Have you ever needed that extra cash to achieve a goal or pay a bill? We know that unexpected events happen, and sometimes, having access to different options to solve a problem can be the best way to deal with it. We introduce you to Fairstone: an excellent opportunity for you to achieve your goals without having to resort to various banks and financial institutions in search of the ideal loan. Fairstone Financial Inc. is a wholly owned subsidiary of Fairstone Bank of Canada. Its creation came through the merger of companies that form a leading Canadian consumer lending group, offering credit cards and rewards programs, point-of-sale financing through merchant partners, automobile financing via dealerships, and unsecured and secured personal loans. An interesting fact is that Fairstone can lend you money quickly to cover an urgent or unexpected expense like a car or home repair, with a personal loan up to $60,000. Millions of Canadians have already relied on Fairstone’s services, and today we will explain to you about Fairstone’s personal loans and all the benefits of requesting yours! Let’s go?
How does it work the Fairstone Personal Loans?
Fairstone offers a wide variety of personal loans. This is because there are several types of lenders available to Canadians. The lender you choose will depend on your financial situation. Fairstone focuses on lending to Canadians in the fair to good credit score range. Therefore, it is common for many people to choose Fairstone as an alternative solution if they don’t meet the lending criteria at their bank. This allows the system to conduct a thorough analysis of the customer’s needs and bridge the gap to the best offer. From quick personal loans, designed for emergencies, to loans aimed at renovations and home financing, it is possible to make inquiries for different occasions and needs through Fairstone. Loan ranges can generally vary – Fairstone allows the user to request from $500 to $60,000 – and payment terms go up to 120 months. It works as follows: borrow $500-$60,000 from a responsible Canadian lender and pay your loan back through affordable payments that fit your budget. Start with a loan quote to find out how much money you could qualify for – it’s quick and won’t impact your credit score. Whether you need money for an emergency, car repair, wedding or vacation, Fairstone is committed to assisting you when you need it, with flexible borrowing solutions that fit your needs and budget.
Fairstone Unsecured and Secured Loans: What’s the Difference?
Among the various types of loans available in Fairstone’s range of services, there are Secured and Unsecured loans. The main difference between these two is the credit history analysis: while secured loans follow the same premise as loans available from most Canadian financial institutions, unsecured loans do not perform this analysis – however, they also depend on different conditions for the amount to be released. While a secured loan allows you to borrow from $500 to $60,000 with an interest rate that can range from 19.99-23.99% and up to 120 months for payment, unsecured loans have a smaller range: you can borrow from $500 to $25,000, with an interest rate of 29.99-34.99% and have up to 60 months to make the payment.
How to Know How Much I Will Pay on My Loan?
Within the financial institution’s website or app, you can perform simulations for your needs without compromising your credit history. Through the payment calculator, you can select items such as required amounts, installments, and loan term – which, depending on the situation, can range from 12 to 60 months. This way, you can have an overview of how much you will pay if you take out a loan through the platform, allowing you to better manage your finances and avoid compromising your financial planning.
Ready to Start? Apply for Your Loan Today!
If you have questions regarding the necessary documentation and eligibility criteria to apply for your loan with Fairstone, don’t worry! We will explain it to you in detail along with the step-by-step process for you to access your monetary funds and fulfill your dreams or solve that last-minute emergency. Click the button below to be redirected and see in detail how to apply for your personal loan with Fairstone!