Woodruff at a glance
- Population: a Census-estimated 4,569, placing it 69th among South Carolina's 271 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 4,208 (US Census Bureau).
- 2020 to 2023 change: up roughly 8.6% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among South Carolina places: 69th-largest of 271 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 75% of South Carolina's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 34.7451, -82.0375 in the US Census Bureau Gazetteer.
- Nearest larger cities: Fountain Inn, SC (10 mi); Simpsonville, SC (12 mi); Spartanburg, SC (15 mi); Mauldin, SC (15 mi); Lyman, SC (17 mi); US Census Bureau population estimates.
- Smaller towns nearby: Reidville, SC (9 mi); Gray Court, SC (10 mi); Duncan, SC (14 mi) (US Census Bureau).
What a personal loan costs in Woodruff
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
South Carolina lending rules that apply in Woodruff
The sourced rows below are the rules a licensed lender must follow when lending in South Carolina, and therefore in Woodruff.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Woodruff
The steps below are worth completing first when you borrow in Woodruff:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in South Carolina using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.