Fig
Borrow up to $35,000 at rates as low as 8.99%, enjoy no fees, and get funding in as little as 1 business day. Quick, secure online application.
Fig’s personal loan offer in Canada stands out for borrowers seeking quick decisions, no fees, and competitive rates. Loans range from $500 up to $35,000, with advertised interest rates starting at 8.99% (actual rates depend on your credit profile and region). There are no hidden costs or early repayment penalties, making it an attractive option for debt consolidation or major expenses. Moreover, everyone who receives a pre-qualified loan offer until March 31, 2026, is entered in a draw to win $7,500 – a compelling incentive for those comparing offers.
How to Apply: Step by Step
- Check your pre-qualification online—no impact on your credit score initially.
- Review your personalized rate and loan amount offer instantly.
- Complete your application (a hard credit check is needed to finalize approval).
- After approval, receive funds as early as the next business day.
The Pros
One major advantage is the simple and speedy online application process. With no branches to visit and eligibility checks upfront, you can see your rate fast.
Another plus is flexibility—pay back your loan any time with zero prepayment penalties. The application is clear, and there are no hidden fees.
The Cons
Interest rates start at 8.99%, but depending on your credit, they may be higher than some prime lenders. Qualification criteria are not fully public.
Although customer support is well-rated, you may not get in-person service or extensive face-to-face advice if you prefer a traditional lender experience.
The Verdict
Fig’s personal loan offers a combination of fast approval, transparency, and a no-fee approach. If you value digital convenience, competitive terms, and are comfortable with an online process, Fig is an excellent option to consider. The chance to win $7,500 makes it even more appealing.
