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Payday loans in Alaska

Payday loans for bad credit in Alaska

Payday loans are allowed in Alaska from state-licensed lenders (Deferred deposit advance). Here are the limits Alaska law sets, what a typical loan can cost, and where to get free help if you need it.

Last updated .

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Part of the Alaska guide

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What Alaska law allows

Payday loans in Alaska
ProductStatusAPR capAmountTermLicenseLaw
Payday loans[1][2][3][4] Allowed Not verified Up to $500 At least 14 days Deferred deposit advance AS 06.50.010 et seq.; application details at AS 06.50.400-06.50.560
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.
The rules in full

Payday loans

Fees
AS 06.50.460(a) limits charges to a nonrefundable origination fee of up to $5 plus a fee not exceeding $15 per $100 advanced or 15% of the advance, whichever is less. Max $500 outstanding (AS 06.50.410); minimum duration 14 days (AS 06.50.440); no more than two consecutive renewals (AS 06.50.470).
License
Deferred deposit advance (payday lender) license issued by the Division of Banking and Securities.

Full detail for every loan type: Alaska lending laws.

Money snapshot for Alaska

Alaska household data
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[5]$1,591FY2026
Population[6]740,1332024
Unemployment rate[7]4.3%2026-08

Other options in Alaska

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Emergency loans in Alaska: allowed under Alaska law; see its limits and license rules.
  • Installment loans in Alaska: allowed under Alaska law; see its limits and license rules.
  • Personal loans in Alaska: allowed under Alaska law; see its limits and license rules.
  • Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
  • Nonprofit credit counseling. A counselor accredited by the National Foundation for Credit Counseling can help you build a budget or a debt management plan.
  • Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
  • Local assistance. Call 211, or visit 211.org, for emergency help with rent, utilities and food in Alaska.

See every loan type Alaska law allows.

Sources

  1. commerce.alaska.gov/web/dbs/ConsumerFinance/DeferredDepositAdvance.aspx. Retrieved September 23, 2026.
  2. Justia. law.justia.com/codes/alaska/2010/title06/chapter06-50. Retrieved September 23, 2026.
  3. akleg.gov. AS 06.50.010 et seq.. Retrieved September 23, 2026.
  4. commerce.alaska.gov. Alaska Division of Banking and Securities (Dept. of Commerce, Community and Economic Development). Retrieved September 23, 2026.
  5. National Low Income Housing Coalition. Out of Reach 2026: Alaska. Retrieved September 23, 2026.
  6. U.S. Census Bureau, Population Division. Vintage 2024 National and State Population Estimates. Retrieved September 23, 2026.
  7. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

Important disclosures

APRs vary by lender and state in Alaska. Each lender sets its own rates and terms and must show you the APR before you sign.

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  • Questions about a lender licensed in Alaska? Contact the Alaska Division of Banking and Securities or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.