Personal loans in Shungnak, AK

Borrowing in Shungnak: the local picture

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

• Population: an estimated 254 residents, 93rd of 149 places in Alaska (Census Vintage 2023 subcounty estimate).
• Population trend: The 2020-to-2023 change is negative, near 7.0%.
• Change in people: the 2020-to-2023 comparison is a loss of about 19 residents.
• Size percentile: with 254 residents, Shungnak is larger than about 38% of Alaska's Census places.
• Land and density: 8.0 square miles of land carry roughly 32 residents per square mile.
• Land area rank: Shungnak's 8.0 square miles rank 73rd of 149 places in Alaska.
• Water area: Shungnak has 0.95 square miles of water, ranking 85th of 149 places in Alaska.
• State population share: Shungnak accounts for about 0.1% of everyone in Alaska.
• National rank: Shungnak sits 15,717th by population among the 19,457 places in this dataset.
• Growth in Alaska: Shungnak stands 142nd by percentage change from 2020 to 2023, among 149 places.
• State comparison: Alaska's places average -3.1% for 2020-to-2023, against Shungnak's 7.0%.
• Density in Alaska: Shungnak ranks 80th by people per square mile.
• Density in context: Shungnak's 32 people per square mile sit against a Alaska median of 40.
• Location: latitude 66.8851, longitude -157.1746 (Census Gazetteer).
• Nearest larger cities: Selawik (79 mi); Huslia (85 mi); Kiana (88 mi); Noorvik (105 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Smaller places close by: Kobuk (7 mi); Hughes (100 mi).
• Smaller neighbours: 1 places smaller than Shungnak sit within 50 miles.
• At 100 miles: 3 larger Census places fall inside that radius.

The Shungnak borrowing checklist

A sensible order of operations for a loan in Shungnak, home to about 254 people:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Test your amount and term in the personal loan calculator first.
3. Shop at least three lenders and judge them on APR and total cost.
4. Verify the lender's Alaska licence with the regulator listed on this page.
5. Keep the amount to the expense; an approval is not a reason to take more.
6. Write down the purpose of the loan and your repayment plan before you apply.
7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

In Shungnak as elsewhere in Alaska, the written terms — not the advertisement — are what count for its 254 residents.

Inside a Shungnak personal loan

Shungnak is a small community of about 254 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. The APR tracks your credit score rather than Shungnak's rank of 93rd 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 Shungnak loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Shungnak: area, density and distance

Shungnak covers about 8.0 square miles of land, with 0.95 square miles of water inside its boundaries (Census Gazetteer). The resulting density is about 32 people per square mile. The state's population centre of gravity, Anchorage, is roughly 460 miles away. Shungnak has 0 larger places within a 50-mile radius. By land area it ranks 73rd of 149 Alaska places.

Alaska consumer-lending rules applied in Shungnak

For the roughly 254 residents of Shungnak, the rules below are Alaska's own; each row carries its publisher and retrieval date.

How lenders reach Shungnak

Shungnak is a sparsely settled community of about 254 people, with 0 larger places inside a 50-mile radius. A Alaska licence lets a lender serve Shungnak without a local office, so branch density does not change what its 254 residents are offered. The nearest bigger place is Selawik, AK about 79 miles away.