Payday Loans in Anchorage, AK
At 6200 Lake Otis Pkwy #200, 99507
- (360) 215-8606
- 2+ years in business
- Apply in-store 8:00 am - 10:00 pm (Mon-Fri)
- Open on Saturday
- Payday loans, installment loans
- Online application 24/7
1F Cash Advance Store in Anchorage
Facing an unexpected bill may be stressful, but 1F Cash Advance is here to help you handle it hassle-free. We make it easy to get the funds you need quickly, regardless of your credit history. Our Anchorage location welcomes anyone in need of a short-term solution for cash emergencies.
Stop by and experience our friendly service and personalized assistance. Visit our store, conveniently located near the PET Emergency Treatment and Northern Lights ABC School, and enjoy a speedy borrowing experience with no credit check. Our team is here to help you get a fast loan today.
- Monday8 am – 10 pm
- Tuesday8 am – 10 pm
- Wednesday8 am – 10 pm
- Thursday8 am – 10 pm
- Friday8 am – 10 pm
- Saturday9 am – 6 pm
- SundayClosed
Vincent Guertin
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Our Loan Products
Here are the loan options we offer in-store to Anchorage residents:
Payday Loans
Max. amount $500
Anchorage payday loans are short-term borrowing options that allow you to get up to $500 for managing emergencies, such as unexpected bills, minor repairs, medical costs, or everyday expenses. The loan needs to be repaid in up to 30 days.
Installment Loans
Max. amount $5,000
Installment loans are designed for people who are looking for a larger amount and are willing to repay it over a longer period. With us, you can borrow up to $5,000 and repay it on a schedule over 2 to 24 months, making it easier to manage your debt.
How to Apply for a Loan in Anchorage
Our simple loan process allows you to get fast cash in Anchorage:
Visit Our Local Store
Applying is quick, secure, and hassle-free. The process takes just a few minutes in-store.
Get an Instant Decision
Your application will be reviewed automatically with no hard credit check involved. You will get a response almost immediately.
Receive Your Funds
Once approved, your money will be issued in cash right away or transferred via direct deposit, often the same day.*
*Loan approval is not guaranteed. A soft credit check is performed to assess your ability to repay. Approvals before 10:30 am on business days are typically funded the same day. Applications received after this time or on weekends and holidays will be processed the next business day. Cash loans are issued instantly against a post-dated check.
What You Must Bring to Apply
Here’s what you’ll need to provide:
- A valid, government-issued photo ID
- Proof of income (recent pay stubs or bank statements)
- Your employer’s contact information
- Social Security number
- Active bank account details with a routing number
- Proof of Alaska Address
We also ask for basic personal information, including your full name, email address, mobile number, and Individual Taxpayer Identification Number (ITIN).
Please note: You must be at least 18 years old to qualify for a payday loan in Anchorage.
About 1F Cash Advance in Anchorage, Alaska
1F Cash Advance is a trusted loan company that has been providing quick access to emergency cash for Alaska residents since 2019. Our Anchorage store was opened in 2023 to offer payday, installment, and title loan options, as well as check cashing services.
We provide professional assistance to people who prefer a traditional approach to borrowing or have a unique situation that requires customized solutions. Our loans require no collateral or co-signers and can be obtained with any credit. Whether you’re applying online or in person, we’ll walk you through every step and answer your questions clearly and respectfully.
Borrow Money Responsibly
Responsible borrowing means being aware of the loan terms and borrowing only what you can comfortably pay back. Before applying, make sure you request a realistic loan amount and have a clear repayment plan.
Payday loans are designed to be short-term solutions to your emergency expenses. They are not intended to meet your long-term goals and ongoing needs. Using them for a long period can lead to high total costs and a debt cycle. If you need a long-term loan solution, consider alternative options. People with credit issues should seek credit counseling.
FAQ
Are payday loans legal in Alaska?
Payday loans are legal in Anchorage, AK, under Alaska Statute Code 06.50.010 et seq. The law caps payday loan amounts and limits the finance charges lenders can apply. 1F Cash Advance follows all Alaska rules and regulations regarding payday lending.
Can I get a payday loan with bad credit?
Yes, you can qualify for a payday loan despite having bad credit. We focus on your income, payment history, and employment instead of relying solely on your credit scores. Just note that bad credit may affect your interest rate and limit the maximum amount you can get.
How much can I borrow in Anchorage?
Under Alaska law, payday loans are capped at $500 per transaction. However, the particular amount you can get is calculated based on your income and credit. If you’re looking for a larger amount, our installment loan may be a better fit. These loans offer access to up to $5,000, with flexible repayment terms of up to 24 months.
How fast can I get the money?
Loan applications approved by 10:30 am on business days are typically funded the same day. If you apply after 10:30 am on weekends or holidays, you’ll get an answer on the next business day. Instant cash loans are available in-store to borrowers who repay with a post-dated check.
What if I'm unable to repay my loan on time?
Missing the due date may result in late fees, credit damage, or legal action. If you’re unable to repay your loan on time, contact the number specified in your loan agreement immediately. Ask about deferment, restructuring, or hardship programs.
