large chunk of cash. 

5. LendYou

South Carolina LendYou Loans

LendYou is an all-online retailer for payday loans. They refer your loan request to a lender who is willing to lend to you based on your credit score and current income. LendYou offers services for payday, installment, and small personal loans.

LendYou’s payday loans range from $100 to $1000, while their installment loans can offer you up to $5000. The APR for payday loans can be as high as 1386%, while their installment loans are only 485%.

Once you apply for a loan with LendYou, they’ll immediately get started pairing you with a registered lender. It’s up to you to hammer out the details with whichever lender you choose to go with.

When it comes to lending aggregators like LendYou, I always recommend doing your own research. They’ll pair you with a lender, but you don’t need to accept them if their rates or fees are out of your price range. If the APR is too high with LoanYou, try another lender on this list.

6. Monevo

South Carolina Monevo Personal Loans

Monevo is another online loan aggregator. They find you loans that fit whatever criteria you have, whether you need the money for an emergency or if it’s just to get you by until your next paycheck. 

Monevo works by partnering with trusted lenders like LightStream and Marcus and then using their state-of-the-art referral system. Using Monevo is free, so searching for a loan won’t cost you a penny. You can browse through dozens of different loan providers before deciding which one works best for your needs.

After you fill out the Monevo application, they share that information with hundreds of different lenders. Loan providers who are interested in lending to you will notify Monevo, who will display those offers to you.

Monevo advertises that they can find loan providers who offer loans from $1000 to $100,000. I suggest using Monevo if you need a large loan because most other lenders don’t offer such large loans. Since Monevo is an aggregator, there are many differences in price among their lenders. Choose the lowest APR and no prepayment fees if you want to get the most out of your loan.

7. ZocaLoans

Zoca Loans South Carolina

ZocaLoans is a retailer for online payday loans in South Carolina. They offer loans to those with bad or no credit. ZocaLoans is part of Rosebud Lending, a corporation based out of South Dakota. It focuses on small, short-term loans.

Since ZocaLoans focuses on small loans, they only offer up to $1500 on their payday loans. These small loans are best for financial emergencies, like a broken car or window. You shouldn’t choose such small loans if you need more liquidity.

Applying for a loan with ZocaLoans is easy as pie! You can apply online, and they’ll make a decision based on your answers within minutes. If they do decide to lend to you, you’ll just need to sign some documents. According to ZocaLoans, some customers receive their funds within 15 minutes.

ZocaLoans’ online payday loans in South Carolina come in the form of installment loans. They’ll give you a set schedule for when you need to make payments. You can even pay the loan off earlier without any penalties. The APR on the installment loans offered by ZocaLoans is 795%.

ZocaLoans also offers a one-time payment extension. As long as you contact ZocaLoans at least two days before the payment, you can extend it without accruing an extra fee.

8. CashNetUSA

South Carolina Cashnet USA PayDay Loans

CashNetUSA offers a line of credit to their South Carolina customers. A line of credit allows you to take out funds when you need them. If your line of credit has more funds than you need, it remains in the account and no interest accrues on it. Interest begins accruing on the money you’ve withdrawn from the line of credit.

You can get a $2800 limit on CashNetUSA’s line of credit. The APR for a line of credit by CashNetUSA is high at 325%, but they offer these to anyone, no matter their credit score. You can either get on an approved installment payment system or pay the loan back earlier without a penalty.

If you’re late on a payment, CashNetUSA will charge you a late fee. CashNetUSA only applies these fees if you are more than ten days late on your payment. The fee will either be 5% of the payment or $7.20, whichever is higher.

After you’ve been approved, you’ll receive access to your line of credit that same day. There’s a minimum withdrawal amount of $50 from your line of credit. When you do withdraw money from your line of credit, you should receive the money in your account within the same business day.

9. MoneyMutual

MoneyMutual South Carolina Personal Payday Loans

MoneyMutual is a loan aggregator that offers its customers online short-term loans in South Carolina. MoneyMutual is a free service that pairs its customers with lenders who are willing to loan to them based on a set of criteria.

To apply for a loan with MoneyMutual, all you need to do is fill out the form on their website. After you finish that, MoneyMutual sends the information to dozens of lending institutions. If they’re interested in taking your loan, you’ll hear from them momentarily. 

Once you decide to take a loan, the money will be in your account in as little as 24-hours. You’ll have to hammer out the details of the loan, like the amount and interest rate, with the lending institution MoneyMutual paired you with. MoneyMutual has no bearing over these figures.

Even though MoneyMutual is part of the Online Lenders Alliance, they do have serious complaints against them. These complaints are mostly to do with the lending institutions MoneyMutual works with. Make sure you choose a trusted institution if you use a service like MoneyMutual.

10. Fast5KLoans

Online Fast5K Loans South Carolina

Fast5KLoans is an aggregator for online payday loans in South Carolina and the rest of the nation. It operates in all 50 states and has more than 100 lenders it sends loan information. With that many potential lenders, it’s not hard to find the right one for you!

After filling out their online forms, Fast5KLoans will redirect you to the lenders who are willing to lend to you based on the results of your form. To apply, you need to be a US citizen over the age of 18 with a bank account currently receiving income. Once approved, you’ll see funds in your account within 24-hours. 

Fast5KLoans is a reputable marketplace for loans. Since they don’t lend to you directly, be careful when you choose a lender. Some APRs can be low, around 6%, while higher rates around 100% are not uncommon. Fast5KLoans’ lenders offer repayment plans for up to 72-months, although I recommend paying it off earlier if your lender gives you that option. 

Although Fast5KLoans advertises that their lenders can offer up to $35,000, loans of that size are very uncommon. Fast5KLoans is best for small, short-term loans that you can pay off quickly. 


Now that you know the various options out there, you can find the best online payday loans in South Carolina. There are plenty of options to choose from, but knowing your financial situation will help you choose the right one. Getting stuck in a debt spiral is the outcome we want to avoid at all costs.

The Consumer Financial Protection Bureau says that you should know your rights before taking out an online personal loan in South Carolina. If you happen to fall behind on payments or are unable to pay the loan, knowing your rights will come in handy.

Some of the important highlights include knowing you can’t be arrested for not paying back your loan and a lender can only garnish your wages following a court order. As someone who receives a loan, you have even more rights, which I recommend viewing on the Consumer Financial Protection Bureau website. 

Payday loans can be a lifeline for some families. Even with the benefits they provide, the risk might be too much for you to bear. So, if you decide a payday or short-term loan is the best move for you, use this list to find the best loan for you!

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