Installment Loans in South Carolina
South Carolina provides regulated multi-payment consumer-loan routes through Title 37 and, for covered consumer-finance companies, Title 34 Chapter 29. The current $550–$5,000 selector fits these regimes, but pricing depends on the lender and statutory path rather than one universal rate formula.
South Carolina legal category: Consumer Finance / Supervised Consumer Loan · South Carolina Consumer Protection Code, Title 37 Chapter 3, and Consumer Finance Law, Title 34 Chapter 29
South Carolina installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Consumer Finance / Supervised Consumer Loan
- Maximum amount in this regime
- $7,500
- Term
- For Chapter 29 loans, substantially equal monthly installments are required and maximum maturity rises by cash advance: 24.5 months at $1,000 or less, 36.5 months at $1,001–$1,500, 48.5 months at $1,501–$2,000, and 60.5 months at $2,001–$7,500. Other Title 37 supervised-loan structures can differ.
- Regulator
- South Carolina State Board of Financial Institutions, Consumer Finance Division
- Verified
- 2026-09-07
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in South Carolina
Editorial route aligned with the statutory amount-advanced ceiling. Requests above $550 route to consumer-finance/installment guidance.
Installment Loans in South Carolina
Editorial multi-payment route within broader South Carolina consumer-finance law. $5,000 is the site selector boundary, not the Chapter 29 maximum.
Amount and term limits
Title 34 Chapter 29 covers licensed consumer-finance cash advances up to $7,500. Title 37 defines a broader consumer-loan framework; the current PLS Cash Advance $550–$5,000 route fits within the relevant regulated regimes.
For Chapter 29 loans, substantially equal monthly installments are required and maximum maturity rises by cash advance: 24.5 months at $1,000 or less, 36.5 months at $1,001–$1,500, 48.5 months at $1,501–$2,000, and 60.5 months at $2,001–$7,500. Other Title 37 supervised-loan structures can differ.
Interest, fees and repayment
South Carolina does not have one universal APR formula for every non-depository installment loan. The applicable ceiling depends on whether the loan is a Chapter 29 restricted loan, another Title 37 supervised loan, or a supervised-financial-organization loan.
Chapter 29 uses amount-based finance-charge schedules plus capped initial charges. Title 37 supervised loans above $600 may use a maximum rate properly filed and posted under §37-3-305, or an 18% annual-rate alternative.
Chapter 29 loans use substantially equal consecutive monthly installments. Title 37 also imposes repayment requirements on specific supervised-loan categories.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Renewal restrictions vary by loan category; this page does not collapse them into a payday-style rollover flag. - Prepayment penalty allowed?
- No
Title 37 §37-3-209 allows a debtor to prepay a consumer loan in full at any time without penalty, subject to statutory rebate rules. Chapter 29 also requires refund or credit of unearned charges when a covered loan is prepaid.
South Carolina borrower protections
- Consumer finance companies and supervised lenders are licensed and examined by the South Carolina Consumer Finance Division.
- Chapter 29 loans have amount-based finance-charge and maximum-term rules.
- Title 37 requires supervised lenders to comply with filed/posted maximum-rate schedules or another applicable statutory ceiling.
- Consumers may prepay covered consumer loans in full without penalty, with statutory rebate rules for unearned charges.
South Carolina loan cost calculator
How to verify a lender in South Carolina
Regulator: South Carolina State Board of Financial Institutions, Consumer Finance Division.
Supervised Lender and/or Restricted Lender / Consumer Finance license, depending on product
Official sources
- South Carolina Consumer Protection Code — Title 37 Chapter 3 · primary
- South Carolina Consumer Finance Law — Title 34 Chapter 29 · primary
- South Carolina Consumer Finance Division — Consumer Lending · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.