⏱️ Rapidity
⚙️ Flexibility
🔑 Accessibility
Introduction to Fairstone
As an operating subsidiary of Fairstone Bank of Canada, Fairstone offers personal loans and home equity loans to near-prime customers online and in more than 250 branches coast to coast.
History and Mission
Founded in 1926, Fairstone has evolved into a leading provider of personal loans. Fairstone focuses on understanding each customer’s unique situation and tailoring loan options to fit their needs and budget, leveraging experience and expertise to do so.
Services Offered by Fairstone
Fairstone provides a diverse range of financial products that offer manageable and affordable loan payments.
Unsecured Personal Loans
With an unsecured personal loan from Fairstone, you can borrow $500-$25,000 to consolidate debt, manage unexpected expenses, and more. Benefit from affordable payments, a quick and simple online application, and funds deposited in as little as 24 hours. There are no application fees and no prepayment charges on an unsecured personal loan from Fairstone.
Secured Personal Loans
With a secured personal loan from Fairstone, homeowners can borrow $5,000-$60,000 to consolidate debt, cover unexpected expenses, manage home repairs, and more. With a secured personal loan, you’ll benefit from affordable payments, flexible repayment options, loan terms ranging from 36-120 months, and lower interest rates compared to unsecured personal loans.
Online Loans
Fairstone’s online lending experience is seamless, starting with an online instant loan quote. Borrowers can find out how much money they could qualify for and what their payments might be – all by entering a few basic details.
The Loan Application Process
With a simple loan application process, borrowers can finalize their loan in person, online or over the phone, and have the flexibility to choose a remote loan closing.
Step 1: Get a Loan Quote
Enter a few basic details to find out how much money you could qualify for in minutes – no obligation, no impact to your credit score.
Step 2: Connect with a Fairstone Lending Specialist
A Fairstone Lending Specialist will be in touch to customize your loan details. This consultation can take place in person at a branch or remotely, based on your preference.
Step 3: Complete your Loan Application
Finalize your loan application online or in-branch and receive your funds in as little as 24 hours, providing a quick solution to urgent financial needs.
Eligibility Criteria for Fairstone Loans
Fairstone is committed to making its services accessible and inclusive. General eligibility criteria include:
- Minimum age: Borrowers must be at least 18 years old.
- Stable income: Proof of regular income is required, whether from employment, government benefits, or other verified sources.
- Residency in Canada: Services are available exclusively to Canadian residents.
Repayment Terms
Understanding repayment terms is essential for effective financial planning. Loan amounts vary depending on the type of loan:
- Unsecured loans: Up to $25,000.
- Secured loans: Up to $60,000.
Repayment terms are flexible and adapted to each borrower’s financial capacity, ensuring manageable monthly payments.
Security and Confidentiality at Fairstone
Protecting customer information is a top priority for Fairstone. As part of Fairstone Bank, a Schedule I Canadian Bank, Fairstone is both federally and provincially regulated. Fairstone maintains a robust regulatory framework and is committed to responsible lending, ensuring customers borrow within their means and understand their loan contracts, providing tools and resources as well as clear information about loan terms and repayment options.
Customer Testimonials and Reputation
Fairstone’s team of more than 900 Lending Specialists strives to provide customers with an exceptional experience – one that is backed by an unparalleled average tenure of 9 years in the business. As a result, Fairstone continues to index high on customer satisfaction rate (98.5%) in 2024. 1
Conclusion: Why Choose Fairstone?
Choosing Fairstone means partnering with an experienced financial institution offering transparent and personalized solutions. Whether you’re looking for an unsecured personal loan, a secured personal loan or a convenient online option, Fairstone provides flexible borrowing tailored to your financial goals.
Summary of Benefits
- Accessible Loans: Personal loans designed for various borrower profiles.
- Fast and Simple Process: Online estimate with no credit score impact and funds available within 24 hours.
- Flexible Loan Amounts: Up to $25,000 for unsecured loans and $60,000 for secured loans.
- No Hidden Fees: Full cost transparency and clear loan contract.
- Nationwide Presence: Over 250 branches in 210 cities across Canada.
With decades of expertise and a commitment to borrower satisfaction, Fairstone is a trusted lender for all your personal financial needs.
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Frequently Asked Questions (FAQ)
Fairstone offers unsecured personal loans up to $25,000, secured personal loans up to $60,000, and online loans up to $25,000 with fast access to funds.
Borrowers must be at least 18 years old, reside in Canada, and have a stable, verifiable income.
Borrowers can obtain a no-obligation loan quote that does not impact their credit score. A Lending Specialist will then assist in finalizing the application, with funds available within 24 hours.
Fairstone offers a simple loan application process, flexible loan amounts, and payments that fit your budget.
Fairstone is present in all Canadian provinces and territories (except Nunavut), with over 250 branches and comprehensive online services.
1 Based on data from our recent Fairstone Customer Experience Survey – March - June 2024 (n=4,469)
