Figure also offers personal loans that are quick and easy to apply for. In this review, we’ll take a look at the basic info on Figure personal loans, including the pros and cons of using this product , additional fees and requirements, as well as the overall loan process.

Figure Personal Loan Info

For starters, Figure offers fixed rate loans with low APRs and multiple fixed term options . The minimum credit score you need to have in order to qualify for their personal loan is 640. The good news is that Figure personal loans are available in all states except for Mississippi. With such wide coverage, Figure is able to serve thousands of people who meet their simple requirements.

Figure Personal Loan Requirements

When it comes to personal loan requirements, Figure only accepts applicants with credit scores of 640 and above. On top of that, your debt to income ratio or DTI must be lower than 50% (excluding housing expenses) and your payment to income ratio or PTI must not be higher than 20%.

You must also have a valid U.S. issued ID.

Pros & Cons

  • Quick and easy online application
  • Low APRs
  • Access up to $50,0001
  • Next day funding available
  • There are no early repayment fees
  • There’s an origination fee
  • Loans are not available to unemployed people

Main Loan Features

The maximum amount of money Figure Personal Loan can lend is $50,0001. However, your personal loan maximum will depend on certain data such as your credit score and debt to income ratio. The minimum loan amount is $5,000. These amounts will also depend on the state you’re located in so you’ll have to apply for a quote to get the exact offer from Figure.

What’s great about Figure’s personal loans is that they can be approved in minutes. with next day funding available2, which puts Figure way ahead of the competition when it comes to speed of delivery.

Figure has a very attractive feature that allows applicants to get a discount on their interest rates by using automated monthly payments. Namely, if you link your bank account with Figure to pay your monthly payments automatically, you can save as much as 0.25% off your interest rate.

Rates & Fees

One of the pros of Figure’s personal loans is that they don’t come with prepayment penalties. Hence, if you decide to pay the loan off earlier than your agreed term, you won’t have to compensate for this action with additional fees. Figure’s only fee involved with this loan is the origination fee that ranges between 0% and 5%, depending on the state you’re in.

Loan Process

Applying for a Figure loan is actually quite simple and it can be done entirely online. The first step is to get prequalified on Figure’s website to get an estimate on the loan amount, APR, and repayment term.

You’ll have to provide basic documentation such as a government-issued ID and your income info, along with your name, address, and date of birth. Figure will then perform a credit check to ensure your information aligns with your financial history. Once approved, you will receive the money within one to two business days.

Repay Requirement

The Figure personal loan repayment process includes making your monthly payments on time, following the given interest rates. As mentioned, you can save up to 0.25% on your interest rate if you link your bank account with Figure for automated monthly payments.

Customer Support

Another benefit of opting for Figure’s financial services is that they have a great customer support system set up. If you can’t find the answer to your question on their detailed FAQ page, you can call their active loan support at 888-527-1950 or send an email to Check their website for other support numbers.

Bottom Line

Overall, Figure’s personal loan is a great option for employed applicants looking for a quick cash solution. As long as you meet their credit score and DTI requirements, you should be able to access your borrowed money within a few days.

Westwin is a Figure partner and may receive compensation for this content.

Figure Lending LLC dba Figure. 15720 Brixham Hill Avenue, Suite 300, Charlotte, NC 28277. (888) 819-6388. NMLS ID 1717824. For licensing information go to

Equal Opportunity Lender.

Figure Personal Loan is available in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY with more states to come.

1 Figure’s Personal Loan amounts range from a minimum of $5,000 to a maximum of $50,000. You may not be eligible for our maximum amount, as minimum and maximum loan amounts vary depending on the state in which you reside and your credit profile.

2 Next Day Funding requires the application to be approved and documents signed prior to 4PM PST, 7PM EST. Please check with your institution to ensure funds availability before attempting to access the funds.

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The information shared through this website is based on our team’s personal judgements and views. We use our own comparisons to assign values, which are not intended to reflect a certain benchmark of precision. To keep our website free for use, we accept referral fees from various service providers, which have the potential to influence their respective appointed scores. A third party’s participation on is not an indication of endorsement. The information and vendors which appear on this site is subject to change at any time.The site does not include all companies offering loan products or all available loan offers.

Jessica Cotzin

Jessica Cotzin

Jessica Cotzin is our resident small business and personal loans whiz. She is a skilled writer with a bachelor’s in journalism from Florida Atlantic University, providing information to her readers on the loans industry and personal finance.

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