Alaska is a state located in the southeastern region of the United States. If you are in need of some cash pretty quickly and you live in Alaska and you need the money to get past the financial burden that you are currently in you can get Alaska Payday Loans. According to Alaska Public Interest Research Group Alaska Payday Loans are not allowed. But if you are procuring loan of less than $500 then it is exempted by the law.

Hence Alaska’s Small Loan Act caps interest rates at 36% annual interest but does not apply to loans of $500 or less. Therefore, companies that lend less than $500 to consumers are exempt from the Alaska Small Loan Law and are not licensed or regulated as small loan companies by the state.