Easy to apply
No hidden condition
Fig Loans is a rather young lender that started its path in 2015. It was established in Texas by Jefferey Zhou and John Li who wanted to create the company that would provide excellent products with smaller fees. They aimed to make a useful option for people who needed to upgrade their income and receive the money quickly. Two founders always wondered how these individuals could pay unreasonably high rates and survive in tough financial circumstances. Here, a client has to pass a simple application procedure and give basic data like phone number, name, email, and banking account. A customer receives a letter informing about their decision based on the loan report, income details, and banking account story. Fig Loans notifies you about this status within 1 working day. The lender provides the chance to take small money sums starting at $ 300 and up to $ 500. The repayment period is divided by 4 dates according to a schedule that is convenient for a customer. But these conditions are flexible because Fig Loans is ready to meet a client’s needs and correct his money-return dates.
Advantages of Fig LoansThis company comes up with a fine schedule and many other benefits. Learn the most essential ones to make the right decision:
- adjustable money-return conditions;
- friendly customer support;
- informative FAQ section;
- credit reports;
- discount for early money return.
Money-Return Conditions at Fig LoansFig Loans cares about its customers and provides convenient schedules that meet their requirements. Although it has the condition to return the money within 4 months, the lender doesn’t perform it as a strict rule. You can ask managers to adjust your repayment dates. Don’t hesitate to ask Fig Loans to fix your schedule according to your balance situation. They offer to change the repayment period within 1 day of a determined date. Besides, the company doesn’t provide fees in case a client decides to change his money-return term and give the borrowed sum a little bit later. It’s hard to find another lender that is ready to let a customer do so without any additional penalties.
Customer SupportFig Loans has excellent support management that is really helpful for customers. They offer to get consultations on the phone, send them an email or ask any financial question online. In case you decide to call them, be sure that you’ll be connected with a manager almost momentary. Moreover, there are no time limits. A customer can call them at any hour of the day and get an explanation about their processes.
FAQ SectionIn case you have any question but do not want to get in touch with the company’s representatives, there’s the chance to find any information online. Fig Loans has a useful FAQ section explaining its products’ characteristics and processes. A customer will also find details connected with a money-return schedule there.
Credit ReportsThe company wants to help its customers create a successful credit history. That’s why it tracks payments and sends information to 3 major agencies. Fig Loans team believes that this strategy is great for people who want to maintain their budget better and build a nice credit score.
Early Money-Return DiscountThere is some good news for people who want to repay the borrowed sum earlier than the set date. First of all, Fig Loans doesn’t accumulate any fees for this option. Second of all, a client will even get a discount in case he’s ready to give the received money amount beforehand.
Disadvanatges of Fig LoansCheck the following disadvantages to understand if this lender is the right choice:
- APR rate;
- the sum you can obtain;
- the territory of activity.