Permitted Regulated Verified 2026-09-07 · ver. 0.2.3 How we verify these rules

Payday Loans in Alaska

Alaska permits licensed deferred-deposit advances with an aggregate $500 borrower balance ceiling. The advance must run at least 14 days; fees are capped by a $5 origination amount plus a statutory lesser-of transaction fee, and no more than two consecutive renewals are permitted.

Alaska legal category: Deferred Deposit Advance · Alaska Statutes Chapter 06.50

Alaska payday loans at a glance

Legal status
Permitted Regulated
Legal category
Deferred Deposit Advance
Maximum amount in this regime
$500
Term
At least 14 days
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.

$200–$500 Current guide

Payday Loans in Alaska

Editorial payday route within Alaska’s $500 aggregate deferred-deposit ceiling.

$500–$5,000

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.

See Installment Loans

Amount and term limits

The aggregate amount of advances owed by a customer to a deferred-deposit licensee may not exceed $500.

A deferred deposit advance must have a duration of at least 14 days. No single statutory maximum term is encoded here because the current cited section supplies a minimum rather than a universal maximum.

Interest, fees and repayment

Alaska uses a statutory origination-plus-transaction-fee ceiling rather than one simple annual interest rate for deferred-deposit advances.

The licensee may charge an origination fee of up to $5 plus a fee that may not exceed the lesser of $15 per $100 of the advance or 15% of the total advance.

The advance is a short-term deferred-deposit transaction due under the written agreement, subject to the statutory minimum duration and renewal limits.

Rollovers, refinancing and early payment

Rollover allowed?
Yes
A renewal must run at least 14 days, and the law permits no more than two consecutive renewals of the original advance.
Prepayment penalty allowed?
Not reduced to a yes/no rule
No separate universal prepayment-penalty rule is encoded for this short-term product from the cited sections.

Alaska borrower protections

  • Aggregate advances owed to a licensee may not exceed $500.
  • The transaction must run at least 14 days.
  • The transaction fee may not exceed the lesser of $15 per $100 advanced or 15% of the total advance, plus an origination fee up to $5.
  • No more than two consecutive renewals are permitted.
  • Deferred-deposit lenders are licensed by the Alaska Division of Banking and Securities.

Alaska loan cost calculator

Why there is no single statutory calculator: The Alaska fee ceiling combines a flat origination fee and a lesser-of percentage rule, while renewals have separate constraints. We keep the release calculator-free rather than add a one-off engine.

How to verify a lender in Alaska

Regulator: Alaska Division of Banking and Securities.

Deferred Deposit Advance license

Verify a lender license

Official sources

  1. Alaska Division of Banking and Securities — Deferred Deposit Advance · primary
  2. Alaska Statutes §06.50.410 — Maximum aggregate advance · primary
  3. Alaska Statutes §06.50.440 — Minimum duration · primary
  4. Alaska Statutes §06.50.460 — Fees · primary
  5. Alaska Statutes §06.50.470 — Renewals · primary

Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.