easyfinancial vs Fairstone Financial
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | easyfinancial | Fairstone Financial |
|---|---|---|
| Loan Amounts | $500 – $150,000 | $500 – $60,000 |
| Interest Rates | 9.99% – 34.95% APR | 19.99% – 34.99% APR |
| Loan Terms | 9 – 240 months | 6 – 120 months |
| Credit Required | All credit types accepted | Fair to good credit preferred |
| Funding Speed | Same day to 2 business days | 1 – 3 business days |
| Headquarters | Mississauga, Ontario | Montreal, Quebec |
| Founded | 2006 | 1923 |
| Best For | Borrowers with poor credit who need larger loan amounts | Homeowners who want larger secured loans with longer terms |
Loan Amounts
easyfinancial
$500 – $150,000
Fairstone Financial
$500 – $60,000
Interest Rates
easyfinancial
9.99% – 34.95% APR
Fairstone Financial
19.99% – 34.99% APR
Loan Terms
easyfinancial
9 – 240 months
Fairstone Financial
6 – 120 months
Credit Required
easyfinancial
All credit types accepted
Fairstone Financial
Fair to good credit preferred
Funding Speed
easyfinancial
Same day to 2 business days
Fairstone Financial
1 – 3 business days
Headquarters
easyfinancial
Mississauga, Ontario
Fairstone Financial
Montreal, Quebec
Founded
easyfinancial
2006
Fairstone Financial
1923
Best For
easyfinancial
Borrowers with poor credit who need larger loan amounts
Fairstone Financial
Homeowners who want larger secured loans with longer terms
Pros & Cons
easyfinancial
Pros
- Accepts all credit types including poor credit
- Very large loan amounts available (up to $150,000 secured)
- Over 400 locations across Canada for in-person service
- Reports to both Equifax and TransUnion for credit building
Cons
- Interest rates can be high for unsecured loans
- Secured loans require collateral (home equity or vehicle)
- Some products have origination or administrative fees
Fairstone Financial
Pros
- Over 100 years of lending experience in Canada
- Both unsecured and secured loan options
- Large loan amounts up to $60,000 for homeowners
- 200+ physical branch locations across Canada
Cons
- Minimum interest rate of 19.99% is higher than bank alternatives
- Secured loans require home equity as collateral
- Branch visit may be required to finalize some loans
Which Lender Should You Choose?
Choose easyfinancial if you're looking for a lender that specializes in borrowers with poor credit who need larger loan amounts. They offer loan amounts of $500 – $150,000 with funding as fast as same day to 2 business days.
Choose Fairstone Financial if you're better described as homeowners who want larger secured loans with longer terms. They offer $500 – $60,000 with fair to good credit preferred credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is easyfinancial or Fairstone Financial better?
It depends on your needs. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts. Fairstone Financial is rated 4.0/5 and is best for homeowners who want larger secured loans with longer terms.
Which has lower interest rates?
easyfinancial charges 9.99% – 34.95% APR, while Fairstone Financial charges 19.99% – 34.99% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
easyfinancial: Same day to 2 business days. Fairstone Financial: 1 – 3 business days.
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