Compare Personal Loans in South Dakota

Compare Personal Loan offers online in South Dakota Now. We did the research so you don’t have to. Simply choose the personal loan company that best fits your needs or let us connect to a personal lender that will fit your needs here.

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LenderEstimated APRMin. Credit ScoreAvailable TermsMax Loan Amount
Payoff logo

5.99% - 24.99%

Estimated APR

640

Min. Credit Score

2 to 5 Years

Available Terms

$35,000

Max Loan Amount
See Your Rate

Rate Range*

5.99% - 24.99%

Loan Terms*

2 to 5 Years

$5,000 up to $35,000

Loan Amount Range*

About Payoff Personal Loan & Debt Consolidations

Payoff loans are tailored for debt consolidation with low rates, they offer flexible payment schedules as well as financial guidance. Payoff offers fixed-rate debt consolidation loans to made specifically to pay off credit card debt. On average, Payoffs customers get these loans to cover their debt of $18,000.

Loan Features

Loan Amount

Payoff offers Personal Loan & Debt Consolidations with a minimum loan amount of $5,000 and a maximum loan amount of $35,000.

Loan Term

Payoff offers Personal Loan & Debt Consolidations terms ranging from 2 to 5 Years.

Good For

This loan would be ideal for Anyone overwhelmed by debt with fair to excellent credit that wants to consolidate all their credit card debt into one fixed monthly payment..

Features and Benefits

  • Soft Credit Check
  • Loans funded in 3 to 7 days
  • Origination Fees: 0% - 5.00%
  • Consolidate your credit card debt
  • No late fees

Lender Requirements

  • A minimum credit score of 640
  • A debt-to-income ratio of 50 percent or less
  • At least three years of good credit history
  • Minimum Annual Income: $40,000
  • Minimum Credit History: 2 Years
  • At least two open lines of credit in which you’ve made on-time payments
Prosper logo

6.95% - 35.99%

Estimated APR

640

Min. Credit Score

3 to 5 Years

Available Terms

$40,000

Max Loan Amount
See Your Rate

Rate Range*

6.95% - 35.99%

Loan Terms*

3 to 5 Years

$2,000 up to $40,000

Loan Amount Range*

About Prosper Personal Loans

Applying for a personal loan the traditional way can be daunting. Through Prosper, you can apply for a low-interest loan from the comfort of your home.

Loan Features

Loan Amount

Prosper offers Personal Loans with a minimum loan amount of $2,000 and a maximum loan amount of $40,000.

Loan Term

Prosper offers Personal Loans terms ranging from 3 to 5 Years.

Good For

This loan would be ideal for Individuals with good credit who want to get a loan from and industry leader..

Features and Benefits

  • Soft Credit Check
  • Loans Funded Quickly
  • Fast Funding
  • No Prepayment Penalty
  • Peer to Peer lending

Lender Requirements

  • Be at least 18 years old
  • Have good credit (usually 640+) their average borrower has a credit of 717.
  • Minimum credit history of 2 years
  • Maximum debt to income ratio: 50% (excluding mortgage)
  • Have a checking account in your name
Credible logo

5.99% - 35.99%

Estimated APR

680

Min. Credit Score

2 to 7 Years

Available Terms

$100,000

Max Loan Amount
See Your Rate

Rate Range*

5.99% - 35.99%

Loan Terms*

2 to 7 Years

$1,000 up to $100,000

Loan Amount Range*

About Credible Personal Loans

Credible’s online marketplace allows you to quickly compare offers from multiple lenders to find a competitive rate. They offer unsecured personal loans with a fixed rate.

Loan Features

Loan Amount

Credible offers Personal Loans with a minimum loan amount of $1,000 and a maximum loan amount of $100,000.

Loan Term

Credible offers Personal Loans terms ranging from 2 to 7 Years.

Good For

This loan would be ideal for Individuals with good credit who need a larger personal loan.

Features and Benefits

  • No Cost Service
  • Loans funded as fast as 1 Day
  • Get Multiple Loan Offers
  • No Cost Service
  • Simple and Easy

Lender Requirements

  • Be at least 18 years old
  • Have good to excellent credit (usually 680+)
  • Have a valid Social Security number and be a legal U.S. citizen or permanent resident.
  • Must have a regular source of income
  • Have a checking account in your name

Learn More About South Dakota Personal Loans

A personal loan is a fixed-rate loan offered in South Dakota that can be used to cover the cost of a large expense or to consolidate your debt. Personal loans are unsecured, meaning that no collateral is required to obtain one. They are paid back in monthly installments lasting typically two to five years.

About Personal Loans in South Dakota during 2019:

  • Average Personal Loan Size in South Dakota: $26,137
  • Average Credit Score in South Dakota: 727
  • Percentage of Consumers with a personal loan in South Dakota: 37%
  • Most popular personal loan purpose in South Dakota: Large Purpose

Personal Loan Interest Rates in South Dakota

Personal loan interest rates range from 5.99% up to 35.99%. These rates are based on multiple factors including, but not limited to your credit score, your debt-to-income ratio, employment status, and other accessible alternative data. While lenders may look at multiple data points, your credit score is the most important determinant of your interest rate. A previous article of our took a deeper look into personal loan interest rates in South Dakota.

Average Personal Loan Interest Rate by Credit Score in South Dakota

Average Credit ScoreAverage Interest RateAverage Amount Funded
720+7.25%$ 18,793
680-71911.12%$ 15,622
660-67917.08%$ 11,782
640-65923.56%$ 10,015
620-63931.16%$ 7,806
580-61958.28%$ 6,324
560-579107.13%$ 4,921
Less than 560136.50%$ 3,549

Uses of South Dakota Personal Loans

Personal loans can be used to fund any major purchases or expenses. The most common reasons for personal loans in South Dakota include:

    • Debt Consolidation (most common use) (includes consolidation of credit cards, bills or retail cards)
    • Moving Expenses
    • Unforeseen Auto Expenses
    • Home Improvements
    • Moving Expenses
    • Major Purchases
    • Taxes
    • Medical or Dental
    • Household Expenses

Frequently asked questions about personal loans in South Dakota

F.A.Q.

A personal loan is an unsecured loan offered in South Dakota ranging from as little as $1,000 up to $100,000. These loans carry an interest rate of 5.99% – 35.99% and typically have terms of 2 to 5 years. Personal loans are used for the funding of large purchases, debt consolidation or to cover unexpected expenses.

Whether or not you qualify for a personal loan depends on your credit history, debt obligations, income and for some lenders other factors like your profession or education. While different lenders have different qualification standards, most lenders typically look for a minimum FICO credit score above 600 with a monthly income above a few thousand dollars a month.

You do not need a cosigner to receive a personal loan in South Dakota. However, using a cosigner could help to lower your interest rates or help you qualify if you have a lower credit score and do not qualify on your own.

The answer to this question varies from lender to lender. If you think you might like to pay your loan off early it is important to note whether your lender charges a prepayment penalty fee.

When applying for a personal loan, lenders will need some documentation to verify your identity along with your income. The documentation you will need when applying is:

  • Social Security Number (for credit check)
  • Driver’s License or other form of identification
  • Bank Statements/ Account Information

What to look for in a Personal Loan in South Dakota

When getting a personal loan there are some key factors you should keep in mind when choosing a lender.

  • Shop your options. When applying you need to apply to multiple lenders to get your rates from that lender. We here at SDloan can give you multiple preapproved rates for you to shop though with a simple connection application.
  • If all interest rates offered to you is simply too high. You might want to consider adding a cosigner to your personal loan application.
  • When looking for a personal loan, calculate your estimated payments so that way you know what to expect when you get personal loan offers.
  • Keep fees and penalties in mind. If there are extra fees associated with a loan (ex. an origination fee)
  • Research, research, research. The more informed you are as a consumer you are the better, so research lenders in South Dakota.

The Good and the not so Good of Personal Loans

The Good

  • Lump sum of cash right into your bank account
  • Can be used for just about any large purchase
  • Can get great rates if you have a good credit score
  • There are a lot of lenders offering personal loans in South Dakota
  • Get as little or as much as you need from $1,000 – $100,000

The Not So Good

  • Interest rates can be high if your credit is not ideal
  • Qualifying might be an issue if you have unideal credit.
  • There might be fees attached to your loan
  • Some lenders don’t allow co-singers

Get Personal Loan Offers Now

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Personal Loans