Alaska Payday Loan Cash Advance Fees, Rates & Interest
Spotya! Loan Fee Calculator
Use the fields below to calculate the fees and rates for your payday loan.
Spotya! is happy to provide payday loans to Alaska state residents. We also take our compliance with all federal and state laws governing the payday loan industry seriously. Your Spotya payday loan agreement will be governed by the laws applicable in Alaska. In accordance with the Federal Truth In Lending Act, please review this page for our full disclosure of loans fees and the corresponding Annual Percentage Rate (APR).
Maximum Loan Amount
Spotya Payday Loan Fee
- $20.00 per $100.00 (Please see APR above)
- Spotya! does NOT charge you the additional $5.00 origination fee allowed by law.
Our Loan Terms
Your Spotya! payday loan will be scheduled for repayment on your pay date within the next 15 to 30 days. We do not exceed 20 days loan periods unless you are only paid once per month. We require verifiable payroll direct deposit to your checking account for approval.
Extensions or “Roll Overs”
In accordance with Alaska state law and Spotya! company policy, you will have the option to extend your loan a maximum of 2 times before your total loan balance must be paid in full. A loan extension requires that you pay the original loan fee and contract with us for a new loan term whereupon an additional fee will apply.
Alaska Disclosure and Additional Information
Spotya customers in Illinois should be advised that this loan is governed by the Alaska Division of Banking and Securities. This is a short term loan and should only be used for urgent, short term financial needs. Your Spotya! payday loan may cost more than other types of loans offered by various financial institutions and is not meant for your long term financial needs. Should you default on this loan, you cannot be prosecuted in criminal court for the purposes of collecting on the debt.
As an Alaskan customer, if your loan becomes delinquent you can enter into a payment plan whereupon 5% of your balance will be due upon agreement. Please note that the payment plan cannot exceed 6 months for repayment of your balance.
Governing Law Information
Alaska Division of Banking and Securities
P.O. Box 110807, Juneau, AK 99811
Ph: (888) 925-2521