Secured Personal Loans in Halifax

Apply for a secured personal loan up to $60,000 in Halifax. Access lower interest rates, lower loan payments and more borrowing power compared to an unsecured personal loan.

Halifax Branches

Fairstone 7071 Bayers Rd., Suite 282

km

Suite

Halifax, NS B3L 2C2

Branch # 670011

902-455-2228

Directions More Details

X

Fairstone 3 - 201 Chain Lake Dr.

km

Suite

Halifax, NS B3S 1C8

Branch # 670034

902-450-0260

Directions More Details

X

Use our locator to find a location near you or browse our directory.

Fairstone 7071 Bayers Rd., Suite 282

km

Suite

Halifax, NS B3L 2C2

Branch # 670011

902-455-2228

Directions More Details

X

Fairstone 3 - 201 Chain Lake Dr.

km

Suite

Halifax, NS B3S 1C8

Branch # 670034

902-450-0260

Directions More Details

X

Benefits of a secured loan

Lower interest rate

Access lower interest rates than with an unsecured loan.

Lower payments

Access lower payments compared to an unsecured loan.

More money

Borrow more money – up to $60,000.

Secured loan tools and resources

Secured personal loan calculator

Use our secured personal loan calculator to estimate your monthly payments and determine which payment options fit your needs and budget.

CALCULATE PAYMENTS

How to get a loan from Fairstone

Familiarize yourself with the application process and necessary documents needed to get a secured personal loan.

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Fairstone: A Trusted Canadian lender

As a trusted Canadian lender for nearly 100 years, Fairstone is committed to providing financial products and services that enable Canadians to achieve their goals.

Whether you get a loan online or in branch, you’ll receive one-on-one service from a knowledgeable Lending Specialist. Our team is available when you need us, from coast to coast.

How to get a secured loan

Complete a loan quote

Let us know how much money you’re looking to borrow and provide a few simple details. Receive your personalized loan quote in minutes – no obligation, no impact your credit score.
Tell us you want to secure your loan

A Lending Specialist will be in touch to customize your loan details. Let them know you’re interested in a secured personal loan and they will update your quote.
Complete the loan application

Gather the documents and housing information required and finalize your loan application at one of more than 250 branches.

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Secured loan in Halifax: What you should know

What is a secured personal loan?

A secured personal loan, also referred to as a home equity loan, is backed by equity in an asset – typically a house. Secured loans differ from unsecured loans, which are only backed by a signed contract or agreement. Some other differences between a secured loan and an unsecured loan include:

Lower Interest rate: Secured personal loans generally have a lower interest rate than unsecured credit products
Lower loan payments: A lower interest rate leads to lower loan payments
Longer loan term: You can often choose a longer loan term on a secured personal loan, which can also lower your monthly payments

A secured personal loan is a great option for homeowners interested in consolidating debt, covering the cost of home repairs and more.

How much can I borrow with a secured loan?

With a higher loan limit and lower interest rate than unsecured loans, a secured loan is a good option for homeowners. Borrow up to $60,000 from Fairstone (compared to a maximum of $25,000 with an unsecured personal loan).

What are the interest rates of a secured loan?

Interest rates on a secured personal loan from Fairstone range from 19.99%-24.99%.
Interested? Start with an online quote or call your local branch.

Interested in learning more about loans?

Try a personalized loan quote or explore our financial tools and resources including loan calculators, FAQs, blogs, videos and more.

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EXPLORE RESOURCES

Search for answers, tips, tools and resources to help you reach your financial goals.

View legal footnotes

Loan offers are only valid if you meet our current credit standards. Offers provided to users who complete a loan quote are for an unsecured personal loan only.

Unsecured personal loans:

Interest Rates on unsecured personal loans range from 26.99% - 39.99%, with a minimum loan term of 6 months and maximum term of 60 months. Your actual Annual Percentage Rate (APR) will vary based on province of residence and individual factors like the details of your credit report and loan amount. Maximum APR 39.99%.

An example of a $10,000 unsecured personal loan: APR of 39.49%, 60-month term, monthly payment of $384.14 including principal and interest.

Newfoundland and Labrador (NL) Residents ONLY: Fairstone’s unsecured personal loans are registered as a high-cost credit product in NL. Annual interest rates on these unsecured personal loans range from 26.99%-39.99%. A non-sufficient funds (NSF) charge of $45 may be applied to returned payments due to non-sufficient funds; if you incur two NSFs within a three-month period or three NSFs within a 12-month period, restrictions to non-cash payments, including the cancellation of AutoPay, will apply. An unsecured personal loan may be cancelled within 14 days of signing the agreement, in accordance with section 83.16 of the Consumer Protection and Business Practices Act (NL). NL License is pending.

Secured personal loans and mortgages:

Interest Rates on secured personal loans range from 19.99%-25.99%, with a minimum loan term of 36 months and a maximum term of 120 months. Interest Rates on mortgage loans range from 14.99%-20.25%, with a minimum loan term of 12 months and a maximum term of 60 months, and amortization periods up to 25 years. Your actual APR will vary based on individual factors including province/territory, the details of your credit report and financial situation, loan type and services provided in order to secure the loan including administration fee, appraisal fee, title fee and solicitor/notary fee. All fees are included in your loan contract and explained to you by our Lending Specialists.

An example of a $40,000 secured personal loan: APR 23.26%, 120-month term, monthly payment of $861 including principal and interest.

An example of a $90,000 mortgage: APR 18.94%, 60 month term, 20 years amortization, monthly payment of $1,371 including principal and interest.

Fairstone is a provider of personal loans and mortgages and is headquartered at 630 René-Lévesque Blvd W, Montreal, Quebec H3B 1S6, Telephone Number 800-995-2274.

In Ontario, Fairstone Financial Inc. is licensed as mortgage brokerage #10821. In Nova Scotia, Fairstone Financial Inc. is licensed as mortgage lender #2021-3000028.

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Secured personal loans in Halifax