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Last Updated: 06/05/2025

Fig Loans

in Personal Loans from Fig Tech, Inc.

Last Updated: 06/05/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

Strongly recommended35 total votes

29 users recommend

1 users are unsure

5 users don't recommend

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Highlights

Community Rating

Strongly recommended

APR (Fixed APR)

109% - 279%(Verified 06/05/2025)

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Amount Range

$100 - $800

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Loan Term (Months)

1 - 6

Number of Reviews

Fig Loans Review

Fig Loans is offered by Fig Tech, Inc., a direct lender founded in 2015 and based in SugarLand, TX. Fig Loans are available in 6 states.

Key Takeaways

APRs starting at 109%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Fig Loans are on the higher end of the spectrum.
Small-dollar loans. Fig Loans has a maximum loan amount of just $800 .
No origination fee. Fig Loans does not charge a loan origination fee.
No late fees. Fig Loans will not charge additional fees if you miss the due date on a payment.
Short loan terms. Fig Loans have loan terms as short as 1 month.

Fig Loans Pros & Cons

Pros

Cons

No prepayment penalty.
No origination fees.
Considers applicants of all credit types.

APRs as high as 279%.
Short loan terms (maximum of 6 months).
Small loan amounts (maximum of $800).
Does not offer pre-approval with soft credit pull.
No co-sign option available.

Fig Loans FAQ

What interest rates and personal loan terms does Fig Loans offer?

Fig Loans has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Fig Loans offer?

Fig Loans offers a fixed APR personal loan product that ranges from 109% APR up to 279% APR.

How much can you borrow via Fig Loans?

Personal loan amounts start at $100 and go up to $800

What is the maximum loan term you can get with Fig Loans?

Fig Loans offers loans with terms of up to 6 months.

Fig Loans Interest Rates & Loan Terms

Personal Loan Amount

$100 - $800

Loan Term

1 - 6 months

APR

109% - 279%

What fees does Fig Loans charge?

Does Fig Loans charge an origination fee?

Fig Loans does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.

Does Fig Loans charge a late fee?

No, Fig Loans will not charge you a late fee if you miss payments.

Does Fig Loans charge prepayment fees?

No, Fig Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Fig Loans Fees

Origination Fee

Prepayment Fee

Late Payment Fee

What do you need to qualify for Fig Loans?

Applicants with a credit score of at least 400 and up to 660 may be eligible for Fig Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Fig Loans does not have or does not disclose a minimum annual income eligibility requirement.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Fig Loans.

To qualify, applicants may need to provide the following documentation:

Applicants must have an active and valid personal checking account
Proof of income

Fig Loans Eligibility Criteria

Minimum Age

Bank Account Required?

Yes

Credit Score

400 - 660

What is the estimated funding time for a personal loan via Fig Loans?

Fig Loans will typically fund loans within 3 to 4 business days of approval and clearing necessary verifications.

Does Fig Loans report your account activity to credit bureaus?

Yes, Fig Loans reports to the following credit bureaus:

Equifax
Experian
TransUnion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Fig Tech, Inc. perform a hard credit pull?

Yes, Fig Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Are Fig Loans legit?

Fig Tech, Inc. was founded in 2015, it is a well-established company that has been in business for 11 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

Fig Loans Disclosure: Rates and terms vary by state. Applications processed and approved before 3:30 p.m. CST are typically funded the next business day.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from Fig Loans

Fig helps you through financial emergencies and build credit towards a better future.

Contact

Headquarters

2245 Texas Drive, Suite 300

SugarLand, TX 77479

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