Fig Financial, a digital lending platform developed by Fairstone Bank of Canada, has launched a fully digital personal loan service accessible to Canadians through its website.
Fig Financial's digital loan application process promises loan approvals in 10 seconds and enables users to complete the application in 10 minutes. The online portal allows users to select the loan amount, repayment period, and a suitable repayment schedule.
The new product addresses the challenges associated with traditional loan application processes, such as lengthy paperwork, slow approval times, and stringent eligibility criteria. It aims to provide transparency with no hidden fees, genuine customer service, and accessibility around the clock.
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