Fairstone – Personal Loan
Fairstone specializes in personal loans for Canadians with fair-to-good credit, offering fast approval and flexible repayment options.
Applying does not obligate you to accept a loan offer.
Fairstone Personal Loan – 2025 Review
Fairstone is one of Canada's leading non-bank personal lenders, specializing in loans for borrowers with fair-to-good credit. They offer both secured and unsecured personal loans with more flexible eligibility than major banks.
Fairstone Loan Products
Fairstone offers unsecured personal loans (up to $25,000) and secured personal loans (up to $50,000 with home equity). They serve borrowers who may not qualify at traditional banks.
For Fair Credit Borrowers
Fairstone is known for accepting applicants with credit scores as low as 550, making them a popular choice when big banks say no.
✓ Pros
- Accepts fair credit scores
- Secured option available
- Wide branch network
- Long repayment terms available
✗ Cons
- Higher APR than banks
- Rates up to 39.99%
- Smaller unsecured loan maximum
Loan Example
Example: $5,000 loan for 36 months at 24.99% APR = monthly payment of $198.45, total payable $7,144.20.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian resident
- ✓ Income verification required
- ✓ Credit score 550+
- ✓ Valid government ID
Loan Features
- Secured and unsecured options
- Flexible credit requirements (550+ score)
- 240+ branches Canada-wide
- Fast 24-hour approval
- Flexible repayment terms up to 10 years
Frequently Asked Questions
24 hours after submitting your application.
The minimum amount at Fairstone is $500 CAD.