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Fig Loans Personal Loans Review 2022 – Forbes Advisor

Fig Loans is an expensive option. The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Fig Loans compares to other lenders.

Fig Loans vs. Personify Financial

Personify Financial is more widely available, with loan options in 26 states versus eight states with Fig Loans. It also offers a wider range of products. Details vary by state, but you can expect to borrow between $500 and $15,000 in most states, with terms of one to four years. While rates start at a much more affordable place (around 19% for most states), the high end of its rates are just as unaffordable as Fig Loans.

Related: Personify Financial Personal Loans Review

Fig Loans vs OppLoans

You can potentially borrow more with OppLoans, with borrowing limits ranging from $500 to $4,000, depending on your state. These are also longer-term loans, with tenors of nine to 18 months. Interest rates are still considered expensive, with rates ranging from 59% to 199%, depending on your state.

Related: OppLoans Personal Loans Review

Fig Loans vs Upgrade

The upgrade is much more affordable than Fig Loans, with rates ranging from around 6% to 36%, almost five times less than Fig Loans, even at the high end. However, unlike Fig Loans, which focuses on loans similar to payday loans, Upgrade is designed for people who need to borrow larger sums, from $1,000 to $50,000.

Related: Personal Loans Review Upgrade