Who gets approved for a Fig Loan?

We are strongly committed to help our customers achieve financial stability. We approve loans only when we're confident the borrower can sustainably afford it. Our underwriting is a mix of machine and human, and the exact way we underwrite is our secret sauce.

Here are some tips to have a successful application and improve your chances of approval:

  • Apply with the bank account where your income is deposited and used for greater than 60 days. 
  • We like to see consistent income deposits (at least $1,400 in monthly direct deposits)
  • Bank account has a positive balance at the time of application
  • A lot of NSF fees and returned checks lower our underwriters' confidence
Was this article helpful?
13 out of 22 found this helpful