Who gets approved for a Fig Loan?

Fig is so strongly committed to helping our customers achieve financial stability that we will only approve customers if we can be sure that you can sustainably afford our loan. Our underwriting is a mix of machine and human, and the exact way we underwrite is our secret sauce.

Here are some tips that will help you to have a successful application and in turn improve your chances of approval:

  • Choose your primary bank account that shows the most income deposits and transactions and has at least 3 months of history. Because we use your bank account history to make decisions, we need an account with enough history!
  • We like to see consistent income deposits, and total income of $1400 or more monthly
  • A lot of NSF fees and returned checks lower our underwriters' confidence
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