Installment Loan

In this comprehensive review, we explore Fig Loans installment loan designed to meet diverse financial needs. Discover how Fig Loans stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
50 - 800 $
Loan Amount
1 - 6 months
Repayment Term
190 %

Product Details

General Info
 Loan Amount Loan Amount
50 - 800 $
Repayment Term Repayment Term
1 - 6 months
Required documents Required documents
Do I fit in?
Age Age
from 18 years
Credit Score Credit Score
Income required Income required
190 %

How to Apply for a Fig Loans Loan?

  1. Visit website. Navigate to Fig Loans' official website. Upon entering the site, you'll be prompted to select your state from a list of options where Fig Loans operates.

  2. Review Loan Options. Once you've selected your state, review the loan options available to you. Fig Loans typically offers small personal loans that are designed to be affordable and to help build credit.

  3. Apply Online. Look for an "Apply Now" button. You'll be directed to an application form where you'll need to provide personal information, such as your name, address, date of birth, income details, and social security number.

  4. Submit Required Documents. Depending on your application, you may be required to submit additional documents for verification purposes. This could include proof of income, bank statements, or identification documents.

  5. Review and Accept Loan Agreement. If your application is approved, review the loan agreement carefully. Pay close attention to the loan amount, APR, repayment terms, and any fees associated.

  6. Finalize Loan. Accept the loan agreement if you agree to the terms. The loan funds will then be deposited into your bank account, usually within a few business days.

Conditions and Requirements


  1. Eligibility. Applicants must reside in a state where Fig Loans operates, meet the minimum age requirement, typically 18 years or older depending on state law, and provide valid government-issued identification to verify identity and meet legal requirements.

  2. Loan Amounts. Fig Loans offers varying loan amounts depending on the state. In California, loans range from $50 to $150, while in Florida, Texas, and Utah, borrowers can access loans up to $500. In Ohio, the maximum loan amount is $300, and in Missouri, borrowers can obtain loans up to $450.

  3. Interest Rates. Fig Loans applies different interest rates depending on the state and type of loan. For payday loans, the interest rates typically range from 199% to 211% APR. Meanwhile, credit building loans carry a high annual percentage rate (APR) of 18.85%.

  4. Loan Purpose. Loans are intended for personal, family, or household purposes, focusing on financial health and credit building.


  1. Residency. Applicants must reside in a state where Fig Loans operates, as loan availability and terms can vary by location.

  2. Age. Borrowers must meet the minimum age requirement, typically 18 years or older, depending on state law.

  3. Identification. Valid government-issued identification to verify identity and SSN (Social Security Number).

  4. Income Verification. Proof of steady income to ensure the borrower has the means to repay the loan. This could be in the form of pay stubs, bank statements, or other financial documents.

  5. Bank Account. An active checking account with positive balance and up to $1,400 in transactions in the last three months, that's usually required for loan disbursement and repayment transactions.

  6. Credit Check. While Fig Loans focuses on offering credit-building opportunities, a basic credit check may be performed to assess credit history and repayment ability. However, Fig Loans might accommodate borrowers with less-than-perfect credit.

  7. Contact Information. Valid contact details, including an email address and phone number, to maintain communication throughout the loan process.

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Last update 27.03.2024