Fairstone Review

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:

  • Wide variety of different services – Fairstone offers a wide variety of different loan types, different payment option plans, and solutions for both consumer and business needs.
  • Services to meet the needs of both consumers and local businesses – Fairstone is unique in that it offers specific services for both the individuals and the small businesses that help to make up the communities that they work in.
  • Customizable Loan Plans – Fairstone offers personalizable loan amounts and payment schedules that will meet your exact needs and fit perfectly into your budget and lifestyle.
  • Easily Accessible – With over 250 branches throughout Canada and online lending options available, obtaining a loan through Fairstone is a quick and easy process.
  • Access to a Lending Specialist – When it comes to your financial needs, its always best to consult an expert. When applying for a loan, Fairstone connects you to one of their well-trained lending specialists who will help you personalize your loan to ensure that all of your needs are taken into consideration and properly addressed.


No matter what type of financial assistance you are seeking, Fairstone has something to offer everyone.


Fairstone offers both secured and unsecured personal loans in amounts ranging from $500 to $50,000.


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.

Solutions for Retail Partners

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:

Point-of-Sale Financing

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.

For more information on all of the benefits and features that Fairstone can offer you, please visit https://smarter.loans/lenders/fairstone/

Frequently Asked Questions About Fairstone

How can I use the money that I’ve been loaned?

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.

Does Fairstone have locations all across Canada?

Yes. Fairstone offers personal loans in 250 branches across Canada, in every province and territory except Nunavut.

Can I apply for a loan online?

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.

What information will I need to provide to obtain a loan?

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.

What interest rates does Fairstone offer?

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.

What is the difference between a secured and unsecured loan?

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.

What loan terms does Fairstone offer?

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.

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Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.