Port Lions at a glance
- Population: about 165 residents, ranking 113th of 149 Census places in Alaska (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 172 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a loss of about 4.1% since the 2020 count (US Census Bureau).
- Rank among Alaska places: 113th by size among 149 communities (US Census Bureau).
- Size percentile: roughly 24% of places in Alaska rank below it by population (US Census Bureau).
- Coordinates: mapped at 57.8670, -152.8562 by the US Census Bureau Gazetteer.
- Nearest larger cities: Kodiak, AK (17 mi); Old Harbor, AK (48 mi); Seldovia, AK (116 mi); US Census Bureau population estimates.
- Smaller towns nearby: Ouzinkie, AK (15 mi); Larsen Bay, AK (48 mi); Akhiok, AK (81 mi) (US Census Bureau).
What a personal loan costs in Port Lions
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Alaska lending rules that apply in Port Lions
The table carries the Alaska rate and licensing rules that apply to consumer loans made in Port Lions.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Port Lions
Before you share your details with a lender in Port Lions:
- 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.