How do I make a manual payment?

Want to make an early payment or a lump sum payment? Your Fig loan is an open loan, which means that you can choose to pay any amount towards your balance at anytime. If you choose to pay off your loan early, we don't charge any early repayment fees or penalties and it can all be completed in just a few simple clicks.

1. Login via my.fig.ca with email and password

2. Click View Details under the loan you’d like to submit a manual payment for

3. Under the Summary section, click Make a Payment
   
   
   

4. From here, you'll have three options; "Pay my overdue amount", "Pay a different amount" or "Pay the remaining balance of my loan"

5. Click Submit when you're ready

6. Your payment has been submitted! You should see this payment reflected under the History section within your self-service portal

Note, if you are set up for auto-pay, your regularly scheduled payment will still be processed as scheduled. 

Manually submitted payments are applied to your total balance in the order of interest accumulated from your last payment until your manual payment date, and then to your principal. Depending on your payment frequency and loan amount, the amount applied to interest could be quite small, effectively reducing your principal balance and shortening your loan term.

Note: making a manual payment is considered to be an additional payment and does not replace your regular scheduled monthly payment.