- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Next business day
- Apply
- Online and in-store
Licence verified AB, BC, MB, NB, NL, NS, ON, SK
Fairstone payday loans: costs, licences and review
Last reviewed November 10, 2026 by the Koke editorial team.
Fairstone is a long-established instalment lender with about 235 branches across Canada, including Alberta, lending $500 to $25,000 unsecured at 29.99% to 34.99% APR over 6 to 60 months, and home-secured loans up to $60,000 from 19.99%. A free quote uses a soft credit check that doesn't affect your score.
Last reviewed November 10, 2026
Fairstone at a glance
- Provinces served
- Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Apply
- Online, In store
- Borrow
- $500 to $25,000
- Repay within
- —
- Loan type
- Instalment loan
- Cost per $100
- $14.00
- On $500 for 14 days
- $70.00 fee · $570.00 total
- Annual rate on that example
- 365.0%
- Money arrives
- Next business day (Unsecured loans stated as funded in under a day after final approval; secured loans take several days)
- Credit check
- Soft credit check: “The initial quote is a soft check that doesn't affect your score; proceeding involves a full credit check”
- If a payment bounces
- —
- If you pay late
- —
- Support hours
- —
Is Fairstone licensed where I live?
Fairstone is not a payday lender, so it doesn’t hold payday-loan licences. The rows below are the provinces it says it serves. Lenders charging over 32% are licensed separately as high-cost credit lenders in some provinces, including Alberta and British Columbia; the Verify link goes to the same regulator, where you can search that register too.
| Province | Licence number | Status | Regulator | Checked on |
|---|---|---|---|---|
| Alberta | Not published | Listed by lender, not yet checked by Koke | Service Alberta and Red Tape Reduction · Verify | |
| British Columbia | Not published | Listed by lender, not yet checked by Koke | Consumer Protection BC · Verify | |
| Manitoba | Not published | Listed by lender, not yet checked by Koke | Manitoba Consumer Protection Office · Verify | |
| New Brunswick | Not published | Listed by lender, not yet checked by Koke | Financial and Consumer Services Commission (FCNB) · Verify | |
| Newfoundland and Labrador | Not published | Listed by lender, not yet checked by Koke | Digital Government and Service NL · Verify | |
| Nova Scotia | Not published | Listed by lender, not yet checked by Koke | Service Nova Scotia (Consumer Affairs) · Verify | |
| Ontario | Not published | Listed by lender, not yet checked by Koke | Ministry of Public and Business Service Delivery and Procurement (Consumer Protection Ontario) · Verify | |
| Prince Edward Island | Not published | Listed by lender, not yet checked by Koke | Island Regulatory and Appeals Commission / Consumer Services · Verify | |
| Saskatchewan | Not published | Listed by lender, not yet checked by Koke | Financial and Consumer Affairs Authority (FCAA) · Verify |
Apply now opens Koke’s application page, which sends your answers to our matching partner LeadScout. It may match you with Fairstone or with other lenders. Koke may be paid for referrals and for clicks to lender websites; that never changes our rating. Disclosure
Borrowing $500 for 14 days at $14.00 per $100 costs $70.00. You’d repay $570.00 on Tuesday, November 24. As an annual rate, that’s 365.0%.
Try your own numbers
How Fairstone works
Fairstone writes fixed instalment loans, not payday loans. You start with an online quote, about ten minutes and only a soft credit check, then finish in a branch or online. Unsecured loans run $500 to $25,000 over 6 to 60 months at roughly 29.99% to 34.99% APR and can be funded in under a day after final approval; homeowners can secure $5,000 to $60,000 from 19.99%, which takes a few days. It also operates in Quebec, which most lenders on Koke don’t.
What to watch
You won’t see your actual rate until well into the process, so don’t treat the quote as an offer. Its Better Business Bureau record is poor, with complaints concentrated on customer service and insurance add-ons; decline optional creditor insurance unless you’ve independently priced it. As with any instalment loan, judge it by the total cost of borrowing over the full term.
What we like
- Free quote with a soft credit check before you commit
- Unsecured loans can be repaid early without penalty
- Branches across Alberta and most of Canada, with online applications
What to watch
- The quote process doesn't show your interest rate up front
- A weak Better Business Bureau record, with many complaints filed
- Secured loans carry early-repayment and other fees that vary by province
Where Fairstone lends
Other licensed lenders in Alberta
Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online and in-store
Licence verified AB, BC, SK
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online
Licence verified AB, BC, MB, NB, NS, ON, PE
A payday loan isn’t your only option. See lower-cost alternatives
Reviewed by Trust Pilot, Accredited Financial Counsellor Canada® on November 10, 2026. Our editorial standards
Sources
- Money.ca: Fairstone review (accessed November 7, 2026)
- Fairstone: Alberta branch pages (accessed November 7, 2026)
Update log
- — Profile published from public sources. Licences listed as stated by the lender; register check by Koke pending.