Goodnews Bay at a glance
- Population: 252, the 94th-largest community in Alaska out of 149 (US Census Bureau, Vintage 2023).
- 2020 Census base: 260 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 3.1% below the 2020 Census base (US Census Bureau).
- Rank among Alaska places: 94th in population of 149 places (US Census Bureau).
- Size percentile: about 37% of Alaska's Census places are smaller (US Census Bureau).
- Coordinates: 59.1277 / -161.5644, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Togiak, AK (42 mi); Quinhagak, AK (45 mi); Eek, AK (77 mi); Manokotak, AK (99 mi); Dillingham, AK (108 mi) (US Census Bureau).
- Nearest smaller towns: Platinum, AK (14 mi); Aleknagik, AK (103 mi); Clark's Point, AK (110 mi) (US Census Bureau).
What a personal loan costs in Goodnews Bay
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Alaska lending rules that apply in Goodnews Bay
Each row below is a Alaska rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 10.5% per annum default; by contract, the greater of 10% or 5 percentage points above the 12th Federal Reserve District advance rate (loans over $25,000 exempt) Source says: "The rate of interest in the state is 10.5 percent a year and no more on money after it is due"; "more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District". | Alaska Legislature — Alaska Statutes § 45.45.010 as of 2026-09-16 |
| Payday lending status | Permitted — licensed deferred deposit advances; max $500 outstanding per borrower; origination fee ≤$5; fee ≤$15 per $100 or 15%; minimum 14-day term Source says: "may not make advances to an advance recipient that exceed $500 outstanding in advances to the recipient at one time"; "a fee that does not exceed $15 for each $100 of an advance, or 15 percent of the total amount of the advance". | Alaska Legislature — Alaska Statutes §§ 06.50.410, 06.50.460 as of 2026-09-16 |
| Small-loan / installment lender licensing | License required from the department to make loans of $25,000 or less at above-legal rates; $25,000 liquid assets and $25,000 bond required Source says: "without first obtaining a license from the department"; "liquid assets of at least $25,000". | Alaska Legislature — Alaska Statutes §§ 06.20.010, 06.20.040 as of 2026-09-16 |
| State lending regulator | Alaska Department of Commerce, Community, and Economic Development (Division of Banking and Securities) Source says: "department means the Department of Commerce, Community, and Economic Development". The Division of Banking and Securities (commerce.alaska.gov/web/dbs) administers the department's lending license programs. | Alaska Legislature — Alaska Statutes § 06.50.900(5) as of 2026-09-16 |
How to compare offers in Goodnews Bay
Before you share your details with a lender in Goodnews Bay:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Alaska using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.