WalletHub makes it easy to find the best personal loan in South Dakota
The best personal loans in South Dakota tend to be loans from national lenders that are available to all U.S. residents. But there are more than 110 banks and credit unions operating in South Dakota, including many local and regional lenders, and a lot of them offer personal loans. So there are plenty of options to choose from.
To help lead South Dakota residents in a money-saving direction, WalletHub’s editors have selected several good personal loan options, including offers from our partners, that are available to people in South Dakota.
Popular Personal Loans in South Dakota
- SoFi: Best for Excellent Credit
- Happy Money: Best for Credit card consolidation
- Prosper: Best for Home Improvement
- Upgrade: Best for Fair Credit
- Discover: Best for Long-Term Loans
The average credit score in South Dakota is 705, and getting a personal loan without an origination fee requires a score of at least 660. That means the average South Dakota resident has a good chance to qualify for a personal loan with a $0 origination fee. Personal loans with origination fees have score requirements between 585 and 660, so they’re easier to get.
Below, you can compare personal loan offers in South Dakota from our partners. It’s also a good idea to use WalletHub’s free personal loan pre-qualification tool to get a better sense of your approval odds and potential APRs with various lenders.
South Dakota
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Updating Personal Loans
Happy Money$5,000 Loan • 60 Months
Est. Payment*
$122/mo
Est. APR*
11.72% - 17.99%
Est. FEE*
$125
View My Rate
on WalletHub’s loan comparison tool
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Pre-qualify before you apply
See your interest rate for free – will not impact your credit score.
Pre-qualify before you apply
See your interest rate for free – will not impact your credit score.
LendingClub$5,000 Loan • 60 Months
Est. Payment*
$145/mo
Est. APR*
9.57% - 35.99%
Est. FEE*
$150
View My Rate
on WalletHub’s loan comparison tool
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Best Egg$5,000 Loan • 60 Months
Est. Payment*
$146/mo
Est. APR*
8.99% - 35.99%
Est. FEE*
$250
View My Rate
on WalletHub’s loan comparison tool
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Upgrade Personal Loan$5,000 Loan • 60 Months
Est. Payment*
$146/mo
Est. APR*
8.49% - 35.99%
Est. FEE*
$275
View My Rate
on WalletHub’s loan comparison tool
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Happy Money$5,000 Loan • 36 Months
Est. Payment*
$177/mo
Est. APR*
11.72% - 17.99%
Est. FEE*
$125
View My Rate
on WalletHub’s loan comparison tool
More Details
Universal Credit$5,000 Loan • 36 Months
Est. Payment*
$196/mo
Est. APR*
11.69% - 35.99%
Est. FEE*
$0
View My Rate
on WalletHub’s loan comparison tool
More Details
LendingClub$5,000 Loan • 36 Months
Est. Payment*
$199/mo
Est. APR*
9.57% - 35.99%
Est. FEE*
$150
View My Rate
on WalletHub’s loan comparison tool
More Details
Best Egg$5,000 Loan • 36 Months
Est. Payment*
$202/mo
Est. APR*
8.99% - 35.99%
Est. FEE*
$250
View My Rate
on WalletHub’s loan comparison tool
More Details
Upgrade Personal Loan$5,000 Loan • 36 Months
Est. Payment*
$202/mo
Est. APR*
8.49% - 35.99%
Est. FEE*
$275
View My Rate
on WalletHub’s loan comparison tool
More Details
Citi® Personal Loan$5,000 Loan • 60 Months
Est. Payment*
$119/mo
Est. APR*
10.49% - 19.49%
Est. FEE*
$0
5800 South Corporate Place, Sioux Falls, SD, 57104 3.25 miles
View My Rate
on Citibank’s website
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Axos$5,000 Loan • 60 Months
Est. Payment*
$131/mo
Est. APR*
7.15% - 29.99%
Est. FEE*
$100
View My Rate
on Axos Bank’s website
More Details
Upstart$5,000 Loan • 60 Months
Est. Payment*
$141/mo
Est. APR*
6.40% - 35.99%
Est. FEE*
$200
View My Rate
on Upstart’s website
More Details
Citi® Personal Loan$5,000 Loan • 36 Months
Est. Payment*
$173/mo
Est. APR*
10.49% - 19.49%
Est. FEE*
$0
View My Rate
on Citibank’s website
More Details
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Banks Offering Personal Loans in South Dakota
The First National Bank in Sioux Falls
The First National Bank in Sioux Falls offers Personal Loans in Sioux Falls and has around 31 branches near Sioux Falls, SD
Nearby Branch:
100 South Phillips Avenue
Sioux Falls, SD571010.1 miles
Security Savings Bank
Security Savings Bank offers Personal Loans in Sioux Falls and has around 1 branches near Sioux Falls, SD
Nearby Branch:
2331 East 10th Street
Sioux Falls, SD571030.30 miles
Plains Commerce Bank
Plains Commerce Bank offers Personal Loans in Sioux Falls and has around 4 branches near Sioux Falls, SD
Nearby Branch:
1411 East 10th Street
Sioux Falls, SD571030.49 miles
CorTrust Bank
CorTrust Bank offers Personal Loans in Sioux Falls and has around 10 branches near Sioux Falls, SD
Nearby Branch:
1900 South Sycamore
Sioux Falls, SD571030.55 miles
Wells Fargo
Wells Fargo offers Personal Loans in Sioux Falls and has around 22 branches near Sioux Falls, SD
Nearby Branch:
2800 East 26th Street
Sioux Falls, SD571030.55 miles
Best Personal Loans in South Dakota
The best personal loans in South Dakota are from LightStream, whose loans are available nationwide and have APRs ranging from 7.49% - 25.99%. LightStream charges $0 for an origination fee, and offers loans ranging $5,000 - $100,000. The credit score requirement for a LightStream personal loan is 660, reportedly.
South Dakota residents may also want to consider credit unions based in South Dakota. One good example is Service First Federal Credit Union, which offers personal loans of up to $10,000 with APRs ranging from 9.30% - 18.00% and an origination fee of 0%.
There are also many local South Dakota banks that offer personal loans. Some of the largest include The First National Bank in Sioux Falls, First Dakota National Bank, and First PREMIER Bank.
Personal Loans in South Dakota Comparison
| Lender | APR | Loan Amount | Origination Fee | Score Required |
| SoFi | 8.99% - 29.99% Fixed APR with all discounts | $5,000 - $100,000 | $0 | 680* |
| Payoff | 11.72% - 17.99% | $5,000 - $40,000 | 0% - 5% | 640* |
| Prosper | 8.99% - 35.99% | $2,000 - $50,000 | 1% - 7.99% | 640 |
| Upgrade | 8.49% - 35.99% | $1,000 - $50,000 | 1.85% - 9.99% | 620 |
| Discover | 7.49% - 24.99% | $2,500 - $40,000 | $0 | 660 |
*Based on info from multiple third-party sources
Tips for Getting a Personal Loan in South Dakota
- Start local. There are over 110 banks and credit unions in South Dakota, which may have good deals on personal loans. Credit unions can be especially helpful because they often accept people with lower credit scores and their APRs have low caps by law (18% for federal credit unions).
- Don’t apply for too large of a loan. Keep in mind that the larger your desired loan size is, the more income you’ll need in order to make payments and the better your credit score will need to be for you to get approved.
- Get pre-qualified. Finding the best personal loan in South Dakota can be a difficult task. But many lenders let you pre-qualify to see your chances of approval and estimate what rates you could receive. You can use WalletHub’s free pre-qualification tool to check with multiple lenders at once.
- Watch out for predatory lenders. While there are tons of great personal loan options, there are also tons of lenders that charge unreasonable rates. Don’t apply with any lenders who have a maximum APR higher than 36%. And watch out for scams, too – don’t give your personal information on any website that doesn’t have “https” to begin its address.
- Consider online lenders. Most online lenders operate nationwide, not just in South Dakota, and they often offer the quickest personal loan decisions.
Why People Trust WalletHub
WalletHub
Unlike other sites that only promote loans they're paid by, WalletHub's editors focus on finding the best loans. WalletHub makes it easy to find the best personal loans in South Dakota.
About the author
Gino Rodriguez
Gino Rodriguez is a staff writer for WalletHub specializing in personal loans. Gino has experience as an editor and writing tutor. He has also worked in customer service and with nonprofit organizations.
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Personal Loans in South Dakota FAQ
Comparing Personal Loans can be tough. But you've got the knowledgeable WalletHub community on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution's responsibility to ensure all posts and questions are answered.
Most Popular
What are the best credit-builder loans in South Dakota?
7
Upvotes
Reply
7
Grace Enfield, Content Writer
@grace_enfield
The best credit-builder loans in South Dakota are from Lakota Funds because it offers low APRs, loan amounts from $500 and monthly credit-bureau reporting. Lakota Funds will also put the money into an interest-bearing account, which could make up for the cost of your APR slightly. If you make on-time payments with a Lakota Funds credit-builder loan, your credit score will increase.
Best Credit-Builder Loans in South Dakota
Lakota Funds
Lakota Funds offers credit-builder loans...
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How can I get an installment loan in South Dakota with no credit check?
8
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Reply
8
Rick Bormin, Personal Loans Moderator
@rhandoo2020
You can get an installment loan in South Dakota with no credit check by applying for a personal loan from OppLoans. This lender do not check your credit report or consider your credit score during the application process, making it easier to get approved with bad credit history. Submitting an application will not have any impact on your credit score, either.
How to Get an Installment Loan in South Dakota with No Credit Check
...
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What are the best emergency loans in South Dakota?
6
Upvotes
Reply
6
Grace Enfield, Content Writer
@grace_enfield
The best emergency loans in South Dakota are from LightStream. LightStream offers loans of $5,000 - $100,000, funding in 1 - 2 business days, APRs of 7.49% - 25.99% and repayment periods of 24 - 144 months.
LightStream is a national lender that operates in South Dakota. If you're looking for a local lender that's based in South Dakota, you may want to consider LendingPoint.
Best Emergency Loans in South Dakota
Lender | ... | Loan Range | APR | Repayment Period |
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What are the best short-term loans in South Dakota?
2
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2
Grace Enfield, Content Writer
@grace_enfield
The best short-term loans in South Dakota are from Wells Fargo because it has a minimum repayment period of 12 months, loan amounts of $3,000 - $100,000, and an APR range of 7.49% - 23.24%. Wells Fargo also has a credit score requirement of 660+ and an origination fee of $0.
Several options are available, though. In addition to other national lenders, there are lenders based in South Dakota worth considering.
Best Short-Term Loans in South Dakota
...
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Where can I get a home improvement loan in South Dakota?
2
Upvotes
Reply
2
Grace Enfield, Content Writer
@grace_enfield
You can get a home improvement loan in South Dakota from a bank, a credit union or an online lender. The best home improvement loans in South Dakota are from LightStream because the company has APRs of 7.49% - 25.99%, loan amounts of $5,000 - $100,000 and repayment periods of 24 - 144 months.
Other loan providers offer home improvement loans with good terms in South Dakota, as well. You can see a comparison of the best home improvement loans in...
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* We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary from the estimates. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: The personal loan offers that appear on this site originate from paying advertisers. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear, or whether an offer is "featured"). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company.
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