Key facts about Fairstone
- Loan type
- Installment loan
- Rate / cost disclosure
- 19.99% to 34.99% APR, depending on the loan and your credit
- Maximum loan amount
- $25,000
- Typical loan term
- 6 to 120 months
- Funding speed (lender’s statement)
- Typically the next business day
- Credit-check policy
- Yes — a credit check is part of the application
- How to apply
- Online, by phone or at a branch
- Service type
- Both
- Provinces served
- Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Head office / service area
- Montreal, Quebec; more than 250 branches
Is Fairstone licensed?
Fairstone does not offer payday loans, so it does not need a payday-lender licence. Its loans fall under the federal 35% APR limit, and some provinces (including British Columbia, Alberta, Manitoba and Quebec) require a separate high-cost credit licence or permit. Ask the lender for its licence in your province.
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- Fixed payments over months or years
- Branches in every province
- Lower rates available on secured loans
What to watch
- Requires a credit check
- Rates near 35% for weaker credit
- Secured loans put your home at risk if you default
Who is Fairstone?
Fairstone is one of the largest non-bank lenders in Canada, with over 250 branches. It does not offer payday loans. Unsecured personal loans go up to $25,000; homeowners can borrow more by securing the loan against their property, at a lower rate.
Who is Fairstone suited to?
A step up from payday borrowing for anyone who needs more than $1,500 and time to repay. Rates for weaker credit sit near the legal ceiling, so compare the total cost over the full term, not just the payment.
What if a payment fails?
Missed payments can bring NSF fees and are reported to credit bureaus.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.