Fig
Borrow up to $35,000 with rates as low as 8.99%. No fees, fast approval, and funds in as little as one business day. Flexible, hassle-free personal loans.
Fig, backed by Fairstone Bank and launched in collaboration with Koru and Ontario Teachers’ Pension Plan, offers personal loans designed for convenience and transparency. Canadians can borrow up to $35,000 at rates starting from 8.99%, making Fig highly competitive. There are no origination or early repayment fees, and applicants can manage everything online without the need for branch visits.
How to Apply for a Fig Loan
- Check your rate online in seconds with no impact on your credit score.
- Complete the application with basic personal and employment information.
- Go through a soft credit check for eligibility.
- Finalize your application and consent for a hard credit check if you proceed.
- Receive your funds in as little as one business day upon approval.
Key Advantages
First, the rates and terms at Fig are very competitive versus many other Canadian lenders, particularly with rates as low as 8.99%. Additionally, there are zero fees, including no penalty for early repayment, allowing borrowers to save if they pay off sooner.
Second, the application can be completed easily online in under 10 minutes, and many users report receiving their funds by the next business day. The platform is transparent, secure, and even offers live Canadian customer support.
Some Drawbacks to Consider
While Fig’s interest rates are competitive, the lowest rates are typically reserved for borrowers with strong credit profiles. Some customers note minor challenges connecting their bank during the online process.
Also, since everything is digital, borrowers who prefer in-person service or need more hands-on guidance might find the experience less personal.
Veredicto
Fig stands out as an excellent choice for Canadians seeking transparent, flexible, and fast personal loans. The online process is quick, approval odds are clear, and with no hidden fees, Fig is a smart option for debt consolidation or unexpected expenses. Borrowers should ensure their credit profile is strong enough to secure the best rates available.
