Fairstone
Borrow from $500 up to $60,000 from Fairstone with a user-friendly application, rates from 14.99% APR (secured), instant pre-qualification, and funding in as little as 24 hours.
Fairstone offers Canadians personal loans ranging from $500 to $60,000. Rates on unsecured loans typically range from 29.99% to 34.99%, and secured personal loans can start as low as 14.99% APR. The loan terms can go from 6 months up to 10 years, depending on the type and your qualifications. There is no impact on your credit score when you obtain a loan quote, and funds can arrive as fast as 24 hours. This falls in line for anyone who needs quick access to money for debt consolidation, emergencies, or major purchases.
Step by Step: How to Apply
Applying for a Fairstone personal loan is straightforward. First, estimate your loan amount and payment using their calculator. Next, fill in a loan quote form with personal and financial info; this has no impact on your credit. After reviewing your quote, proceed with a full application online or at a branch. Approval typically follows a credit check and supporting documents, with money available within a day after finalization.
Key Advantages
One of the best reasons to consider Fairstone is the speed—pre-qualification is instant, and funds could be in your account the next business day. Another attractive feature is the no-obligation quote that lets you check your eligibility without affecting your credit, giving you peace of mind to shop around.
Main Downsides
Interest rates can be on the higher side for unsecured loans compared to banks, especially for those with limited credit history. Additionally, certain provincial legislation applies which may limit flexibility or lead to higher charges for non-sufficient funds in select provinces.
Our Verdict
Fairstone is a reliable personal loan provider for Canadians, especially if speed, convenience, and flexible loan amounts are a priority. While rates for unsecured loans are high, the ease of online application, branch support, and quick funding make it a solid option if you need money fast and qualify for better terms.
