Quick answer
South Carolina is served by the South Carolina State Board of Financial Institutions - Office of the Commissioner of Consumer Finance. Most loan types are available, each with its own limits and licensing requirements. Call (800) 236-7761 or use the form to see which lenders are active in South Carolina today.
South Carolina loan rules at a glance
- Payday max amount
- $550 per transaction, exclusive of allowed fees (S.C. Code 34-39-180(B))
- Payday term
- Up to 31 days (S.C. Code 34-39-180(A))
- Payday cost cap
- Fee or consideration may not exceed 15% of the principal amount, imposed only once per written agreement (34-39-180(E))
- Payday licensing
- Deferred Presentment license required; a separate license for each location (Consumer Finance Division)
- Governing statutes
- Code ch. 34-39, Deferred Presentment Act, S.C. Code 34-39-180(A)-(B, S.C. Code 34-39-180(E
Regulator: South Carolina State Board of Financial Institutions - Office of the Commissioner of Consumer Finance · Phone: (803) 734-2020 · Statutes: Code ch. 34-39, Deferred Presentment Act, S.C. Code 34-39-180(A)-(B, S.C. Code 34-39-180(E · Last verified: 2026-10-08
Loan products in South Carolina
The table below summarises each product's legal status and key limits under South Carolina law. Click a product to see the detailed guide.
| Loan type | Status | Key limits |
|---|---|---|
| Payday loans | Legal | $550 per transaction, exclusive of allowed fees (S.C. Code 34-39-180(B)) |
| Cash advance | Legal | |
| Title loans | Unclear | Check with the state regulator |
| Installment loans | Restricted | State limits apply |
| Bad credit loans | Restricted | Same legal rules as installment unless noted; no separate bad-credit statute found in primary source |
| Debt consolidation | Unclear | Check with the state regulator |
| Refinance | Unclear | Check with the state regulator |
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Cities in South Carolina
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