Is Fig Loans the right fit for you?
Last Updated: 06/05/2025
SuperMoney User Recommendation Score +69
Strongly recommended35 total votes
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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 |
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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.
| 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.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | $0 |
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
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| 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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +69, or 4.4 on a 5-point rating scale.
+69
-1000+100
No one recommends
Everyone recommends
Fig Loans Community Reviews
Would you recommend Fig Loans to your friends?
MV
Manuel V.
Oct 5, 2021
May or may not recommend
I got an email saying I'd been approved for $150, then they lowered it to $50, they gave no reason for this, had me go thru the entire process on their buggy website, I couldn't upload docs, it was frustrating-for a $50 loan, no less-but I figured I'd work on my credit, and getting larger approvals, then AFTER I had signed loan docs they came back and said the loan ...Show More
RA
Ruben A.
Aug 12, 2021
May or may not recommend
By far one of the best places to obtain a personal loan when in a jam, I would 100% recommend them to family and friends
PF
Penny F.
Jul 8, 2021
May or may not recommend
I was approved for a $300 loan on 7/1/21 and was sent all documentation thru email and was told I wd have to wait until 7/6 for loan to be deposited. 7/6 came and went and no deposit.
I tried to call but their phone number is fake and has ans. machine that tells you to email them and they responded by asking me to screenshot my checking acct. number ...Show More
DR
Daniel R.
Jul 3, 2021
May or may not recommend
Fig loans have always come through for me when I need funds
MD
Marty D.
May 26, 2021
May or may not recommend
Fig is a great resource for money and credit building
LW
Linda W.
Apr 6, 2021
May or may not recommend
The pay back is really good on rates and fig will work with you on rescheduling if your pay day does not line up with your due date so you can still make your payment in good standing.thanks FIG
U
Anonymous
Aug 30, 2020
May or may not recommend
I was approved quickly and my credit score isn’t good. Payment plans are very reasonable. They notify you 3-4 days in advance when it’s time to make your payment and offer a different payment date if necessary. compared to pay day loans, Fig Loans interest rates are awesome! I would definitely recommend Fig Loans above any other Installment plan company. Pay day Loans? They are ridiculous!
SJ
Stephanie J.
Jul 23, 2020
May or may not recommend
I initially started using Fig for credit building. My payment history is exceptional. Then COVID-19 pandemic hit. Grocery prices went up and with my husband already having underlying health issues, he requires two major surgeries so those expenses went up. I applied for another loan after successfully paying off two prior with never being late. We had a large medical expense and Fig offered to reschedule the payment. Then, when ...Show More
HG
Hermel G.
Jun 19, 2020
May or may not recommend
They make me scam until now I don't receive a update about my refund of my payment.This Hermel Germino the person that they want to pay me again the bank fee of Php 1105.00. Why should I have to pay it again.
LL
Laura L.
Jan 21, 2020
May or may not recommend
I'm on my 3rd loan with Fig, and they are awesome. My credit isn't totally garbage, but using their loan service and paying it back timely has definitely helped my credit rating... it's close to 600, finally! Their customer service staff is really friendly and if you need to push back a payment for any reason, they usually do it without hassle. I've never had an issue! Granted, it's a ...Show More
Derick W.
Dec 28, 2019
May or may not recommend
Yes I would recommend them both to family and friends
CM
Crystal M.
Dec 9, 2019
May or may not recommend
I enjoyed using fig loans! The payments are not high at all easy to pay off , and helps build your credit! I’m a single mom of 2 and it certainly helped me
Triece G.
Oct 18, 2019
May or may not recommend
I love Fig Loans. This is my second timer borrowing from them. My credit score increased tremendously repaying on time. Definitely my go to loan company. Thanks you guys for being so awesome!!!
Thomas T.
Oct 9, 2019
May or may not recommend
Thank you, Fig Loans for taking a chance on me.I have been searching for awhile for a company that would help me get my credit score up. Your loan process was so simple and fast.
Mallory F.
Sep 24, 2019
May or may not recommend
Easy and straightforward process and terms. Flexible and great customer service. They allow you to change your payment dates if you need to and re-financing is easy as well.
Brady M.
Aug 14, 2019
May or may not recommend
Fig loans is really helpful in really tight situations and they get you money really fast
Daisy W.
Aug 12, 2019
May or may not recommend
My experience has been excellent! The time to fund the loan from my date of application was reasonable. The customer service has been awesome!!
LL
Laquida L.
Jun 20, 2019
May or may not recommend
I would absolutely refer you and I have to a friend that was also approved. I love the fact of how you work with people if the get into a tight spot and can’t make their payment. My son had three surgeries that threw my finances off and caused me to get behind. However, you guys were understanding and worked with me. I love you guys!!!!
SW
Shaquita W.
Jun 14, 2019
May or may not recommend
Fig Loans seemed like a good company at first! I was originally denied due to my bank account not showing an insufficient amounts of direct deposit pay statements; however, I was able to email my paystubs to prove I do earn that certain amount. My job payroll system sometimes malfunction, and I have to get a manual check. Fig loans was understanding and reconsidered their decision. Less than 1 hour ...Show More
Lynn L.
Apr 27, 2019
May or may not recommend
Best loans I've had easy process and understanding when it comes to pushing out payments when needed!! Love fig loans!!
Showing 20 of 35 reviews
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