Figure offers loans with a far lower maximum loan amount but potential longer terms and lower rates. While the rates are lower, they are obviously more designed for offering a debt consolidation solution rather than a basic personal loan. However, Figure also requires a FICO score of 680
or more, so you will still need good credit. Figure also requires that applicants have a debt to income ratio of 40% or less. If you’re looking for debt consolidation, Figure is a solid option, but if you’re looking for a loan for another purpose, SoFi is a more flexible option.