Fairstone Personal Loans: 2018 Review

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Overview of Fairstone personal loans

Fairstone is a responsible and transparent Canadian lender, offering unsecured and secured personal loans from $500-$30,000. With nearly 100 years of lending experience, they offer personalized local service to Canadians in over 230 branches coast to coast.

  • Secured and unsecured loan options
  • Free loan quote
  • Quick online loan application
  • Personalized service
  • No pre-payment penalties on unsecured loans
  • Fixed rates and terms
  • 230+ branches across Canada, so there’s likely one near you

Fairstone’s personal loans can help with:


Debt consolidation


Unexpected expenses like car or auto repairs, or other emergencies


Larger, planned expenses like a home renovation

How does the application work?

Interested in a loan from Fairstone? You can get a free loan quote telling you how much money you could qualify for and what your payments might be. No-obligation, no impact to your credit score. The entire process only takes a few minutes!

Here’s how it works:

  1. Visit Fairstone.ca, select “Get a Quote,” and choose how much money you’re looking to borrow.
  2. Enter a few personal details so they can find the right loan for you.
  3. Receive an instant response – if you’re happy with your quote, a Lending Specialist will be in touch to finalize your application.
  4. Visit your local branch and receive your money – once approved, you could receive your money the same day you apply.



Who is eligible for a personal loan from Fairstone?

Eligibility criteria includes:

  • Be a citizen or resident of Canada (excluding Nunavut)
  • Have reached the age of majority in your province or territory (Usually 18 years of age)
  • Have an established credit history
  • Able to make monthly repayments on your loan
  • Intend to use the loan for personal purposes
  • Have been discharged from bankruptcy for 7+ years (if applicable)

What documents are required for loan closing?

You’ll need to bring the following documents to your local Fairstone branch in order to finalize your loan application:

  • Valid personal identification such as a passport, birth certificate or valid Canadian driver’s license
  • Proof of income such as a pay stub, CPP statement or T4/T4a
  • Housing verification such as rental receipts, lease agreement or a monthly or annual mortgage statement

What is the interest rate on a personal loan from Fairstone?

Interest rates start at 19.99% (for secured loans) and go up to 39.99% (for unsecured loans).

What loan terms are available for Fairstone loans?

Loan terms range from 6-120 months.

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