If you’re searching for a personal loan in Canada that goes beyond standard offerings, Fig presents a compelling option. The standout features include loan amounts up to $35,000, competitive interest rates from 8.99% (APR), no fees under any circumstance, and funding possible as soon as the next business day. What sets Fig apart is the monthly $5,000 cash contest for those who receive a pre-approved personal loan offer. These elements make Fig an attractive choice among Canadian lenders, especially for those seeking quick, transparent loans without hidden costs.

How to Apply for a Fig Personal Loan

• Visit the Fig website and select Check your rate
• Enter your basic information for a free rate quote (no credit impact)
• Review your pre-approved personal loan offer and complete the form
• Consent to a final credit check only if you proceed
• Receive your funds as early as one business day after final approval

Pros of a Fig Loan

Among Fig’s strongest points are its no-fee structure and competitive interest rates starting at 8.99%. Checking your rate does not affect your credit, making it easy for applicants to explore options risk-free.

Additionally, the quick and digital process allows borrowers to apply, receive decisions, and access funds all from home—no branch visits required. The chance to win $5,000 monthly adds a unique perk to the experience.

Cons of a Fig Loan

On the other hand, the minimum rate of 8.99% may not be the lowest available in the market, so it may not suit those qualifying for prime rates elsewhere. Additionally, pre-approval does not guarantee final approval, and the $5,000 contest requires receiving a pre-approved offer.

Moreover, Fig operates exclusively online, so those preferring in-person service might find this lack of branch presence limiting.

Verdict: Is Fig the Right Choice?

Fig’s personal loan combines accessibility, clear terms, and added perks like the cash contest. With no fees and fast approval, it’s worth considering for Canadians prioritizing convenience and transparency.