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US Cash Advance is a direct payday lender serving South Carolina residents, including Charleston, Columbia, and Greenville. Apply online in minutes for a payday loan up to $550, with a decision the same business day.
South Carolina payday loans at a glance: Payday loans are legal in South Carolina and regulated by the State Board of Financial Institutions under S.C. Code Ann. § 34-39-110 et seq. You can borrow up to $550 for a term of up to 31 days, at an effective APR of about 391%. Rollovers are prohibited, and lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: S.C. Code Ann. § 34-39-110 et seq.
The maximum amount that can be borrowed is $550, with a loan term not exceeding 31 days. The fee charged cannot exceed 15% of the principal amount, resulting in a computed APR of up to 391% for a 14-day term. A license is required to offer these services.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 14 days | 391% | $15 | $115 |
| $300 | 14 days | 391% | $45 | $345 |
| $550 | 14 days | 391% | $82 | $632 |
In South Carolina, the fee for a payday loan is capped at 15% of the principal amount of the transaction, as per S.C. Code Ann. § 34-39-180(E). The maximum loan amount is $550, and the typical loan term is up to 31 days. The lender must show you the exact APR before signing.
South Carolina residents should be aware that payday loan fees are capped at 15% of the loan amount, and the maximum loan term is 31 days. Rates may vary based on the loan term - see S.C. Code Ann. § 34-39-180.
Consumers are protected by a prohibition on rollovers and a mandatory 1-day cooling-off period between loans. Licensees must offer an extended payment plan once per year, and all transactions must be recorded in a state database to prevent excessive borrowing.
Complaint Agency: South Carolina Board of Financial Institutions (File a complaint)
Verify Lender License: https://www.scstatehouse.gov/code/t34c039.php
South Carolina law requires lenders to offer an Extended Payment Plan (EPP) if you are unable to repay your payday loan on the original due date. An EPP lets you repay the loan over a longer period without additional finance charges.
Rollover policy for South Carolina: no. South Carolina imposes a 1-day cooling-off period between loans to prevent continuous debt cycles. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
South Carolina requires payday lenders to report loan transactions to a state-licensed database. This database helps regulators enforce per-person loan limits and cooling-off periods, and prevents borrowers from taking out simultaneous loans from multiple lenders. When you apply for a payday loan in this state, the lender will query the database to verify your eligibility before funding.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in South Carolina, regulated under S.C. Code Ann. § 34-39-110 et seq. Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
A payday loan in South Carolina is a small, short-term loan you repay by your next payday. Under S.C. Code Ann. § 34-39-110 et seq, you can borrow up to $550 for up to 31 days, and the lender's fee works out to an effective APR of about 391%. The lender discloses your exact fee, total, and due date before you sign, and you repay the full amount plus the fee on the due date.
South Carolina caps the fee a licensed lender may charge rather than the APR, so there is no statutory maximum APR. On a typical short-term payday loan the effective APR works out to about 391% under S.C. Code Ann. § 34-39-110 et seq. Your actual cost depends on the loan amount and term, and the lender must disclose the exact APR and fees in your agreement before you sign.
In South Carolina, the maximum payday loan amount is $550 under S.C. Code Ann. § 34-39-110 et seq. Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
In South Carolina, a payday loan term runs up to 31 days under S.C. Code Ann. § 34-39-110 et seq. The due date is usually tied to your next payday and is stated in your loan agreement. Repaying on time avoids rollover fees and extra finance charges.
No. In South Carolina, payday loan rollovers are not allowed under S.C. Code Ann. § 34-39-110 et seq. You cannot extend the loan by paying only the fee and pushing back the due date, a practice that fuels long-term debt. If you cannot repay on time, ask the lender about an extended payment plan.
Yes. South Carolina requires a 1-day cooling-off period between payday loans under S.C. Code Ann. § 34-39-110 et seq. After repaying a loan you must wait this many days before taking out another, which limits back-to-back borrowing. The waiting period applies across all licensed lenders in the state.
Yes. South Carolina requires licensed lenders to offer an extended payment plan (EPP) if you cannot repay on the due date under S.C. Code Ann. § 34-39-110 et seq. An EPP lets you repay over a longer period, with at least 28 days to repay and one extended plan per year. Request the EPP before the loan is due; lenders cannot add finance charges for it.
Yes. South Carolina requires payday lenders to check a statewide database before issuing a loan under S.C. Code Ann. § 34-39-110 et seq. The database enforces per-borrower limits and cooling-off periods and blocks simultaneous loans from multiple lenders. When you apply, the lender queries it to confirm your eligibility.
Explore the full US Cash Advance suite of short-term lending options: Payday Loans, Cash Advance, Bad Credit Loans, Same Day Loans, Debt Consolidation, or find a location near you in our South Carolina Locations Directory.