Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / AK
Personal loans, banking, insurance, and debt help in Alaska
Alaskans take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
25lenders in the dataset
AKstate guide
$1,067/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Alaska
Alaskans take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
Interest-rate law
Alaska's usury law is tiered by loan size under the Alaska Small Loans Act: 36% APR on the first $850 of a loan, stepping down to 24% APR on the portion from $850 to $10,000. A recent change raised the covered-loan ceiling from $25,000 to $50,000 and added anti-evasion 'true lender' language.
| Loan range | Rate | Statute |
|---|---|---|
| First $850 | 36% APR (3% per month) | Alaska Small Loans Act, AS 06.20.230 |
| $850 to $10,000 | 24% APR (2% per month) | Alaska Small Loans Act, AS 06.20.230 |
| Above $10,000 | Not clearly documented; confirm with lender | Not specified in dataset |
Lender complaints: Alaska Division of Banking and Securities
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
KeyBank
- Credit profile
- Not specified
- APR range
- 8.99% – 22.99%
- Loan amount
- $2,000 – $100,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
Rise
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
Alaska's usury law caps most personal loan rates at 24% to 36% depending on loan size, so a debt consolidation loan priced above a typical credit card's APR (often 20% or more) may not actually save much; shop for a rate meaningfully lower than what's being consolidated.
04 / Banking and credit unions
Banking in Alaska
National banks offer scale and convenience, while regional and Alaska-based banks compete on relationship banking and faster local decisions.
Banks listed
- Wells FargoNational bank.
- KeyBankRegional bank headquartered in Cleveland, OH, with a long-standing Alaska presence.
- First National Bank AlaskaAlaska's largest Alaska-based, Alaska-owned bank, headquartered in Anchorage.
- Northrim BankHeadquartered in Anchorage, AK.
- ChaseNational bank.
- Denali State BankCommunity bank headquartered in Fairbanks, AK.
Credit unions
Alaska's credit unions are member-owned, not-for-profit institutions offering lower rates and fees than banks, defined almost entirely by military roots and statewide consolidation.
Alaska credit unions posted median membership growth of about 2.0% year over year (Q4 2025 NCUA data), one of the strongest rates in the country versus a national median of about -0.5%.
Global Credit Union, formerly Alaska USA, began in 1948 as the Alaskan Air Depot Federal Credit Union serving military and federal personnel, later broadening to cover Trans-Alaska Pipeline workers and gaining congressional authorization to serve Alaska Native Regional Corporations members. Credit Union 1, the state's only state-chartered credit union, allows anyone who lives or works in Alaska to join. Global Credit Union now operates across Alaska, Washington, Idaho, California, and Arizona, plus military installations in Italy.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal; Alaska does not presently require a license to operate as a debt settlement company based on available secondary sourcing. The main consumer protection is the federal Telemarketing Sales Rule's ban on advance fees before at least one debt is settled.
Companies listed in the dataset
06 / Insurance
Alaska insurance
Regulator
Alaska Division of Insurance
Insurance regulator websiteAuto insurance
50/100/25
Alaska requires liability insurance with minimum limits of $50,000 per person and $100,000 per accident for bodily injury liability, plus $25,000 for property damage liability, a notably higher bodily injury minimum than most states.
Homeowners and renters
$1,067/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $184/yr
Alaska carries real exposure to earthquakes (the 1964 Good Friday earthquake, magnitude 9.2, remains the second-largest ever recorded) and to wildfires, which have become a bigger concern in the interior in recent years. Standard policies typically exclude earthquake damage.
07 / Questions
Alaska FAQs
How do I file a complaint against a lender in Alaska?
Contact the Alaska Division of Banking and Securities, handled through the Alaska Department of Law's consumer protection unit.
How do I file a complaint against my insurance company in Alaska?
File with the Alaska Division of Insurance.
What's the maximum interest rate a lender can legally charge on a personal loan in Alaska?
Tiered by loan size under the Alaska Small Loans Act: 36% APR on the first $850, 24% APR on the portion from $850 to $10,000. A recent law raised the Act's covered-loan ceiling from $25,000 to $50,000.
What credit score do I need for a personal loan in Alaska?
It depends on the lender. Banks and credit unions typically want a FICO score of 700+, online FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor or limited credit at significantly higher APRs.
Are payday loans legal in Alaska, and are there caps on fees or loan amounts?
Yes. 'Deferred deposit advances' are capped at $500, with fees of roughly $15-$17.50 per $100 borrowed and a minimum 14-day term (APR typically 200%-500%). A 2025 bill (SB 39) to cap these at 36% APR passed the legislature but was vetoed by Governor Dunleavy in June 2025.
How long can a debt collector legally pursue an unpaid debt in Alaska before the statute of limitations runs out?
Alaska has one of the shortest and simplest statutes of limitations in the country: 3 years for both written and oral contracts (AS § 09.10.053).
What's the difference between a debt consolidation loan and debt settlement for someone living in Alaska?
A debt consolidation loan pays creditors in full with new borrowed money at a lower rate; credit recovers quickly. Debt settlement negotiates a reduced payoff but damages credit and may create taxable forgiven income. Alaska doesn't have a dedicated state statute governing debt settlement, so federal rules are the main protection in place.
