Flexible, fast, and transparent credit to bring your projects to life in Canada.

The Fairstone personal loan is a practical alternative for those seeking accessible credit, with clear conditions and amounts that adapt to different needs.

With options ranging from CAD $500 to CAD $60,000, it can cover anything from small expenses to major projects, always with flexible terms.

The goal is to simplify credit access, offering safe, quick solutions with no hidden fees, ensuring peace of mind in financial planning.

Want to see how it works in practice and discover all the advantages? Learn more about the Fairstone personal loan and turn your plans into reality!

Category	Unsecured loan	Secured loan
Minimum amount	CAD $500	CAD $5.000
Maximum amount	CAD $25.000	CAD $60.000
Terms	From 6 to 60 months	From 36 to 120 months

Get to know the Fairstone Personal Loan: fast, accessible, and with no hidden fees

The Fairstone personal loan is a practical solution that offers accessible credit, with transparent conditions, helping you organize your finances without worry.

With quick approval and flexible terms, this loan lets you adjust payments to your budget, ensuring peace of mind throughout the process.

With no hidden fees or unexpected charges, the service prioritizes clarity, allowing you to plan your future with confidence and security.

By choosing the Fairstone personal loan, you gain convenience and personalized service, creating a financial experience designed around your personal needs.

Types of loans available at Fairstone

Exploring the different types of credit available expands your options. The Fairstone personal loan is just one of the possibilities offered.

Fairstone provides a variety of alternatives for different profiles. Whether for personal needs, property, retail purchases, or vehicles, there is a suitable solution.

Personal loans

Fairstone personal loans offer flexibility, allowing access to different amounts, with adjustable terms and solutions tailored to various financial needs.

This option may be unsecured, requiring no collateral, or secured, offering lower rates in exchange for a guarantee provided by the borrower.

For example, when requesting CAD $10,000, you can choose short or long repayment periods, adjusting installments to your family budget.

The Fairstone personal loan is ideal for those who want simplicity and clarity, offering accessible and reliable credit without unpleasant surprises throughout the contract.

Mortgage loans

Fairstone also provides mortgage loans for those who want to use the value of their property as collateral to obtain additional credit.

This option allows access to larger amounts, ideal for renovations, paying off more expensive debts, or personal investments requiring significant sums.

For example, with a property valued at CAD $300,000, part of that value can be used to obtain substantial loans with longer terms.

Additionally, rates are usually lower, since the property guarantees payment, increasing approval chances under better conditions.

Retail financing

Fairstone retail financing works in partnership with major stores, allowing clients to finance important purchases directly at the point of sale.

This option is very useful for buying furniture, electronics, or appliances, offering convenience by combining credit and purchase in one place.

Imagine buying a CAD $6,000 refrigerator and splitting it into affordable installments, all approved directly in the store without extra bureaucracy.

This solution offers convenience, as you don’t need to look elsewhere for credit, completing the purchase exactly when you need it.

Vehicle financing

Fairstone vehicle financing serves those looking to buy used cars, with conditions designed for different credit profiles, including limited histories.

This option is offered in partnership with Eden Park, a company specialized in auto credit, expanding access for those seeking mobility.

For example, purchasing a CAD $40,000 car can be split into adapted installments, giving quick access to the vehicle without high upfront expenses.

The Fairstone personal loan can also complement this financing, helping cover insurance, initial maintenance, or other expenses related to buying the car.

Main advantages of the Fairstone unsecured personal loan

The Fairstone unsecured personal loan is a quick and accessible option, perfect for those seeking credit without needing to provide collateral.

• Quick approval: funds released within 24 hours after approval.
• Flexible repayment: choose between 6 and 60 months, depending on your needs.
• No collateral required: no need to use property or a vehicle as security.
• No extra fees: no origination fee and no penalty for early repayment.

This option ensures convenience, speed, and security for those who need accessible credit without risking personal assets for approval.

Main advantages of the Fairstone secured personal loan

The Fairstone secured personal loan offers more attractive conditions, perfect for those needing larger amounts with lower interest rates.

• Lower interest rates: ranging from 19.99% to 25.99%, lower than unsecured loans.
• Higher amounts available: borrow from CAD $5,000 up to CAD $60,000.
• Longer repayment terms: choose between 36 and 120 months, adjusting installments to your budget.
• Higher approval chances: using property or another asset as collateral strengthens eligibility.

This option is best for those seeking substantial credit, with flexible conditions and more accessible rates compared to unsecured options.

Eligibility requirements to apply for a Fairstone personal loan

To apply for a Fairstone personal loan, you must meet basic eligibility criteria that ensure security for both lender and borrower.

Requirement	Personal Loan
Age minimum	Must be of legal age in province/territory (usually 18 years old)
Residency	Must be a Canadian resident or citizen
Proof of income	Must show stable income (pay stubs, CPP, T4, etc.)
Bank account	Required in applicant’s name
Identification	Government-issued photo ID (driver’s license, passport, PR card) or 2 secondary IDs
Proof of residence	Rental agreement, mortgage, or recent utility bills
Collateral required	Needed for secured loans (property or another accepted asset)
Other documents	Documentation of property used as collateral (for secured loan)

Meeting these requirements is essential to increase approval chances and ensure a transparent, reliable financial experience.

Step-by-step to apply for a Fairstone personal loan

Follow these simple steps to apply for your Fairstone personal loan with speed, security, and clarity, from the initial request to fund release.

• Pre-qualify online: provide basic details and desired amount, with no initial impact on your credit score.
• Submit documents: ID, proof of income and residence; for secured loans, include collateral documentation.
• Receive analysis and personalized offer: review rates, terms, installments, and possible fees; adjust conditions with a specialist.
• Sign and finalize: either digitally or at a branch; complete bank details and await fund release.

Done: your credit is deposited and you can follow payments on your chosen schedule, with Fairstone support throughout the loan period.

Applicable fees for the Fairstone personal loan

Introducing the topic of fees is essential, as the Fairstone personal loan has different conditions that directly impact the total cost of each contract.

Understanding applicable fees helps you plan your budget better. Small details in percentages or extra charges can make a big difference in the final amount.

APR interest rate

Category	Unsecured loan	Secured loan
Minimum APR	29,99%	19,99%
Maximum APR	37,99%	25,99%

The APR represents the annual cost of credit. It includes the basic interest applied to the borrowed amount, serving as the main reference.

For example, on a CAD $10,000 loan, an APR of 25% would result in approximately CAD $2,500 in interest over the course of one year.

It is important to note that, depending on your financial profile and chosen type, this percentage may vary, offering tailored conditions.

The Fairstone personal loan usually has higher APR rates in unsecured loans, since no assets are required as collateral for the contract.

Other possible fees

Besides APR, there may be administrative fees covering operational costs, such as credit evaluation, contract documentation, and account maintenance services.

For example, on a CAD $10,000 loan, a one-time processing fee of CAD $800 would increase the initial financed amount to CAD $10,800.

Optional insurance charges may also apply, ensuring payment protection in unexpected situations such as unemployment, disability, or death.

In the case of the Fairstone personal loan, it is important to consult a specialist to confirm which of these additional fees apply to your contract.

Conclusion

The Fairstone personal loan has shown how credit can be transparent and accessible, offering flexible amounts and terms that adapt to different financial profiles.

Having clarity on fees, requirements, and loan types helps you make safer decisions, ensuring peace of mind when managing financial commitments.

By combining practicality and speed, Fairstone stands out as a viable choice for those who value simplicity, agility, and reliable support throughout the process.

Enjoyed this? Want to explore more smart financial solutions? Check out the article below and discover the advantages of the American Express Cobalt Card.