MoneyGeek’s Best Personal Loan Lender in South Dakota: LightStream

MoneyGeek considered more than 30 data points when choosing the best personal loan lenders in South Dakota. To help you find the best personal loans to fit your needs, we compared and analyzed various lenders according to their BBB rating, loan amount ranges, fees, accessibility and more. We also analyzed their eligibility requirements.

The best personal loan company for you depends on your unique needs, and we’ve found the top lenders matching different borrower profiles.

Best Overall Personal Loan Lender in South Dakota: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds


Best Personal Loan Lender for Bad Credit 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


Best Personal Loan Lender for Good Credit in South Dakota: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds


Best Loan Lender for Debt Consolidation 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


Best Loan Lender for Home Improvement in South Dakota: Best Egg

  • Best Egg

    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg

How to Choose the Best Personal Loan Lender in South Dakota for You

Overall, the average loan debt in South Dakota is $15,272, but amounts can vary depending on the purpose of your loan and your unique financial situation. It’s important to consider several factors, such as income, credit, existing debts and employment, before taking out a loan since these are essential to your application. In looking for the best personal loans in South Dakota, consider following the steps below.


Ask Yourself the Important Questions

You need to think about your current financial situation and your needs before taking out a loan. The following are questions you need to ask yourself:

  • How much funding do you need? - Choose a lender that offers loans in the amount you need.
  • What is your credit score? - Knowing your credit score can ensure you apply with a lender that will accept your credit score.
  • Can you afford the monthly payment? - If you can’t afford the monthly payment on a loan, it’s best not to take out a loan. Otherwise, you’ll end up in debt and hurt your credit score.
  • How much debt do you already have? - Consider how a new loan will impact your debt-to-income ratio and ensure it won’t be too much for you to handle.

Do Your Research

MoneyGeek is committed to giving you the information that you may need throughout the loan shopping process. However, there might be instances when our recommendations may not be the best fit for you. Conducting further research on your own allows you to see and compare the features of more loans that may be available to you.

A personal loan is a commitment since you will have to pay your monthly bill for the next two to four years. You will also need to undergo credit checks, which can impact your score. It’s always better to be prepared with information so you know if you will qualify and you aren’t caught off-guard by fees.



Getting a personal loan is an important financial decision that comes with a huge commitment. Therefore, you need to be as considerate as possible. Once you have found a loan that suits your needs, consider waiting a day or two before finalizing your decision. This way, you can assure yourself that you have properly evaluated this idea and that you haven’t overlooked other options to meet your funding needs.


Read the Fine Print

After settling on a loan, look a little deeper at the details. Go over the terms, conditions, rates and other features one by one. Sometimes, the most appealing features of a loan have major caveats and guidelines. Be sure to check the fees, such as prepayment penalties, early payment fees, origination fees, late fees and more. This in-depth research could save you a lot of time and money in the long run.



If you have all the information you need about the lender of your choice, it’s time to apply. Be patient with this process, especially because it requires a lot of documentation. It’s normal for lenders to require identification, address verification and proof of income. Check the available methods to apply with your lender. Some offer online, in-person or over-the-phone applications, but others don’t have all these options available. Additionally, if you can apply in person, this can be ideal since you can get any additional questions you have answered.

What to Do if You Can’t Get a Personal Loan in South Dakota

Knowing the minimum requirements of a lender gives you a bit more assurance that your loan application will be approved. However, if you were denied a loan, it’s alright. This happens to a lot of applicants.

Lenders usually decline personal loan applications due to insufficient income, low credit scores and unstable employment. Reaching out to the lender can help you determine the exact reason why you were denied. You can also ask them if there are any ways they can reconsider your application. This process may involve shortening the loan terms, decreasing the amount of the loan or reviewing important details of your application.

Another option is to find a different lender with eligibility requirements that could better accommodate your profile. However, this should be avoided unless you have worked on the reason the previous lender has denied your loan.

Be wary of payday loans. These are loans that have high interest rates and base their principal on a chunk of your next paycheck. While you can quickly access these types of loans, you might have to pay extremely high interest rates and deal with short repayment periods.

Frequently Asked Questions About Personal Loans in South Dakota

It’s important to do your research before applying for a personal loan in South Dakota. The following are some of the most common questions residents have about taking out a personal loan in the state.

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We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.

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.