Want to Make STACKS of Cash?

Join the weekly Finance Stacks newsletter for expert advice on stacking extra cash.

Error subscribing. Try again! Your subscription could not be saved. Please try again.
Congratulations it's time to start stacking money. Congratulations it's time to start stacking money. Please check your inbox for the confirmation email.

The Best Loans in Alaska 2023: Compare Loan Rates

Written by:  Joe Chappius
|
Last updated: May 6, 2024

Financer.com helps you compare online loan rates in Alaska. Compare different loan options in Alaska and read more about the payday loan laws in the state.

  • Compare lenders online
  • Apply for loans in Alaska from leading lenders
  • Compare loan rates 

How to Compare Loans in Alaska

How to Compare Loans in Alaska
1
Choose your loan amount
Choose the amount of money you want to borrow
2
Compare loan rates
Filter the results based on your needs and compare loan rates
3
Choose the best offer
Choose the best offer from leading lenders
4
Complete the application
Click Get Started and complete your application online

As seen in

business-insider
entrepreneur-logo
forbes-logo-40224
vice-logo
yahoo-finance-logo
the-new-york-times-logo

Online Loans in Alaska

We've seen a decline in the number of unsecured loans that banks provide in the past few years. While it may be challenging to get a personal loan from a bank, you could still get financing by taking a payday loan.

Compare Alaska USA loans with our loan comparison tool above, or read more about online payday loan laws in Alaska and the role of credit unions such as the AlaskaUSA Federal Credit Union below.

The Advantages of Online Alaska Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Alaska Payday Loan Laws

Pursuant to the Alaska statute legislation, cash advance and payday loans are legal in the state of Alaska.

Alaska residents can pursue their options from storefront lenders and online lenders. There are high rates of approval for those who are seeking a more convenient and fast route to payday lending.

Alaska has general laws and guidelines for online payday loans:

  1. The maximum loan amount is $500
  2. Finance charges include 17.5% plus a non-refundable fee of $5
  3. The borrower must be permanently employed or have a steady source of income

Collection Laws

Borrowers of Alaska installment loans will be charged a one-time fee of $30 if checks have to be returned due to insufficient funds.

Lending companies do not have the right to file criminal actions against customers who have defaulted payment.

The only exception to this rule is when there is clear evidence of the borrower trying to defraud the lender.

For instance, presenting already closed bank accounts for checks to be issued.

Fees and charges that Alaska cash advance loans come with include finance rate, rollover fees, and collection fees.

Requirements for an Alaska Payday Loan

  • Be at least 18 years of age
  • Have a regular and steady income
  • Be an American citizen or a permanent resident

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.
Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Alaska Payday Loan Regulations

Legal Status Legal
Interest Rate (APR) 435%*
Max. Loan Amount $500
Min. Loan Term 14 days
Max. Loan Term Not specified
Number of Rollovers 2
Finance Charges 15% of the amount advanced
Statute of Limitations 3 years from the last payment
Updated April 11 2022
Payday loans can be taken for the period not less than 14 days with the maximum finance charge of 15% for every $100 and 435%* APR. A cooling-off period of 14 business days should pass before a new loan. Any NSF fees are prohibited.

Payday Loans Debt Limits

The maximum loan amount a borrower can have in Alaska is $500 for each loan.

A consumer is legally allowed to have as many payday loans as they wish as long as each loan does not exceed $500.

If due to an unforeseen occurrence, a consumer cannot repay on the due date, a rollover is accepted. A lender is permitted to perform a rollover only twice.

Why Compare Alaska Loan Rates at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in Texas
Find the Cheapest Payday Loans in Texas
Compare Now

Compare Online Loans in Alaska

Compare lenders and loan rates and apply for an Alaska loan online. With Financer.com you can:

  • Compare lenders that offer loans of $500
  • Prequalify with no impact on your credit score
  • Compare rates and choose the best loan offer

Start Comparing

How much would you like to borrow?

About Alaska USA Federal Credit Union

The Alaska Federal Credit Union was founded in 1948 and has members in all 50 US states. It has branches in Alaska, Washington, California, and Arizona, offering personal loans, mortgages, insurance, and investment management.

Alaska USA loans are available for members and this includes credit lines, signature loans, and pledge loans. 

Credit cards from Alaska USA Federal Credit Union have no annual fees, low rates starting at 10.5% APR, with no penalty fees. You can also benefit from credit card rewards and redeem points for merchandise and travel. 

What Customers Say About Us

rating_greenrating_greenrating_greenrating_greenrating_green

4.60 based on 326 reviews

from Reviews.io

Compare Alaska Loans at Financer.com

Financer.com helps you compare the best personal loans in Alaska and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in Alaska and take the guesswork out of doing all the legwork yourself.

Alaska Loan FAQs

Are payday loans legal in Alaska?

Yes. Payday loans are permitted in Alaska, although they are limited to $500 per loan. 

How much can I borrow with Alaska loans?

Personal loan rates and terms will vary by lender and also depends on your credit profile. Typically, personal loans are available up to $50,000 but payday loans are limited to $500 per loan. 

How do I apply for a loan in Alaska?

Start by comparing lenders online to find the best loan rates in Alaska. At Financer.com we offer a free loan comparison to help you save more, and find the best lender for your specific needs.

No Teletrack Tribal Loans: Bad Credit Accepted

What Are No Teletrack Tribal Loans? No teletrack tribal loans are short-term, high-interest loans offered by lenders affiliated with Native American tribes. These loans have two

See more posts

How To Sell a Car with a Loan

Selling a car can be a straightforward process, but when you still owe money on the vehicle, it becomes a bit more complex. This guide ...

See more guides

Conventional Mortgage Loans

Conventional mortgage loans are an important financial tool. They play a crucial role for people buying a home. Understanding how they work will help you ...

See more wikis

Was this article helpful?

Be the first one to give feedback

How can we improve this article? Your feedback is private.

We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview