Fig Personal Loans
Borrow up to $35,000 at rates from 8.99% with no fees or penalties. Competitive personal loans with fast approval and a chance to win $7,500.
Fig offers a competitive personal loan product for Canadians, allowing qualified applicants to borrow amounts up to $35,000 with rates starting at 8.99%. There are no hidden fees, and funding can happen as early as the next business day. Notably, until March 31, 2026, pre-qualified applicants are automatically entered to win a $7,500 cash prize.
The loan terms are flexible, from short to longer repayment periods, with no penalties for early repayment. Pre-qualification doesn’t impact your credit score, making it easy to check your rate risk-free before you apply. Fig is a subsidiary of Fairstone Bank and is developed in part with Koru and the Ontario Teachers’ Pension Plan, bringing additional trust and security to the application.
How to Apply Step by Step
- Check your personalized rate online in seconds without affecting your credit score.
- If you like the offer, complete your application in minutes from any device.
- Upload verification documents as requested during the process.
- Once approved, choose your amount and repayment plan, then e-sign your agreement.
- Receive funds in as fast as one business day to your bank account.
Vorteile
Fig’s standout feature is its competitive interest rates starting at 8.99%. There are no fees for early repayment, and you can manage your loan entirely online. Approvals are generally fast, and customer reviews highlight both convenience and customer service.
The chance to win $7,500 by simply checking your eligibility is a great incentive for new applicants, making it more enticing to see what rate you can get.
Nachteile
Fig is a newer name in Canada’s personal lending market, which may make some cautious until more brand recognition builds. Additionally, not everyone will qualify for the lowest advertised rates, and final approval requires a hard credit check. Loan approvals and amounts may be limited based on your personal financial profile.
Urteil
Fig provides a highly competitive choice for Canadians seeking personal loans. With its low starting rates, no prepayment penalties, excellent online customer reviews, and an attractive contest, it’s a strong offer for qualified borrowers. If you’re looking to consolidate debt or access cash for personal needs, Fig is worth shortlisting.
