6/1/2023
Updated
Installment financing is one of the most important tools we have to set us up and lay the foundation for a worry-free future.
If you want to know how to get personal loans in South Carolina, we've compiled valuable information so you know where to turn to find on-time financing.
You may be interested in: Personal loans in North Carolina
Loans in South Carolina near me
The quickest and easiest way to find a personal loan store near your location is to use an online map like the one provided by Google, with information about hours and contact phone number in case you want to call before you go:
Where to get personal loans in South Carolina?
Getting personal loans in South Carolina and the rest of the country isn't very complicated. The trick is to find that lender with whom you feel you are in good hands.
There are many options and you can choose between traditional financial institutions or more modern platforms such as fintechs, neobanks, P2P lending, crowdfunding, crowdlending and other alternatives.
Banks
Multiple banks operate in the state of South Carolina, with a wide presence throughout the territory, but especially in its most populated cities. You can find from national and international financial institutions to small regional banks where you can get personal loans.
These are the banks with the largest number of branches in SC, so you can apply for financing near you:
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- Amount: From $ 2,500
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- Amount: From $ 2,500
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- Amount: From $ 2,500
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- Amount: between $ 3,500 and $ 100,000
- Term: between 2 years and 5 years
- Interest: 8.19%
- APR: 8.19%
In addition, you have other banks with a large presence in the state where you can also get good loan offers:
Private Lenders Stores
The best recommendation on getting personal loans in South Carolina is to seek financing from a legitimate operator. When it is not a bank or credit union, you should opt for companies licensed by the SC State Board of Financial Institutions.
In this regard, we leave you with 3 good alternatives:
1st Franklin Financial Institution
This company dedicated to financing was founded in 1941 and has a presence in South Carolina as well as in other neighboring states. Available in Camden, Columbia, Manning and Winnsboro.
Unsecured loans from this institution can be used for a variety of purposes. Although you can start the process online, you must come in person to sign the contract.
Another licensed company that offers financing in Beaufort, Columbia, Charleston, Florence, Lancaster, Lugoff, Myrtle Beach, Rock Hill, Spartanburg and Sumter.
You can choose between secured and unsecured personal loans with fixed APRs. In addition to their extended terms, you must go to a branch to do the paperwork.
Unlike the previous ones, this financing company offers 'small dollar' loans so that you can attend to specific emergencies. The particularity with this company is that
it only has secured loans in its 45 branches in Georgia and South Carolina.
This gives those who have a bad-regular score the opportunity to get liquidity when needed.
Online platforms for borrowing in South Carolina
When you are looking for a quick and easy way to get a loan without leaving your home, online lenders are your best option. The ones we'll recommend below are already established and have terms for different types of customers.
- LightStream. This well-known company is indicated for those who have a good-to-excellent credit score. The amounts range from $5,000 to 100,000, the terms are from 2 to 12 years and the APR starts at 3.49% (maximum 19.99%). The most interesting thing about this alternative is that they don't charge you an administrative fee, you get an Autopay discount and you can receive the funds the same day.
- Upgrade. Another consolidated company and ideal for those who are looking for small amounts or have bad credit. The APR ranges from 7.99% to 35.97%, amounts start at $1000 (maximum $35,000) and you have from 36 months to 5 years to repay. With them you get the money the next business day, they charge you the origination fee (2.9%-8%) and have soft consultation to review rates.
- Upstart. Very similar to the previous one, this platform is for a regular score and you can use the money for a wider variety of projects. Amounts range from $1000 to $50,000. The terms range from 3 years to 60 months and the APR goes from 8.41% to 35.99%. Also, the administrative fee can be as high as 8%, there is a late payment penalty (5% of the fee or $15) and you receive the funds within one business day.
A Brief History of South Carolina
The name of this state was a tribute to King Charles I of England, whose Latin name is Carolus. It was one of the original 13 colonies and became a royal colony in 1719.
In 1788, it was the 8th state to recognize the U.S. Constitution. As an enslaved region, it was the first to vote for secession in 1860.
South Carolina is located in the southeastern part of the country and is made up of 46 counties. It is the 40th largest geographic area and ranks 23rd in terms of population (5.19 million).
Although its capital is Columbia, the city of Charleston is the most populated, with the Greenville-Spartanburg-Anderson metropolitan area being the most relevant.
At the beginning of its colonization, SC's economy consisted of factories and agricultural mills. After World War II, industries such as aerospace, automotive, manufacturing and tourism became more influential.
With a GDP of $270,079 in 2021, a family earns on average $54,860 and someone with a job generates an average of $30,725.
Called the Palmetto State, South Carolina is also known for its foothills, coastal plains and Blue Ridge Mountains. Education plays a major role in the lives of its people, as does the celebration of their traditions.
Among its tourist attractions are its beaches and the Grand Strand, where there are 400 hotels and 100 golf courses.
Español: Préstamos personales en Carolina del Sur en español