Best Loans Like Fig Loans in in 2026
Discover Fig Loans' unique way to boost credit scores while offering payday loan alternatives with flexible repayment terms.
Writer: Ashley Fricker
Editor: Lillian Guevara-Castro
Reviewer: Danielle Spurlin
Disclosure: When you apply through links on our site, we often earn referral fees from partners. For more info, see our ad disclosure and review policy.
Let it be known that we like Fig Loans. We had the opportunity to interview them and appreciate what they have to offer, which is a payday loan alternative that lets you repay your balance over a few months rather than weeks.
That said, its installment loans are only available in seven states, and the maximum available loan amount currently available is $500. If you live in one of the 43 states Fig doesn’t yet service, we present the following loan alternatives that may better suit your needs.
Best Loans Like Fig Loans
Check out these lender networks that work with direct lenders like Fig Loans. By filling out a quick loan request form, you can discover the loan options available to you. These lenders provide a variety of loans, from substantial installment loans to small short-term personal loans.
Be sure to carefully compare each loan offer so you can choose the best interest rate and repayment term for your budget. There’s no obligation to accept any loan offer you receive, and submitting a loan request is free.
 | Our Rating |
- Personal loans from $500 to $35,000
- All credit types are considered and welcome
- Simple, no credit impact form
- Helping consumers since 2001
- 4.7 out of 5 Trustpilot rating with 2,000+ reviews
| Loan Amount | $500 to $35,000 |
| Interest Rate | 5.99% – 35.99% |
| Loan Term | 60 Days to 72 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
2. MoneyMutual
 | Our Rating |
- Short-term loans up to $5,000
- Online marketplace of lenders
- Funds available in as few as 24 hours
- Simple online form takes less than 5 minutes
- Trusted by more than 2 million customers
| Loan Amount | Up to $5,000 |
| Interest Rate | Varies |
| Loan Term | Varies |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
 | Our Rating |
- Personal loans from $100 to $20,000
- Receive an approval decision in as little as 2 minutes
- Funds can be deposited into your account in one business day and used for any purpose
- No hidden fees
| Loan Amount | $100 to $20,000 |
| Interest Rate | Varies |
| Loan Term | Varies |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
 | Our Rating |
- Personal loans of up to $50,000
- All credit types welcome
- Receive funds in as little as 24 hours
- Fast approval decision
- Safe and secure application
| Loan Amount | Up to $50,000 |
| Interest Rate | As low as 6.40% |
| Loan Term | Varies |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
5. Avant
 | Our Rating |
- Personal loans of $2,000 to $35,000
- Compare rates in 2 minutes without affecting your credit
- Best for low origination fees for bad credit
- 550 minimum credit score required
- Powered by Credible
| Loan Amount | $2,000 to $35,000 |
| Interest Rate | 9.95% – 35.99% |
| Loan Term | 12 to 60 Months |
| Loan Example | Representative example |
| Our Expert Review | 4.8/5.0 (see review) |
Unlike Fig Loans, these companies work in most states and offer higher loan amounts. There’s no minimum credit score requirement to apply for a loan from any of the lending networks. But only applicants with fair or good credit will qualify for a large personal loan.
There are no restrictions on how you spend your money, and loans are usually available in your bank account by the next business day. Not all lenders report payments to the bureaus like Fig Loans does, so if that’s important to you, ask the lender whether that’s an option.
What Is Fig Loans?
Fig Loans is a direct lender that offers emergency loans in the following states: California, Florida, Illinois, Missouri, Ohio, Texas, and Utah.
You can obtain small loans here that are repaid over four to six months. What’s fantastic is that your timely payments are reported to the three major credit bureaus — Equifax, Experian, and TransUnion — which can give your credit score a boost.
If you can’t repay your loan within the allotted time, you can extend your loan term without any additional interest or fees — something unheard of in the payday lending industry.
Fig Loans says its loans are best suited for people who need to cover an unexpected expense and want to avoid predatory payday loans.
How Much Can I Borrow From Fig Loans?
Loan amounts vary between $50 and $500, and the exact figure you can borrow depends on where you live. For example, in California, you can borrow between $50 and $150, whereas in Texas, the range is $300 to $500.
California: $50 – $500
Florida: $300 – $500
Illinois: $50 – $100
Missouri: $300 – $500
Ohio: $200 – $300
Texas: $300 – $500
Utah: $300 – $500
The interest rate you pay also depends on where you live:
California: 211.00%
Florida: 208.56%
Illinois: 35.99% (Loan amounts are capped at $100)
Missouri: 199.00%
Ohio: 199.00%
Texas: 199.00%
Utah: 199.00%
There’s a disclaimer on the Fig Loans website that says, “Advertised APRs are exemplary and may change based on application quality.” We can’t say for sure what other APRs would look like under Fig’s underwriting standards.
The available loan amounts might feel a bit tight depending on your needs. Except for Illinois, the average loan APR is around 200%, which is significantly higher than the 36% APR cap for typical personal loans.
What Credit Score Do You Need For a Fig Loan?
There’s no minimum credit score needed to apply for a personal installment loan from Fig Loans. Fig Loans assures it won’t do a hard credit check during your application. However, you must have a steady income to qualify, and they’ll ask you to link your bank account to better evaluate your application.
These are the things Fig Loans says it looks for when evaluating applications:
- Personal info
- Bank account balance
- Income
- Consistency of deposits
- Number of returned checks or insufficient funds fees
- Number of open loans with other lenders
- Amounts of open loans
- Previous history with Fig Loans
- Active military status or a family member
- State regulations
- Identity check with Clarity Services
If you are denied, Fig Loans will send you an email that details the reason(s) you were denied for a loan. But poor credit alone shouldn’t be a barrier to loan approval.
How Quickly Can You Get a Fig Loan?
The Fig Loans website mentions, “Applications are reviewed daily, and funds are often deposited by the next business day.” Interestingly, they also offer instant cash deposits upon approval:
“Loans funded to debit cards are deposited instantly. ACH deposits may take several days.”
Keep in mind that if a deposit takes several days to clear, it’s not due to Fig Loans, but rather your bank’s processing time. So, if you apply early and provide your debit card details for the deposit, there’s a chance you could receive your loan that same day.
Get the Loan You Need From a Reputable Lender
If you’re in one of the seven states Fig Loans serves and need a small personal installment loan to repay over several months, applying might be worthwhile. While Fig’s interest rates can be high, they’re generally not as steep as payday loans, and you’ll appreciate the lack of hidden fees.
If you don’t reside in a state where Fig operates or need more funds than they provide, the lending networks we recommend could help you obtain a quick cash loan, possibly as soon as the next business day. You may qualify for a fast cash advance to repay with your next paycheck or an installment loan with manageable monthly payments.
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