South Carolina Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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South Carolina personal loan rates range from 5.00% to 28.00% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in South Carolina include: Columbia Post Office Credit UnionColumbia Post Office Credit Union1601 Assembly St, Columbia, SC, 29201 2762A+5.0 ★Texas Ratio: 0.16% offering SIGNATURE LOANS at 5.00% APR, Berkeley Community Federal Credit UnionBerkeley Community Federal Credit Union600 Main Street Ext, Moncks Corner, SC, 29461 3939A5.0 ★Texas Ratio: 7.60% offering Personal Loans at 7.00% APR, Market USA Federal Credit UnionMarket USA Federal Credit Union201 Bi Lo Blvd, Greenville, SC, 29607 5346A+5.0 ★Texas Ratio: 4.76% offering Personal Loan at 7.24% APR, Truliant Federal Credit UnionTruliant Federal Credit Union3621 Pelham Rd, Greenville, SC, 29615A5.0 ★Texas Ratio: 6.43% offering Debt180 Debt Consolidation Loan at 7.49% APR, and Carolinas Telco Federal Credit UnionCarolinas Telco Federal Credit Union110 Outlet Pointe Blvd, Columbia, SC, 29210A+5.0 ★Texas Ratio: 3.27% offering Personal Loans at 7.95% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across South Carolina side-by-side. South Carolina personal loan rates currently start as low as 5.00% APR from Columbia Post Office Credit Union at 1601 Assembly St, Columbia, SC, 29201 2762. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in South Carolina.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in South Carolina. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: October 13, 2026
South Carolina Personal Loan Rates
Credit Score of 750; $7,500 Maximum
- Sep 22, 20265.00%▼ from 10.00%
- Sep 18, 202610.00%first recorded
As Low As; Other loan rates section
As Low As; Minimum Loan Amount: $200
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
As Low As
As Low As; Applies to Loan Amounts $1,000 - $35,000
Published APR range: 8.00 - 18.00%. No Terms
As Low As
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 20268.45%▼ from 8.70%
- Sep 29, 20268.70%▲ from 7.50%
- Sep 14, 20267.50%first recorded
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 20268.70%▲ from 7.50%
- Sep 14, 20267.50%first recorded
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As
As Low As; APR and up
As Low As
As Low As; APR* as low as
- Oct 12, 20269.00%▼ from 10.00%
- Sep 12, 202610.00%first recorded
No additional details available.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Oct 9, 20269.20%▲ from 8.00%
- Sep 17, 20268.00%first recorded
As Low As; Minimum Loan Amount: $5,000
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
Published APR range: 9.50% - 18.00%. All rates include .25% discount for automatic payments or payroll deduction.
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 20269.70%▼ from 10.70%
- Sep 29, 202610.70%▲ from 9.50%
- Sep 14, 20269.50%first recorded
APR range: 9.74% - 19.99%; Maximum amounts up to $50,000, terms up to 84 months
Published APR range: 9.75% - 17.99%. Fixed rates range from 9.75% APR to 17.99% APR; rate determined by credit history
- Oct 12, 20269.75%▼ from 10.50%
- Sep 20, 202610.50%first recorded
As Low As; Rates subject to change. Please call for quote. Additional discounts may be available.
As Low As
APR As Low As* for qualified borrowers; lowest rate available; Personal Loans, Closed End
As Low As; *
As Low As
APR*
As Low As; Minimum Loan Amount $500.00
As Low As; Minimum Loan Amount $500.00
Credit Score 0f 675 - 749; $7,500 Maximum
As Low As; Rate Type: Fixed; Terms: Varies
As Low As; Rate Type: Fixed; Terms: Varies
Published APR range: 10.50%-18.00%. APR base of 13.50%; Daily Periodic Rate (DPR) Range of 0.028767% - 0.049315%
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 202610.70%▲ from 9.50%
- Sep 14, 20269.50%first recorded
As Low As; Rates starting at
As Low As; Fixed payment; borrow up to $15,000; no collateral needed; personal loan rates range from 10.90% - 17.90% APR
As Low As; Rate will never exceed 18.00% APR
APR*
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 202611.20%▼ from 11.45%
- Sep 29, 202611.45%▲ from 10.25%
- Sep 14, 202610.25%first recorded
Published APR range: 11.24% - 18.00%. As Low As; Must be 18 to apply; APR effective 07/01/2026; Qualification based on creditworthiness, income and other underwriting factors, subject to approval
As Low As; APR* (As low as)
As Low As; lowest rate available to members, actual rate may be higher based on credit history and other factors
- Sep 25, 202611.29%▲ from 11.20%
- Sep 12, 202611.20%first recorded
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 202611.45%▲ from 10.25%
- Sep 14, 202610.25%first recorded
Published APR range: 11.50% - 18.00%. Fixed APR
Fixed rate Debt Consolidation loan or a Personal Convenience loan.
As Low As; Loan amount $35,000.01 - $50,000
As Low As; Annual Percentage Rate (APR) subject to credit approval; Personal loan margin determined by Equifax credit scores
Published APR range: 11.99% to 17.99%. Subject to term, credit worthiness, and member's credit union relationship; rates effective September 1, 2024; Apply Online
Published APR range: 11.99% to 17.99%. Subject to term, credit worthiness, and member's credit union relationship; rates effective September 1, 2024; Apply Online
APR*
As Low As; APR* as low as
- Oct 12, 202612.50%▼ from 13.50%
- Sep 12, 202613.50%first recorded
Score: 730+; Grade of Paper: A+; Credit Card Rates APR: 12.75%
As Low As; Not all borrowers will qualify for extended term; Rate will never exceed 18.00% APR
APR*
Published APR range: 13.25% - 18.00%. APR*
APR*
Score: 680 - 729; Grade of Paper: A; Credit Card Rates APR: 13.75%
As Low As
- Oct 5, 202613.90%▲ from 12.90%
- Sep 14, 202612.90%first recorded
Published APR range: 14.00% - 18.00%. APR*
Score: 640 - 679; Grade of Paper: B; Credit Card Rates APR: 14.75%
APR=Annual Percentage Rate. Payments listed are examples only. Payment examples are based on a personal loan with a 60-month term & APR above, calculating the payment per $1,000. Interest rates determined by individual credit history. The "As Low As" rates quoted here are for credit scores of 740+. Rates, terms, & conditions subject to change at any time. The rate listed indicates automatic payment made electronically (not using cash, coupon book or check mailed to credit union to repay your loan). Add 1% to rate listed when using cash, check or coupons (non-electronic or automated payment method).
Credit Score of 630 - 674; $7,500 Maximum
- Sep 22, 202615.00%▲ from 10.00%
- Sep 18, 202610.00%first recorded
No additional details available.
Score: 600 - 639; Grade of Paper: C; Credit Card Rates APR: 16.75%
Score: 550 - 599; Grade of Paper: D; Credit Card Rates APR: 18.00%
Rates range from 9.99% to 18.00% APR*
No additional details available.
Loans for a variety of personal needs, including optional overdraft protection with Share Draft checking.
Credit Score of 580 - 629; $7,500 Maximum
- Sep 22, 202618.00%▲ from 10.00%
- Sep 18, 202610.00%first recorded
APR*
South Carolina Personal Loan Rates
As Low As; Other loan rates section
As Low As; Minimum Loan Amount: $200
As Low As
As Low As; Applies to Loan Amounts $1,000 - $35,000
Published APR range: 8.00 - 18.00%. No Terms
As Low As
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 20268.45%▼ from 8.70%
- Sep 29, 20268.70%▲ from 7.50%
- Sep 14, 20267.50%first recorded
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 20268.70%▲ from 7.50%
- Sep 14, 20267.50%first recorded
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As
As Low As; APR and up
As Low As; APR* as low as
- Oct 12, 20269.00%▼ from 10.00%
- Sep 12, 202610.00%first recorded
No additional details available.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Oct 9, 20269.20%▲ from 8.00%
- Sep 17, 20268.00%first recorded
As Low As; Minimum Loan Amount: $5,000
As Low As; APR includes a .25% automatic payment and direct deposit rate discount. Minimum $200 monthly direct deposit required.
Published APR range: 9.50% - 18.00%. All rates include .25% discount for automatic payments or payroll deduction.
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 20269.70%▼ from 10.70%
- Sep 29, 202610.70%▲ from 9.50%
- Sep 14, 20269.50%first recorded
APR range: 9.74% - 19.99%; Maximum amounts up to $50,000, terms up to 84 months
As Low As; Rates subject to change. Please call for quote. Additional discounts may be available.
As Low As
APR As Low As* for qualified borrowers; lowest rate available; Personal Loans, Closed End
As Low As; *
As Low As
APR*
As Low As; Rate Type: Fixed; Terms: Varies
Published APR range: 10.50%-18.00%. APR base of 13.50%; Daily Periodic Rate (DPR) Range of 0.028767% - 0.049315%
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 202610.70%▲ from 9.50%
- Sep 14, 20269.50%first recorded
As Low As; Rates starting at
As Low As; Fixed payment; borrow up to $15,000; no collateral needed; personal loan rates range from 10.90% - 17.90% APR
As Low As; Rate will never exceed 18.00% APR
APR*
As Low As; Loan amount $35,000.01 - $50,000
- Oct 13, 202611.20%▼ from 11.45%
- Sep 29, 202611.45%▲ from 10.25%
- Sep 14, 202610.25%first recorded
Published APR range: 11.24% - 18.00%. As Low As; Must be 18 to apply; APR effective 07/01/2026; Qualification based on creditworthiness, income and other underwriting factors, subject to approval
As Low As; lowest rate available to members, actual rate may be higher based on credit history and other factors
- Sep 25, 202611.29%▲ from 11.20%
- Sep 12, 202611.20%first recorded
As Low As; Applies to Loan Amounts $1,000 - $35,000
- Sep 29, 202611.45%▲ from 10.25%
- Sep 14, 202610.25%first recorded
Published APR range: 11.50% - 18.00%. Fixed APR
Fixed rate Debt Consolidation loan or a Personal Convenience loan.
As Low As; Loan amount $35,000.01 - $50,000
Published APR range: 11.99% to 17.99%. Subject to term, credit worthiness, and member's credit union relationship; rates effective September 1, 2024; Apply Online
Published APR range: 11.99% to 17.99%. Subject to term, credit worthiness, and member's credit union relationship; rates effective September 1, 2024; Apply Online
APR*
As Low As; APR* as low as
- Oct 12, 202612.50%▼ from 13.50%
- Sep 12, 202613.50%first recorded
As Low As; Not all borrowers will qualify for extended term; Rate will never exceed 18.00% APR
APR*
Published APR range: 13.25% - 18.00%. APR*
APR*
As Low As
- Oct 5, 202613.90%▲ from 12.90%
- Sep 14, 202612.90%first recorded
Rates range from 9.99% to 18.00% APR*
Loans for a variety of personal needs, including optional overdraft protection with Share Draft checking.
APR*
South Carolina Debt Consolidation Loan Rates
Published APR range: 7.49% - 18.00%. $1,000 - $50,000. Fixed Rate.
As Low As; Minimum Loan Amount $500.00
South Carolina Signature Loan Rates
Credit Score of 750; $7,500 Maximum
- Sep 22, 20265.00%▼ from 10.00%
- Sep 18, 202610.00%first recorded
As Low As
Published APR range: 9.75% - 17.99%. Fixed rates range from 9.75% APR to 17.99% APR; rate determined by credit history
- Oct 12, 20269.75%▼ from 10.50%
- Sep 20, 202610.50%first recorded
As Low As; Minimum Loan Amount $500.00
Credit Score 0f 675 - 749; $7,500 Maximum
As Low As; Rate Type: Fixed; Terms: Varies
As Low As; Rate Type: Fixed; Terms: Varies
Score: 730+; Grade of Paper: A+; Credit Card Rates APR: 12.75%
Score: 680 - 729; Grade of Paper: A; Credit Card Rates APR: 13.75%
Score: 640 - 679; Grade of Paper: B; Credit Card Rates APR: 14.75%
APR=Annual Percentage Rate. Payments listed are examples only. Payment examples are based on a personal loan with a 60-month term & APR above, calculating the payment per $1,000. Interest rates determined by individual credit history. The "As Low As" rates quoted here are for credit scores of 740+. Rates, terms, & conditions subject to change at any time. The rate listed indicates automatic payment made electronically (not using cash, coupon book or check mailed to credit union to repay your loan). Add 1% to rate listed when using cash, check or coupons (non-electronic or automated payment method).
Credit Score of 630 - 674; $7,500 Maximum
- Sep 22, 202615.00%▲ from 10.00%
- Sep 18, 202610.00%first recorded
Score: 600 - 639; Grade of Paper: C; Credit Card Rates APR: 16.75%
Score: 550 - 599; Grade of Paper: D; Credit Card Rates APR: 18.00%
No additional details available.
Credit Score of 580 - 629; $7,500 Maximum
- Sep 22, 202618.00%▲ from 10.00%
- Sep 18, 202610.00%first recorded
South Carolina Personal Loan Rate Trends
Compare local South Carolina personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
South Carolina personal loan rates rose 0.020 points over the past 7 days to 10.435% APR.
South Carolina signature loan rates rose 0.335 points over the past 7 days to 11.119% APR.
South Carolina Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current South Carolina figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current SC average personal loan APR of 10.43%, across the terms lenders serving South Carolina most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $231.73/mo | $162.36/mo | $127.86/mo | $107.31/mo |
| $10,000 | $463.46/mo | $324.72/mo | $255.72/mo | $214.62/mo |
| $15,000 | $695.19/mo | $487.07/mo | $383.58/mo | $321.92/mo |
| $25,000 | $1,158.64/mo | $811.79/mo | $639.30/mo | $536.54/mo |
| $35,000 | $1,622.10/mo | $1,136.51/mo | $895.01/mo | $751.15/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in South Carolina
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the SC personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (SC average) | 10.43% | $383.58 | $3,412 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,738 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,273 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,865 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in South Carolina
Prequalify With a Soft Credit Check
Most lenders serving South Carolina will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our South Carolina data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured South Carolina auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a South Carolina high-yield savings account costs nothing and earns interest instead of paying it
South Carolina Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $384 monthly loan payment is roughly 11.1% of the median individual income in South Carolina. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in South Carolina.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current SC average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our South Carolina personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for South Carolina directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in South Carolina. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in SC.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Personal Loans for Bad Credit in South Carolina
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Ask About a Payday Alternative Loan
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
Secure the Loan With Savings
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
Add a Cosigner or Co-borrower
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Prequalify Before You Apply
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
Avoid Payday and Title Loans
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.
Frequently Asked Questions
What credit score do I need for a personal loan in South Carolina?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in South Carolina?
Are credit unions or banks better for personal loans in South Carolina?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
Can I get a personal loan with bad credit in South Carolina?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in South Carolina?
- Columbia Post Office Credit Union: 5.00% (SIGNATURE LOANS)
- Berkeley Community Federal Credit Union: 7.00% (Personal Loans)
- Market USA Federal Credit Union: 7.24% (Personal Loan)
- Truliant Federal Credit Union: 7.49% (Debt180 Debt Consolidation Loan)
- Carolinas Telco Federal Credit Union: 7.95% (Personal Loans)
