5.99 - 21.49 %
APR
2 - 6 years
Loan Term
Check rates
On partner's site

Best Personal Loans in Alaska

We have found 107 personal loans in Alaska. Compare and choose the best loan for your purpose.

By Myfin Team
Updated March 29, 2024
Showing 107 personal loans
APR
5.99 - 21.49 %
with Autopay
Term
2 - 6years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Low rates
    • No fees
    • Fast approval and funding
    • Rate discount for autopay
    • Digital experience
  • Cons:
    • Minimum loan amount is a bit high
    • Requires a long credit history

LightStream is the online lending division of Truist (formerly SunTrust Bank).

The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason.

LightStream charges no fees on its personal loans. Plus, it offers to send you $100 if you’re unsatisfied with the loan process.

See LightStream full product review
Check rates
On partner's site
APR
6.99 - 24.99 %
with Autopay
Term
3 - 6years
Loan amount
$3,500 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    5 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No fees
    • Autopay discount
  • Cons:
    • Long time to receive funds
    • No Cosigner Option

Marcus offers unsecured personal loans up to $40,000 with rates from 6.99% to 24.99%.

Marcus does not charge origination, late payment and check processing fees.

See Marcus by Goldman Sachs full product review
Check rates
On partner's site
APR
5.6 - 35.99 %
Term
3 - 5years
Loan amount
$1,000 - $50,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    10%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment penalty
    • Next day funding
  • Cons:
    • Origination Fee
    • Extra Fees

Upstart loans range from $1,000 to $50,000. Not all applicants will qualify for the full amount.

The minimum loan amount: $7,000 (MA), $6,000 (Ohio), $5,100 (NM), $3,100 (GA), $2,100 (HI).

Borrowers need credit scores of 580 or higher.

Upstart offers fixed-rate APRs that vary from 5.60% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 0% to 8%.

See Upstart full product review
Check rates
On partner's site
APR
8.99 - 29.99 %
Term
2 - 5years
Loan amount
$5,000 - $40,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    5%
  • Funds available in:
    3-6 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment or late fees
    • Free monthly FICO score updates
  • Cons:
    • Co-signers are not accepted
    • Origination Fee
    • Slow funding
    • Not available in all states

The Payoff Loan™ is an unsecured personal loan designed to consolidate your credit cards into one monthly payment. Payoff requires a minimum FICO credit score of 640 or higher. It provides loans of up to $40,000.

The Payoff platform provides loans with rates between 8.99% and 29.99% APR. Minimum loan amount and APR may vary in certain states.

See Payoff® full product review
Check rates
On partner's site
APR
8.3 - 36 %
Term
3 - 5years
Loan amount
$1,000 - $40,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    3 - 6%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Quick, easy online application
    • Fast funding
  • Cons:
    • Origination fee

LendingClub offers loans of $1,000 to $40,000.

The APR range is from 8.30% to 36.00%. Loan terms are available for 3 or 5 years.

LendingClub charges an origination fee of 3% to 6% on personal loans.

See LendingClub full product review
Check rates
On partner's site
APR
7.99 - 23.43 %
with Autopay
Term
2 - 7years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Rate discount for autopay
    • No Fees
  • Cons:
    • Not available to residents of Mississippi
    • No secured loan option

SoFi loans range between $5,000 to $100,000.

The APR range is from 7.99% to 23.43% (with discounts). Loan terms are available for 2 or 7 years.

The loan is not available in Mississippi.

SoFi personal loans have no fees: no origination fees, no late fees, no prepayment penalties.

See SoFi full product review
Check rates
On partner's site
APR
9.95 - 35.95 %
Term
1 - 5years
Loan amount
$2,000 - $35,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    4.75%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Low minimum credit score requirements
    • No prepayment fees
  • Cons:
    • Fees
    • No Autopay discount
    • No Cosigner Option

Avant offers unsecured loans of $2,000 to $35,000. Rates range from 9.95% to 35.95%.

Avant charges an origination fee up to 4.75%.

Avant personal loans are not available in Colorado, Iowa, West Virginia, New York, Vermont, Hawaii, and Nevada.

See Avant full product review
Check rates
On partner's site
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Origination fee:
    2.41 - 5%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Simple application process
  • Cons:
    • Origination fee
    • Extra Fees
    • No Autopay Discount
    • Not available in all states

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

See Prosper full product review
Check rates
On partner's site
APR
7.99 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $50,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    0.99 - 8.99%
  • Funds available in:
    1-3 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval
    • Low fixed rates
    • Fast funding
  • Cons:
    • Fee charged

Best Egg is a national online lending platform offering personal loans starting at $2,000 for a variety of purposes.

Best Egg’s personal loans are ideal for consolidating debt or funding major expenses. Borrowers cannot use loans toward securities or postsecondary educational expenses.

There are no prepayment penalties, so you can pay off the loan ahead of schedule without extra fees.

Best Egg origination fees vary from 0.99% to 8.99%.

The quote you receive is based on multiple factors, including: Credit score and history, Income, Debt obligations, Loan amount, Repayment term (36 vs. 60 months).

See Best Egg full product review
Check rates
On partner's site
APR
5.4 - 35.99 %
Term
1 - 7years
Loan amount
$600 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    Depends on the lender
  • Funds available in:
    24 hours
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Checking rates will not affect your credit score
    • Personal information is not sold to lenders
    • Available rates and lenders will appear based on preferred settings, with no bias
    • Receive actual rates based on your credit profile, not estimates
  • Cons:
    • Not a direct lender

Credible.com is a financial marketplace that helps thousands of Americans to get personal loans at the best rates they qualify for.

On Credible.com you can apply for a personal loan of up to $100,000. Then it will match your application with offers on the market and help you to find the lowest rate, based on your credit profile.

Credible.com is free to use and doesn't have any hidden fees.

See Credible full product review
Check rates
On Credible.com
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
Search for best loan
Showing 107 personal loans
Amount
$
Credit Score
City, state or Zip
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Loan Purpose
  • Personal Loan
  • Home Improvement Loan
  • Medical (Dental) Loan
  • Debt Consolidation Loan
  • Major Purchase
  • Refinance Credit Card
  • Moving Expenses (Relocation)
  • Travel
  • Other

TOP 2 banks offering personal loans in Alaska

Showing 2 banks
Sort by: Branches
Branches 36 bank branches
Total Assets (US$M)1,712,535,000
Fifth Avenue Mall
Friday: 10:00 AM - 6:00 PM
Fifth Avenue
Friday: 9:00 AM - 5:00 PM
Northern Lights & C Street
Friday: 9:00 AM - 5:00 PM
Show all departments
Branches 14 bank branches
Total Assets (US$M)184,673,175
101 West Benson Boulevard Branch
101 W Benson Blvd, Anchorage, AK, 99503
Keytrust Branch
101 West Benson Boulevard Suite 302, Anchorage, AK, 99510
Southside Anchorage Branch
9041 Old Seward Highway, Anchorage, AK, 99515
Show all departments

How to Choose the Best Personal Loan in Alaska: Tips and Strategies

Personal loans can be a valuable financial tool for bridging gaps in your budget and improving your overall financial health when used wisely. When seeking a personal loan in Alaska, it is essential to find a loan that aligns with your specific financial needs and goals. To assist you in making an informed decision, here are some strategies for comparing and choosing the right personal loan in Alaska:

Consider Annual Percentage Rates (APR)

The APR is a crucial factor to consider when evaluating loan options. Unlike the simple interest rate, the APR provides a more accurate representation of the overall cost of the loan, including any fees involved. By comparing APRs, you can identify which loan will be more cost-effective in the long run. In Alaska, APRs can range from 4.49% to 36%.

Evaluate Loan Amount Options

Determine the approximate amount of money you require and explore lenders that offer loan amounts within that range. In Alaska, you can find personal loans ranging from $100 to $500,000. Additionally, consider lenders that offer flexibility in loan disbursement, allowing you to withdraw funds as needed and pay interest only on the amount utilized. This feature is particularly useful for projects with varying financial requirements over time, such as home renovations or car repairs.

Ensure Manageable Monthly Payments

Assess your budget and ensure that the monthly payment associated with the personal loan is comfortably affordable. It's essential to strike a balance between meeting your regular expenses and servicing your loan, including interest.

Understand Credit Requirements

While most lenders prefer borrowers with good to excellent credit (typically a score of 670 or higher), some lenders may consider individuals with poor to fair credit. It is important to tailor your search based on your credit score to find the best possible loan terms. In Alaska, the lowest acceptable credit score is Poor (300 - 579). Keep in mind that while a higher credit score increases your chances of approval, it does not guarantee a lower interest rate.

Assess Collateral Requirements

While personal loans are often unsecured, meaning they do not require collateral, some lenders may offer secured loans that require collateral. Secured loans typically have lower interest rates, as the lender faces less risk due to the presence of collateral. If you want to avoid higher interest rates, consider whether a secured personal loan is a viable option for you. In Alaska, interest rates can go as high as 36%.

Evaluate Origination Fees

Take into account the origination fees charged by lenders, which are additional charges apart from the interest. Origination fees are typically a percentage of the total loan amount. It is advisable to select a personal loan with low origination fees, as this can save you money in the long run. The average origination fee ranges from 0.5% to 1% of the loan amount, although this can vary among lenders.

Compare and choose the best personal loan in Alaska

LenderAPRLoan AmountLoan termOrigination FeeScore RequiredApply
LightStream
6.49 - 21.99%$5,000 - $100,0002 - 6 yearsNo origination fee.From Fair (580-669) to Fair (580-669)Check rates
On partner's site
Marcus by Goldman Sachs
7.24 - 25.24%$3,500 - $40,0003 - 6 yearsNo origination fee.From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Upstart
5.6 - 35.99%$1,000 - $50,0003 - 5 years10%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Payoff®
8.99 - 29.99%$5,000 - $40,0002 - 5 years5%From Good (670-739) to Excellent (740-799)Check rates
On partner's site
LendingClub
8.3 - 36%$1,000 - $40,0003 - 5 years3 - 6%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
SoFi
8.24 - 23.68%$5,000 - $100,0002 - 7 yearsNo origination fee.From Good (670-739) to Excellent (740-799)Check rates
On partner's site
Avant
9.95 - 35.95%$2,000 - $35,0001 - 5 years4.75%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Prosper
7.95 - 35.99%$2,000 - $40,0003 - 5 years2.41 - 5%From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Best Egg
7.99 - 35.99%$2,000 - $50,0003 - 5 years0.99 - 8.99%From Good (670-739) to Good (670-739)Check rates
On partner's site
Credible
5.4 - 35.99%$600 - $100,0001 - 7 yearsDepends on the lenderFrom Good (670-739) to Excellent (740-799)Check rates
On Credible.com

5 simple tips for increasing your personal loan approval odds in Alaska

  1. Improve Your Credit. Enhance your credit score by making timely debt payments, maintaining a low credit utilization ratio, avoiding excessive credit applications, and disputing any errors on your credit reports.
  2. Increase Your Income. Boost your chances of approval by increasing your income. Consider negotiating a raise at your current job or exploring part-time job opportunities to supplement your earnings. A higher income helps improve your debt-to-income ratio, which lenders consider during the approval process.
  3. Minimize New Debt. Avoid taking on new debt while applying for a personal loan. Lenders view additional debt as a risk, potentially impacting your approval odds. Focus on paying off existing debts and refrain from acquiring new ones.
  4. Request a Realistic Loan Amount. Lenders are cautious about providing large loan amounts due to increased risk. While Alaska offers a maximum loan amount of $500,000, obtaining such a sum can be challenging. To improve your chances of approval, consider requesting a smaller loan amount that aligns with your income and financial capacity. Determine the exact amount you need and request the minimum required.
  5. Seek a Joint Applicant or Co-Signer. Enhance your approval odds by applying with a joint applicant or finding a reliable co-signer. Lenders consider the credit scores and incomes of both applicants or the co-signer, increasing the overall strength of the application.

Conclusion

When considering a personal loan in Alaska, be prepared and follow these strategies to maximize your chances of approval. By comparing loan terms, understanding your credit requirements, assessing collateral options, evaluating origination fees, and implementing the provided tips, you can make an informed decision that suits your financial situation. Taking proactive steps today will increase your odds of securing a personal loan and meeting your financial goals.

FAQ

What is the highest interest rate on a personal loan in Alaska?

The highest interest rate on personal loan in Alaska is 36%.

What is the biggest loan amount in Alaska?

The biggest personal loan amount in Alaska is $500,000.

What credit score do I need to have to get a personal loan in Alaska?

To get approved for a personal loan in Alaska you need to have at least a Poor (300-579) credit score.
Myfin TeamMyfin Team

Author, editor

content@myfin.us

Loans in other cities in Alaska