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Provider Details

Who is Fairstone Financial?

Fairstone is Canada’s leading non-bank lender of personal loans, helping customers get the money they need at affordable payments that meet their needs and budget. You can borrow up to $35,000 from Fairstone to consolidate debt into one simple monthly payment, cover unexpected expenses or something else altogether. With 235+ locations coast to coast, and 1,000+ knowledgeable Lending Specialists ready to help, you can trust Fairstone with your borrowing needs. Fairstone also partners with Canadian businesses and automobile dealerships to offer quality consumer financing.

Why Choose Fairstone?

  • Your Fairstone Lending Specialist will work one-on-one with you to find you a repayment plan you can afford 
  • Receive your money as soon as today 
  • Homeowners can choose a secured loan (backed by the value of their house) to borrow more money and access lower payments compared to an unsecured loan
  • Not a homeowner? No problem –unsecured loans are still a great option and come with affordable payments that fit your budget 
  • Unsecured loans from Fairstone have no pre-payment penalties 
  • Benefit from a fixed interested rate for the duration of your loan 
  • Get your loan online from the comfort of your own home in select locations  
  • Free, online loan quote that won’t impact your credit score 

Get a Loan Quote in Minutes 

Visit Fairstone.ca to find out how much money you could qualify for, and what your payments might be. No obligation, no impact to your credit score. 

Fairstone FAQs

How is Fairstone different from other lenders?

Fairstone offers personal loans for Canadians with fair to good credit. They offer quick loan solutions, allowing customers to get the money they need, while also offering one-on-one personalized service. 

How do I apply for a Fairstone loan?

Apply for a loan with Fairstone in three steps:
  • Visit Fairstone.ca, enter a few simple details and receive your personalized loan quote in minutes 
  • A Fairstone Lending Specialist will be in touch by phone to discuss your loan offer 
  • Visit your local Fairstone branch to finalize the application, and you could have your money as soon as today
  • What’s the difference between a secured and unsecured loan?

    An unsecured loan is backed by a contract and is suitable for a wide range of customers since homeownership isn’t required. On the other hand, a secured loan is backed by the value of a house. Because of this, there’s greater confidence that the loan will be paid back on time. Therefore, a secured loan offers lower interest rates and lower payments compared to an unsecured loan.
    • Unsecured loan
      • Loan amount: Up to $25,000
      • Interest rate: 26.99%-39.99%
        • 31.99% APR for residents of British Columbia
      • Term: 6-60 months
      • Prepayment penalties: No
      • No homeownership required
    • Secured loan
      • Loan amount: Up to $50,000
      • Interest rate: 19.99%-24.49%
      • Term: 60-120 months
      • Prepayment penalties: Yes
      • Homeownership required 

    What documents do I need to provide for a personal loan? 

    If you’re applying for a personal loan, you’ll need to provide information to verify yourself and your income. This includes:
    • A government-issued ID (ex: driver’s license, Canadian passport)
    • Proof of income (ex: latest pay stubs, latest T4, CPP statement)
    • Rent verification (ex: lease agreement) 

    How much money can I borrow with Fairstone? 

    Fairstone provides unsecured loans up to $25,000 and secured loans up to $35,000. However, how much you qualify for depends on a number of different factors including your income, credit history, and homeownership status. You can find out how much you qualify for by submitting a loan quote.

    Services & Products

    Fairstone Financial Offered Services

    Secured Personal Loan

    Loan Range
    • Up to $50,000
    Interest Rate
    • 19.99% - 24.49%
    Terms (Months)
    • 60-120
     
    Funding Time
    In as little as 24 hours
    Funding Method
    Direct deposit
    Repayment Options
    • Bi-weekly
    • Semi-monthly
    • Monthly payments
    Eligibility
    • Resident of Canada
    • Age of majority in your province
    Requirements & Documents
    • Government-issued ID
    • Rent or mortgage verification
    • Proof of income
      • Current pay stub
      • Latest T4
      • CPP statement
      • 2 Notice of Assessments

    Unsecured Personal Loan

    Loan Range
    • Up to $25,000
    Interest Rate
    • 26.99% – 39.99%
      • 31.99% APR for residents of British Columbia
    Terms (Months)
    • 6 - 60
    Funding Time
    In as soon as 24 hours
    Funding Method
    Direct deposit
    Repayment Options
    • Bi-weekly
    • Semi-monthly
    • Monthly payments
    Eligibility
    • Resident of Canada
    • Age of majority in your province
    Requirements & Documents
    • Government-issued ID Rent or mortgage verification Proof of income
      • Current pay stub
      • Latest T4
      • CPP statement
      • 2 Notice of Assessments

    Reviews

    Reviews & Rating

    See what others have to say about Fairstone Financial

    Fairstone helped us out when no one else would. They have been incredibly tolerant and patient with us through a very difficult transition. There are

    Great service, always willing to help.

    We had the pleasure of having Suzanne from the Spruce Grove branch help us. She is awesome so helpful so friendly goes above to help I would recommend

    I recently dealt with Lorne at the Guelph store. Lorne eased my stress by having me come in 15min later to sign the papers. Everything was approved qu

    Have you had any experience with this provider? Let others know!


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