Wrangell city and at a glance
- Population: 2,064 (US Census Bureau, Vintage 2023 subcounty estimate), the 23rd-largest of 149 places in Alaska.
- 2020 Census base: 2,125 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.9% below the 2020 Census base (US Census Bureau).
- Rank among Alaska places: 23rd of 149 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 85% of places in Alaska rank below it by population (US Census Bureau).
- Coordinates: 56.1808 / -132.0268, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Ketchikan, AK (59 mi) (US Census Bureau).
- Smaller towns nearby: Coffman Cove, AK (34 mi); Thorne Bay, AK (41 mi); Whale Pass, AK (41 mi) (US Census Bureau).
What a personal loan costs in Wrangell city and
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Alaska lending rules that apply in Wrangell city and
The table lists the Alaska rules that apply to a loan made in Wrangell city and, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Wrangell city and
Before you commit to a personal loan in Wrangell city and, work through these steps:
- 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.