- Payday loans are legal in Alaska under the Alaska Statutes chapter 06.50 (Deferred Deposit Advances).
- The typical APR on a $400 payday loan in Alaska was 424% (CRL, June 2023, from state regulator data).
- We could not verify a fee cap for Alaska; check current limits with the Alaska Division of Banking and Securities.
Payday loan rules in Alaska
| Rule | Alaska |
|---|---|
| Licensing | Lenders must be licensed by the Division of Banking and Securities |
| Limits | Set by AS 06.50; check the Division’s deferred deposit page for current amounts and fees |
Rules checked 2026-10-04. Laws change, so confirm current limits with the Alaska Division of Banking and Securities.
What a payday loan costs in Alaska
The Center for Responsible Lending found the typical APR on a $400 single-payment payday loan in Alaska was 424%, based on data from the state regulator (June 2023). Use our cost calculator to turn any offer into an APR.
Most payday loans are due in one payment on your next payday. If repaying leaves you short again, ask about an extended payment plan and avoid renewals.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
How to check a lender in Alaska
- Make sure the lender is licensed by the Alaska Division of Banking and Securities. Many lenders can also be looked up on NMLS Consumer Access.
- Get the APR and finance charge in writing before you sign. Federal law requires them.
- Be careful with online lenders that say Alaska law does not apply to them because they are tribal or offshore.
- File complaints with the state regulator and the CFPB.
Cheaper options in Alaska
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Alaska that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Alaska cities
Local guides for 93 Alaska cities and towns, with credit unions, nearby towns and the rules that apply.
- Payday loans in Anchorage
- Payday loans in Fairbanks
- Payday loans in Juneau
- Payday loans in Wasilla
- Payday loans in Sitka
- Payday loans in Ketchikan
- Payday loans in Kenai
- Payday loans in Palmer
- Payday loans in Bethel
- Payday loans in Homer
- Payday loans in Kodiak
- Payday loans in Utqiagvik
- Payday loans in Soldotna
- Payday loans in Unalaska
- Payday loans in Valdez
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Alaska?
Yes. Payday lending is legal in Alaska under the Alaska Statutes chapter 06.50 (Deferred Deposit Advances) and is regulated by the Alaska Division of Banking and Securities.
What is the typical payday loan APR in Alaska?
The Center for Responsible Lending reported a typical APR of 424% on a $400 payday loan in Alaska, using state regulator data (June 2023).
Where can I complain about a payday lender in Alaska?
Contact the Alaska Division of Banking and Securities and file a complaint with the Consumer Financial Protection Bureau.