If you’re searching for a flexible personal loan with benefits, the Fig Cash Contest Loan could be a standout option in Canada. Borrowers can access loans up to $35,000 at competitive rates as low as 8.99%, with no hidden fees and the added perk of a monthly $5,000 cash draw for pre-approved offers.

The loan process is straightforward and digital. You simply check your rate online without affecting your credit score, review your pre-approved offer, complete a quick verification, and if approved, receive funds as soon as the next business day. The contest runs until December 31, 2025, making every pre-approval a chance to win.

How to Apply

Start by entering your personal and financial information online. Check your rate with no impact on your credit score. After you receive a pre-approved offer, follow through with the final verification steps. If all is in order, your funds are deposited swiftly.

Pros of the Fig Loan

One clear advantage is the ability to check eligibility without a hard inquiry, safeguarding your credit score. There are zero fees—including no penalties for early repayments—offering true flexibility. Funding can happen in as little as one business day, making it ideal for urgent needs.

Cons to Consider

The lowest advertised rate of 8.99% may depend on your creditworthiness, so not everyone will qualify for the best terms. Additionally, the Fig brand may not be as established as traditional banks, though it is backed by Fairstone Bank.

Verdict

The Fig Cash Contest Loan stands out for its user-friendly application, attractive rates, and potential rewards. It’s a compelling choice for Canadians seeking quick, transparent, and hassle-free borrowing—especially if you value speedy funding and fee-free flexibility.