Fairstone Car and Auto Loans

Overview of the Fairstone Car and Auto Loans program:

Fairstone’s Auto Loan program helps borrowers finance vehicle purchases or access equity from a vehicle they already own. With both secured and unsecured auto loan options, customers can apply whether they are buying from a dealership, a private seller, or refinancing an existing vehicle loan to consolidate debt or cover other expenses. Loan terms are flexible, typically ranging from 6 to 60 months, and payments can be structured weekly, bi-weekly, or monthly. Borrowers receive a fixed interest rate, which ensures predictable repayment over time. The program is open to borrowers with a variety of credit profiles, including those with fair credit, and pre-qualification is available online without affecting credit scores. In the secured option, the loan is backed by the vehicle itself, which can result in higher loan amounts and lower interest rates. In the unsecured option, the vehicle isn’t used as collateral, but borrowers may face higher rates depending on their credit history. Fairstone also offers loan protection insurance and quick access to funds after approval.

Benefits of the Fairstone Car and Auto Loans program:

• Available for new and used car purchases, private sales, or dealership financing
• Offers refinancing for existing vehicle loans
• Fixed interest rate ensures stable payments
• Flexible repayment terms (660 months)
• Pre-qualification online without affecting your credit
• Secured loans may offer lower rates and higher loan amounts
• Optional loan protection insurance
• Quick fundingmany loans approved and funded within days

Eligibility criteria of the Fairstone Car and Auto Loans program:

• Eligible Applicants:
• Must be a Canadian resident, age 18+
• Must provide:
  • Proof of income and employment
  • Government-issued ID
  • Vehicle information (make, model, VIN, proof of ownership or purchase agreement)
  • Consent for a credit check
• Borrowers with fair to good credit are eligible
• Vehicle must meet certain age and condition criteria (typically within 10 years old for secured loans)