Fig
Fig is a Canadian online lender offering personal loans to help Canadians consolidate debt or cover expenses. They provide a simple, flexible, and stress-free borrowing experience with no hidden fees and a fully online process.
Expert Review
Best For
Fig works best for Canadians with fair to good credit who want a structured personal loan with predictable payments and competitive rates, especially for debt consolidation or planned expenses.
Our Take
Fig is a modern Canadian online lender backed by Fairstone Bank and developed with Koru, part of the Ontario Teachers’ Pension Plan. It offers unsecured personal loans with a focus on transparency, simplicity, and borrower trust, providing a clean, digital-first lending experience for Canadians.
What We Like
- Transparency: clear terms, no hidden fees, no early repayment penalties.
- Ability to check rates without affecting credit score.
- Flexible repayment options: weekly, biweekly, semi-monthly, or monthly payments.
- Efficient digital experience with fast applications and online account management.
- Competitive rates for qualified borrowers.
Where to Improve
- Funding is not instant, typically 1-2 business days, which may not suit urgent needs.
- Higher credit score required (high 600s or 700s) compared to more inclusive lenders.
- Minimum loan amount of $2,000 means it's not suitable for very small borrowing needs.
Verdict
Fig is an excellent choice for Canadians seeking a clear, no-nonsense personal loan with competitive pricing and strong institutional backing. It's ideal for debt consolidation and planned expenses where transparency and cost are priorities, offering a balanced and borrower-friendly digital experience.
Brand Signals & Trust
Years in Business
13+
Geographic Reach
Canada-wide
Product Diversity
1 product
Trust Badges
Trusted, Low Rates
Products Offered
Personal Loans
Amount Range
$2,000 - $35,000
Interest Rate
Starting at 8.99%
Term
24 - 60 months
Funding Speed
1-2 business days after final approval
Eligibility
- Canadian resident, age 18+
- Primary personal Canadian bank account
- At least 3 months of bank transaction history and positive account balance
- No existing Fig loan and not declined in the past 30 days
Google Reviews
78 Google reviews
Monday: 9:00 AM – 5:00 PM
Tuesday: 9:00 AM – 5:00 PM
Wednesday: 9:00 AM – 5:00 PM
+4 more days
Photos
Fig Support is very fast and reliable. Their customer care service is amazing. Besides having an affordable interest rate, they give flexible repayment options that suits your capacity. They are fantastic
Amazing service! So grateful for paying off credit card debt saving me lots of money on high interest rate credit cards charges! Had went through difficult times with money and had to use my 2 credit cards but Fig saved me money and it does not affect my excellent credit score!!!
All these financial institutions will gouge you on interest. Fig at least is open about the pricing and allows you to pay it off with no penalty and the process is easy. Perfect for situations where you need short term money and can pay it off in a few months to not collect too much interest. So while I wouldn't always suggest these kinds of places if you need a loan, If you do decide this is the only option, Fig seems to be the best I have found.
I’m very please with their services, I have used it twice, everything is online, very quick and within a short period of time I have received the funds, I can definitely recommend them if you need any extra funds, you can also pay out with no penalties. Thanks Fig team for the amazing service.
I remember this company! I have never got a loan from them as when I applied months ago I had people from here call on several occasions and say im approved for anything from $1000 -$10000 dollars with 9.9% interest. But here's the kicker and catch, As I have bad credit I would need to put security funds down and they offer security by supposedly sending you Xamount of $$ and you then send it back to them to put down as security. But this is where they get your account info etc..No money loan company is legally allowed to ask for any money in order to disperse your approved amount..But that's how they supposedly get around this.. Plus almost every time I got called it was same person but I was given 2 different names by that person.. East Indian accent too.. Now today I got several calls but missed as im at wrk nd then when I call back they hangup on me not once but 3 times in a row.... hmmmmmm how proffesional is that!? They will require a supposed security deposit but supposedly send you those funds but its only to get ur banking info etc.... This company may/may not be a scam but I definitely believe this Samuel guy is NOT an employee nor is Edward Lawrence as per the name whom comes up on ur phone.. Plus why don't they have a quebec # ?? Nothing about this company seems legit
How Fig Compares
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