Fairstone Financial vs LoanConnect
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 | Fairstone Financial | LoanConnect |
|---|---|---|
| Loan Amounts | $500 – $60,000 | $500 – $50,000 |
| Interest Rates | 19.99% – 34.99% APR | 6.99% – 29.99% APR (varies by partner lender) |
| Loan Terms | 6 – 120 months | 6 – 60 months |
| Credit Required | Fair to good credit preferred | All credit types accepted |
| Funding Speed | 1 – 3 business days | As fast as same day |
| Headquarters | Montreal, Quebec | Toronto, Ontario |
| Founded | 1923 | 2014 |
| Best For | Homeowners who want larger secured loans with longer terms | Borrowers who want to compare multiple offers at once |
Loan Amounts
Fairstone Financial
$500 – $60,000
LoanConnect
$500 – $50,000
Interest Rates
Fairstone Financial
19.99% – 34.99% APR
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
Loan Terms
Fairstone Financial
6 – 120 months
LoanConnect
6 – 60 months
Credit Required
Fairstone Financial
Fair to good credit preferred
LoanConnect
All credit types accepted
Funding Speed
Fairstone Financial
1 – 3 business days
LoanConnect
As fast as same day
Headquarters
Fairstone Financial
Montreal, Quebec
LoanConnect
Toronto, Ontario
Founded
Fairstone Financial
1923
LoanConnect
2014
Best For
Fairstone Financial
Homeowners who want larger secured loans with longer terms
LoanConnect
Borrowers who want to compare multiple offers at once
Pros & Cons
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
LoanConnect
Pros
- Compare multiple lender offers with one application
- Soft credit check for initial comparison — no impact on score
- Wide range of loan amounts from $500 to $50,000
- Fully online process with no branch visits required
Cons
- Rates vary significantly depending on which partner lender you're matched with
- Not a direct lender — acts as a marketplace/aggregator
- Loan terms and conditions vary by individual lender
Which Lender Should You Choose?
Choose Fairstone Financial if you're looking for a lender that specializes in homeowners who want larger secured loans with longer terms. They offer loan amounts of $500 – $60,000 with funding as fast as 1 – 3 business days.
Choose LoanConnect if you're better described as borrowers who want to compare multiple offers at once. They offer $500 – $50,000 with all credit types accepted 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 Fairstone Financial or LoanConnect better?
Fairstone Financial is best suited to homeowners who want larger secured loans with longer terms, while LoanConnect is best suited to borrowers who want to compare multiple offers at once. The better option depends on your credit profile and borrowing needs.
What are the interest rates for Fairstone Financial vs LoanConnect?
Fairstone Financial charges 19.99% – 34.99% APR, while LoanConnect charges 6.99% – 29.99% APR (varies by partner lender). Your actual rate will depend on your credit profile and the specific loan product you qualify for.
Which lender has faster funding — Fairstone Financial or LoanConnect?
Fairstone Financial offers funding in 1 – 3 business days, while LoanConnect provides funds in as fast as same day.
Other Lender Comparisons
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures