In a Nutshell
- 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 types||Personal loans|
|Loan amount||$5,000 to $50,000|
|Repayment terms||36-60 months|
|APR||5.99% - 15.00%|
|Suitable for||Borrowers with strong credit|
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.
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.
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
Help & Support
Figure offers customer support by phone, email, and live chat from 6am-6pm Pacific Time, Monday to Saturday.
How Figure Compares
|5.99% - 15.00%||5.99% - 18.85% (with AutoPay)|
|Minimum credit score||Good +||Good +|
|Loan term||36-60 mo.||24-84 mo.|
|Suitable for||Fully online application||Large 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.
650 California Street, Suite 2700
San Francisco, CA 94108