# Possible Loan is available in Alaska

Possible Finance offers small-dollar installment loans in Alaska, with a maximum loan amount of up to $500. Applying takes minutes with the Possible app and does not require a FICO score check. Connect your bank account and Possible reviews your income and cash flow to approve you for a loan. Funds typically arrive in minutes. Repayment is typically split into installments, unlike traditional lump-sum payday loans.

Source: [CFPB](https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/)

## Find out more about the Possible Loan

### Availability
Possible Loans are available in Alaska

### Loan Amount
Loans range from $50-$500.

### Cost
$15 for every $100 you borrow. [Get an estimate](https://possible.sng.link/Ayhrm/83tz?_dl=possiblefinance%3A%2F%2Fhome&_smtype=3) in the app.

### Repayment Term
Typically repaid in 4 installments over 8 weeks. [See Sample Payment Schedules](/content/samplepaymentschedules/index.html).

### Flexibility
Each installment can be moved up to 29 days out from the originally scheduled due date.

### Credit Impact
No FICO check to apply. Payments are reported to credit bureaus: TransUnion and Experian.

### State Licenses & Disclosures

### Alaska
[Deferred Deposit Advance License (Company) →](https://www.nmlsconsumeraccess.org/)

[Deferred Deposit Advance - Mobile App #1 License →](https://www.nmlsconsumeraccess.org/)

[Deferred Deposit Advance - Website #1 License →](https://www.nmlsconsumeraccess.org/)

### Eligibility & Documents
- 18+ and a resident of Alaska  
- SSN/ITIN (or as permitted by law)  
- Active checking account in your name

# A loan that’s built for your finances

## No FICO check
Your income, cash flow and money habits count towards the results of your application and are part of how we make lending decisions.

## Know when to apply
Link your bank account and we'll let you know the best time to submit your application.

[Find out more](/content/loan/prequalify-alerts/index.html)

## Take the time you need to pay off your loan
You can Pay Over Time in installments, and move payments up to 29 days out from the original due date—there’s no rescheduling fee. This benefit is available to all members, no matter what.

Get real-time alerts
Know instantly when you’re approved, get reminders when payment dates are coming up and more.

### Ready to get started?
Enter your info in the app to see if you qualify.

# Estimate the cost of Possible Loans in Alaska

### Your state
You borrow
$200  
In Alaska it's $15 for every $100 that I borrow.

With Pay Over Time, I can pay $235 back over eight weeks.

- Week 2: $59  
- Week 4: $59  
- Week 6: $59  
- Week 8: $59

The information provided by the Real Cost calculator is for informational purposes only and does not constitute an offer. Loan terms are subject to eligibility. Loan costs are rounded up to estimate these approximate payments. Loan costs vary by state.

## Join over a million customers

### Testimonials

**Gloria**  
*I really appreciate just how easy they make it. I feel a lot freer to not only do what I want, but also take care of my needs.*  
*Member Since 2021*

**Keianna**  
*Unexpected expenses can hit. It can turn into a spiral. That's just a part of being a mom. That's when Possible helps the most.*  
*Member Since 2023*

**Austen**  
*What drew me to Possible was how upfront and easy it was. There was no mystery as to what the interest rates were.*  
*Member Since 2019*

**Gena**  
*Credit is a journey. I'm learning about it to be financially fit. I would describe Possible as a great tool to help in a need.*  
*Member Since 2022*

## Frequently asked questions

### What is a Possible Loan?
A Possible Loan is a small-dollar installment loan designed to provide quick access to cash while helping build credit history. Unlike payday loans, which often require lump-sum repayment (source: CFPB), Possible Loans are repaid in four scheduled installments. Eligibility is based on your banking activity rather than a FICO check. Payments are reported to credit bureaus, and you can reschedule each payment up to 29 days from the originally scheduled date with no rescheduling fee.

### Is Possible Loan available in Alaska?
Yes, Possible Loans are available in Alaska, subject to eligibility and applicable state regulations. Availability can change, so check the Possible app for the most current information.

### How much does a Possible Loan cost in Alaska?
In Alaska, the fee for a Possible Loan is typically $15 per $100 borrowed, subject to applicable laws and any future changes.

### What are some alternatives in Alaska?
Alaska residents may consider small-dollar loans from credit unions—use the NCUA locator: https://mapping.ncua.gov/. Local emergency assistance, housing, food and utility support may be available through 211: https://www.211.org/about-us/your-local-211.

### What are the eligibility requirements?
Eligibility generally includes being at least 18 (or the age of majority in your state) and having a qualifying, active bank account with regular income deposits.

### Will applying for a Possible Loan impact my credit?
Applying for a Possible Loan does not involve a FICO check, and there is no hard inquiry on your FICO score.

### How long does it take to apply and get a decision?
The application is completed in the Possible app and usually takes only a few minutes. Most applicants receive a decision in minutes.

### When will I get the money?
If approved, most customers who choose debit card disbursement receive funds within minutes. Timing may vary by bank.