Payday Loans and Cash Advance in Alaska: Get Offers Online
Payday and installment loans in one short form, offers from licensed lenders, and money sent to your bank account if you are approved.
Estimate uses the maximum fee Alaska law allows (up to $15 per $100 advanced (or 15% of the advance, whichever is less), plus a nonrefundable origination fee of up to $5). Some lenders charge less. A typical two-week loan with a $15 per $100 fee has an APR near 400%. Your offer may differ.
Check my offers- Alaska lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Payday Loans in Alaska, requested online
Alaska residents can request $100 to $500 online from any of the 229 Alaska cities we cover. You fill in one form, lenders review it, and you see the full cost before you decide.
2023 Overview of Payday Lending in Alaska, 2023: average loan $443.14.
What Alaska law says
- Maximum loan amount: $500.
- Fee limit: Up to $15 per $100 advanced (or 15% of the advance, whichever is less), plus a nonrefundable origination fee of up to $5.
- Minimum loan term: 14 days.
- Renewals: Up to 2 consecutive renewals, each at least 14 days, at fees no higher than the original; then repay in full.
- Payment plan: After default the lender must offer a plan of up to 6 months, 5% down, no added fees (except a bad-check fee).
- Loan limits: No more than $500 outstanding at once across all of a lender's locations; an advance cannot be split or doubled up.
- Lenders must hold a license from the Division of Banking and Securities, Dept. of Commerce, Community, and Economic Development and disclose fees and APR before you sign.
Good to know
- Alaska caps a payday advance at $500 outstanding at one time, even across several locations of the same lender.
- Minimum term is 14 days; a loan may be renewed at most twice in a row, then must be repaid in full.
- You can cancel by repaying the principal by close of business the next business day; the origination fee is not refunded.
- Lenders cannot require mandatory arbitration or take collateral for an advance.
- No criminal action may be brought against you for failing to repay.
- If you default, the lender must offer a payment plan of up to 6 months before suing or selling the debt.
- A 2025 bill to cap payday loan rates at 36% APR (SB 39) passed the Legislature but was vetoed in June 2025.
Why request online
Installment loans in Alaska
Need more than $500 or more time to repay? Alaska also allows small loans from licensed lenders, repaid in fixed monthly payments. 3% a month on the first $850 of unpaid balance and 2% a month on $850 to $10,000; above $10,000 the rate is set by contract (up to $25,000).
- A payday loan fits a small, one-off gap you can repay in full on your next payday.
- An installment loan fits a larger amount or a budget that needs smaller monthly payments; check the total interest before you sign.
- Installment lenders need a license: Small loan license from the Alaska Division of Banking and Securities (AS 06.20).
Illustration only. Your lender must disclose the APR, payment schedule and total cost before you sign.
How it works
Payday Loan Rules in Alaska
| Maximum amount | Up to $500 |
|---|---|
| Loan term | 14 days |
| Rate / fee rule | Origination ≤$5 + fee ≤$15 per $100, or 15% of advance, whichever is less |
| Regulatory basis | Alaska Stat. §06.50.010 et seq. |
Key Rules
- State payday-loan license required
- short-term deferred deposit structure
Regulatory reference: the statutes listed in this table and the state regulator. State rules can change; confirm current terms before borrowing.
Largest Alaska cities
Questions people ask
Can I get a loan in Alaska with bad credit?
Yes, you can apply with any credit history. Lenders look at your income and banking history, not only your credit score, but they may still check your credit and approval is not guaranteed. Compare the APR and total cost before you accept.
Are payday loans legal in Alaska?
Yes. Lenders are licensed by the Division of Banking and Securities, Dept. of Commerce, Community, and Economic Development under Alaska Stat. ch. 06.50 (Deferred Deposit Advances).
What is the maximum payday loan in Alaska?
$500. The lender decides your amount based on income.
How much does a payday loan cost in Alaska?
Fee limit in Alaska: up to $15 per $100 advanced (or 15% of the advance, whichever is less), plus a nonrefundable origination fee of up to $5. At $15 per $100, a $300 two-week loan costs $50, about 435% APR.
Where can I complain about a lender in Alaska?
Contact the Division of Banking and Securities, Dept. of Commerce, Community, and Economic Development or the CFPB at consumerfinance.gov/complaint.
It takes a few minutes and costs nothing to ask. You decide after you see the full cost.
Check my offersWe pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.
Resources
Payday loans near me in Alaska: find your city