Scammon Bay at a glance
- Population: roughly 578 people; 53rd of 149 places in Alaska (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 603 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: roughly 4.1% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Alaska places: 53rd largest of 149 (US Census Bureau).
- Size percentile: about 64% of Alaska's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 61.8419, -165.5833 in the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Chevak, AK (22 mi); Hooper Bay, AK (29 mi); Mountain Village, AK (64 mi); Alakanuk, AK (67 mi); Emmonak, AK (73 mi) (US Census Bureau).
- Nearest smaller communities: Nunam Iqua, AK (51 mi); St. Mary's, AK (78 mi); Nightmute, AK (99 mi), each a US Census place.
What a personal loan costs in Scammon Bay
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
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.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Alaska lending rules that apply in Scammon Bay
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Scammon Bay
Run through this list before signing anything in Scammon 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.