How to apply?
The following are the stages involved in taking out a Fairstone personal loan:
Get a loan quote. The Fairstone website provides applicants with a free online loan quote based on their credit score, employment status, and property ownership.
Receive an instant response. It takes no more than a few minutes to receive a quotation. If you're satisfied with your quote, a Fairstone Lending Specialist will contact you to discuss the details.
Get your documents. Collect the set documents to confirm your identity, income, and housing situation. To finalize your loan agreement, you'll need to bring these papers in person to your local branch. In certain locations, you may be able to finish this step over the Internet.
Visit the local Fairstone branch. After all, paperwork has been submitted, you can meet with a Lending Specialist to finalize the loan application process. The specialist will go over the terms of repayment, as well as the payment procedure.
Get your money. You could get funds the same day you apply if the loan is approved.
Financing can be obtained via cash, credit card, Interac e-Transfer.
Requirements
Personal identification
Provide one piece of primary identification:
Valid Canadian Driver's Licence
Canadian Permanent Resident Card
Valid Canadian Passport
Canadian Citizenship Card
Valid Non-Driver Identification Card, where applicable
Or, provide two pieces of secondary identification:
Government-issued Canadian birth certificate
Certificate of Indian Status Identity Card/Indian and Northern Affairs Canada Card
Current Credit Card or Debit Card with an embedded photo
Military ID Card with accompanying government-issued photograph
Current bank statement
Utility bill from the last 30 days containing your full name and current street address
Notice of Assessment
Provincial Health Card
Employment and income verification
Applicants need to provide their recent pay stub that is:
Dated within 30 days or future-dated no more than seven days
Shows year-to-date income
Shows CPP and EI deductions
Shows the company name and logo
Latest T4/T4a
Canada Pension Plan (CPP) statement dated within the last 12 months
Self-employed individuals need to provide CRA Notice of Assessments from the past two years and one of the following:
Business Licence
411 or Yellow Page Listing
Bank statement showing business name
Housing information
To verify rent, applicants should provide one of the following:
Current lease agreement (within five years)
Any of the following dated within three months:
Rent receipt
Canceled cheque
Bank statement or electronic fund transfer
Typed or hand-written letter showing rent amount and landlord's signature
To verify mortgage, it is necessary to provide one of the following:
The latest mortgage statement which includes:
Current balance
Monthly payment
Payment status
Your name and address
Annual mortgage statement dated within 30 days