Fig is a modern Canadian lender offering personal loans with very competitive rates. Borrowers can access up to $35,000 at rates starting from 8.99% APR. Importantly, there are no hidden fees, and loan approval can be obtained quickly, often within minutes. Funding can happen as soon as one business day after approval, which is ideal for those needing fast access to funds.

Step-by-Step Application Process

• Check your rate online in seconds without impacting your credit score.
• Choose your loan amount and term that fits your needs.
• Complete a brief online application for verification.
• Receive your approval decision and finalize your loan offer.
• Get funds deposited to your account as early as the next business day.

Pros of Fig Loans

One of Fig’s major advantages is transparent pricing. No origination, prepayment, or administration fees give peace of mind to borrowers focused on savings.

The process is fully digital, so applicants can apply from home, avoiding the hassle of in-person visits. Funding speed and flexibility are also impressive attributes.

Cons of Fig Loans

The minimum rate is competitive, but some applicants may receive a higher rate based on their creditworthiness. There’s also a maximum of $35,000, which might not meet every borrower’s needs.

While fully online is convenient, those who prefer face-to-face interactions may find the digital-only support limiting, even with Canadian-based help available online and via chat.

Verdict: Is Fig Right for You?

Fig stands out for offering simple, fee-free loans with fast online approval. If you value digital convenience, predictable payments, and competitive rates, Fig is a strong option for personal loans or debt consolidation.