Online Payday Loans in South Dakota – 0% APR Alternatives Available


Do you have a steady source of income, but need some quick cash before your next paycheck? Not to worry – it can happen to the best of us.

You’re going to want to consider all the options available before you make your decision. We’ll go over payday loans in South Dakota and explore safer and more affordable alternatives.

Options For Payday Loans in South Dakota

Payday loans can offer you a quick influx of cash without running a credit check – but be wary. These loans come with high interest rates that make them very risky. Payday loans are legal in South Dakota, but they are heavily regulated because of how dangerous they can be.


  • You have to be at least 18 years old
  • You will need to show proof of regular income and have a bank account.
  • U.S. citizen or permanent resident

Lender will pull your credit

Although there is no credit requirement to take out a payday loan, you risk harming your credit score if you fail to make your payments on time. If you do pay on time – your credit score won’t improve.

 Number of Loans

 In South Dakota, there is no limit on how many payday loans you can have at any given time.

Max Loan Amount

The maximum loan amount in South Dakota is $500. APR is capped at 36% in South Dakota. There isn’t a maximum loan term specified, but you will be allowed 4 rollovers.


You’ll be expected to pay back your loan in full by the due date. If you are unable to, you will be charged additional fees and risk harming your credit score. If you take out another loan to pay off the original – you’ll risk falling into a cycle of debt.

Payday Loan Alternatives in South Dakota

Payday loans can leave you paying a lot more than you initially expected. Check out these safer and more affordable alternatives.


Looking for a cash advance but don’t want to pay the high interest rates payday lenders are charging? Check out Instacash by MoneyLion. It’s the safer and more affordable alternative to payday loans. You can get up to $250 for 0% APR instantly deposited into your bank account when you use the MoneyLion app. There are no credit checks, no interest, and no monthly fee, and you can use Instacash anywhere you are and as often as you need. 

Credit Builder Loans

If you’re looking to borrow a larger amount, but don’t have the credit history to qualify for a low APR – look into a Credit Builder Loan. These loans are ideal for people with little to no credit and are looking to boost their scores.

With a Credit Builder Plus account, you can get a loan for up to $1,000 at a competitive APR – even if you have no credit history. Your funds will be deposited instantly into your bank account. As long as you keep making your payments, your score will likely go up. In fact, most MoneyLion borrowers raise their credit score by over 30 points in their first 60 days!

InstacashCredit Builder LoanLocal Payday Lender
How Much Can You Borrow?$250$1,000$500
Fees & Interest-Free membership
-0% APR
-Competitive APR -$19.99/month feeUp to 36% APR
Impacts Your Credit?NoYes, it builds your credit score. Yes, will harm your score if you miss a payment – won’t ever improve your credit
AvailabilityOnline & MobileOnline & MobileSometimes In-Store, Sometimes Online
Wait TimeInstantly*InstantlyNext business day
Next StepsSign UpSign Up

Take control of your finances

One hiccup shouldn’t alter your entire financial future. MoneyLion believes in keeping your financial goals on track – even if you need a little extra cash once in a while. MoneyLion is your one-stop-shop for zero-interest cash advances, Credit Builder Loans, banking, and investing. Learn more about how MoneyLion can help you reach your financial goals.

Sign Up
Sign Up

Get cash fast, pay no interest

Enjoy Instacash advances up to $250. No credit check, no monthly fee, no interest. Just cash.

Sign Up