Fairstone Reviews, Ratings And Fees


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About Fairstone


With over 240 branches coast to coast, Fairstone offers secured and unsecured personal loans from $500-$50,000, designed to suit today’s borrowing needs. A personal loan from Fairstone can give you the money you need with affordable payments that fit your budget.

What can I use a personal loan from Fairstone for?

  • Consolidate debt and bills into one manageable monthly payment
  • Cover emergencies and unexpected expenses
  • Manage home or auto repairs
  • Plan ahead for special events like a wedding, travel or a new baby

Why Canadians choose Fairstone:

  • A quick and secure loan application online or at 240+ branches
  • Flexible payment options – choose from a variety of payment frequencies to suit your needs and budget
  • Unsecured personal loans, secured personal loans and mortgages, so you can find the loan that suits you
  • One-on-one local service from Fairstone’s knowledgeable Lending Specialists
  • Almost 100 years of Canadian lending experience

Get a loan quote
Getting a loan from Fairstone is quick, simple and secure.

Apply for a loan in 3 steps:

  1. Get a loan quote
  2. Find out how much money you could qualify for in minutes – no obligation, no impact to your credit score
  3. Complete the loan process online or in-branch and have your money as soon as today

Get a loan quote

Fairstone FAQs

What makes Fairstone different from other lenders?

With almost 100 years of lending experience in Canada and a 98.7% customer satisfaction rate*, you can feel confident you’re borrowing from a responsible lender. Whether you get a loan online or in branch, you’ll receive one-on-one service from a knowledgeable Fairstone Lending Specialist.

What’s the difference between a secured vs. unsecured loan?

A secured personal loan is backed by an asset, typically your house, giving your lender greater confidence that you’ll make loan payments on time. As a result, secured personal loans typically offer lower interest rates. At Fairstone, homeowners can also borrow more money – up to $50,000 – and choose a longer loan term with a secured personal loan.

An unsecured personal loan is backed by a written agreement or contract. At Fairstone, renters and homeowners can borrow up to $20,000 with an unsecured personal loan. No homeownership is required to take out an unsecured personal loan and there are no pre-payment penalties.

Compare Fairstone loan products to find out which one is right for you

Product detailsUnsecured personal loanSecured personal loan
Loan amount$500-$25,000$5,000-$50,000
Interest rate26.99% to 39.99%19.99%-23.99%
Term6-60 months36-120 months
Homeownership requiredNoYes
Repayment termsBi-weekly, semi-monthly or monthlyBi-weekly, semi-monthly or monthly
FeesNoneVaries by province
Prepayment penaltiesNoneYes
Time to process< 1 day3+ days (varies by location)
Guarantee14 days3 days

What documents are required for a personal loan?

To complete your loan, you’ll need to verify your personal identification, employment and income, and housing information, including:

  • Personal identification (E.g., valid Canadian driver’s license or Canadian passport)
  • Employment and income verification (E.g., current pay stub, T4/T4a, CPP statement, notice of assessment)
  • Mortgage or rent verification

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