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Fairstone Personal Loan review

Accessible to borrowers the banks turn down, with secured options that meaningfully cut the rate.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

Accessible to borrowers the banks turn down, with secured options that meaningfully cut the rate.

SCFinance score4.0

Fairstone Personal Loan

Est. APR: 19.99% - 39.99%
Loan amount: $500 - $50,000
Term: 1 to 10 years

Pros

✓ Available with fair credit
✓ Secured option lowers the rate
✓ Branches across Canada

Cons

✕ Unsecured rates run high
✕ Optional insurance adds cost

Details

Loan amounts: $500 - $50,000
Prequalify: Soft check only

What you get

Unsecured and secured (homeowner) loans
Prequalify without affecting your score

Compare to alternatives

Mogo Personal Loan

SCFinance score3.9

Read review

Est. APR

9.90% - 46.96%

Loan amount

$500 - $35,000

Term

1 to 5 years

Details

Loan amounts: $500 - $35,000
Funding: As fast as 1 business day

What you get

100-day money-back guarantee
Prequalify with a soft check

Our take

Fast online funding with a 100-day money-back guarantee that's unusual in Canadian lending.

Read our full review

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