How Do I Apply for a Fig Loan?

Applying for a Fig loan is quick and easy, and can be completed entirely online in just a few minutes. Our two-step process is designed to give you a personalized loan offer based on your financial profile, with no impact on your credit score during the first stage.

Step 1: Pre-Qualification

In the first step, you'll provide some basic personal and financial information, including your income and employment details.

• We’ll run a soft credit inquiry to assess your eligibility. This does not impact your credit score.
• Based on this, we’ll present a pre-qualified loan offer that includes the loan amount and interest rate you’re eligible for.
• Your offer is valid for 7-14 days and will not change as you move through the application process.

Step 2: Apply for Your Loan

Once you’ve reviewed and accepted your pre-qualified offer, you’ll move on to the full application where you will:

• Verify your identity using a Canadian government-issued ID
• Connect your primary bank account to confirm your financial information and identity
• Choose your preferred loan amount, loan repayment term, and payment frequency
• If you submit your application and it is approved, we’ll perform a hard credit inquiry, which may impact your credit score.

Note: If your application is not approved, no hard credit inquiry will be made.

What Determines My Loan Offer?

Your offer is tailored to your specific profile based on:

• Your credit profile (via the soft credit inquiry)
• Your income and employment status
• The information you provide in your application form

What You’ll Need to Apply

To apply, please have the following ready:

• A valid Canadian government-issued photo ID
• A primary personal Canadian bank account (not a business account) under your name, which receives your income

For details on how we securely verify your banking information, you can refer to this article: Link Your Bank Account With Flinks

Ready to Apply for a Fig Loan?

Click here to start your Fig loan application. Once you fill out the required fields and submit the application form, your personalized loan offer will be generated in less than 10 seconds.

Need Help?

If you’re having trouble or have questions about the process, contact us anytime at support@fig.ca and we’ll be happy to help!