In Alaska, payday loans are often referred to as deferred deposit advanced lenders. The maximum allowed loan amount is $500, and unlike many states there is a minimum term of 14 days. The maximum amount charged for a loan is 15% plus an administrative fee of $5, which is typically what is charged by most lenders.
For a 2 week loan of $100 this works out to be a total amount payable of $120, which is the same as 520% APR. If a payment is missed, an NSF fee of up to $30 can be charged.