Payday Loans in Alaska
Page last reviewed: October 28, 2026 · Reviewed for accuracy by Peter Kizza
Yes, you can get a payday loan in Alaska from a licensed lender. One lender can have up to $500 out to you at once, for at least 14 days, and fees are capped at $5 plus 15% of the advance: $80 on $500.
| Borrow | Up to $500 outstanding with one lender, for at least 14 days |
| Example | $300 for 14 days: repay $350 at the maximum (~435% APR) |
| Fee cap | A $5 origination fee plus up to 15% of the advance |
| Renewals | Two in a row at most, then repay in full |
| You need | ID, proof of income and a checking account |
LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.
Alaska's $5-Plus-15% Fee on $100 to $500
| Advance | Max fees | You repay |
|---|---|---|
| $100 | $20 | $120 |
| $200 | $35 | $235 |
| $300 | $50 | $350 |
| $400 | $65 | $465 |
| $500 | $80 | $580 |
Worked out from Alaska law, not offers from lenders in our network; a lender can charge less.
Fees are earned when the advance is made and aren't prorated, so repaying early doesn't shrink them. A lender can't charge you to get your money, and the agreement must show the fees in dollars and as an APR.
Renewals: Two at Most, Each at Least 14 Days
- A lender can renew an advance no more than twice in a row, then must require full repayment.
- Each renewal runs at least 14 days and can't cost more than the original fee limits.
- You can't repay an advance with a new advance from the same lender.
- The $500 limit covers all of a lender's locations, and it can't split an advance to collect extra $5 fees.
Changed your mind? Repay the principal by close of business on the next business day and the advance is canceled. The lender keeps only the $5 origination fee.
After a Default: Alaska's Six-Month Payment Plan
Before a lender sends a defaulted advance to collections or sues, it must try to reach you and offer a payment plan of up to six months, with at least 5% down and no extra fee beyond a bad-check charge. It must also send a certified letter at least 15 days before going to court.
If the lender does sue, damages and costs can't exceed the payment by more than $700. It can't threaten criminal action, and it can't make you agree to mandatory arbitration.
Asking for an Alaska Advance in Three Steps
- Have your ID, proof of income and checking account details ready, and pick a due date at least 14 days out.
- Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
- Before you sign, read the separate disclosure: the fees, your right to cancel and the DBS contact for complaints.
A License for Every Store and Website
Alaska requires a deferred deposit license for each store and each website, including for lenders based outside the state. On January 1, 2025, DBS counted 13 active licensees: seven companies, three branches, one mobile app and two websites.
- Note the lender's legal name and the exact website or store address you're using.
- Ask DBS at (888) 925-2521 or [email protected] whether that location or website holds an active deferred deposit advance license.
- Match the licensee's name to the one on your agreement, which must name it.
In Anchorage, call DBS at (907) 269-8140.
Common Questions
Can I get a payday loan in Alaska?
Yes, from a lender licensed for deferred deposit advances. You can owe one lender up to $500 at a time, for at least 14 days.
Where can I borrow $500 until payday in Alaska?
From a store or website that holds its own Alaska deferred deposit license. A $500 advance costs up to $80 in fees, so you'd repay $580.
How much does a $300 payday loan cost in Alaska?
Up to $50: the $5 origination fee plus $45. You'd repay $350; over 14 days that's about 435% APR.
Can I cancel an Alaska payday loan?
Yes. Repay the principal by close of business on the next business day. The lender keeps the $5 origination fee and nothing else.
What happens if I can't repay an Alaska payday loan?
The lender can renew it up to twice in a row. After a default, it must offer a payment plan of up to six months, with at least 5% down, before collections or a lawsuit.
Can I get a payday loan online in Alaska?
Yes, if that website holds its own Alaska license. As of January 2025, DBS counted two licensed websites and one mobile app.
Official Sources
General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.