Personal loans in Walterboro, SC

A personal loan taken out in Walterboro, South Carolina is priced from your credit file and your income, not from your address. Walterboro is home to roughly 5,475 people and stands 61st by size out of 271 Census places in South Carolina. The 2020 count to the 2023 estimate shows about 0.9% decline. Consumer lending in South Carolina is governed by state statute; no city ordinance changes it. Use the calculator on this page to price an amount and term before you commit. Borrowers who want a bigger city can look to Summerville, SC about 30 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Borrowing in Walterboro: the local picture

Only a few things actually differ by place — population, location, and the South Carolina rules a lender must follow — and they are below.

Population: the Census counts 5,475 residents in Walterboro (Vintage 2023 subcounty estimate), the 61st-largest figure among South Carolina's 271 places.
Population trend: Lower by roughly 0.9% since the 2020 count.
Size percentile: it is larger than about 77% of South Carolina's Census places.
Location: 32.9013, -80.6762 (Census Gazetteer coordinates).
Nearest larger cities: Summerville (30 mi); Beaufort (31 mi); North Charleston (35 mi); Port Royal (38 mi); Hanahan (39 mi). Lenders licensed in the state serve Walterboro whether or not they keep a local branch.
Nearest smaller towns: Cottageville (12 mi); Williams (13 mi); Smoaks (15 mi).

What South Carolina law requires in Walterboro

Each figure in the table below carries a publisher and a date; where the state publishes nothing, we point to the source rather than estimate.

Rule	Detail	Source
Supervised loan threshold (state-specific rule)	Consumer loans with a finance charge above 12%/year are "supervised loans" requiring licensed supervised lenders; supervised lenders may charge up to 18% per year on unpaid balances. Source says: "Supervised loan means a consumer loan in which the rate of the loan finance charge exceeds twelve percent per year" (37-3-301); "eighteen percent per year on the unpaid balances of principal" (37-3-201(2)(c)).	South Carolina Legislature (S.C. Code of Laws) as of 2026-09-16
Maximum legal interest rate (usury cap)	8.75% per annum statutory legal rate where no rate is agreed (judgment rate: Wall Street Journal prime + 4 points). Source says: "the legal interest shall be at the rate of eight and three-fourths percent per annum" (S.C. Code 34-31-20(A)).	South Carolina Legislature (S.C. Code of Laws) as of 2026-09-16
Payday lending status	Legal for licensed deferred presentment providers; max $550 advanced at one time; fee limited to 15% of principal; term up to 31 days; 2025 repeal bill S.379 introduced but not enacted. Source says: "The total amount advanced by a licensee to any customer at one time for deferred presentment or deposit may not exceed five hundred fifty dollars" (34-39-180(B)); fees capped at "fifteen percent of the principal amount of the transaction" (34-39-180(E)).	South Carolina Legislature (S.C. Code of Laws) as of 2026-09-16
Small-loan / installment lender licensing	Consumer Finance Division licenses and regulates companies making consumer loans with APRs exceeding 12% (Title 37 Consumer Protection Code; Consumer Finance Act, Title 34, ch. 29). Source says: "The Consumer Finance Division (CFD) licenses and regulates the business activities of all companies... that make consumer loans which have annual percentage rates exceeding 12%."	South Carolina State Board of Financial Institutions - Consumer Finance Division as of 2026-09-16
State lending regulator	South Carolina State Board of Financial Institutions - Consumer Finance Division (Office of the Commissioner of Consumer Finance) Source says: "South Carolina State Board of Financial Institutions Office of the Commissioner of Consumer Finance" (site heading).	South Carolina State Board of Financial Institutions - Consumer Finance Division as of 2026-09-16

What a Walterboro personal loan looks like

A personal loan in Walterboro is an installment loan: a lump sum up front, repaid in fixed monthly payments over a set term, usually two to seven years. The quoted APR tracks your credit score: an excellent file may earn a single-digit rate, while damaged credit can push the rate into the high twenties or thirties. The rate you see advertised is a range, not a promise, until a lender reviews your file.

A pre-application checklist for Walterboro

A handful of practical steps will make borrowing in Walterboro less expensive:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Price the payment first with our personal loan calculator before any lender quotes you.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Confirm the lender holds a South Carolina licence by checking the regulator named above.
Write down the purpose of the loan and your repayment plan before you apply.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Walterboro if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Walterboro is the same as anywhere in South Carolina.

What loan size can I expect in Walterboro?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Walterboro?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Walterboro cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Cottageville, SC — population 711
Williams, SC — population 96
Smoaks, SC — population 98
Yemassee, SC — population 1,082
Reevesville, SC — population 195
St. George, SC — population 1,834
Lodge, SC — population 82
Branchville, SC — population 971