Key facts about Fig
- Loan type
- Installment loan
- Rate / cost disclosure
- 8.99% to 29.49% APR
- Maximum loan amount
- $35,000
- Typical loan term
- Fixed term, chosen at application
- Funding speed (lender’s statement)
- Two to three business days (reported)
- Credit-check policy
- Yes — aimed at borrowers with good credit
- How to apply
- Online
- Service type
- Online
- Provinces served
- Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Head office / service area
- Toronto, Ontario
Is Fig licensed?
Fig does not offer payday loans, so it does not need a payday-lender licence. Its loans fall under the federal 35% APR limit, and some provinces (including British Columbia, Alberta, Manitoba and Quebec) require a separate high-cost credit licence or permit. Ask the lender for its licence in your province.
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- Lowest rates among lenders listed here
- Fully online
- Also lends in Quebec
What to watch
- Needs good credit
- $2,000 minimum
- Slower funding than payday lenders
Who is Fig?
Fig is a digital lender backed by Fairstone Bank. It is built for people with solid credit: loans run from $2,000 to $35,000 and its rates top out below what most alternative lenders charge. The whole process is online.
Who is Fig suited to?
The lowest-cost lender on this list if you qualify — and many payday borrowers will not. If your credit is good, check Fig before considering anything priced at $14 per $100.
What if a payment fails?
Missed payments can bring NSF fees and are reported to credit bureaus.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.