Payday Loans in South Carolina
South Carolina permits licensed deferred-presentment transactions for up to 31 days. The amount advanced may not exceed $550 excluding the permitted fee, and the fee may not exceed 15% of principal.
South Carolina legal category: Deferred Presentment Service · South Carolina Deferred Presentment Services Act, Title 34 Chapter 39
South Carolina payday loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Deferred Presentment Service
- Maximum amount in this regime
- $550
- Term
- Up to 31 days
- 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
The total amount advanced to a customer at one time may not exceed $550, exclusive of the fee allowed by §34-39-180(E).
A deferred-presentment agreement may defer presentment or deposit for no more than 31 days.
Interest, fees and repayment
The agreement must disclose the fee in dollars and as an effective APR. The statutory pricing rule is a fee cap rather than one nominal-interest APR ceiling.
The fee or other consideration may not exceed 15% of the principal amount and may be imposed only once per written agreement.
The check is held until the agreed date. The transaction may not be repaid from the proceeds of another deferred-presentment check accepted by the same licensee or an affiliate.
Rollovers, refinancing and early payment
- Rollover allowed?
- No
A licensee may not renew or otherwise extend presentment beyond the period stated in the written agreement, and may not use a new deferred-presentment transaction to repay the prior one. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
The statute does not map neatly to a generic installment-style prepayment rule; the agreement and database eligibility rules govern the transaction.
South Carolina borrower protections
- Deferred-presentment providers must be licensed and use the state eligibility database.
- Amount advanced is capped at $550, excluding the permitted fee.
- The fee may not exceed 15% of principal and may be imposed only once per agreement.
- Renewal/extension beyond the agreement is prohibited, and a new deferred-presentment transaction cannot be used to repay the prior one.
South Carolina loan cost calculator
How to verify a lender in South Carolina
Regulator: South Carolina State Board of Financial Institutions, Consumer Finance Division.
Deferred Presentment license
Official sources
- South Carolina Code Title 34 Chapter 39 — Deferred Presentment Services · primary
- South Carolina Consumer Finance Division — Deferred Presentment · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.