Frequently Asked Questions

Frequently Asked Questions

Not able to find your answer here? Email us at service@figloans.com

How can I apply for a Fig loan?

You can start the application for a Fig loan by clicking the “Apply Now” button on our home page. From there you will be directed to create an account, review the terms of a Fig loan, enter some basic identification information, and verify your bank account. Once your bank account has been verified, your application is complete!

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What is the status of my Fig loan application?

Once you have completed a Fig loan application and verified your bank account, your application will be reviewed within one business day and you will receive an email notification of your loan decision.

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What are the requirements for a Fig loan?

In order to be considered for a Fig loan, you must complete our online application and verify your bank account. Our decisions are based on the accuracy of the information you provide, and the transaction history of your verified bank account. We look at your ability to pay back the loan, rather than a credit score, and focus on account age, income, and existing/previous loans.

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I have bad credit, can I apply for a Fig loan?

Yes! We do not look at a traditional credit score when making loan decisions. Instead we look at your ability to repay the loan based on account age, income, and existing or previous loans.

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Do you offer loans greater than $500?

We currently offer loans between $300-$500.

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What are the terms of a Fig loan?

Fig loans cost less than $4 for every $100 borrowed per 2 weeks (140% APR). The loans are paid off over four months, through 4 equal monthly payments.

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Can I take out a 2nd Fig loan before I have paid off my first?

We do not allow more than one Fig loan to be held at a time.

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In which states do you offer loans?

We only serve the state of Texas at this time.

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