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easyfinancial vs Fairstone
Fairstone offers more loan options and greater repayment flexibility, but easyfinancial wins out for customer service and in-store availability.
Between easyfinancial and Fairstone, the best option depends on factors like how much you need to borrow, your unique financial circumstances and your credit history. To make the decision easier, we’ve broken down the differences between easyfinancial vs Fairstone across key categories.
easyfinancial vs Fairstone loans
|What to watch out for|
|Types of loans|
|Availability online and in-person|
|Customer reviews and reputation|
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 unsecured loans: Fairstone
Fairstone takes the win for unsecured personal loans because their starting APRs (26.99%) and maximum APRs (39.99%) are lower than easyfinancial’s (29.99% - 46.96%). Their starting loan term is also shorter, at 6 months vs easyfinancial’s 9 months.
Best for secured loans: easyfinancial
easyfinancial is our pick for secured personal loans because it can offer higher loan amounts up to $100,000 vs Fairstone’s $50,000. easyfinancial also has a more competitive starting rate at 9.99% vs Fairstone’s 19.99%.
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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