Learn How to Apply for Fairstone Loan Personal Loans
Fairstone offers a great variety of personal loans, including unsecured options, for up to $25,000. Check it out!
What do I need to know before applying for a Fairstone Loan Personal Loans?
Fairstone has a division for personal loans offering amounts between $500 and $25,000 in unsecured credit, with the option to repay the amount over up to 60 equal months.
PERSONAL LOANS
Fairstone Loan
Need to improve your finances? Apply now.
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Fairstone is a Canadian company that offers multiple financial services, particularly in the loan sector, to the public.
In this regard, it offers a variety of secured loans as well as specific loans for vehicle and real estate purchases. Each of these loans has its own conditions, and you can rely on different services.
The range of values varies from $500 to $25,000 for unsecured personal loans. For other types, amounts can reach up to $60,000 with repayment terms of up to 120 months.
In the case of unsecured personal loans, the maximum repayment period is 60 months and the minium is 6 months, with equal installments and a maximum interest rate from 26.99% to 39.99%.
For this type of credit grant, there is no requirement for residential property or prepayment penalties. Loans are intended for various purposes, such as debt consolidation, car and vehicle purchases, emergencies, credit building, car repairs, medical and dental payments, and weddings.
Additionally, funds can be used for travel and vacations, home renovations, RVs, boats, and personal capital. Thus, Fairstone is quite flexible for different situations, and if you need their services, you can learn more.
Who can Apply?
For unsecured loans, the main factors for approval are the client’s income and credit history. Therefore, the main verifications are of identity and credit score.
Applicants must be at least 18 years old and properly registered in the country.
During the process, documents such as a valid passport, citizenship card, or driver’s license need to be submitted.
The loan application also requires income proof, such as the latest T4 or T4a, proof of payment, and a Canada Pension Plan statement.
Apart from these, there are no major objections, but note that all applications are subject to availability.
In this sense, the most important thing is to have your documentation in order with all the necessary proofs. It’s worth noting that the province of residence can also impact the loan conditions.
How do I Apply for the Fairstone Personal Loan?
Fairstone provides a loan quote form that is non-binding. To fill it out, you first need to enter the loan amount, noting that for personal loans, the limit is typically around $25,000.
Next, you specify the purpose of the loan, such as debt consolidation, travel, repairs, purchases, and others.
To provide more information about yourself, you’ll need to input your full name, date of birth, complete address, phone number, and email address.
During the process, you’ll need to provide banking details, expense values, and income figures to give Fairstone a better understanding of the loan conditions.
With this form, you’ll receive a loan quote based on your desired amount and payment conditions. After receiving the quote, Fairstone specialists will contact you by phone to proceed with the loan process.
After gathering the necessary documents, you can finalize the application online or at one of over 240 branches across Canada.
According to Fairstone, if approved, you can receive the funds on the same business day, provided all conditions are met.
PERSONAL LOANS
Fairstone Loan
Like the conditions? Apply now.
WATCH AD AND START APPLICATION* You will be directed to an external website
More Details
According to Fairstone, you can reduce interest rates with simple practices such as saving on credit cards and paying bills on time.
This is because the company considers credit history precisely to access better conditions. If you need more money, and if possible, you can apply for a secured loan.
Want to learn more?
The personal loan format is quite effective for accessing credit lines for various needs, to cover emergencies and even consolidate debts in different situations.
However, there are specific and strategic conditions when taking out a loan in this format, and you can see more information.