Installment Loans in Alaska
Alaska separately regulates Small Loan Companies for higher-rate consumer loans under $25,000. Within PLS Cash Advance’s $500–$5,000 range, the law uses monthly rate bands and amount-based maximum repayment periods.
Alaska legal category: Small Loan under the Alaska Small Loans Act · Alaska Statutes Chapter 06.20
Alaska installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Small Loan under the Alaska Small Loans Act
- Maximum amount in this regime
- $25,000
- Term
- The statute uses amount-based maximum periods in months: up to 24.5 months for loans not over $1,000, 48.5 months above $1,000 through $2,500, and 60.5 months above $2,500 through $5,000. The original statutory month units are preserved rather than converted to artificial day counts.
- Regulator
- Alaska Division of Banking and Securities
- Verified
- 2026-09-07
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in Alaska
Editorial payday route within Alaska’s $500 aggregate deferred-deposit ceiling.
Installment Loans in Alaska
Editorial installment route within the Alaska Small Loans Act framework; $5,000 is the current site selector boundary, not the Act’s maximum.
Amount and term limits
Alaska Small Loan Companies are licensed for covered higher-rate loans under $25,000. PLS Cash Advance routes only its current $500–$5,000 request range to this guide.
The statute uses amount-based maximum periods in months: up to 24.5 months for loans not over $1,000, 48.5 months above $1,000 through $2,500, and 60.5 months above $2,500 through $5,000. The original statutory month units are preserved rather than converted to artificial day counts.
Interest, fees and repayment
Alaska’s Small Loans Act uses monthly rate bands rather than one universal APR ceiling, so a single statutory calculator would be misleading for the site range.
For loans within the Small Loans Act ceiling, §06.20.230 permits up to 3% per month on unpaid principal not exceeding $850 and 2% per month on the portion above $850 through $10,000; for the portion/loan range above $10,000 through $25,000, the rate may be agreed by contract under the statute.
Covered small loans are generally repayable in substantially equal consecutive monthly installments; the first installment is generally due no more than 45 days after the loan date, subject to statutory exceptions.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Renewal/refinancing depends on the Small Loans Act and the contract; no payday-style rollover rule is asserted. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
No universal prepayment-penalty flag is asserted here without encoding the full Small Loans Act payoff/refund rules.
Alaska borrower protections
- Small Loan Companies must hold the appropriate Alaska license.
- Within the current site range, maximum repayment periods change at $1,000 and $2,500.
- The statute limits monthly rates by unpaid-principal band rather than supplying one flat APR.
- Repayment is generally structured through substantially equal monthly installments.
Alaska loan cost calculator
How to verify a lender in Alaska
Regulator: Alaska Division of Banking and Securities.
Small Loan Company license under AS 06.20
Official sources
- Alaska Division of Banking and Securities — Small Loan Companies · primary
- Alaska Statutes §06.20.230 — Small-loan charges · primary
- Alaska Statutes §06.20.250 — Installment schedule and maximum periods · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.