Loan Details
Our Review
Fig Loans is an online lender that offers bad credit personal loans not payday loans for individuals who have low credit scores. Fig provides loans to individuals with < 600 FICO scores and helps them improve their credit scores. Fig’s installment loans go up to $500 and have no extra fees. The company is based in Houston, TX and serves residents of Texas, Missouri, Illinois and Utah. Fig offers long term installment loans with no credit check AND they are the direct lender! So you only have to deal with them, no one else. We like that!
Since launching in 2015, Fig has garnered a stellar reputation both from customers and independent reviewers. Fig enjoys an average customer rating of 4.8 out of 5 and has over 500 online reviews from customers across multiple websites including Google, Facebook, BestCompany and Trustpilot. Fig’s social responsibility and community focus has been featured in many publications including The New York Times, NerdWallet, and USA Today. Fig is also a B-Lab certified Benefit Corporation.
What We Like
- No Fees
- Flexible Payment Schedule
- Lowest Interest Rate for Customers at this credit level
- Best short term installment loans with no credit check and direct lender
Note: The Fig Loan is a bad credit personal loans not payday loans. This means they are cheaper than payday loans, but you should always look if lower cost options are available. If your credit score is higher than 580, you might in luck by checking out other online lenders. One more thing that we like, Fig even tells you on their website (link) when you shouldn’t take out a Fig loan! That’s a refreshing honesty to find in any lender.
What We Don't Like
- Only Available in Texas, Missouri, Illinois, Utah, and Ohio
- Requires Bank Verification
How To Apply
Just go to their website, select what state you're in, choose your loan, and follow the steps! Be sure to have your SSN and online banking info handy.
Fig changes the way people with bad credit experience banking.