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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 license). Here are the limits Alaska law sets, what a typical loan can cost, and where to get free help if you need it.

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Last updated .

Part of the Alaska guide

What Alaska law allows

Payday loans in Alaska
ProductStatusAPR capAmountTermLicenseLaw
Payday loans[1][2][3][4] AllowedHigh-cost loan Not verified Up to $500 At least 14 days Deferred deposit advance license 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.

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Rent and jobs in Alaska

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Alaska
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[5]$1,591FY2026
Unemployment rate[6]4.3%2026-08

Other options in Alaska

Cheaper options to try first

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

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Alaska.

Other loan types allowed 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. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

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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.