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easyfinancial vs Fairstone
Shopping for a personal loan? Here’s how these 2 popular online lenders stack up.
The online lending space is saturated with options. If you’re trying to decide between easyfinancial vs Fairstone, 2 popular lenders in Canada, we’ve done the homework for you to help you compare which better suits your needs in key categories.
easyfinancial vs Fairstone loans
|Types of loans|
|Availability online and in-person|
|Customer reviews and reputation|
|What to watch out for|
easyfinancial vs Fairstone: Who is our pick?
When you’re shopping for a personal loan, there are crucial factors you’ll want to zero in on. Here’s our top pick for key categories:
Best for loan options: Fairstone
Choose from secured, unsecured and debt consolidation loans. Fairstone takes the win in this category for its range of loan products that should suit most borrowers’ needs. You can choose from a secured loan if you have home equity on the line, an unsecured loan ranging from $500 to $25,000 and debt consolidation loans if you’re having trouble managing multiple debts. On the other hand, easyfinancial only offers secured loans, unsecured loans and credit builder loans to help you save some cash and rebuild your credit.
Best for in-store availability: easyfinancial
easyfinancial has 370 locations across Canada, while Fairstone has over 240. That means both options have a wide range of in-store branches. If you’re on the fence, you can check both lenders to see which has a local storefront that’s closest and most convenient to you.
Best for repayment flexibility: Fairstone
Design your repayment plan. We like that Fairstone lets you choose from weekly, fortnightly, monthly or bi-monthly repayments. You can also pay via cash at a local store, cheque, money order or automatic withdrawals directly from your bank account. Fairstone also allows you to pay off some or all of your loan early without incurring any prepayment penalties.
Best for customer service: easyfinancial
Online, phone and in-person customer service. We like that you have a range of options to get the help you need, whether you prefer to stay home or head to one of 370+ easyfinancial locations across the country. With Fairstone, you may have to head into a physical location for identity and income verification when you apply for your loan. This may not be ideal for some applicants who prefer a completely digital experience.
Compare personal loans
You’re in good hands whether you decide to borrow with easyfinancial or Fairstone. Both have a seamless application process that’s quick and easy to follow. They also come with flexible loan terms and amounts as well as perks like helping you rebuild your credit. It all comes down to the nitty-gritty details and the features that are most important to you. Make sure you obtain quotes from both lenders – this could help you determine which is offering you a loan that better suits your needs.
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