Fig Loans
Fig Loans
in Personal Loans from Fig Tech, Inc.

Fig Loans

in Personal Loans from Fig Tech, Inc.
SuperMoney Net Recommendation Score +69  


This product is strongly recommended by SuperMoney users with a score of +69, equating to 4.4 on a 5 point rating scale.


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

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Community Rating Strongly recommended
APR  (Fixed APR) 176% - 229%
Loan Amount $200 - $500
Loan Term (Months) 3 - 6 months
Number of Reviews 35

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 across the USA.

Key Takeaways

  • APRs starting at 176%. Personal loan interest rates typically range between 5% 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 $500.
  • No origination fee. Fig Loans does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but 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 3 months.
  • Minimum income of $16,800. You will need an annual income of at least $16,800 to apply for Fig Loans, which is below average for the lenders in our database

Fig Loans Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • APRs as high as 229%.
  • Short loan terms (maximum of 6 months).
  • Small loan amounts (maximum of $500).
  • Do not offer pre-approval with soft credit pull.

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 176% APR up to 229% APR.

How much can you borrow via Fig Loans?

Personal loan amounts start at $200 and go up to $500.

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 $200 - $500
Loan Term 3 - 6 months
APR 176% - 229%

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, 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 if you miss one of the monthly 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 No
Prepayment Fee No
Late Payment Fee $0

What do you need to qualify 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.

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 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 loans within 4 business days of approval.

    Does Fig Loans report your account activity to credit bureaus?

    Yes, 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 may help improve your credit.

    Are Fig Loans legit?

    Fig Loans was founded in 2015. It is an established company that has been in business for 8 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: 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.


    About Fig Loans


      Available in 6 states
    • Florida
    • Illinois
    • Missouri
    • Ohio
    • Texas
    • Utah

    Feature Breakdown

    Late Fee Amount $0
    No Late Fees
    No Origination Fee
    No Prepayment Fee
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $16,800
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Proof of Income
    Credit Score Range 300 - 650
    Approval Speed 2 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 3 - 4 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    APR Type Fixed APR
    Loan Amount $200 - $500
    APR (Fixed APR) 176% - 229%
    Loan Term 3 - 6 months

    Fig Loans Community Reviews


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    This product is strongly recommended by SuperMoney users with a score of +69, equating to 4.4 on a 5 point rating scale.


    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.

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