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.
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.