Figure Review

ByMichael GrawFeb. 09, 2021

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In a Nutshell

Figure offers personal loans up to $50,000 with competitive interest rates and fast funding. The application process is entirely online and you can be approved and have cash in your account within 2 business days. Figure requires relatively good credit, but borrowers can enjoy competitive interest rates.


  • Fully online application
  • Get money in as little as 2 business days
  • Autopay discount available


  • Minimum 680 credit score
  • Up to 5% loan origination fee

Figure at a Glance

Direct lender or marketplace?Direct lender
Loan typesPersonal loans
Loan amount$5,000 to $50,000
Repayment terms36-60 months
APR5.99% - 15.00%
Suitable forBorrowers with strong credit

Figure Figure View Rates

Suitable For?

Figure offers low-interest personal loans to borrowers with a 680 credit score or better. Qualified borrowers can get rates ranging from 5.99% - 15.00% APR, which makes Figure a good option for borrowers seeking an unsecured personal loan. Figure also appeals to borrowers who want to apply for a loan entirely online.

Loan Features 

Figure offers unsecured personal loans, home equity lines of credit, and mortgage refinancing.


  • Apply entirely online
  • Customer support available 6 days a week
  • Personal loans available with APRs ranging from 5.99% - 15.00%

The Application Process

Figure’s personal loan application process is entirely online. To get started, just enter basic information about yourself and how much you want to borrow. Figure will run a soft credit check, which doesn’t impact your credit score, and give you a pre-approved loan offer.

If you want to accept your loan offer, you can submit all of your documentation online. The whole application takes around 15 minutes to complete and you can receive funds in your account in as little as 1-2 business days.

There are several requirements to qualify for a loan with Figure. All applicants must have a 680 credit score or higher, and a debt-to-income ratio under 40%. You must also have at least $1,000 in monthly cash flow to qualify for a 3-year term or at least $1,500 in cash flow to qualify for a 5-year term.

Loan Terms 

Figure offers personal loans ranging from $5,000 to $50,000. Depending on your credit score, income, and loan size, you’ll be offered a loan term from 36-60 months and an interest rate between 5.99% - 15.00% APR. If you set up automatic loan repayments from your bank account, Figure offers a 0.25% interest rate discount.

Note that Figure also charges a loan origination fee up to 5% depending on the size of your loan and your state regulations.

Privacy & Security

Figure secures your loan application and personal information with 256-bit AES encryption. The company also offers a privacy policy that details how your information is used.

Help & Support

Figure offers customer support by phone, email, and live chat from 6am-6pm Pacific Time, Monday to Saturday.

Phone: 1-(888)-819-6388


How Figure Compares

5.99% - 15.00%
5.99% - 20.69% (with AutoPay)
Minimum credit scoreGood +
Good +
Loan amount$5,000-$50,000$5,000-$100,000
Loan term36-60 mo.
24-84 mo.
Suitable forFully online applicationLarge personal loans

Figure competes closely with personal loan lenders like SoFi. Both lenders offer a low minimum interest rate and a low minimum loan size. Figure stands out as the only lender that offers an entirely online application. 


Q. Can I choose my loan term?

A. Figure lets you choose a 36-60 months loan term in most cases and shows the interest rate for each term.

Q. Can I get help applying for a loan with Figure?

A. You can call Figure or use live chat 6 days a week to get help applying for a loan.

Q. Does Figure charge an origination fee?

A. Figure charges an origination fee of up to 5%, depending on the size of your loan and your state.

Q. Can I pay off my loan with Figure early?

A. Yes, you can pay off your Figure loan early with no prepayment penalty.


Figure offers personal loans with competitive interest rates and flexible term options. The lender allows you to apply for a loan entirely online and puts funds in your account in as little as 1-2 days. If you need help with your loan, Figure’s customer support team is available 6 days a week.

Physical Address


650 California Street, Suite 2700

San Francisco, CA 94108

Figure Figure View Rates

Figure customer testimonials

ExcellentReviews 1,085
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  • author
    a day ago
    The process was amazingly simple

    The process was amazingly simple! They have truly revolutionized the loan process. I was pre-approved so the process was quick. I would highly recommend them!


  • author
    Andrew Hrinda
    a day ago
    I recently took a loan through Figure

    I recently took a loan through Figure. They were enormously helpful throughout the process. Being a senior citizen businesman I appreciated their making my time count. I plan on using them again if possible to fund my future business needs


  • author
    Mark Fecher
    a day ago
    Great people to deal with

    Every thing went as expected and got done in a reasonable amount of time. Everyone was very helpful, Would use again. Thanks again for all your help.


  • author
    2 days ago
    I had a HELOC with this company and…

    I had a HELOC with this company and after the loan was paid in full they did not close the account. Apparently there was a fee that needed to be paid to the county to close the account, however they never informed me. Totally unacceptable.


  • author
    Bryan Saldarini
    2 days ago
    The process couldn't be any simpler

    The process couldn't be any simpler. I have use them twice over the past few months and it has been a great experience! Highly recommend!!!!