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Borrowing

Digital Loans

Personal loans with Fig

Alterna is proud to partner with Fig to offer personal installment loans with a completely digital experience.

As a subsidiary of Fairstone Bank, they have over 100 years of lending experience.

Benefits of a Fig personal loan

Instant pre-qualified loan offer

Quick and seamless experience

Flexibility

Consolidation loans

Convenience

Is a Fig loan right for you?

  • Loans range from $2,000- $30,000
  • Term from 24-60 months
  • APRs range from 12.99% to 20%

Fig personal loans are funded by Fig exclusively and not issued by Alterna Savings. You can easily access in online banking under Products & Services.

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Frequently Asked Questions

You've got questions.

We've got answers.

Frequently Asked Questions

Fig is a Canadian FinTech that offers borrowers access to credit by partnering with existing lenders. Fig loans range from $2,000 to $30,000 with 24 - 60-month terms. APRs range from 12.99% to 20% and will depend on Fig's assessment of the borrower's credit profile.

Members with personal accounts with Alterna can apply for a Fig loan. Business and commercial loans are not available through Fig. Please note that these loans are unavailable for Alterna Bank customers or Alterna Savings members who live in Yukon, the Northwest Territories or Nunavut.

Members can apply for a Fig loan directly through Alterna's online banking platform. Log in and navigate to Products & Services > Apply for a loan.

Please note the loan application is not available through the Alterna mobile app.

No. Fig is a referral partner of Alterna. If a member enters a loan agreement with Fig, that loan will be held by Fig, not by Alterna.

Alterna loans and Lines of Credit may have lower rates than Fig loans. Additionally, Alterna offers a wider range of loan products, such as small business and commercial loans.

Fig is a separate organization from Alterna and offers personal loans. Their fully digital lending platform makes it easy for Alterna members to see the loan rate, amount, and term they are eligible for right in Alterna's online banking platform on their personal devices.

Questions about Fig lending rates should be directed to the Fig Help Centre.

No. You can access your Fig loan information on Fig's digital platform. The loan will not appear in your Alterna banking statement or Alterna's online or mobile banking.

Fig does not share its lending criteria with partners. Members who have questions about Fig's lending criteria should contact the Fig Help Centre.

Any questions about the Fig loan application process should be directed to the Fig Help Centre https://Fig-support.freshdesk.com/support/tickets/newt

Any questions about the Fig loan application process should be directed to the Fig Help Centre.

Yes. These payments would be set up like any external account transfer or bill payment. If you need help setting up a payment, our Contact Centre or Branch Teams can help.

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Creditor Insurance
Protect your loved ones and gain peace of mind. Our payment protection† benefit ensures your financial obligations will be met if you experience disability, critical illness or job loss, or in the event of your death.

Creditor insurance is available for the following products in the event of death, disability, and critical illness:

  • Mortgages
  • Personal loans
  • Lines of Credit

Furthermore, creditor insurance is also available for the following products in the event of job loss:

  • Mortgages
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Call Us 1.877.560.0100

Call Us 1.877.560.0100

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†Payment Protection Legal Disclaimer:
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.


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