5 Loans Like Fig Financial

Fig Financial offers personal loans between $2,000 and $35,000 with rates between 8.99% - 29.49%. A bank alternative for prime borrowers, it’s a legitimate option when you need a quick online personal loan, but it’s not your only option.

Discover loans like Fig Financial in this guide.

Compare loans like Fig Loans

• Alternative for fast online funding: Spring Financial
• Alternative loan search platform: Loans Canada
• Alternative for bad credit: LoanConnect
• Alternative for short-term installment loans: Green Loans
• Alternative if you want a credit union loan: Innovation

Finder Score	APR Range	Loan Amount	Loan Term
Alternative for fast online funding: Spring Financial
8.5 Great Spring Financial Personal Loan	8.5 Great	9.99% - 35%	$500 - $35,000	6 - 84 months	Go to siteView details Compare product selection Compare	loading	Why we like it Like Fig Loans, Spring lets you easily apply online and receive a response almost right away. If approved, you'll get your funds as soon as the same day. You can choose between Interac e-Transfer or direct deposit to get your money. Pros & cons Pros High-risk applications are okay Flexible loan amounts from $500 to $35,000 No early repayment fees Cons Interest rates of up to 35% for bad credit You may be offered a credit builder loan (The Foundation loan) instead of a personal loan
Alternative loan search platform: Loans Canada
8.6 Great Loans Canada Personal Loan	8.6 Great	9.99% - 35.00%	$500 - $50,000	6 - 60 months	Go to siteView details Compare product selection Compare	loading	Why we like it Loans Canada is a broker that collects your information in a single application and connects you with suitable loan options from its extensive network of partner lenders. The platform is totally free to use, and there are options for both good and bad credit borrowers. Pros & cons Pros Loans for good and bad credit Compare multiple lenders APRs starting at 9.99% Get funded in one to three business days Cons High rates for bad credit Not a direct lender Limited to Loans Canada's partner network
Alternative for bad credit: LoanConnect
8.8 Great LoanConnect Personal Loan	8.8 Great	8.99% - 35.00%	$500 - $60,000	3 - 120 months	Go to siteView details Compare product selection Compare	loading	Why we like it LoanConnect matches you with a lender based on your profile. You can apply with bad credit, as LoanConnect is partnered with many lenders that specialize in loans for low credit. Pros & cons Pros Fast bad credit loans Flexible terms No collateral required No prepayment penalties Cons High rates and fees Not a direct lender You're limited to lenders within its network
Alternative if you want a credit union loan: Innovation
7.7 Great Innovation Credit Union Personal Loan	7.7 Great	Prime + 1.5% to Prime + 15%	$5,000 - $50,000	12 - 120 months	View details Compare product selection Compare	loading	Why we like it Like Fig Financial, Innovation Federal Credit Union offers online personal loans across Canada to people with good to excellent credit. Choose between a fixed and variable rate, and get a decision in as little as one business day. Pros & cons Pros Traditional lender with convenient online process Competitive rates Choice between fixed and variable rate Cons Bad or fair credit may not qualify

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How does Fig Financial compare?

You can learn more in our Fig Financial review, but its key pros and cons include the following:

Are Fig Loans US and Fig Financial the same?

No, although they share the same name, they are completely separate companies serving different markets. Fig Financial is backed by Fairstone Bank and provides installment loans to Canadians, primarily targeting prime borrowers. Fig Loans US, operated by Fig Tech Inc., focuses on serving individuals in the United States who may have limited access to traditional credit, often targeting non-prime borrowers.

Alternatives to online installment loans

1. Use a cash advance app

Cash advance apps in Canada like Nyble, Bree and KOHO Cover provide small loans of up to several hundred dollars with 0% interest and little, if any, fees. You may not need a credit check to qualify, and funds are usually available fast. One downside is that you can’t borrow a large amount. But cash advances can be useful if you need a small amount quickly to cover unexpected, short-term expenses.

2. Apply for an auto title loan

If you own a completely paid-off vehicle, you may be able to use it to secure a loan. Auto title loans are easier to qualify for than unsecured loans, and it’s possible to get approved with less-than-good credit. But be aware that if you fail to make repayments, you’ll lose your vehicle, and high fees may apply, such as vehicle inspection and title search fees.

3. Pick up a side hustle

If you have time to invest in a side hustle, it’s much better to increase your income rather than go into more debt. Examples of side hustles include filling out surveys, dog walking, translating and virtual assisting. Learn more in our how to make money online guide.

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Stacie Hurst

Editor

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Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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Stacie has written 235 Finder guides across topics including:

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Leanne Escobal

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Leanne Escobal is a senior publisher at Finder with more than 13 years of experience in financial products and services, with a focus on content strategy and marketing. She has completed the Canadian Securities Course (CSC®) as well as the Personal Lending and Mortgages course through the Canadian Securities Institute. Leanne holds a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

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Leanne has written 202 Finder guides across topics including:

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