Introducing Fig Personal Loans and Contest

Fig stands out in Canada with a monthly $5,000 cash contest for qualified applicants. Beyond the draw, Fig offers competitive loan rates starting at 8.99% with no additional fees.

You can borrow up to $35,000 and receive funding as soon as one business day after approval. Conveniently, all applications and management are handled online, with borrowers benefitting from a transparent, easy-to-use platform.

To be automatically entered in the $5,000 monthly cash contest, you simply need to receive a pre-approved personal loan offer. This exciting contest runs until December 31, 2025, providing plenty of chances to win.

How to Apply: Step by Step

1. Check your rate online without impacting your credit score.

2. View a personalized loan offer for your requested amount and term.

3. Complete your application with any required documents and identity verification.

4. Once approved, receive your funds as early as the next business day.

5. Manage your payments and account settings easily online at your convenience.

Main Advantages of Fig Loans

One major benefit is the fixed low starting interest rate of 8.99%, which can save substantial money over high-interest credit cards. Additionally, there are no hidden fees or prepayment penalties, so you can repay early without extra cost.

Fig’s fast application process and online convenience remove the need for branch visits or drawn-out paperwork, making borrowing more accessible and less intimidating.

Potential Downsides

Fig loans are only available online, so those who prefer in-person service will need to adapt. Also, the best rates go to applicants with good to excellent credit, and not everyone will qualify for the lowest advertised interest rate.

Finally, even though checking your rate won’t impact your credit, completing a full application will involve a hard inquiry, which might affect your score slightly.

Our Verdict

Fig’s personal loans are a great option for Canadians seeking fast, reliable funding with transparent terms and competitive rates. The added $5,000 monthly contest is a terrific incentive, and the intuitive digital experience appeals to modern borrowers. If you’re looking for a hassle-free personal loan, Fig is well worth considering.