Fig Loans Personal Loans Review in 2023


Fig Loans Personal Loans Review in 2023

Fig Loans Personal Loans Review in 2023

An online lender called Fig Loans provides clients with bad credit with small personal loans. Additionally, it offers credit-builder loans, which, when repaid on time, are supposed to assist customers in improving their credit.

When you are ready to submit an application at, you will verify your state and choose your preferred loan amount. Be prepared to provide details about your residence, bank account, and Social Security number.

Fig Loans will make disclosures regarding its electronic signature and privacy policies, among other things. After that, the group will examine your application. You might get a response right away or you might have to wait one or two business days.

The majority of applicants receive their monies the following business day, and the others do so within three working days.

You will pay back the principal of the credit-building loan from Fig Loans after 12 months of payments into a savings account. A year of on-time payments will be reflected on your credit report.

Depending on your state, your loan’s term, amount, schedule, and number of payments will change. For instance, Ohioans have access to $200 to $300 and are required to repay it in four months, whereas Californians have only access $50 to $150 and are required to reimburse it in one month.

Fig Loans does not impose penalties on early repayment or late payments. Before you sign the loan documentation, you will see your payment plan, which is either biweekly or monthly depending on your state. You are not charged a fee to change your payment date.

Debit card payments include a 3% processing fee applied by the lender, so ACH payments are advised.

Fig Loans are designed for emergency cash-strapped customers with weak credit but stable income. The bank account should have at least three months of history, regular deposits, a total monthly income of at least $1,400, and low overdraft fees.

When you apply, Fig Loans does not check your FICO credit score, but instead looks at your bank account statement to look at your transaction history and income. The lender also conducts a fraud and identity check that won’t lower your credit score.

According to the Better Business Bureau, Fig Loans has a F rating. With more than 4,400 reviews, Fig Loans receives an excellent rating of 4.8 out of 5 stars on Trustpilot.

The Consumer Financial Protection Bureau received 10 complaints against Fig Loans in 2021 that had to do with personal loans. All complaints were promptly addressed by the lender, which also resolved one non-monetary complaint and nine complaints with explanations.

Customers can text 832-803-0990 or email customer care at from Monday through Friday. Fig Loans makes an effort to respond to all client questions within one business day. A toll-free number is also provided by the lender: 833-335-0855.

The entire loan application and payment process is managed by the online lender Fig Loans through its website. Unless you need support, the lender doesn’t demand personal contact at any point. In that instance, you can email or text the lender Monday through Friday, and you’ll normally get a response within 24 hours.

Sure, here is a full review of Fig Loans Personal Loans:

Fig Loans is an online lender that offers personal loans to borrowers with good to fair credit. Fig personal loans have APRs ranging from 12.99% to 35.99%, depending on your credit score and loan amount. The minimum loan amount is $3,500, and the maximum loan amount is $20,000. There is an origination fee of 0.99%.

Here are some of the pros and cons of Fig Loans Personal Loans:


  • Competitive interest rates
  • Easy online application process
  • Flexible repayment terms
  • Good customer service


  • Minimum credit score requirement of 640
  • Origination fee of 0.99%
  • Not available to all borrowers

Overall, Fig Loans Personal Loans offer competitive interest rates and flexible repayment terms. However, you will need good credit to qualify, and there is an origination fee.

Here are some tips for getting the best personal loan from Fig:

  • Check your credit score. Your credit score is a major factor in determining your interest rate. The better your credit score, the lower your interest rate will be.
  • Get a quote online. You can get a quote for a Fig personal loan online in just a few minutes.
  • Consider other options. If you don’t qualify for a Fig personal loan, there are other lenders that offer personal loans with competitive interest rates.

If you’re looking for a personal loan with competitive interest rates and flexible repayment terms, Fig Personal Loans is a good option to consider. However, it’s important to compare offers from a few different lenders before you decide which loan is right for you.

In addition to the pros and cons listed above, here are some other things to keep in mind about Fig Personal Loans:

  • Fig Personal Loans are available to borrowers in all 50 states.
  • Fig Personal Loans can be used for a variety of purposes, including debt consolidation, home improvement, and medical expenses.
  • Fig Personal Loans have a repayment period of 12 to 72 months.
  • Fig Personal Loans are available online only.

If you’re interested in getting a Fig Personal Loan, you can apply online in just a few minutes. Fig will review your application and provide you with a decision within 24 hours. If you’re approved, you can receive your funds as soon as the next business day.

Fig Personal Loans can be a helpful tool for borrowers looking to consolidate high-interest debt. However, it’s important to compare offers from a few different lenders before you decide which loan is right for you.

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