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:
- Get a loan quote
- Find out how much money you could qualify for in minutes – no obligation, no impact to your credit score
- Complete the loan process online or in-branch and have your money as soon as today
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 details | Unsecured personal loan | Secured personal loan |
| Loan amount | $500-$25,000 | $5,000-$50,000 |
| Interest rate | 26.99% to 39.99% | 19.99%-24.49% |
| Term | 6-60 months | 36-120 months |
| Secured | No | Yes |
| Homeownership required | No | Yes |
| Payments | Fixed | Fixed |
| Repayment terms | Bi-weekly, semi-monthly or monthly | Bi-weekly, semi-monthly or monthly |
| Fees | None | Varies by province |
| Prepayment penalties | None | Yes |
| Time to process | < 1 day | 3+ days (varies by location) |
| Guarantee | 14 days | 3 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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