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

5 of 5 results

Updated regularly

Finder Score	Loan amount	Turnaround time	Requirements
Promoted 9.5 Excellent EarnIn	9.5 Excellent	Up to $150/day, with a max of $1000 between paydays	1–2 business days standard; minutes with Lightning Speed	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. Not available to CT or Washington, D.C. residents. Subject to EarnIn terms & conditions.	Important information EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.	Go to siteView details Compare product selection Compare	loading
Promoted 8.2 Great Cleo	8.2 Great	$20 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
Promoted 9.4 Excellent Varo Cash Advance	9.4 Excellent	Up to $250 today. Build up to $700 over time with direct deposit at Varo. Average loan: $195. Qualifications Apply.	Instant, once qualified	You must have an active Varo Bank Account with a positive balance, no delinquent Varo Line of Credit or charged off Believe account in prior 6 months. Varo Advance qualification is subject to evaluation of consumer reports and Varo account activity.	Important information Varo Advance qualification is subject to evaluation of consumer reports and Varo account activity. If approved, initial limits range from $20- $250. Unlock higher limits up to $700 over time when you bring your qualifying direct deposit to Varo and build a positive history with us. Negative repayment history may impact credit. Fees range from $1.60 - $100 based on loan amount, and deposits to your Varo Bank Account. Your current limit and applicable fees can be viewed in the Varo App. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.	Go to siteView details Compare product selection Compare	loading
9.4 Excellent OppLoans Installment Loans	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.	Important information The advertised APR is an estimate based on currently available information, is not final, and is subject to change. If approved, your actual rate will be determined and assigned based on your creditworthiness, income, application information, and other relevant factors. Applications submitted on the OppLoans platform will be originated by one of our bank partners and serviced by OppLoans. Please see the Rates and Terms for details regarding the availability of products in your state of residence. Subject to credit approval and verification. Actual approved loan amount and terms are dependent on our bank partners’ standard underwriting guidelines and credit policies. Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be delivered as soon as the next business day. Availability of the funds is dependent on how quickly your bank processes the transaction. Installment loan amounts typically range from $500 to $5,000. Annual percentage rate (APR) ranges from 129% to 195%. Installment loan lengths range from 9 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments with an APR of 160% would have monthly payments of $394.58. Loan amount, APR, and repayment terms may vary by state, please see https://www.opploans.com/rates-and-terms for additional information. Approval is not guaranteed. If approved, your actual rate will fall within the marketed range of rates, and will be determined and assigned based on your creditworthiness, income, application information, and other relevant factors. Not all applicants will qualify for the lowest available rates. This is an expensive form of credit and you should determine whether the offered product(s) meets your financial needs. OppLoans’ Bank Partners may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. The credit inquiry will appear as a soft credit inquiry on your Experian credit report and a hard credit inquiry on your Clarity report. Therefore it will not affect your FICO credit score. OppLoans and its Bank Partners report customer payment history to the three major credit bureaus. On-time payments may improve credit score.	Go to siteView details Compare product selection Compare	loading
8.8 Great Albert Instant	8.8 Great	$25 to $1,000	Within minutes	An active bank account with transaction history linked to Albert	Advance up to $1,000 in minutes with Albert Instant.	Important information Albert is not a bank. Savings account provided by Wells Fargo, N.A., Member FDIC. Albert plans start at $19.99/mo. Try for 30 days before you're charged. Fees auto-renew until canceled. Cancel in the app. Terms apply. Albert Instant Line of Credit is an unsecured line of credit issued by FinWise Bank, a Utah chartered bank, Member FDIC. Limits range from $25-$1,000. Draw fees apply. Terms and eligibility criteria including geographic restrictions apply. In some states, Albert may offer you an Albert Instant Advance instead. Limits range from $25-$1,000, subject to terms and eligibility criteria. No Albert subscription is required for Albert Instant Line of Credit or Albert Instant Advance. See Albert Terms of Use for additional important terms.	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.