Car Title Loans in South Dakota2026 Guide
South Dakota allows title loans with a 36% APR cap.
Legal Status & Regulations
Governing Law
S.D. Codified Laws § 54-4-36
Last Reviewed: April 2026
Law Summary
In 2016, South Dakota voters passed an initiated measure capping interest rates on all consumer loans, including title loans, at 36% APR. Governed by S.D. Codified Laws § 54-4-36, lenders must be licensed and are prohibited from using "rent-a-bank" schemes to bypass the rate cap, ensuring fair lending practices.
Real Rate Example in South Dakota
A $1,500 loan in South Dakota at a typical market rate of 36% APR APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Consumer Finance & State Regulations Research
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
No limit
Max APR / Rate
36% APR
Loan Term Range
Varies
Governing Body
SD Division of Banking