Learn how state laws work and find out where you can borrow.
Payday loans can be expensive, but that doesn’t mean they aren’t a necessity if you’re facing a big financial setback. You’ll want to know the laws payday lenders have to follow and how much you can borrow before you settle on a lender.
Our top pick: LendYou Short-term Loans
- Simple application
- Quick decision
- Bad credit OK
Our top pick: LendYou Short-term Loans
- Min. Loan Amount: $100
- Max. Loan Amount: $15,000
- Turnaround Time: 1 business day
- Loan Term: Varies
- Requirements: $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Can I get a payday loan in Juneau, Alaska?
Yes, payday loans are permitted in Juneau under Alaska statute 06.50.010 et seq., which requires all lenders to have a license for every physical location and website where loans are advanced.
You can borrow up to $500, and you’ll have a minimum of 14 days to repay your loan. However, longer terms may be available depending on your lender and pay period. Lenders may charge both a $5 origination fee and a financing fee of $15 per $100 or 15% of the amount advanced, whichever is less.
If you’re unable to repay your loan, lenders are required to offer you a payment plan. It can last up to six month, and you must pay at least 5% of your outstanding balance when you agree to the payment plan.
Compare online lenders for payday loans in Juneau
What do I need to apply?
If you don’t live or work near a payday store in Juneau, you can submit an online application. To begin, simply click on the Go to Site button next to any of the lenders in the comparison table above. You’ll need to submit some basic personal information, including:
- Your name and contact details
- Your date of birth and Social Security number
- Details from a valid form of ID, such as your driver’s license or passport
- Employment details, including your monthly income and pay schedule
Whether you apply online or in-store, you’ll need to be at least 18 years old, have a regular source of income and be a US citizen or permanent resident.
Where to find short-term loan locations in Juneau, Alaska
Short-term loan locations near me in Juneau, AK
- Advance Til Payday. 9328 Glacier Hwy # 50, Juneau, AK 99801
Be cautious of high costs
Although Alaska regulates how much a lender can charge, a $500 loan will still cost you $580. And if you’re stuck with the minimum loan term, you’ll only have 14 days to repay what you borrow. This can be difficult for many people, so it pays to consider your other options before taking out a loan.
If your lender doesn’t agree to a longer loan term, look into an installment loan instead. These are still an expensive form of credit, but you may have multiple months to repay your loan.
Bottom line
Although there aren’t many payday loan stores in Juneau itself, you still have options if you’re okay with borrowing online. The industry is regulated by Alaska state law, so before you agree to a loan, be sure your lender is obeying the regulations.
And of course, you may want to read up on payday loans so you can stay informed when you borrow.
