Can I increase my loan or take a second loan?

Modified on Thu, 18 Apr 2024 at 06:21 PM

At Fig, we understand that financial needs can change over time and you may be looking to increase your borrowed amount. Fig does not currently offer the ability to increase the amount of funds for your existing loan or offer an second loan to increase the total amount borrowed.

When you apply for your Fig loan, a personalized offer is crafted based on your credit profile to ensure responsible lending practices. These offers are tailored to best fit your financial situation and aim to provide manageable monthly payments. Much like an existing loan, we are unable to modify the personalized offer that has been created specifically for you.

Can I pay off my loan and apply for a new loan?

As Fig's application process is entirely automated, we are unable to guarantee that an offer for a new loan will be higher or the same as your existing contract. We recommend against paying off your loan for the express purpose of applying for a new loan in a higher amount. 

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