Personal loans in Thorne Bay, AK

With roughly 470 residents, Thorne Bay is a small community, and the lending rules its borrowers live under are written in Alaska, not by the city. With 470 residents, Thorne Bay outranks about 57% of the communities in Alaska.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

The next larger city is Klawock, AK about 23 miles away. From the 2020 Census base to the 2023 estimate, the population declined by about 1.5%. When Alaska caps or restricts a product, lenders either change the terms or withdraw it from Thorne Bay as from the rest of the state. Begin with the payment, then weigh APR and total interest across the lenders that reach Thorne Bay's 470 residents.

What the Census records for Thorne Bay

Set out below is Thorne Bay's local context next to the state-level rules that reach every lender here.

Inside a Thorne Bay personal loan

In Thorne Bay, a small community of about 470, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. A lender serving Thorne Bay's 470 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Thorne Bay loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Borrowing reach in Thorne Bay

Thorne Bay is a sparsely settled community of about 470 people, with 4 larger places inside a 50-mile radius. Distance to a branch rarely matters for Thorne Bay's 470 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Klawock, AK about 23 miles away.

Where Thorne Bay sits

The Census Gazetteer records 26.7 square miles of land and 3.04 square miles of water within Thorne Bay. Spread across it are roughly 18 residents per square mile. The largest place in Alaska, Anchorage, lies about 712 miles away. Counting outward 50 miles, 4 larger communities surround Thorne Bay. Within the same 50 miles lie 6 smaller Census places.

Thorne Bay in state context

Thorne Bay is the 64th-largest of 149 Census places in Alaska and contains about 0.1% of the state's people. On the 2020-to-2023 trend, Thorne Bay stands 32nd among Alaska's 149 places — roughly the 79th percentile. At about 18 people per square mile, Thorne Bay is the 105th most densely settled place in Alaska. By land area, its 26.7 square miles rank 34th of 149 places in Alaska.

What Alaska law requires in Thorne Bay

These are Alaska's sourced lending facts as they reach Thorne Bay's 470 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorAlaska 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
Small-loan / installment lender licensingLicense 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
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

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Thorne Bay if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Thorne Bay is the same as anywhere in Alaska.
What loan size can I expect in Thorne Bay?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Thorne Bay?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Thorne Bay cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Related