Payday loans in Alaska
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Alaska payday loan rules at a glance
| Governing law | Deferred Deposit Advances (AS 06.50.010 - 06.50.900) |
|---|---|
| Maximum loan | $500 outstanding at one time from a licensee, including all of its locations. (AS 06.50.410) |
| Fees / interest cap | 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. (AS 06.50.460(a), (b)) |
| Minimum term | 14 days. (AS 06.50.440) |
| Rollovers / renewals | Up to two consecutive renewals, each for at least 14 days and at no higher fees. After that the advance must be repaid in full. (AS 06.50.470) |
| Loans at one time / database | No more than $500 outstanding with a licensee at one time. A lender may not split an advance or arrange more than one at a time to collect extra origination fees. (AS 06.50.410, 06.50.420) |
| Extended payment plan | Before sending a defaulted advance to collections or suing, the lender must offer a payment plan of up to six months, with at least 5% due at signing and no added fee (except an allowed bad-check fee). It must also send a certified letter at least 15 days before suing. (AS 06.50.550(a)) |
| Returned-payment fee | A bad-check fee is allowed as permitted by AS 09.68.115(a)(2), and only if disclosed in the agreement. Total damages and costs in a lawsuit may not exceed the payment amount by more than $700. (AS 06.50.510(b)(3), 06.50.540, 06.50.550(b)) |
| Criminal charges for bounced check | A lender may not threaten criminal action over a default. The required disclosure must state that criminal action may not be brought for failure to pay the advance. (AS 06.50.560, 06.50.510(b)(9)) |
What a $500 payday loan costs in Alaska
Alaska caps the fee at $15 per $100, so on a $500 loan the most a licensed lender can charge is $75 and you repay $575 on your due date.
How much will I repay?
Alaska caps the fee at $15 per $100 (state law).
Estimate only. Your lender shows your exact cost before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Washington | Legal | $700 or 30% of your gross monthly income, whichever is lower. |
Payday Loans by city in Alaska
Counties in Alaska
Show all 30 counties
Also see: Personal Loans in Alaska · Title Loans in Alaska · All Alaska loan options
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.
How many payday loans can you have at once in Alaska?
No more than $500 outstanding with a licensee at one time. A lender may not split an advance or arrange more than one at a time to collect extra origination fees.
Can you roll over a payday loan in Alaska?
Up to two consecutive renewals, each for at least 14 days and at no higher fees. After that the advance must be repaid in full.
Do Alaska payday lenders have to offer a payment plan?
Before sending a defaulted advance to collections or suing, the lender must offer a payment plan of up to six months, with at least 5% due at signing and no added fee (except an allowed bad-check fee). It must also send a certified letter at least 15 days before suing.
Can a payday lender press criminal charges in Alaska?
A lender may not threaten criminal action over a default. The required disclosure must state that criminal action may not be brought for failure to pay the advance.
How much does a payday loan 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. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Alaska borrowers in about 3 minutes.
Do payday loans in Alaska affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Alaska residents can see their options with our 3-minute form.
Can I get a payday loan online in Alaska?
Yes. You can request a payday loan online from anywhere in Alaska, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Alaska residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
What do I need to get a payday loan in Alaska?
Most lenders ask for a few basics: you must be a legal adult, with a valid government-issued ID, a steady source of income, an active checking account in your name, and a phone number and email. Some lenders also ask for recent pay stubs or bank statements. Having these ready makes our 3-minute form quick, and many Alaska applicants get a decision in minutes.