Kizzo Review: Is It Legit?
- Loan Amount
- $2,000 - $10,000
- Loan Term
- 24 to 60 months
Our verdict
Kizzo offers fast and flexible personal loans of up to $10,000, but watch out for the high loan APR.
Online lender Kizzo is worth checking out if you don't qualify for a personal loan from a traditional lender. You can apply online in minutes, get an instant decision, and get your loan amount in as little as 1 business day. Kizzo has more lenient eligibility criteria than traditional lenders, and the flexible repayment schedule lets you pay the money back at a pace that suits you.
But Kizzo loans come with a high APR of 31.99%. So if your credit is in good shape, you'll be able to find a more affordable loan elsewhere.
Pros
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Fast access to funds
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Loans of up to $10,000
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You may qualify with less-than-perfect credit
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Apply online in minutes
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Get a decision 24/7
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Early repayment allowed
Cons
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High 31.99% APR
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Hard credit check required
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Not in QC or NL
Is Kizzo legit?
Yes, Kizzo is completely legit. Kizzo is operated by Fig Financial, a Toronto-based digital lending fintech that was founded in 2023. Fig offers online personal loans of up to $35,000. Learn more in our Fig loans review.
Fig is, in turn, a wholly owned subsidiary of Fairstone Bank of Canada, a Schedule I bank and alternative lender.
What we like about Kizzo
- Flexible eligibility criteria. Kizzo loans are designed for borrowers who can’t qualify for a Fig loan, so you may be able to qualify even if you don’t have excellent credit.
- Transparent loan information. The Kizzo website clearly spells out the cost of borrowing before you apply. This information is also included in your loan agreement.
- 24/7 decisions. Kizzo’s automated decision-making system means you can apply and get approved for a loan 24/7.
- Apply online in minutes. It only takes 10 minutes to apply using Kizzo’s mobile-friendly online application.
- Fast access to funds. You can get your loan amount as soon as 1 business day after applying.
- Large loan amounts. You can borrow up to $10,000 with a Kizzo personal loan.
- Repay over up to 5 years. Kizzo loan terms range from 24 to 60 months.
- Flexible repayments. You can make payments towards your loan weekly, bi-weekly or monthly.
- Early repayment allowed. You can make extra payments towards your loan or pay it off early at any time without penalty.
- Established provider. While Kizzo is a new offering in the Canadian personal loan market, it’s backed by Schedule I bank Fairstone.
What to watch out for
- High APR. Kizzo loans come with a high APR of 31.99%. If you have good credit, you’ll find a lower rate elsewhere.
- Could impact your credit score. You will need to complete a hard credit check to apply for a Kizzo loan, while missed payments are reported to the credit bureaus.
- Not available everywhere. Kizzo loans are not available in Quebec, Newfoundland and Labrador or the Territories.
- $45 NSF fee. It says on the Kizzo website that the NSF fee is $45. The legal maximum in Canada is $10.
Alternatives to Kizzo
What are Kizzo’s interest rates?
Kizzo loans have an APR of 31.99%. The maximum criminal loan interest rate in Canada is 35% APR, so it’s worth noting that Kizzo loans are quite expensive.
Let’s say you take out a $5,000 loan with a 3-year repayment period:
- Your monthly payment will be $218.90.
- The total cost to repay the loan will be $7,880.40.
Summary of reviews for Kizzo
| Platform | Details |
|---|---|
| Trustpilot reviews | 4.2/5 stars based on 7 reviews (Kizzo) |
| BBB reviews | 2/5 stars based on 1 review (Fig Financial) |
| BBB rating | A (Fig Financial) |
| BBB accreditation | Yes (Fig Financial) |
As of June 8, 2026
What do Kizzo reviews say?
As Kizzo is a relatively new offering, there are limited customer reviews for the lender. People who left positive reviews for Kizzo on Trustpilot commented on the quick, easy and straightforward loan application process, though one reviewer also mentioned the high cost of borrowing.
It’s also worth noting that Fig Financial, the fintech behind Kizzo, has an average Trustpilot rating of 4.8/5 from over 1,200 reviews. Reviewers commonly mention the simple application process, fast approvals and helpful customer service.
Do you qualify?
To be eligible for a Kizzo loan, you will need to:
- Be a resident of Canada
- Be the age of majority in your province or territory
- Have a steady source of income (Kizzo says this can come from employment or other “steady deposits” into your bank account—part-time, self-employed and contract or gig work income are all accepted)
- Have an active Canadian bank account in your name
- Not currently have an active Fig or Kizzo loan
- Not have been declined by Fig or Kizzo in the last 30 days
Not sure if you qualify? You can complete an online application to check, and it won’t impact your credit score.
How do you apply?
- Head to the Kizzo website to start an online application.
- Provide your personal and contact details along with information about your financial situation, income and employment.
- Upload a valid, government-issued photo ID to confirm your identity.
- Connect your bank account to verify your income and financial activity.
- Review your loan agreement, and if you’re satisfied with the offer, submit your application.
- You will receive an immediate decision.
- If your application is approved, the funds will be deposited directly into your bank account. Funds are usually received within 2 business days.
What to expect once you’ve received your loan funds
Your loan agreement will explain all the key details of your repayments, including:
- Your payment amount
- Your payment frequency (weekly, bi-weekly or monthly)
- The date of your first payment and your final payment
On your scheduled payment dates, the money will be automatically withdrawn from your bank account. With this in mind, make sure you have enough money in your account on each agreed-upon date to avoid being hit with an NSF fee.
You will receive payment reminders by email, but if you miss a payment, Kizzo says you may have a short grace period during which you can still make your payment before any fees apply. A late fee may apply if your payment is not received by Kizzo during the grace period.
You will also have access to Kizzo’s loan management platform. Log in to your account to:
- Check your payment schedule and upcoming payment dates
- Check your outstanding balance and repayment progress
- Update your bank account details
Finally, it’s worth noting that Kizzo reports your payment history to the credit bureaus. So if you miss a payment, this could hurt your credit score. If you think you will struggle to make a payment on time, you can email Kizzo’s support team to find out what options you have.
Bottom line
Kizzo may be worth a look if you need a personal loan but don’t meet the strict eligibility criteria of traditional lenders. It offers fast loans, an easy application process and flexible repayments.
But while Kizzo loans are cheaper than payday loans, they still come with high APRs, so make sure you’re aware of the total cost of borrowing before you take out a loan.
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