Fig Loans (figloans.com) are rapidly gaining popularity among customers.
The main purpose of the company is to provide users with the necessary financing for emergency instances.
The platform has been actively gaining appreciation, and currently, it is one of the leading finance companies.
The lender is trusted and reliable, providing borrowers with an opportunity to restore financial health.
Today, Fig are aimed at offering customers affordable and quality financial solutions and services to satisfy their needs.
Generally, the company offers short-term loans of $300 up to $500 for 4 months.
The APR will vary depending on numerous factors with your creditworthiness being the primary concern.
Anyway, depending on the state of residence, new customers receive 176-190% APR or less than $4 for each $100 borrowed.
Once you have repaid your first loan in a proper way, in time and without any violations, next time, the interest rate will be decreased up to 20%.
Benefits of Installment Loans with Fig
Apart from the universal loan character and convenient services provided by the lender, loans with Fig have a range of other advantages:
- Competitive short-term APR. Even though the APR for the first loan is around 176-190%, it is still lower than the vast majority of short-term loan providers offer. Moreover, further, you will get an opportunity to significantly decrease this level;
- Ability to increase your credit score. On average, customers who stay with Fig for over 8 months can enhance the credit score up to 47 points, which is a considerable improvement for future experiences;
- Rapid funding. Once you have applied for the loan, the application will be reviewed within a single business day. The borrower gets approved and receives an access to funds within a single working day;
- No fees. The company does not charge its users with origination or processing fees, as well as other options. Moreover, it waives late fees, trying to offer the customer the repayment date suitable for the borrower;
- Quality customer support. Being a customer-oriented platform, Fig guarantees an individual approach to every customer.
Eligibility Requirements and Application Process
Installment loan with Fig does not presuppose a long process.
Instead, the process is rather straightforward and simple.
To be eligible for the loan you need to have a valid bank account and live in Missouri, Texas or Illinois.
Your personal information and credit history will be taken into account during the process of APR counting.
Browse the website of Fig Loans, follow the directions to apply for the loan, and enjoy fast funding.