Fig Loans
in Personal Loans from Fig Tech, Inc.
Would you recommend Fig Loans to your friends?
| Community Rating | Strongly recommended |
| Loan Amount | $300 - $500 |
| APR (Fixed APR) | 36% - 190% |
| Loan Term | 4 - 12 months |
| Number of Reviews | 20 |
Fig Loans Review
Fig Loans is a personal loan offering by Fig Tech, Inc., a direct lender based in SugarLand, TX. Founded in 2015, Fig Tech, Inc. offers access to personal loans 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.
| 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.
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | Starting at $10 |
What do you need to qualify for a loan with Fig Loans?
Applicants with a credit score of at least 300 can apply for a loan via Fig Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan 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 the loan requested.
Active duty servicemembers and their covered dependents cannot apply for a loan via Fig Loans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.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
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Joint Applications Accepted? | Yes |
| 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 loan payments to credit bureaus?
Fig Loans may report credit data to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Contact
- Headquarters
-
2245 Texas Drive, Suite 300
SugarLand, TX 77479 - Visit Site
Message from Fig Tech, Inc.
About Fig Loans
Availability
- Illinois
- Missouri
- Ohio
- Texas
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| Late Fee Amount | Starting at $10 |
Fig Loans Community Reviews
Would you recommend Fig Loans to your friends?
