Car Title Loans in Alaska2026 Guide
Title loans are not permitted in Alaska due to strict small loan interest rate caps.
Legal Status & Regulations
Governing Law
Alaska Stat. § 06.60.010
Last Reviewed: April 2026
Law Summary
Alaska effectively prohibits high-interest title lending through the Alaska Small Loans Act (Alaska Stat. § 06.60.010). The law imposes a strict interest rate cap on consumer loans, which makes the typical high-APR title loan model unfeasible for lenders. Any loan secured by a vehicle title must comply with these low-rate caps, protecting residents from predatory debt cycles.
Real Rate Example in Alaska
A $1,500 loan in Alaska at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
AK Dept. of Commerce