Secured Loan – Access up to $30,000 with home equity loans

What is a secured loan?

A secured personal loan allows homeowners to use their home equity as an asset to secure their loan. Choosing a home equity loan gives homeowners the option to borrow more money at a lower interest rate, often with lower loan payments. If you’re wondering which loan is right for you, read about the difference between secured and unsecured personal loans here.

Not a homeowner? Fairstone also offers unsecured personal loans up to $20,000. Learn more about our personal loan products and how Fairstone can help you find one that suits suit your needs, lifestyle and budget.

What are the benefits of a secured loan using home equity?

  • Borrow more money – Borrow up to $30,000 using the equity in your home
  • Access lower interest rates – Fairstone offers lower interest rates on secured personal loans than on unsecured personal loans, with rates as low as 19.99%
  • Flexible payment options – Manageable payment terms from 36-120 months allow you to customize your loan payment amount
  • Simple application process –Let us know you want a secured loan while completing a free no-obligation loan quote and find out how much you could qualify for.

Get a personalized loan quote.

Secured personal loans up to $30,000

Apply for a home equity loan and borrow more money at a lower rate.

Loan amount
$5,000-$30,000
Interest rate
19.99-23.99%1
Term
36–120 months
Secured
Yes
Payments
Fixed
Fees
Vary by province
Prepayment penalties
Yes
Time to process
2+ days
Guarantee
2+ days

Unsecured Personal Loans up to $20,000

Cover the cost of unexpected expenses with an unsecured personal loan from Fairstone.

Loan amount
$500–$20,000
Interest rate
26.99-39.99%1
Term
6–60 month
Secured
No
Payments
Fixed
Fees
None
Prepayment penalties
None
Time to process
< 1 day
Guarantee
14 days

Quick, simple and secure loan estimate     GET AN INSTANT LOAN QUOTE

Borrow more at a lower rate with a homeowner loan

Fairstone offers Canadian homeowners secured loans up to $30,000.

Home improvements

Borrow the money you need to cover home renovation projects and increase the value of your home.

Large unexpected expenses

If you’re faced with an unexpected expense, an emergency loan may be for you. Apply now and get the money you need quickly with a secured personal loan.

Debt consolidation

Mange multiple bills, reduce debt and get your credit back on track. Leverage home equity to benefit from larger loan amounts and lower rates.

How to get a secured loan:

  1. Start with a quote: Simply tell us how much money you’re looking to borrow, and enter a few personal details.
  2. Receive your decision in minutes: We’ll tell you how much money you could qualify for if you go with an unsecured personal loan, and what your payments might be.
  3. Let us know you want a secured loan: A Lending Specialist will be in touch after your application. Since your quote will be for an unsecured loan, let us know you’re interested in securing your loan, and we’ll be happy to update your quote.
  4. Receive your money: Finalize your loan application in-branch, and receive your money quickly.

Protect yourself from the unexpected

These valuable benefits can give you peace of mind should the unforeseen occur. Visit our insurance page to get an in-depth explanation about the different creditor insurance products we offer.

Job Loss Insurance 

Have your loan payments covered if you're involuntarily unemployed.

Disability Insurance

If you experience disability and can't work, your loan payments could be taken care of.*

Life Insurance

Protect your family or estate in the future and have your loan paid off in the event of your death.*

Home and Auto Security Plan

Offering home and family benefits, roadside assistance, legal services and more. LEARN MORE

1Interest rates may vary by province.

In Ontario, Fairstone Financial Inc. is licensed as mortgage brokerage 10821.

*Coverage varies and is subject to the terms and conditions of the insurance policy and applicable law.

Insurance solutions provided by American Health and Life Insurance Company or Triton Insurance Company. Home & Auto Security plans are administered by Home and Auto Security Plan, Inc.

TALK TO YOUR LENDING SPECIALIST TO LEARN MORE