Fig. Loans Check personal loans
Fig Loans is an online lender that offers small personal loans to borrowers with fair to bad credit ratings. There are also credit builder loans designed to help borrowers build credit if payments are made on time.
Make sure you research all of your options. Even with less than perfect credit, you can still qualify for a traditional personal loan.
If you decide that a expensive installment loan Your best bet is then focus on making your payments on time and paying off the loan.
Borrowers can use Fig loans for unexpected expenses like car repairs or medical bills and pay them back over four to six months. Most borrowers receive their money the next business day after applying, with the rest receiving it within three business days.
With figs construction loanpay into a savings account over 12 months and receive repayment at the end of the loan term. Your credit report will reflect a year of on-time payments.
Before you apply for a loan, make sure that Fig provides loans in your state—Florida, Illinois, Missouri, New Mexico, Ohio, Texas, and Utah—and that the loan amounts are sufficient for your needs. Loans range from $200 to $300 for first-time borrowers and from $300 to $750 for repeat borrowers, with repayment periods of four to six months.
You apply for a loan online by selecting your state and the desired loan amount. Be prepared to provide personal information such as your social security number, address, and bank account information. Fig Loans will provide disclosures to explain terms, interest rates and repayment expectations.
The lender usually reviews your application the same day and, once approved, can fund the loan within one business day.
Common uses for Fig’s short-term installment loans include:
- car repairs.
- emergency budget costs.
- medical bills.
Borrowers may not use loans to:
- Fund illegal activities.
- Buy drugs or illegal substances.
Fig loans are not designed for this consolidate debt or to fund larger expenses, such as B. Home renovations or weddings.
Personal Loan Finder
Select your desired loan amount and purpose, credit rating range, and state to view estimated APR and loan terms.
Loan fees, terms and conditions depend on your state, loan amount, and repayment period. For example, Fig Loans charges borrowers in Missouri an APR of 229% on a $300 loan repaid over four months, which equates to $155.52 in interest and a total repayment amount of nearly $456.
Fig Loans does not charge late or early fees repayment penalties. You’ll see your payment schedule—either weekly or monthly, depending on your state—before you sign the loan documents. You can change your payment date for free.
The lender charges a 3% processing fee for debit card payments.
You may qualify for a fig loan if you live in a state where the lender operates and you need emergency funds. Fig Loans accepts borrowers with bad credit who might otherwise use a payday lender.
Loan amounts range from $200 to $300 for first-time borrowers and up to $750 for repeat borrowers who have demonstrated ability to repay loans. The average term is four months.
Fig Loans does not screen yours FICO credit score when you apply, however, checks transaction history and income on a bank statement. The lender also runs an identity fraud check, which does not harm your credit score.
Fig Loans operates in Florida, Illinois, Missouri, New Mexico, Ohio, Texas and Utah.
Fig Loans is not rated by the Better Business Bureau. Trustpilot rates Fig Loans 4.9 stars out of 5, with 95% of more than 1,000 reviews rating the lender excellent. In 2020, the Consumer Financial Protection Bureau received three complaints relating to Fig personal loans. It responded to all cases in a timely manner. Two cases were closed with explanations and one with financial discharge.
Borrowers can reach customer service 24 hours a day from Monday to Friday at [email protected] or SMS 832-803-0990. Fig Loans aims to respond to all customer inquiries within one business day.
Fig loan is a online lenders, so every part of the loan application and payment process is handled through the lender’s website. The lender does not require personal contact at any point unless you require assistance. In this case, you can send an email or SMS 24 hours a day, Monday to Friday. Fig Loans also has an app to manage your loan, available on Apple’s App Store or Google Play.