Payday Loans in Corona, South Dakota

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No payday loan companies in Corona, SD. Consider companies in other cities:

Company nameAddressZip codePhone number
ATM First Dakota Natl Bank 101 N Main Ave, Sioux Falls, SD 57104 +1 (605) 333 - 8200
Eagle Rock Funding 1 Wakpamni Lake Housing, Batesland, SD 57716 +1 (866) 208 - 5161
Blue Ribbon Mortgage & Investments 2025 Jackson Blvd, Rapid City, SD 57702 +1 (605) 343 - 8087
Central Bank 2104 W 12th St, Sioux Falls, SD 57104 +1 (605) 977 - 5525
Pawn With Us 406 E North St, Rapid City, SD 57701 +1 (605) 341 - 9950
First National Pawn 115 North St, Rapid City, SD 57701 +1 (605) 341 - 6866
Farm Credit Services of America 5011 S Broadband Ln, Sioux Falls, SD 57108 +1 (605) 362 - 5218
Great Western Bank 106 Main St, Garden City, SD 57236 +1 (605) 532 - 3646
Comptroller of the Currency 4900 S Minnesota Ave, Sioux Falls, SD 57108 +1 (605) 336 - 0390
BankWest 1920 N Sanborn Blvd, Mitchell, SD 57301 +1 (605) 995 - 5059

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Corona, SD, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rapid City, SD and Payday Loans in Sioux Falls, SD. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Corona, SD.

Payday Loans Available in Corona, SD By The Following ZIP Codes:

57227

Are Payday Loans Legal In Corona, South Dakota?

Loan Rates and Fees, Laws and Regulations in South Dakota.

South Dakota Loan Regulations

Legal StatusLegal (restrictions apply)
Interest Rate (APR, %)36% small loan cap
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan TermNot Specified
Number of Rollovers Allowed4
Finance Charges$1.39 for a $100 loan given for 2 weeks

Corona, SD payday loan calculator

In Corona, South Dakota, payday loans are a legal way to obtain short-term financing. If you find yourself in a tight spot financially, a payday loan could be the answer to your problems. However, before committing to this type of loan, it is essential to understand all the details.

What is a Payday Loans?

Payday loans are a short-term borrowing option that typically lasts two weeks. They are designed to help individuals who need quick access to cash due to unexpected expenses or emergencies. These loans are also known as cash advances, payroll loans, or paycheck advances.

The application process for payday loans is straightforward, and they are usually approved quickly. The loan amount is typically based on the borrower’s income and varies from $100 to $1,000.

How Do Payday Loans Work in Corona, South Dakota?

Payday loans are legal in South Dakota, but there are specific regulations that lenders must follow. For example, the maximum loan amount is $500, and the loan term cannot exceed 36 days.

The interest rate for payday loans in Corona, South Dakota, is capped at 36%. It is essential to note that lenders may charge additional fees, such as rollover fees or origination fees. These fees can add up quickly, so it is crucial to read and understand the loan terms before signing the agreement.

Most lenders require borrowers to provide proof of income and employment, a government-issued ID, and an active checking account. The loan amount, fees, and interest are typically automatically deducted from the borrower’s checking account on the due date.

Pros and Cons of Payday Loans

Pros:

  • Quick and easy application process.
  • No collateral required.
  • Access to cash when you need it.

Cons:

  • High-interest rates and fees.
  • May lead to a cycle of debt.
  • Failure to repay could harm your credit score.

Prospective borrowers should weigh the pros and cons to decide if a payday loan is the right choice for them.

Interesting Facts and Statistics about Payday Loans in Corona, South Dakota

  • The average payday loan amount in South Dakota is $374.
  • In 2019, more than 95,000 payday loans were issued in the state, with a total loan volume of $28.8 million.
  • South Dakota has one of the lowest maximum loan amounts among states that allow payday loans.
  • Payday loans in South Dakota are subject to strict regulations to protect borrowers from predatory lending practices.

Apply Now

If you need quick access to cash and a payday loan seems like the right option for you, apply now on TheGuaranteedLoans website. Please note that our company is a connector service, not a direct lender, and we can connect you with potential lenders. Fill out our online application, and we will match you with the lenders that meet your needs.

Before accepting any loan offers, ensure that you understand the terms and conditions. Read the loan agreement carefully and ask questions if anything is unclear. Only accept a loan if you are confident that you can repay it on time to avoid fees and additional interest.

Conclusion

Payday loans in Corona, South Dakota, are a legal way to obtain quick cash to cover unexpected expenses. However, they are subject to specific regulations, and borrowers should understand the terms and conditions before accepting any loan offers. Prospective borrowers should review all the options available to them and determine if a payday loan is their best choice.

F.A.Q.

How do I apply for a payday loan in Corona, South Dakota?

To apply for a payday loan in Corona, South Dakota, you will need to visit a licensed lender in person or apply online. You will need to provide proof of income and identification, and agree to the terms of the loan.

What are the eligibility requirements for a payday loan in Corona, South Dakota?

To be eligible for a payday loan in Corona, South Dakota, you must be at least 18 years old, have a regular source of income, and have a valid checking or savings account.

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