Fig Loans is an alternative to payday lenders and it provides loans of $50 to $1,000 in only eight states. The website also aims to help borrowers by offering a flexible repayment plan to help them build credit.
Sites Like Fig Loans
But as good as this website is, it still has some downsides, it’s still extremely expensive and well within the range of what some other payday lenders charge. If you find yourself not privileged to take advantage of figloans, this article will give you some other loan sites like fig loans. Keep reading til the end of it.
Sites Like Fig loans
Fig Loans is a very good option if you are looking for a payday loan but at the same time trying to build credit. This platform is only available in California, Florida, Illinois, Missouri, New Mexico, Ohio, Texas, and Utah. Here are its advantages and disadvantages
- It is a very good alternative to payday loans
- It helps you build credit
- It is only available for 8 states
- It offers small loan amounts
- High fees
These backdrops or disadvantages are exactly what make it important for you to have alternatives. what if you are not a resident of any if the eligible states.
The Top 5 Competitors which could serve as good alternatives to Fig loans are
These 5 are very good platforms and they grant different varieties of loans.
Even if you are in an emergency or you need cash between paychecks, a cash back loan is a very good option if you cannot access fig loans. Your loan can get to you within a few minutes. with this platform, this loan app works with a limit of $300 according to the regulations of the state of California. All you need to qualify for a loan here is a valid checking account, a steady source of income, a government issues photo id, an active phone number, and a valid email address.
A money tree is another financial institution that can offer you payday loans. These loans are for both business people and customers also. Money tree offers personal loans in small amounts with no prepayment penalties, although these loans can come with very high-interest rates. The money tree can grant you between $50 to $5000. Most times the repayment schedule is based on your payday. So even if you are paid twice a month, you will have to pay according to how you were paid.
Power Finance Texas
If you are looking for a platform that can give you both small-time personal loans and installment loans, then consider power finance. Power finance has come to stand in the gap for people with low credit. you can get an installment loan of between $100 to $1250. All you need is a checking account, a phone number, and a few other simple qualifications.
Ascin is another emergency payday loan site where you can get loans and be funded in an hour. This website connects consumers with reputable online lenders. For consumers whose unforeseen expenses cannot wait, ascin gives an easy application process, fast approval abd same-day money transfer.
With these platforms, you do not need to be worried when you don’t meet the requirements of fig loans. You can even get larger amounts and different loan options.
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