About Fairstone Financial

Fairstone is Canada’s leading non-bank lender, with roots in Canada since 1923. With over 240 branches coast to coast, Fairstone offers secured and unsecured personal loans from $500-$60,000, 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

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

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 $60,000 – 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

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

Fairstone Financial Products

Secured Personal Loan

Loan Amount

• $5,000-$60,000

Rates & Term Length

• Interest Rate: 19.99% – 25.99% APR
• Payment Schedule: 60 – 120 months

Service Details

• Loan Processing Time: Up to 3 days
• Money Transfer Method: Direct deposit
• Repayment Method: Automatic debit

Eligibility

• Resident of Canada
• Age of majority in your province
• Must have security (Homeowners) 

Required Documentation

• Government-issued ID
• Rent or mortgage verification
• Proof of income

Unsecured Personal Loan

Loan Amount

• $500-$25,000

Rates & Term Length

• Interest Rate: 26.99% – 39.99% APR
• Payment Schedule: 6 – 60 months

Service Details

• Loan Processing Time: Under 24 hours
• Money Transfer Method: Direct Deposit
• Repayment Method: Automatic debit

Eligibility

• Resident of Canada
• Age of majority in your province
• Must have security (Homeowners) 

Required Documentation

• Government-issued ID
• Rent or mortgage verification
• Proof of income