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Best Bad-Credit Loan Lenders in South Dakota

MoneyGeek identified the best lenders for bad credit in South Dakota by assessing lenders based on 35+ data points. Our analysis considered factors like APRs, loan limits, minimum requirements and disbursement times to rank the lenders with the best terms for a borrower with bad credit.

Overall, Upstart emerged as the best bad-credit loan lender in South Dakota, while Upgrade ranked as the second-best option for South Dakota borrowers with bad credit. Both these lenders offer competitive rates, but it may be challenging to get a low-interest personal loan in South Dakota if you have bad credit.

Best Overall Bad-Credit Loan in South Dakota: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Runner-Up for Best Bad-Credit Loan in South Dakota: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


How to Choose the Best Bad-Credit Loan in South Dakota for You

The best lender in South Dakota for bad-credit loans will largely depend on your borrower profile. This is why you should consider factors like your credit score, income and debt-to-income ratio when looking for a suitable lender.

On average, South Dakotans owe $15,272 on personal loans, but the right loan and lender for you will depend on your needs. You can use the following steps to help you identify the best loans for bad credit in South Dakota.


Ask Yourself the Important Questions

Figure out your needs and assess whether a personal loan is the best decision for your finances by asking yourself the following questions:

  • How much funding do you need? Determine how much money you need so that you can identify a lender who will meet your needs.
  • What is your credit score? Consider how your credit score will impact how much you can borrow as well as the APR and terms of your loan.
  • Can you afford the monthly payment? Calculate the monthly payments that you will be required to make and assess whether you can afford them.
  • How much debt do you already have? Consider how taking out a loan will impact your finances, especially if you have other debts.
  • Is your debt manageable through other means? Compare other financing options (like a credit card with a 0% intro APR) to a personal loan to see how costs and terms differ to find the most affordable financing option.

Do Your Research

Rates and terms for personal loans can vary widely depending on the lender. This means shopping around can help you find the best options for your profile. Doing some research will help you compare lenders based on your unique needs and profile to identify what works best for you.

Take time to understand APRs, minimum requirements and other terms offered by different borrowers. You can use MoneyGeek’s recommendations as a starting point, but keep in mind that each borrower’s situation is unique, so our picks may not fit every scenario.


Read the Fine Print

Apart from interest, loans also carry other rates and fees that you can easily overlook if you do not read the fine print. Once you have settled on a lender, make sure you fully understand the terms of the loan. Look for things like late charges, origination fees and other charges that may impact the overall cost of your loan.

You can always ask the lender to explain any terms indicated in the fine print that you do not understand. Keep in mind that you will be repaying the loan for several years, so it is best to understand all the terms upfront.



Loans call for a long-term financial commitment, so it is wise to ensure that you are not making an impulsive decision. Take a day or two to consider what the loan will mean for your finances before applying. This will also give you time to explore any other financing options that may be available to you.

Make sure that your finances will be able to cover your monthly payments since defaulting can drive you even further into debt.



Once you have collected all the details, weighed your options and are confident in your decision, you can apply for your loan. Lenders will require identification and financial statements during the application, so ensure that you have the required information at hand. Most lenders have a straightforward online application process that you can complete in no time. However, you can also contact the lender for support if you are having trouble with the application.

What to Do if You Can’t Get a Bad-Credit Loan in South Dakota

Loans are frequently declined for various reasons, so do not get too discouraged if your application is not successful. Most of the reasons that could cause your application to be declined can be rectified over time, so you may be able to successfully apply for a loan in the future. It helps to find out the exact reason you were declined so that you can figure out what your next move should be. In case you were declined for not meeting the minimum income or credit score requirements, you can always consider a different lender with more flexible requirements.

However, it is best to avoid re-applying immediately after you have been declined until you have improved on the factors that caused your rejection.

MoneyGeek cautions against turning to payday loans as an alternative source of funding. Payday loans can have exorbitant interest rates and unfavorable repayment terms that can be difficult to manage.

Calculate Your Monthly Payment

Before taking out a loan, it is important to figure out what the monthly payments will be so that you can assess whether you will be able to afford them. Use MoneyGeek’s personal loan calculator to estimate the cost of your monthly payments, including interest.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in South Dakota

Your borrower profile and needs will be important in identifying the best bad-credit loan lender in South Dakota for you. You can also learn more about bad-credit loans in South Dakota in the frequently asked questions below.


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MoneyGeek identified the best lenders for bad-credit loans in South Dakota by assessing more than 30 lenders in the state. Our analysis reviewed lenders based on several data points across various key categories, including loan affordability, accessibility, customer service, flexibility, consumer friendliness and lender transparency.

For each ranking category, MoneyGeek considered the most important factors for a consumer looking for a lender. These factors include APRs, loan limits, minimum requirements for income and credit scores, rates, fees and average funding times.

MoneyGeek values you, the consumer, so we also review each lender’s customer support, business ratings and additional features that help improve the overall user experience, like prequalification, payment options and mobile apps.

Our recommendations are made with your best interest in mind. Our goal is to guide you in identifying the best lender for your situation and help you make smarter financial decisions.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.