Fig does not charge a penalty for repaying your loan early. In fact, sometimes you may even qualify for a discount on your loan depending on how early you repay your loan.
*Important Notes*
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Payments are locked in for processing by 3pm CT the business day before the scheduled payment. Processing payments will NOT show in the full payoff amount. You will see a warning message right above the 'Submit payment' button if there is a processing payment.
- Example: If you have a scheduled payment on Monday, November 10th, 2025 and you make a full payoff amount on Sunday November 9th, 2025, both the Monday November 10th payment and the early repayment will be processed.
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Warning message:
- We will NOT be pulling a full payoff if you have autopay turned off. If you schedule a full payoff online for a later date, please reach out to our customer support (via email at service@figloans.com) to ensure it is automatically withdrawn and from the correct account.
- You can always reach out to our customer support team to schedule a full payoff.
Here are the steps below on how to make a full payoff online:
1. Click on “FULL PAYOFF” to pay off your current balance. The ‘i’ icon next to ‘Current Balance’ explains what the amount means.
2. You will be able to choose to pay off your loan today or a later date. Selecting 'TODAY' will take you to another page to complete your payment submission.
NOTE: Payments submitted today with a bank account will be applied to your loan on the next business day while payments submitted today with a debit card will be applied immediately.
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Select ‘TODAY’:
- You will be able to select your payment method and the loan balance will already be selected. IMPORTANT: Choosing another payment amount will not be the same as paying off your loan in full.
Click ‘Submit’ to initiate that full payoff into processing
- You will be able to select your payment method and the loan balance will already be selected. IMPORTANT: Choosing another payment amount will not be the same as paying off your loan in full.
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Select ‘LATER DATE’
- Choosing this option will schedule a full payoff for future date to be automatically withdrawn from your bank account on file. Click on ‘CONFIRM’ to take you to a screen to confirm your payment details.
- Click on ‘Submit’ to schedule your full payoff. A screen will pop up that says 'Success’. Your account homepage will show the full payoff date and amount shown under ‘Next Payment’.
Your account homepage will show the full payoff date and amount shown under ‘Next Payment’.
Reminder: The full payoff will automatically withdraw from your bank account on file, only if autopay is on. We will NOT be pulling that full payoff if autopay is turned off.
- Choosing this option will schedule a full payoff for future date to be automatically withdrawn from your bank account on file. Click on ‘CONFIRM’ to take you to a screen to confirm your payment details.