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Current Payday Lenders in Alaska – Terms, Rates, Legislation

Payday loans are designed to get people through the hardest situations. From medical treatment, emergency flights to car repairs, surprise bills can put any person behind and behind quickly. Below we describe how the Alaska payday loan laws work.

The list of payday lenders in Alaska


  • MIN Loan Amount: $100
  • MAX Loan Amount: $2,500
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • Website:

LendYou is a loan agent that connects applicants to direct independent lenders. Simply by filling out and submitting this application form, you will be connected to a lender online around the clock and can have the funds available as soon as the following business day, provided that you comply with the lender’s individual eligibility criteria.

Greenlight Cash

  • MIN Loan Amount: $200
  • MAX Loan Amount: $5,000
  • Terms: Varied
  • Rates and fees: 200% to 1386% APR
  • Turnaround Time: 1 business day
  • Website:

Greenlight Cash is a loan matching service. Its automated online system lets you apply for up to $5,000 by filling out a simple, effortless request form directly from your PC, tablet, or mobile phone. The online application form typically takes less than 10 minutes to complete.


  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Website:

GoGo Payday Loans offers fast unsecured payday loans even to people with bad credit scores. They provide Americans with speedy funding in the amounts of $100 – $1,000 and expect this money to be repaid within a month or so. They will help you find the best loan online from independent direct lenders with a short and safe application form.

Speedy Cash

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1,500
  • Terms: up to 60 months
  • Rates and fees: 15% – 23% interest rate
  • Turnaround Time: 1 business day
  • Website:

Speedy Cash is one of the leaders in the short-term financial services industry, offering unsecured payday loans online, cheque cashing, and more! They offer convenient 24-hour payday loans issued across the USA. They provide access to fast cash for those who don’t have a flawless credit history. You can apply 100% online, anytime.

Check Into Cash

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1,000
  • Terms: about 14 days
  • Rates and fees: around 300% APR
  • Turnaround Time: 1 business day
  • Website:

Check Into Cash is a national leader in short-term lending, providing customers with affordable, small-dollar loans. Founded in Cleveland, Tennessee in 1993, this company has since grown to more than 1,000 in-store locations in 30 states. You can apply via the Internet or at one of its hundreds of branches across the country. Their conveneint online automated system will allow you to know within 1 minute of submitting your online loan request.

Cash Central

  • MIN Loan Amount: $100
  • MAX Loan Amount: $2,000
  • Terms: Vary
  • Rates and fees: $15 to $27 per $100
  • Turnaround Time: 1 business day
  • Website:

Cash Central is an online lender that offers loans ranging from $100 to $2,000. The company offers personal loans with flexible repayment options and potentially quick funding. But they aren’t available in many states, and their fees and APRsare quite high. Cash Central also offers installment loans and lines of credit, but you may have a limited choice depending on your state. Cash Central is part of Community Choice Financial, a national lending company that’s been working since 2011.


  • MIN Loan Amount: $500
  • MAX Loan Amount: $4,000
  • Terms: Up to 36 months
  • Rates and fees: 99.00% – 199.00%
  • Turnaround Time: 1 business day
  • Website:

OppLoans is an online lender that offers short-term, small-dollar loans. Actually, they focus on installment loans with instant funding to people who need a worthy alternative to traditional payday lending. This online portal may be a great choice for you if you have a bad credit score. There is no minimum credit requirement, and the lender specializes in providing no credit check loans.


  • MIN Loan Amount: $100
  • MAX Loan Amount: $600
  • Terms: Up to 24 months
  • Rates and fees: 241% – 449% APR
  • Turnaround Time: 1 business day
  • Website:

Founded in 2004, CashNetUSA is a popular, reliable, state-licensed online lender that specializes in short-term payday loans. Available loan amounts can vary from state to state, but these loans usually come in amounts ranging between $100 and $600, while their installment loans and lines of credit range between $100 and $3,500. CashNetUSA issues loans in only 29 states. The amount and type of loan you might be eligible for depends on your state of residents.


  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 – 2 business day
  • Website:

Indylend is another popular loan referral service available today. The website has been matching borrowers with potential direct lenders since 2002, and has helped thousands of customers get the funds they need fast and stress-free. The company offers a variety of benefits that make it a good choice for those in need of a quick payday loan.

Are payday loans legal in Alaska?

Yes. Payday lending is legal in Alaska. So long as you comply with the minimum eligibility criteria and provide all of the correct documens and infrmation, you can receive up to $500 in Alaska. Payday loans in this state are regulated by Alaska Statute Code 06.50.010 et seq. Payday lenders are not allowed to charge more than 15% of the total loan amount and if you miss your payment on the due date, the lender can charge only one $15 NSF fee. Before concluding an agreement, all lenders must disclose all the rates and terms with their clients. Each payday lender must have an appropriate license to issue loans in the state and a separate license if they want to do business remotely – via the Internet.

Do I qualify for Alaska payday loans?

The borrower requirements are easy to meet. You must be at least 18 years of age; you should be a US citizen or a permanent resident, and you must have an open, active and personal bank account. Other eligibility criteria include:

  1. A valid home address
  2. A valid phone number
  3. A steady source of income for the last 90 days
  4. A valid driver’s license or a government-issued ID
  5. A social security number

The above criteria are needed to get approved for a payday loan in Alaska. It’s important to keep in mind that some loan providers might require additional information and documents before lending you money.

Alaska payday loan regulations

Law status Legal
MIN Loan Amount N/A
MAX Loan Amount $500
MIN Loan Term 14 Days
MAX Loan Term 36 Days
MAX APR 435%
Additional fees N/A
NSF fee Not allowed
Collateral or guarantor Not required
Number of simultaneous loans Only one loan allowed at a time
Cooling off period 14 Business days
Rollover 2 Allowed
Extension, repayment plan Allowed
Default penalties N/A
Credit score requirements N/A

Payday loan amounts and terms in Alaska

The maximum payday loan in Alaska is $500. The minimum loan term is 14 days with the maximum finance charge of 15% for every $100 you borrow and 435% APR. You are allowed to request one renewal and a cooling-off period of 14 working days should pass before you can get a new loan.

The state law does not contain any information about the maximum payday loan term in Alaska.

The loan can be used for any purpose, including any urgent expenses, bills, repairs, etc. It may seem a good reason to apply for a cash advance loan.

If a $500 loan is too small for you, there are always alternative ways to borrow money in Alaska:

  • Unsecured installment loans,
  • Title loans,
  • Check cashing,
  • Bad credit personal loans,
  • Pawn shops, etc.

Rates, fees and other charges in Alaska

  • Finance charges and fees cannot be more than 15% for every $100 borrowed.

Under Alaska regulation, any lender is allowed to charge an origination fee, which is refundable, for an amount not exceeding $5. A fee can also be assessed that is no more than $15 for every $100 you borrow, or 15% of the total loan amount, whichever is less.

  • APR equals 435%.

Does Alaska law allow payday loans for bad credit?

The average credit score in Alaska is 675, which is considered good. But it doesn’t mean that people who have a lower credit score can’t apply for a payday loan in Alaska.

  • In Alaska, there are a lot of licensed and reliable lenders offering payday loans regardless of your credit score.
  • Besides, you can add a cosigner to boost your chances of being approved for a cash advance loan.
  • Learn how to boost your credit score and try to do it as quickly as possible.
  • You can also apply for a bad credit installment loan, or bad credit personal loan.

Consumer information

From July 2020, payday lenders are not required to check a person’s ability to pay back a loan.

First of all, assess your current financial situation in order to avoid a debt trap. The rule was changed by the Consumer Financial Protection Bureau (CFPB).

  • The minimum renewal term of an advance is 2 weeks.
  • The state has collection restrictions in cases when borrowed missed loan payments or repaid the debt not entirely. The licensed lender may not collect any fees under AS 06.50.400.
  • Any criminal actions against borrowers in Alaska are completely banned.