Fairstone Personal Loans: Fast Approval & Multiple Loan Options in Canada

Fairstone offers personal loans ranging from $500 to $60,000, designed for Canadians seeking flexible borrowing solutions. You can choose between unsecured loans, with annual interest rates starting at 29.99% (up to 34.99%), or use your home equity for a secured loan, with rates from 14.99% to 25.99%. Unsecured terms run 6-60 months. Secured terms, including mortgages, can last up to 120 months, and feature lower rates for higher credit applicants. Applications are quick, and eligible borrowers may receive funds within 24 hours. There’s no impact on your credit when checking your loan options and no obligation to proceed.

How to Apply for a Fairstone Loan

• Choose your desired loan amount and provide your basic information online
• Get a no-obligation quote and instant preliminary decision
• Finalize your documents either online or at a local branch
• Receive your funds in as fast as 24 hours after approval

Pros of Fairstone Personal Loans

One clear advantage is the speed—once approved, funds can hit your account within a day. There are also numerous loan options depending on your needs, from debt consolidation to home renovations or emergency costs.

The application process is simple, digital-friendly, and doesn’t affect your credit rating until you commit, letting you shop your options risk-free.

Cons of Fairstone Personal Loans

Unsecured loans come with relatively high interest rates compared to some other lenders, especially if your credit isn’t excellent. Minimum rate is 29.99% for unsecured.

Secured loans offer lower rates, but require home equity and may involve extra fees for appraisals or legal paperwork.

Our Verdict

Fairstone is a longstanding, reputable lender with a broad branch network. They suit borrowers who want quick decisions and flexible products—especially those consolidating debt or needing cash fast. However, compare offers if you qualify for lower-rate lending elsewhere.