Time in business:
Customers:
Loans offered:
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.
Products Offered
AMOUNT
$500 - $50,000
INTEREST RATE
19.99% - 39.99%
TERMS
6 - 120 Months
Personal Loan
Fairstone Loans and Reviews in Canada
Clear rates, terms, eligibility, and examples to understand cost of borrowing before you apply.
Personal Loans
Secured & Unsecured
Branch & Online
Bad Credit Considered
Secured & Unsecured
Branch & Online
Bad Credit Considered
Fairstone at a Glance
| Category | Details |
|---|---|
| Loan Amounts | $500 to $50,000 |
| APR Range | Approximately 19.99% to 39.99% depending on profile |
| Terms | 6 to 120 months |
| Funding Speed | Often 1 to 2 business days after approval |
| Products | Unsecured Personal Loans, Secured Loans, Debt Consolidation, Retail Financing |
| Early Repayment | No prepayment penalty on many loans |
| Availability | Across Canada with 200+ branches plus online servicing |
Figures reflect typical ranges. Verify current terms directly with the lender.
Fairstone Loan Products
| Product | Best For | Typical Amounts | Key Features |
|---|---|---|---|
| Unsecured Personal Loan | Everyday borrowing, emergencies, small renovations | $500 to $20,000+ | Fixed payments, fast funding, credit considered holistically |
| Secured Personal Loan | Larger needs using collateral for potentially better rates | $5,000 to $50,000 | Secured against asset, longer terms available |
| Debt Consolidation Loan | Combining multiple debts into one predictable payment | Varies by profile | May lower total interest vs revolving balances |
| Retail Financing | Point-of-sale purchases with set instalments | Merchant dependent | Promotional terms may apply, fixed schedule |
Cost of Borrowing Examples
Illustrative examples using common Fairstone-style ranges. Calculations assume fixed monthly payments with monthly compounding; actual offers and terms may differ.
| Example | Amount | APR | Term | Estimated Monthly Payment | Estimated Total Cost | Estimated Total Interest |
|---|---|---|---|---|---|---|
| Small Loan | $3,000 | 29.99% | 24 months | $167.72 | $4,025.35 | $1,025.35 |
| Everyday Borrowing | $10,000 | 29.99% | 48 months | $360.00 | $17,280.09 | $7,280.09 |
| Larger Need | $25,000 | 24.99% | 60 months | $733.64 | $44,018.19 | $19,018.19 |
| Higher APR Scenario | $5,000 | 39.99% | 36 months | $240.52 | $8,658.78 | $3,658.78 |
| Lower APR Scenario | $10,000 | 19.99% | 36 months | $371.58 | $13,377.06 | $3,377.06 |
These are examples only and not quotes. Your rate, payment and total cost depend on your profile and loan terms.
Who Fairstone Is Best For
Flexible Credit
Borrowers with fair or limited credit who might not qualify at traditional banks.
Bigger Ticket Needs
Household projects, vehicle repairs, larger consolidation amounts.
Branch & Online
People who value branch availability and online convenience together.
Compare Fairstone vs Other Options
| Feature | Fairstone | Big Bank Personal Loan | Online Fintech Lender |
|---|---|---|---|
| Credit Flexibility | Bad credit considered | Strict score thresholds | Flexible to moderate |
| Loan Amounts | $500 to $50,000 | $5,000+ | $500 to $35,000 |
| APR Range | Approx 19.99% to 39.99% | Approx 6% to 12% | Approx 9% to 34% |
| Funding Speed | Often 1 to 2 business days | Several days to weeks | 1 to 3 business days |
| Early Repayment | No penalty on many loans | May include fees | Usually no penalty |
| In-Person Support | 200+ branches | Nationwide | Online only |
Fairstone Reviews — Common Themes
What customers often mention
- Fast approvals and clear payment schedules
- Ability to consolidate multiple debts
- Branch support plus online tools
- Rates can be higher for weaker credit
Themes are generalized; experiences vary by applicant.
AM
★★★★★
Quick and straightforward. Appreciate the option to pay off early.
JR
★★★★☆
Debt consolidation made budgeting easier. Compare rates to find your best fit.
Quotes are illustrative for this profile.
How to Apply
- Start online or at a branch
- Provide income, ID and banking details
- Get a decision and review your terms
- Sign electronically and receive funds
Understanding Fairstone Loans
What are Fairstone personal loans
Fairstone offers secured and unsecured personal loans with fixed instalments. Loans can support emergencies, home projects, vehicle costs, or consolidating high-interest balances into one predictable payment.
How much can you borrow
Borrowing typically ranges from five hundred to fifty thousand dollars depending on income, obligations, credit profile and whether the loan is secured.
What interest rates apply
Annual percentage rates generally fall between approximately nineteen point nine nine percent and thirty nine point nine nine percent. The exact rate depends on credit history, loan size, term and security.
Is it right for you
Consider Fairstone if you want clear payment schedules, quick funding, the option to visit a branch and flexible eligibility. If you already qualify for low bank rates, a bank loan may cost less.
Alternatives
Compare other personal lenders, lines of credit and balance-transfer promotions. Use the examples above to gauge affordability before you apply.
Eligibility and Documents
| Requirement | Details |
|---|---|
| Age | Age of majority in your province or territory |
| Residency | Canadian resident with valid government ID |
| Income | Proof of regular income and obligations assessment |
| Banking | Active Canadian bank account |
| Documentation | Pay stubs or bank statements, ID, possibly references |
Fairstone FAQs
What loan amounts can I get
Typically five hundred to fifty thousand dollars depending on profile and security.
Does Fairstone consider bad credit
Yes. Approval considers income, obligations and credit history, not only a single score.
Can I pay off early
Many loans allow prepayment without penalty which can reduce total interest.
How fast is funding
Funding can be as fast as one to two business days after signing.
Are secured loans available
Yes. Secured options use collateral and may allow larger amounts or longer terms.
Is it available across Canada
Yes. There are branches nationwide plus online servicing.
What are alternatives
Other personal lenders, lines of credit, credit unions and promotional balance transfers.
Why use Smarter Loans
We present transparent lender profiles with clear ranges, tools and education to help Canadians compare options responsibly.
Smarter Loans is an information resource. Always review contracts and disclosures from the lender before signing.
Contact information
630 René-Lévesque West suite 1400 Montréal, QC H3B 4Z9
Availability:
All of Canada except NunavutSupport Offered:
- Visit a Branch
- Call Centre
- Web Chat
Call Center:
Visit any of the 250+ branches coast to coast 8am - 5pm (EST) Monday - FridayFrequently Asked Questions About Fairstone
What is Fairstone?
What Products and Services Does Fairstone Offer?
Fairstone offers installment loans, debt consolidation, home equity loans and secured loans that are asset based. They also partner with leading retailers and auto dealerships across the country to offer customers financing options.
What Is the Interest Rate on a Fairstone Loan?
You can expect to pay anywhere from 19.99% to 39.99% interest on a Fairstone loan. Unsecured loans start at 26.99% the interest rate for a secured loan starts at 19.99%.
How to Qualify for a Fairstone Loan?
You are eligible for a loan through Fairstone if you are at least 18 years old, can prove an income of minimum $1,200 and are a Canadian resident. All these requirements apply, plus you are required to own a home if you seek their home equity loan.
How Fast Can I Get a Loan from Fairstone?
If approved, you can receive funds via direct deposit within 24 hours.
How Does Loan Repayment Work at Fairstone?
Similar to how you receive loan proceeds through direct deposit, you can also set up automatic pre-authorized payments bi-weekly, semi-monthly or monthly.
What Kind of Customer Support Does Fairstone Offer?
You can get a hold of Fairstone customer support through various means, including their email, call centre and web chat.
Is Fairstone Safe?
Fairstone provides responsible borrowing solutions at over 250 branches coast to coast. Fairstone also partners with businesses across Canada to offer consumer financing. They have over one million customers and are one of the leading alternative Canadian lender of personal loans.
How Much Can I Borrow from Fairstone?
Fairstone loans range from $500 and $50,000. Unsecured personal loans are from $500 and $20,000. Secured personal loans from $5,000 and $50,000.
What Is the Term Length for a Fairstone Loan?
Terms on Fairstone loans are between 6 and 120 months.
Can I Apply Online for a Fairstone Loan?
Yes, you can apply anytime online using their online application form that's available for you to fill out 24/7.
How Will Fairstone Send Me the Loan?
The most common way to distribute loan funds is through direct deposit into your bank.
Which Provinces Is Fairstone Available in?
Fairstone operates in all of Canada except for Nunavut.
What are Fairstone Working Hours?
You can apply for a loan online anytime using Fairstone's online application. However, if you'd like to speak to someone, their call centre operates weekdays from Monday to Friday between 8am - 5pm (EST). Visit one of their 250 branches. Additionally, they have an email, live chat system on their website and can be contacted through their Facebook chat.
Fairstone Reviews
Avg. Rating: 4.5 (25 reviews)
Excellent
“A personal loan is convenient — it just works for me. Whenever I come in to the branch or I’m on the phone, it’s always a positive experience. Good people, good surroundings, positive atmosphere. I would recommend this place to anybody. ”
Very Good
“Great to know they help when the Banks turn their backs on you!”
Excellent Customer Servic...
“Customer service is absolutely top notch.”
Highly Recommended
“Great place! Was easy and fast to get funding too with a "fair" credit rating. Jasmin was the agent that assisted me, she was very friendly and explained everything thoroughly. Her manager was also extremely friendly. It is a very welcoming environment. I would def...”
Thank you Fairstone
“Ran into a bit of financial trouble and with fairstone we are on our way to a better credit score, and have since cleared up some major debt that was weighing us down. I found the experience i had with fairstone to be plesant and not painful at all. As long as you ...”
Great Experience
“Great experience with these folks. They are very professional, and know the educated way to solve any financial issues you may have. Not to mention very friendly and unjudgemental. I would recommend them to anyone. Thanks”
Very Happy
“Awesome, they helped me consolidate all my debts and they are friendly and easy to talk to I would definitely recommend them to all my friends and anyone who needs help with debt”
Friendly staff
“Hello, this was my first time trying Fairstone. I was very happy with my experience, I don't do much of my financial stuff online but needed some quick cash and decided to try them. I have good credit so I was able to get approved and funded quickly.”
Fast approval
“I got approved and funded within 48 hours which was great. The interest rate is a bit high but I was fine to pay a premium for the quick turn around. Would recommend to those that can handle paying more interest for quick money. ”
Client
“Prince and Justine from the Longfellow Branch are totally awesome”
Loan
“Called and talk to Sandra Murphy in the saint john branch and she was so helpful she answered all my questions and had things underway in no time. Sandra made browwing this loan easy for your needs. Times and her friendly ways made us feel comfortable. Thank you ...”
Excellent Service
“I met with Terrina O'Donnell at the Fairstone location in west side Saint John New Brunswick. She was very pleasant to talk to. She made it feel like a friend helping a friend rather than it being "just business". ”
