Oak Grove, SC · South · Allowed
Payday loans in Oak Grove
Oak Grove is governed by South Carolina's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in South Carolina. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Oak Grove
10,344 residents · Lexington County Median household income is $48,635 — above the South Carolina median of $47,139.
| Nearest storefronts | Town | Phone |
|---|---|---|
| Advance America | West Columbia 4 mi | (803) 794-7190 |
| Instant Cash Loans | West Columbia 4 mi | (803) 796-9390 |
| Advance America | Lexington 5 mi | (803) 808-1191 |
| Lendmark Financial Services | Lexington 5 mi | — |
| 1st Franklin Financial | Cayce 6 mi | (803) 739-6966 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the South Carolina page before visiting. Spot an error? Report it.
The online route in Oak Grove
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in South Carolina follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the South Carolina regulator.
The rules behind the numbers
Deferred presentment service agreements are short-term loans and are not intended to solve long-term financial problems.
In practice: borrow $300 for a standard term and the finance charge is $45 — $345 repaid at the end, about 391% APR. Every compliant lender in Oak Grove has to fit inside that schedule.
Statute: S.C. Code Ann. § 34-39-110 et seq.
Regulator: South Carolina State Board of Financial Institutions · bofi.sc.gov
Questions people ask in Oak Grove
Are payday loans legal in Oak Grove, SC?
Yes. Storefront payday lending is permitted across South Carolina, and Oak Grove runs under the same state rules: maximum loan $550, fees capped at 15% of face value of check ($15 per $100). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Oak Grove?
The same as anywhere in South Carolina: state law sets the schedule. On a typical $300 loan the finance charge is about $45 — $345 repaid at the end of the standard term.
Which lenders have stores in Oak Grove?
Our 2022-02-20 directory snapshot lists no storefront lenders in Oak Grove — the closest listed locations are in West Columbia, Lexington, Cayce.
Who regulates lenders in Oak Grove?
Complaints about a lender go to the South Carolina State Board of Financial Institutions (bofi.sc.gov) — keep the loan agreement and every fee disclosure you were given.