Fig Loans

in Personal Loans from Fig Tech, Inc.

Claimed Visit Site Get Personalized Rates

Fig Loans


in Personal Loans from Fig Tech, Inc.

SuperMoney Net Recommendation Score +83% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

22 users recommend
0 users are unsure
2 users don't recommend
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Community Rating Strongly recommended
Loan Amount $300 - $500
APR  (Fixed APR) 36% - 190%
Loan Term 4 - 12 months
Number of Reviews 24

Fig Loans Review

Fig Loans is offered by Fig Tech, Inc., a direct lender founded in 2015 and based in SugarLand, TX. Fig Loans is offered in 4 states across the USA.

What rates and terms does Fig Loans offer?

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

What personal loan APRs does Fig Loans offer?

Fig Loans offers a fixed APR personal loan product that ranges from 36% APR up to 190% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Fig Loans?

Loan amounts start at $300 and go up to $500.

What can a personal loan from Fig Loans be used for?

Personal loans from Fig Loans are typically used for special purchases, unexpected expenses or similar purposes.

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

Fig Loans offers personal loans with terms ranging from 4 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Fig Loans Rates & Terms
Loan Amount $300 - $500
Loan Term 4 - 12 months
APR 36% - 190%

What fees does Fig Loans charge?

Does Fig Loans charge an origination fee?

Fig Loans does not charge a loan origination fee.

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

Does Fig Loans charge a late fee?

Yes, Fig Loans may charge borrowers a late payment fee of up to $10

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 loan off early.

Fig Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee Starting at $10

What do you need to qualify for Fig Loans?

Applicants with a credit score of at least 300 and up to 650 are eligible for Fig Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Fig Loans, applicants need a minimum annual income of $16,800 or higher. Fig Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Fig Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Applicants must have an active and valid checking account
  • Proof of income
Fig Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 300 - 650

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

    Fig Loans will typically approve (or deny) a loan application within 2 hours and fund personal loans within 4 business days of approval.

    Does Fig Loans report your account activity to credit bureaus?

    Fig Loans reports your account activity to the following credit reporting agencies:

    • 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 can help improve your credit score.

    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: 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...


    • Headquarters
    •   2245 Texas Drive, Suite 300
      SugarLand, TX 77479
    •   Visit Site

    Message from Fig Tech, Inc.

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

    About Fig Loans


    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 4 states
    • Illinois
    • Missouri
    • Ohio
    • Texas

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Late Fee Amount Starting at $10
    Minimum Age 18
    Credit Score Range 300 - 650
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $16,800
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Military Status
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Proof of Income
    Funding Time Range (in days) 3 - 4
    Approval Speed (Hours) 2
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    Customizable Payment Dates  
    Loan Amount $300 - $500
    Loan Term 4 - 12 months
    APR (Fixed APR) 36% - 190%

    Fig Loans Community Reviews


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