What fees does Fig charge?

Modified on Thu, 02 Nov 2023 at 02:43 PM

There are no hidden or monthly fees associated with using Fig. Your payments contribute to paying back the principal balance (the amount borrowed), and paying off the interest that has accumulated. The interest accumulated is dependent on the amount outstanding. 

Fig may charge a non-sufficient funds fee (NSF) of $45, depending on your province, if a payment has failed. To prevent NSF fees from sneaking up on you, we send payment reminder notifications before a payment is due, as well as notifications in case a payment fails. 

Fig also provides a 3 day grace period where we will waive that NSF fee if you pay that failed payment within 3 days. If the payment is not repaid within 3 days, the NSF fee will be added to your next scheduled payment.

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