Personalloaner

Alaska lending rules

Personalloaner covers 149 Census places in Alaska, which together hold an estimated 491,426 people. Licensed lenders set personal-loan terms here under Alaska law, and the sourced rules below reach every borrower in the state.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Key rules for borrowers in Alaska

RuleDetailSource
Maximum legal interest rate (usury cap) 10.5% per annum default; by contract, the greater of 10% or 5 percentage points above the 12th Federal Reserve District advance rate (loans over $25,000 exempt)
Source says: "The rate of interest in the state is 10.5 percent a year and no more on money after it is due"; "more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District".		 Alaska Legislature — Alaska Statutes § 45.45.010
as of 2026-09-16
Payday lending status Permitted — licensed deferred deposit advances; max $500 outstanding per borrower; origination fee ≤$5; fee ≤$15 per $100 or 15%; minimum 14-day term
Source says: "may not make advances to an advance recipient that exceed $500 outstanding in advances to the recipient at one time"; "a fee that does not exceed $15 for each $100 of an advance, or 15 percent of the total amount of the advance".		 Alaska Legislature — Alaska Statutes §§ 06.50.410, 06.50.460
as of 2026-09-16
Small-loan / installment lender licensing License required from the department to make loans of $25,000 or less at above-legal rates; $25,000 liquid assets and $25,000 bond required
Source says: "without first obtaining a license from the department"; "liquid assets of at least $25,000".		 Alaska Legislature — Alaska Statutes §§ 06.20.010, 06.20.040
as of 2026-09-16
State lending regulator Alaska Department of Commerce, Community, and Economic Development (Division of Banking and Securities)
Source says: "department means the Department of Commerce, Community, and Economic Development". The Division of Banking and Securities (commerce.alaska.gov/web/dbs) administers the department's lending license programs.		 Alaska Legislature — Alaska Statutes § 06.50.900(5)
as of 2026-09-16

Places we cover in Alaska

The Census Bureau counts 149 places in Alaska, and the largest are linked below.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

How high can interest rates legally go in Alaska?
The answer turns on the product and on which statute applies to it. This page's table sets out Alaska's usury cap and licensing rules, and each row carries its publisher and a link to the primary source.
What is Alaska's position on payday lending?
Each state handles payday lending on its own: some permit it, some cap it, some prohibit it. The sourced row on this page gives Alaska's current position.
How do I know a lender is licensed in Alaska?
Consumer lenders generally need a licence issued by the state regulator identified on this page. Verify that licence with the regulator before you commit to anything.

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