I applied for a Fig loan and got redirected to Kizzo. What happened?

Fig and Kizzo are loan products from the same lender, but they have different underwriting criteria. Kizzo is designed to offer an alternative loan option for people who do not meet the credit score and financial requirements to qualify for a Fig loan. So if you've been redirected to Kizzo, you may be eligible for a loan from Kizzo.

What happens if my Kizzo loan application is declined?

If your application is not approved, it means you're not eligible for a Kizzo loan. However, this won't affect your credit score, as Kizzo does not carry out a hard credit check when assessing your initial application. You may also have the option to re-apply with Kizzo after 32 days if you believe a change in your circumstances may now make you eligible for a loan.

Can I pay my Kizzo loan off early?

Yes, you can pay your loan off early. Kizzo offers open loans, so you can make extra payments or pay your total loan balance off at any time. There are no fees or prepayment penalties if you pay your loan back ahead of schedule.

What is the minimum amount I can borrow?

Kizzo's minimum loan amount is $2,000.

Does Kizzo charge any fees?

You will pay interest on the money you borrow from Kizzo, as loans have a fixed APR of 31.99%. Kizzo does not charge any loan origination or admin fees, but an NSF fee of $45 applies if you are unable to make a payment due to insufficient funds in your account. Late payment fees also apply, with the fee amount specified in your loan agreement.

Angus Kidman

Editor-at-large

Angus Kidman is the international editor-at-large at Finder. He's an award-winning journalist who has reported on technology, travel, finance and other topics for over 25 years. Angus appears regularly on Sunrise, Today, The Project, Seven News and other TV and radio shows. His previous jobs include editor for Lifehacker Australia and editor-in-chief for Australian Personal Computer, and he's written for dozens of publications including Escape, the Sydney Morning Herald, Gizmodo, The Australian, the AFR, Kotaku, ZDNet and Business Insider. He won Best Consumer Technology Writer at the IT Journalism Awards in 2010 and 2012, Best Columnist at the same awards in 2014, Best Reviewer at the same awards in 2020, and was a finalist for Editor of the Year at the 2017 Mumbrella Publish Awards.