Personal loans in McGrath, AK

McGrath shed about 4.3% of its population between the 2020 base and the 2023 estimate. To lend to McGrath's 287 residents, a company must hold a Alaska licence, and each sourced row below names the regulator behind it. Use the calculator on this page to price an amount and term before you commit in McGrath. The closest larger city to McGrath lies beyond the 120-mile range we measure.

Borrowing in McGrath: the local picture

What follows is McGrath's place in the Census record, alongside the Alaska rules that govern a personal loan made here.

• Population: about 287 people live here, which puts McGrath 87th of 149 Census places in Alaska (Vintage 2023).
• Population trend: Roughly 4.3% fewer residents than the 2020 Census counted.
• Change in people: the 2020-to-2023 comparison is a loss of about 13 residents.
• Size percentile: with 287 residents, McGrath is larger than about 42% of Alaska's Census places.
• Land and density: 43.2 square miles of land carry roughly 7 residents per square mile.
• Land area: McGrath covers 43.2 square miles, the 16th-largest area among Alaska's 149 places.
• Water area: McGrath has 4.71 square miles of water, ranking 46th of 149 places in Alaska.
• State population share: McGrath accounts for about 0.1% of everyone in Alaska.
• National standing: McGrath ranks 15,260th of 19,457 US places.
• Growth rank: McGrath ranks 104th among Alaska's 149 places for the 2020-to-2023 change.
• State comparison: Alaska's places average -3.1% for 2020-to-2023, against McGrath's 4.3%.
• Density rank: McGrath is the 128th most densely settled place in Alaska.
• Density vs Alaska: McGrath's 7 people per square mile compare with a state median of 40.
• Location: it lies at 62.9406, -155.5664 in the Census Gazetteer.
• Nearest smaller towns: Nikolai (38 mi).
• Within a 50-mile radius: 1 smaller Census places.
• Within 100 miles: 0 places are larger than McGrath.

How Alaska law applies in McGrath

Every row below records a Alaska rule, its publisher and its retrieval date — the same rules a McGrath lender must follow.

How personal loans work in McGrath

In McGrath, a small community of about 287, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The APR tracks your credit score rather than McGrath's rank of 87th in Alaska: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a McGrath loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

What is available to McGrath borrowers

McGrath is a sparsely settled community of about 287 people, with 0 larger places inside a 50-mile radius. A Alaska licence lets a lender serve McGrath without a local office, so branch density does not change what its 287 residents are offered.

The McGrath borrowing checklist

These steps shape the offer you get in McGrath, a place of about 287 people:

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Test your amount and term in the personal loan calculator first.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Confirm the Alaska licence with the regulator named above before committing.
5. Keep the amount to the expense; an approval is not a reason to take more.
6. Be clear on what the loan is for and how it gets repaid.
7. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.

What differs between McGrath and the rest of Alaska is not the process but the borrower's own file, among the 287 people here.

McGrath in state context

Against Alaska's other places, McGrath accounts for about 0.1% of the state's population and ranks 87th of 149 by size. On the 2020-to-2023 trend, McGrath stands 104th among Alaska's 149 places — roughly the 30th percentile. By density, at about 7 people per square mile, it ranks 128th in Alaska. Between 2020 and 2023 the count changed by roughly 13 residents.