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Fairstone is a leading provider of responsible lending solutions, with a nearly 100-year legacy in Canada. As an operating subsidiary of Fairstone Bank of Canada, Fairstone offers unsecured personal loans and secured personal loans to near-prime customers online and in 250 branches coast to coast.
This company is well known for their involvement in local neighborhoods where they encourage volunteerism among their employees, teach younger generations the importance of good money management and support local causes that focus on empowering women and helping them reach their full potential.
Fairstone offers a wide range of different services to both private customers and businesses and has locations that span from one side of the country to the other.
There are many different features and benefits that Fairstone has to offer that sets them apart from other competitors in the financial loan sector. Some of the key features of this company include:
No matter what type of financial assistance you are seeking, Fairstone has something to offer everyone.
Loans
Fairstone offers both secured and unsecured personal loans in amounts ranging from $500 to $50,000.
Mortgages
Home equity loans and mortgage refinancing is also available in amounts up to $400,000 on the first mortgage and up to $125,000 on the second mortgage.
Purchase financing
If you are considering making a consumer purchase that requires financing, Fairstone works closely with a large network of retailers throughout the country and offers purchasing financing. Obtaining this financing consists of an easy and quick approval process.
Debt Consolidation
If you have debt from multiple lenders, Fairstone offers a simple debt consolidation loan program that will make paying down your debt an easier process. Debt Consolidation is available in amounts from $500 to $35,000 and gives you the simplicity of having only one monthly debt payment.
While Fairstone offers a wide variety of different financial services to the general public, it also offers financial solutions to its retail partners as well. If you own a small business, Fairstone can assist with:
Offering your customers an easy financing solution will allow them to make the bigger purchases that they require and gives your business a simple way to meet their needs. With Fairstone’s online financing application, your customers can get quick and easy approval, leaving your sales team more time to focus on the business. Fairstone provides customizable financing plans and dedicated support.
At Fairstone, there is a long list of different purposes that customers seek out their loan services. Loans can be used for debt consolidation, home renovations, emergency funds, travel, healthcare, weddings, or vet bills. The list of uses is endless.
Yes. Fairstone offers personal loans in 250 branches across Canada, in every province and territory except Nunavut.
Yes. Fairstone offers the convenience of obtaining a loan quote online and applying for a loan by meeting with your lending specialist either online or in person, whichever is most convenient for you.
In order to apply for a loan through Fairstone, you will need to provide your personal identification, employment and income information, and information on your housing situation.
Fairstone offers an interest rate starting at 19.99% on secured personal loans and 26.99% on unsecured loans
Interest rates are subject to change. Actual Annual Percentage Rate (APR) varies based on the province of residence and individual factors like credit details and loan amount. The interest rate on an unsecured personal loan is 31.99% in BC, 31.99% in MB, and 34.99% in QC.
A secured loan offers more security to the lender as it is backed by a large asset such as a home. These loans offer more flexibility with interest rates and term length.
An unsecured loan is only secured by a written contract and therefore are riskier for the lender. These loans usually have higher interest rates and less flexibility over all.
The length of time that a loan can be borrowed from Fairstone ranges in time from six months to 10 years, depending on the type of loan that you require.
