Why get an Online Loan in Alaska?
We get it. Sometimes, emergency expenses like food come up and you need to get cash
immediately. Anyway, you don't have the income or credit to put it on your credit card.
Thankfully, getting an online loan in Alaska is quick and easy. It doesn't matter if you live
in Anchorage, Fairbanks, Juneau, or Sitka, you can you loan deposited the same business day or if applying after 11am, the next business day.
How Much do Online Payday Loans in Alaska Cost?
The maximum annual percentage rate allowed by law in Alaska is 435% APR.
Finance Charges
Often, the APR includes the interest rate plus fees. In Alaska, lenders may charge a maximum
of a $5 origination fee plus the lesser of $15 for every $100 loan amount, or 15% of the total loan amount.
Representative Example
For example, Reva has an unexpected food expense and needs cash
immediately. They can borrow up to $500 for up to one month
at 435% APR. The high APR can make this example loan extremely expensive; Reva will pay back a total of $681 including a total of $181 in interest and fees!
What You Need
Before you can get an online loan in Alaska, this is what you will need:
- You must be at least 18 years old
- Valid Alaska driver license or government issued ID
- Checking or savings account
- Most recent pay stub
Terms for Online Payday Loans in Alaska
Maximum loan terms in Alaska:
- Maximum loan amont: $500
- Maximum rate, including fees: 435%
- Maximum loan length: $500
