Loans in Alaska: payday, personal & title loan laws (2026)

In Alaska, payday loans are legal, car title loans are limited, and personal installment loans are available from licensed lenders. Below are the verified rules, local lenders and credit unions for all 30 counties and 7 cities with 10,000+ residents.

Request a payday loan in Alaska

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1 Choose an amount and fill out the form
2 Get matched with a lender in our network
3 Review your offer and get funded, often next business day

Tip: apply on a weekday morning for the best chance of funding by the next business day.

No hard credit inquiry on our end; lenders may check your credit. Not a lender; approval, amount and terms come from the lender. Example: $1,000 over 12 months at 35.99% APR ≈ $100.46/month.

Payday Loans Legal

Payday loans ("deferred deposit advances") are legal in Alaska from lenders licensed under AS 06.50.

Personal Loans

Licensed small lenders: 3%/month on the first $850, 2%/month on the part up to $10,000, and any agreed rate on the part from $10,000 to $25,000.

Title Loans Limited

We found no Alaska statute that authorizes car-title loans.

Alaska at a glance

735,706

Residents

$92,788

Median household income

111

FDIC bank branches

Credit-union branches

Counties in Alaska

Cities in Alaska

Anchorage Fairbanks Juneau Knik-Fairview Badger College North Lakes

Frequently asked questions

Are payday loans legal in Alaska?

Payday loans ("deferred deposit advances") are legal in Alaska from lenders licensed under AS 06.50. In 2025 the Legislature passed SB 39, which would have capped these loans at 36% APR. The Governor vetoed it on June 24, 2025, so the existing rules still apply.

How much can you borrow with a payday loan in Alaska?

$500 outstanding at one time from a licensee, including all of its locations.

How much do payday loans cost in Alaska?

A non-refundable origination fee of up to $5, plus a fee of no more than $15 per $100 advanced or 15% of the advance, whichever is less. No other fees are allowed.

Are title loans legal in Alaska?

We found no Alaska statute that authorizes car-title loans. Pawnbrokers (AS 08.76) must keep pledged property on their premises. Non-bank consumer loans of $25,000 or less made above the general legal rate require a Small Loans Act license and are subject to that Act's rate caps.

Is there a cap on personal loan interest rates in Alaska?

Licensed small lenders: 3%/month on the first $850, 2%/month on the part up to $10,000, and any agreed rate on the part from $10,000 to $25,000.

Do personal loan lenders need a license in Alaska?

Yes, to make loans of $25,000 or less at more than the rate an unlicensed lender may charge. Banks and credit unions are exempt from licensing but must follow the Act's other rules. Pawnbroker loans up to $750 and loan-shop loans up to $500 are outside the Act.