Fig Loans Review: Limited Availability & Low Max Amount (2026)

Is Fig Loans legit?

Yes, Fig Loans is a legitimate lender of short-term installment loans. Founded in 2015, Fig is a certified B Corporation, meaning it’s recognized for operating with social responsibility and transparency in mind. It’s also a certified Community Development Financial Institution (CDFI) because it focuses on expanding access to credit for underserved borrowers.

The company’s privacy policy covers the information it collects and how you can limit sharing, and its website is encrypted to keep your information safe. Fig Loan isn’t accredited by the Better Business Bureau, but it receives high marks from past borrowers on Trustpilot.

What makes Fig Loans shine?

• Easy-to-meet eligibility requirements. Fig focuses on income and banking activity rather than a high credit score, making it more accessible than many personal loan options.
• No hard credit check to apply. You can apply and review an offer without a hard pull, helping you explore your options without impacting your credit.
• Fast application, approval and funding. The online application takes just minutes, and approved borrowers may receive funds as soon as the same business day.
• Reports to all three major credit bureaus. Fig reports payments to Experian, Equifax and TransUnion, so on-time payments can help build or improve your credit history.
• No origination or early repayment fees. Unlike many short-term lenders, Fig Loans doesn’t charge origination fees or prepayment penalties.

Where Fig Loans falls short

• High APRs compared with traditional personal loans. While cheaper than many payday loans, Fig’s APRs can still exceed 200% in some states, making it an expensive option versus banks or credit unions.
• Low maximum loan amounts. Loans typically cap at $800, which may not be enough to cover larger or unexpected expenses.
• Short repayment periods. Repayment terms only reach up to six months, leaving limited time to pay off the balance. If you need a longer repayment period, try searching for long-term loans instead.
• Very limited state availability. Fig Loans operates in FL, MO, OH, TX, UT and WI, which keeps most US borrowers from using its products. If you’re in an ineligible state, try lenders or marketplaces with wider availability, like Upstart or OppLoans.
• Not available to military members or their families. Because of its high APRs, Fig Loans can’t lend to active-duty service members or their dependents. For better options, check our list of the best personal loans for veterans and active-duty military.

Fig Loans loan details

Fig Loans contact information

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How to qualify for Fig Loans

To qualify for Fig Loans, you just need to meet a few basic requirements:

• Have a social security number
• Have a photo ID
• Have a cell phone number
• Reside in a state where the company is licensed to lend
• Have a US-based checking or savings account that’s at least three months old
• Have at least $1,400 per month in income deposited into the account
• Have a positive balance in your bank account at the time of application

How to apply

Applying with Fig Loans is easy. You can complete the application 100% online in just a few minutes. Here’s what the process looks like:

1. Go to the Fig Loans site and select apply, then indicate how much you’d like to borrow and what state you live in.
2. Register for an account on the site by providing your email address and setting a password.
3. Follow the prompts to provide all the necessary information, including bank details.
4. Receive a loan offer if you’re approved.
5. Sign the loan agreement to receive your funds, which typically arrive within one business day.

How Fig Loans compares to other lenders

6 of 6 results

Updated regularly

Finder Score	Loan amount	Turnaround time	Requirements
Promoted Finder score 9.5 Excellent EarnIn	Finder score 9.5 Excellent	Up to $150/day, with a max of $1000 between paydays	1 to 2 business days or within 30 minutes for a fee	At least 18 and a US resident, Valid Social Security number, At least 60 days of banking history, Proof of consistent income, Positive bank balance, Get paid by direct deposit.	Access up to $150 per day, with a max of $1000 between paydays. Subject to EarnIn terms & conditions.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.4 Excellent OppLoans Installment Loans	Finder score 9.4 Excellent	$500 to $5,000	As soon as the same business day	+18 years old, Receive paychecks through direct deposit, $1,500 minimum monthly income, Live in eligible state	Not available in: CO, CT, GA, IA, MD, MA, NY, SD, VT, WV. Comes with the option to change your due date so you won’t fall behind on repayments.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.1 Excellent CreditNinja Installment loan	Finder score 9.1 Excellent	$300 to $5,000	1 to 2 business days	Checking account at least 60 days old, regular income through direct deposit, resident of eligible state, age of majority in your state	Not available in: AK, CO, CT, FL, GA, IL, IA, KY, ME, MD, MA, MT, NV, NH, NJ, NM, NY, NC, ND, OR, VT, VA, WA, WV. Fast online funding up to $5K, but you won't know about rates and terms until after you apply.	Go to siteView details Compare product selection Compare	loading
Finder score 9.4 Excellent Varo Cash Advance	Finder score 9.4 Excellent	Get up to $250 today and up to $500 over time, qualifications apply.	Instant, once qualified	You must have an active Varo Bank with a positive balance, no delinquent VLOC or charged off Believe account in prior 6 months and one of the following: 1) receive Qualifying Direct Deposits (QDD) of $800+ to your Varo Account current or previous calendar month (max line size $500) or 2) A linked account with QDD of $800+ in the current or prior calendar month, average daily balance of $100 in the previous 30 days and active for at least 60 days (max line size $250) or 3) receive deposits of $800+ to your Varo Account in the previous 3 months (max line size $100). Additional qualifications may apply.	Varo Advance (VA) is a small dollar line of credit. Initial limits range from $20-$250. Work your way up to $500 over time. Fees range from $1.60 - $40 based on loan amount and deposits to your Varo Bank Account. No interest is charged. Qualifications Apply.	Go to siteView details Compare product selection Compare	loading
Finder score 8.7 Great Current	Finder score 8.7 Great	$50 to $750	Up to 3 days or within an hour for a fee	Among other factors, you must receive a monthly total of $500 or more in Eligible Payroll Deposits into your Current Account.	Get up to $750 before payday, once you qualify. Paycheck Advance is an earned wage access service and is not a loan or credit product. Subject to Paycheck Advance Terms and Conditions.	Go to siteView details Compare product selection Compare	loading
Finder score 8.2 Great Cleo	Finder score 8.2 Great	Up to $250	3 to 4 days or instant for a fee.	Not stated	Automatically monitor your spending plus access cash advances up to $100 at a time.	Go to siteView details Compare product selection Compare	loading

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What is the Finder Score?

The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.

Read the full breakdown

Fig Loans reviews and complaints

Fig Loans only has a couple of reviews on the Better Business Bureau (BBB) site, possibly because it’s listed there as “Fig Tech Inc.,” making it difficult for customers to find its BBB profile. There’s a lot more customer feedback on Trustpilot, where it has overwhelmingly positive reviews. 97% of reviewers give the company either four or five stars.

Satisfied customers often comment on the easy application process, quick approvals and fast funding. They also like the ability to get a loan without a hard credit check, the flexibility of changing their payment due date and building credit as they repay.

The few who aren’t so satisfied mention difficulty reaching customer service, high interest rates and not being approved for additional loans after repaying the first.