Fig Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
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Four questions checked against Fig's published criteria, per product. No application started.
Fig reads 90 days of banking, and two of its rules are about Fig itself: no existing Fig loan, and no decline within the last 30 days.
An existing Fig loan blocks a new one, and a declined application starts a 30 day clock before the next try. The book is managed one relationship at a time.
Three months of transaction history is required, and the account balance has to be positive. An account that spends time below zero works against the file even when the income is steady.
3 reviews from borrowers who used Fig. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
The process at Fig was quick and easy as we applied and received our funds within a couple of days. I would certainly recommend this company to anyone.
I was looking for a loan to consolidate other debt, and the team at Fig was able to help me with a fast and easy process. Thanks Fig!
Fig was easy to deal with and got me the personal loan I needed with no hassle at all. Great customer service.
Fig is an online lending platform that offers personal loans to Canadians. They’re focused on providing flexible, easy-to-understand loan options—with no fees or hidden costs.
Fig offers personal loans that can be used for things like debt consolidation, emergency expenses, home improvement, or improving your cash flow. Loans come with fixed interest rates, flexible repayment options, and no penalties for paying early.
Interest rates with Fig start at 8.99% and vary based on your credit profile. You can check your personalized rate in just a few seconds without affecting your credit score.
No. Fig doesn’t charge account opening fees, annual fees, or early repayment penalties. The loan you sign up for is the loan you get.
Not at all. Checking your rate involves a soft credit check, which doesn’t impact your score. A hard check only happens if you choose to move forward with your application and give permission.
Yes! You can pay off your Fig loan anytime, in full or in part, with zero penalties. Paying early won’t cost you extra.
Most approved Fig loans are funded within a few business days. The entire application process can be completed online in under 10 minutes.
Fig combines the backing of a trusted Canadian bank with the simplicity of a fully online experience. Their platform is straightforward, their communication is clear, and there are no unexpected fees or pressure.
Yes. As a subsidiary of Fairstone Bank, Fig follows strict standards for data privacy and security. Your personal information stays protected with bank-level encryption and security practices.
Definitely. Fig loans are often used to consolidate high-interest credit card debt into a single, lower-interest payment. It can help you save on interest, reduce stress, and simplify your finances.
