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State rule guide

South Carolina Payday Loans: $550 Limit, 15% Fee & EPP Rights

Check South Carolina deferred-presentment rules, including the $550 amount cap, 15% fee ceiling, 31-day maximum and no-cost extended payment plan.

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✓Availability✓Limits✓Licensing

Check the actual providerConfirm who makes the credit decision.

Normalize the costCompare fees, APR, total due and dates.

Stress-test repaymentProtect essential cash after the payment.

Complete guide

Answers, tradeoffs and next steps

Use the sections below to evaluate fit, not to predict approval.

South Carolina combines a $550 cap with a live database eligibility decision

A requested amount under $550 is not enough by itself: the statewide database is used to determine whether an outstanding transaction blocks a new one. The page checks that lifecycle status before lender cards. SC_CODE

The state calculator is a 15% principal formula with a 31-day outer term

Payday Hex computes the fee from the exact principal and shows the statutory deferral limit independently from lender funding time. SC_CODE

The extended payment plan is a no-additional-cost repayment right when the statutory conditions are met

South Carolina provides an EPP once in a 12-month period when requested through the statutory process, with at least four substantially equal installments. The page presents this before any additional high-cost borrowing. SC_CODE

Cooling and transaction-count rules belong in the eligibility timeline

The product flow stores prior transaction timing and database status so repeated borrowing is not represented as a simple fresh application.

Interactive decision tool

State range checker

Test the requested amount against the rule summarized on this page.

1Enter→2Compare→3Verify

Amount requested$Rule maximum shown here$

Illustrative resultEnter your numbers

Provider terms and current state requirements control any offer.

Decision infographic

From state rule to final provider check

A statutory ceiling is not an approval amount.

StartState ruleProduct status and maximum.

ThenOpen loansDatabase or provider verification.

ResultEligible rangeProvider confirms the amount.

What controls the decision

State ruleApply

Open loansVerify

ProviderConfirm

3/3

Ready to compare

Inputs, provider disclosure and repayment fit must agree.

Three gates before you continue

1Lawful routeProduct allowed in the state?
2Amount checkWithin the state framework?
3Database checkOutstanding obligations verified?

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Apply the result to this decision

Use the remaining checks before moving to a provider form.

Decision table

State field	Current rule
Maximum amount advanced	$550 at one time
Maximum fee	15% of principal
Maximum deferral	31 days
Outstanding loan	Database checks eligibility; one outstanding transaction blocks a new one
Extended payment plan	Once in 12 months; at least four substantially equal installments; no additional cost when requested under the statutory process

Product scenario

At the 15% fee ceiling, a $300 transaction has a $45 fee and a $345 total due in the simple statutory example. A $550 principal has an $82.50 maximum fee under the same ceiling.

Product objections / FAQ

Can Payday Hex guarantee a lender is available in this state? No. Live availability requires current provider and state-license evidence.

Are these state rules permanent? No. State law and regulator guidance can change; the page carries a source-check date and must be refreshed.

Does the maximum legal amount mean I should borrow that much? No. The affordability/paycheck tool can recommend a smaller amount or no borrowing.

Quick comparison

What the product page must answer

Decision	Look for	Stop if
Availability	State eligibility and provider identity	The creditor or license path is unclear
Cost	Amount received, required fees, APR and total repayment	Only the payment size is shown
Timing	Decision, release and bank-posting stages	“Instant” is presented as guaranteed
Repayment	Exact dates, method and late-payment consequences	The payment reopens the same cash gap

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Related guides and tools

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The application page is separate from the guide and is operated with a third-party form provider.

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