Alaska Payday Loan and Cash Advance (AK)

As similar to many states, Alaska State has legislation to protect payday loan lenders. Under the legislation, there is not limit on the maximum number of loans a customer can borrow at one time. The payday loan lenders are not allowed to take legal action on late loan collection provided that the borrower’s check bounced due to bank account closed. Also under the legislation, it is allowed for payday loan lenders to charge 3 digits interests on borrowers in their bank account checks. Details of the Alaska payday loan requirements are summarised as follows:

• Maximum Payday Loan Amount: Borrowers are qualified to apply up to a maximum of $500 in any payday cash advance loans.
• Terms of Payday Loan: The term of loan given to all borrowers is minimum 2 weeks.
• Payday Loan Extensions: According to Alaska State legislation, it allows up to two renewals or rollovers.
• Payday Loan Fees and Charges: In Alaska, the payday loan store won’t charge a start up fee of more than $5.00. The maximum payday loan fee for a $100 loan is limited to either $15 or 15% of the total loan amount, whichever is lower. Typically for a customer to borrow a payday loan amount of $100 for 14 days term period, will be charged a fee of $20.
• Payday Loan APR Rate and Fee Schedules: The typical annual percentage rate (APR) for a 2 weeks payday loan of $100 is 520%.

To apply for an Alaska payday loan, why not check out our recommended list of online payday loan lenders below. They covers all 50 states including Alaska (AK).

Recommended Online Payday Loan Companies

	Speedy Cash Getting an online payday loan with Speedy Cash is simple and secure. You can borrow loan amount range from $100 up to $1500. No credit check, no fax, instant approval and receive the funds directly in your bank account in less than 24 hours.
	CashNetUSA CashNetUSA offers superb support with 24/7 customer service. Apply a payday cash advance loan at CashNetUSA is quick and easy with their 5 minutes online payday loan application. No credit check and no fax document is required. Customers get approval instantly and cash deposited into their bank account in the next business day.
	Cash Central Cash Central is one of the longest serving payday loan lender in the America, with over 20 years of payday lending experiences. They offers superb personal friendly service with secure and reliable online process. Apply for an online payday loan with Cash Central is made easy with their simple 3-step online application. Quick loan approval and receive the loan within 24 hours.