Question 1

What is Fairstone Financial?

Accepted Answer

Fairstone Financial has been a Canadian lender for nearly 100 years. It offers secured and unsecured loans from $500 to $50,000 to consolidate debt, pay for unexpected budget expenses, finance home renovation projects and more. Services are available online or at any of Fairstone's 250 branches across Canada.

Question 2

Who owns Fairstone Financial?

Accepted Answer

Fairstone Financial Inc. is a subsidiary of Fairstone Bank of Canada. Together, the two companies form a group that offers consumer loans. These consumer loans include secured and unsecured personal loans and mortgages, point-of-sale financing with partner merchants, auto loans, credit cards and more.

Question 3

What is Fairstone Financial's interest rate?

Accepted Answer

The interest rate varies according to the type of loan. For a personal loan, interest rates start at 19.99% for a secured loan and 26.99% for an unsecured loan. For mortgage refinancing, rates start at 12.49%. Note, however, that rates vary according to the customer's province and factors such as credit score.

Question 4

How do I get a personal loan from Fairstone Financial?

Accepted Answer

To obtain a personal loan from Fairstone Financial, the application process is quick and easy. First of all, you can request a no-obligation loan quote online. Then talk to one of our loan specialists to tailor the loan to your needs and answer any questions you may have. Then finalize your loan application online or in-branch and receive your money in just 24 hours. Finally, open a Fairstone online account to view your financing details and make or schedule payments.

Question 5

What happens if you don't pay Fairstone Financial?

Accepted Answer

Late or missed payments will incur interest charges. What's more, late payments will have a negative impact on your credit score. Indeed, a delinquent account will be added to your credit file, resulting in a lower credit rating. However, be proactive and inform your Fairstone Financial loan specialist as soon as possible. They may be able to suggest solutions that won't affect your credit score.

Question 6

Does a Fairstone Financial loan affect your credit score?

Accepted Answer

First of all, you can request a quote online to find out how much money you could borrow. This step has no impact on your credit score, as it is a "soft check". However, when you apply for a loan, a credit check will be performed, and this "hard check" will have a negative impact on your credit score. Note that new credit applications account for 10% of your credit score, and lost points are generally recovered within a few months.

Question 7

Is Fairstone Financial safe?

Accepted Answer

Fairstone Financial Inc. has been a Canadian lender for nearly 100 years. It has over 250 branches across Canada. Customers can contact Fairstone Financial via live chat and Facebook chat. Plus, you can speak to a Fairstone Financial loan specialist over the phone or in-branch. In fact, you can find the nearest branch by using the branch locator. Finally, Fairstone Financial has obtained accreditation and an A+ rating from the Better Business Bureau, as well as a 98.5% customer satisfaction rate (survey in 2022).

Question 8

How do I pay a Fairstone invoice or financing online?

Accepted Answer

To pay for your Fairstone financing, you must be logged in to manage your account online. Then click on the "Make a payment" button and follow the steps. To register for Fairstone online account management, you'll need your account number, which you'll find on your loan documents. Note that with online account management, you can: check your balance, make or schedule payments and view your account details. You can also view your repayment history and other important information.

Question 9

How quickly can I repay my Fairstone loan?

Accepted Answer

The duration of a loan repayment is called the "loan term" or "loan repayment period". Terms range from 6 to 60 months for Fairstone Financial unsecured personal loans. Terms vary from 36 to 120 months for asset-backed personal loans.

Question 10

What is Fairstone Financial financing at Best Buy?

Accepted Answer

At Best Buy, you can use "Buy Now, Pay Later" financing. In fact, Best Buy has teamed up with Fairstone to offer customers financing plans to spread the cost of their purchases over several monthly payments. How it works is simple:- Submit a Fairstone application online.; - Shop for products and select Best Buy financing as your payment option.; - Select a financing plan and proceed to payment.; - Pay later.;