Fairstone Personal Loan Review 2021

Reviews 3,355

At a Glance

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About Fairstone Personal Loan Review 2021
Loan Amount $500-$15,000
Minimum Credit Score 680
ARP From 9.9% to 47.2%
Funds Available in Within 30 mins
Reviews 3,355


With Mogo money loan offering up to $35,000 worth of loan, find out if it is the best loan option for you.

Mogo money loan provides amounts of up to $35,000 worth of unsecured personal loans, which can be serviced from 6 – 60 months. Mogo considers each loan application based on various rates with varying APRs. These include the province of residence, the credit score, the loan product you are interested in and your credit history



Mogo Loan Benefits

Mogo loan offers various advantages and features to clients. Here are some of them:

  • Free Credit Score 

Mogo money loan allows you to access your credit score from Equifax by performing a soft pull on your account. Mogo also allows clients to organize their finances by monitoring their monthly credit score free of charge. 

  • Review Loan Options before Applying 

If you want to apply for a loan, Mogo money loan allows you to view your loan options by creating a free Mogo account online. Your credit score won’t be affected when you do this, and you don’t need to apply for a loan if you don’t want to. 

  • Online Contract Signing 

Mogo loan allows you to choose which loan you want to apply for, sign the loan contract, and repay your loan online. 

  • Easy Loan Application Process and Fast Turnaround Time 

Online loan services are fast with Mogo. Once you have applied for a loan, you will only have to wait for three minutes to find out if your loan was approved. 

  • Decide What you Want to do with Your Funds. 

Once your loan is approved, you can decide what you want to do with it. You can decide to renovate your home, buy that new car you have always wanted, or take a vacation. 

  • Automatic Payments 

With a Mogo money loan, you don’t need to worry about making repayments. The loan agreement comes with a pre-authorized debit, which means that you will authorize the Mogo loan on every due date to automatically withdraw the funds from your bank. 

  •  Diverse Loan Amounts 

Mogo allows you to apply and borrow loan amounts that go up to $35,000. This will depend on which province you come from. 

  • Flexible Loan Repayment Terms 

You will also be given sufficient time to repay your loan based on the amount you have borrowed. The repayment period ranges from 6 – 60 months.

Application Process

Creating a free Mogo account online is the first thing that you need to do. 

Type in some basic information, such as your name, date of birth, address, and phone number. State your employment status, how much you earn, and household expenses. Equifax, which is a credit bureau, will ask you several questions to give you access to your credit score. 


You can follow the steps provided to complete the loan application and get pre-approved in three minutes when you get your preferred choice. You don’t need to apply for a loan if you don’t want to when you are done creating and receiving a copy of your credit score.

Rates and Terms

If you reside in British Columbia, New Brunswick, Manitoba, Newfoundland, PEI, Ontario, and Nova Scotia, you will incur between 9.9% to 46.96% APR for a personal loan. The loan term depends on your needs, province of residence, and personal financial status. You can go through other Mogo reviews for more information about its terms and conditions.

Help and Support

For assistance in obtaining a new mortgage or refinancing an existing one, borrowers have many options to get in touch with a mortgage specialist through AmeriSave. The whole process can be handled by phone, with specialized agents ready to assist Monday-Friday, 8:00am to 8:00pm EST. Most customers prefer this route, since email correspondence can take a few days longer. For customers wanting to get information online, AmeriSave offers a quick and efficient chat option for those looking to get a quick response without waiting on hold through the call center.


AmeriSave is a good option for borrowers seeking a first time mortgage, or a refinance on an existing home. With extensive online options, customers can initiate the whole process without speaking to anyone directly. AmeriSave offers traditional loan types as well as loan options backed by the federal government, such as the Department of Veterans Affairs or the U.S. Department of Agriculture. Their streamlined process, low rates, and in some cases, low qualifying options, help ensure customers get the best option for purchasing or refinancing a home.

How long does it take for Mogo to deposit?

In as little as 30 minutes, Mogo processes and loads your MogoCard using commercially reasonable efforts. This is done once it receives your funds directly or through Interac e-Transfer or Visa Direct from your financial institution.

Does Mogo affect your credit?

As a soft check or inquiry, viewing your credit score won't affect your credit. It will only affect your credit when you want to apply for loan products such as money loans or mortgages. This may affect your credit score because a hard check may be required.

How can I pay my loan?

A pre-authorized debit agreement is available with every Mogo money product. This is to allow Mogo to automatically deduct funds from your bank account on the due date. Making your repayments shouldn't bother you.

Can I qualify for a loan through Mogo if I'm self-employed?

For as long as the eligibility requirements are met, you can qualify for a Mogo loan even if you are self-employed.