Loans Similar To Fig Loans. Fig Loans is a great alternative to payday loans. It is a lending company with the commitment to helping people with personal loans for immediate needs. They are quick to respond in cases like urgent repairs, car break down, or any other unforeseen circumstances that require urgent cash. With Fig Loans you can increase your credit score by providing loans that help in building up your credit history.
They do not need your credit score before approving your loan, so if you are trying to build a good credit score to purchase, for example, a car or a house, and medical bills, Fig loans are a good place to start. Even though Fig Loans is a great option, there are other loans similar to Fig loans that you would be great options too, and in this article, we will be looking at below.
1. Moneytree
If you need a loan that does not demand high fees or collect prepayment charges, then Moneytree is a great option. Just like Fig loans, you can borrow little amounts enough to cover financial emergencies like home repairs, medical bills, and any other home expenses.
Moneytree can be found in only four states Idaho, Nevada, and Colorado. Fortunately, this loan has diverse payment options to choose from. Customers can borrow between $50 to $5,000 in Nevada. By using a three-digit APR specific to each state, you can apply for a loan at your state’s local branch or you can do it online.
Moneytree does not require your credit history to approve a loan. If you want to apply, you will be required to bring personal documents like ID, checking account data, Address, Phone number, and proof of income.
Once all your information can be confirmed by the lending authorities and there is no trace of criminality associated with you, your loan will be approved in the next three business days
2. Power Finance Texas Loans
This is one of the best loan options you can find in the country currently. They have various branches located across major cities like Houston, Dallas, El Paso, etc.
Applications can be done whether at branch locations or online. You can obtain loans for different purposes like unexpected house repairs, car repairs, family expenses, medical bills, etc. Power Finance Loans is always considerate enough to offer the financial help needed and loans are disbursed within 24 hours.
Their loan offers range between $300 – $1,250. Unlike other loans, Power Finance does not require you to set up a direct deposit and customers who use checks can apply and get loans approved too. They also run a referral program where you can earn $50 when you refer someone to Power Finance Texas Loans.
3. Altruu Credit Union
Another alternative to fig Loans that applicants can consider is Altru Credit Union. Founded in the year 1968 in Wentzville MO and is available in all the states in the US. Altruu does more charge for balance transfers and accepts applications with all credit scores but the minimum and maximum score amount should be between 600-800
To qualify for a loan with Altru, you must be 18 years and above. You will be required to submit basic requirements like ID, address, contact number, citizenship, and banking data. You will also provide proof that you are employed or have a source of income. Altru also provides different covers for customers such as Fraud Liability Cover, Theft Protection, Insurance Savings, and Auto Rental Collision.
4. Upgrade
Upgrade personal loans operate in most states in the US apart from states like Washington, D.C., Lowa, and West Virginia. Customers can get loans from a range of between $1,000 – $50,000. Funds are available to be disbursed to cover all kinds of needs ranging from home maintenance to debt consolidation loans. Upgrade loans come with origination fees ranging between 1.85% – 8.99%.
Although loan limits vary from one city to the other. For example, the minimum loan amount for Georgia is $3,005 while the minimum loan amount for Massachusetts is $6,400. Loan repayment plan ranges depending range from 48 hours to seven years, or between 24 to 84 months. Upgrade approves loans with an APR of 8.49% – 35. 97%.
If you register for automatic payment, you will receive a discount, there is no disclosed amount but you are getting 0.5% off the APR percentage. In case where you can’t meet up with your payment deadline, you can request a date extension. There is no penalty for early repayment, meaning that even if you get the money to pay back beforehand, you can pay without paying any extra cost
The upgrade also provides services like credit health, credit monitoring, checking accounts, and educational tools. Borrowers can manage and follow up on their loans and also make payments using the loan mobile app available on both Android and iOS devices. Upgrade does not ask borrowers to pay any fee before giving out loans, so beware of any site doing such, it’s not Upgrade loan company rather report such company as a scam
5. Oppo Loans
OppLoans operates in different states across the country apart from a selected few states such as Maryland, Lowa, Massachusetts, New York, Carolina, New Jersey, etc. Whether you already have bad credit or you need a quick loan for your needs, OppLoans have you covered plus they don’t charge high interest like payday loans which is a good alternative. Although you will be paying a slightly higher interest rate compared to what traditional loans charge.
One edge Oppo has is that they help to improve your credit by ensuring they report your payment to the credit bureaus. This means that whenever you pay your money on time, it will reflect that you have made your payment thereby helping to increase your credit history. The available able loan amount OppLoans offers is between $500 to $4,000 and this varies from state to state, credit history, and so on. APR is between 59% – 160% and loan duration is between 6- 18 months.
OppoLoans does not include origination fees and also does not charge extra for late payments or prepayment fees. To get loans approved on OppoLoans, there is no minimum credit score which makes it a great option if you have bad credit because OppLoans will consider other factors instead to approve your loan. As far as you can prove you have a source of income or you have a job or you earn from a pension, they will consider your loan application
Conclusion
Fig Loans come in very handy when you have an emergency expense for personal purposes. Fig is a great option if you are looking for a credit-builder loan that you can use to increase your credit score. Even with bad credit or no credit, you can get a loan approval.
However, If the Fig loan is not what you want, you can try other great options too like Moneytree, Oppo Loans, Power Finance Loans, Upgrade, and Altruu Credit Union. These are all Loans like Fig Loans that are great options you can choose.
