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Debt consolidation loans in Montréal

Simplify your payment schedule, pay off debt faster, and save money with a debt consolidation loan.

GET A LOAN QUOTE

Borrow up to $60,000 with a debt consolidation loan in Montréal. Combine multiple bills into one simple payment, pay off debt faster, and save money.

Montréal Branches

Fairstone 915 rue Mont-Royal Est

km

Suite

Montréal, QC H2J 1X3

Branch # 650047

514-522-5112

Directions More Details

X

Fairstone 3461 rue Robert Chevalier

km

Suite

Montréal, QC H1A 3R7

Branch # 650610

438-844-2543

Directions More Details

X

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

Fairstone 915 rue Mont-Royal Est

km

Suite

Montréal, QC H2J 1X3

Branch # 650047

514-522-5112

Directions More Details

X

Fairstone 3461 rue Robert Chevalier

km

Suite

Montréal, QC H1A 3R7

Branch # 650610

438-844-2543

Directions More Details

X

Benefits of a debt consolidation loan

Simplified payment schedule

Overwhelmed by payment deadlines? Get a loan to combine multiple bills into one simple monthly payment.

Pay off debt faster

Our Lending Specialists will work with you to find a manageable payment schedule that fits your needs and budget, so you can stay on track with payments and pay off debt faster – especially if you’re making minimum payments today.

Reduced interest charges

By avoiding late or missed payments on your outstanding debts, you’ll reduce additional interest charges, which can add up over time.

Rebuild your credit over time

As you make on-time payments and reduce your debt load, you’ll demonstrate responsible payment behaviour which can improve your credit score over time.

Debt consolidation tools and resources

Debt consolidation loan calculator

Use our user-friendly calculator to quickly estimate potential payments on a debt consolidation loan, and decide which type of loan is right for you.

CALCULATE PAYMENTS

How to get a loan from Fairstone

Familiarize yourself with the application process and documents needed to get a debt consolidation loan.

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 debt consolidation loan

Complete a loan quote

Enter a few simple details and receive your personalized loan quote in minutes. No obligation, no impact to your credit score.
Connect with a Lending Specialist

A Lending Specialist will be in touch to customize your loan details.
Complete the loan application

Gather the necessary documents and finalize your loan application online or in branch, and you could have your money as soon as today.

GET A LOAN QUOTE

Debt consolidation loan in Montréal: What you should know

What types of debt can be consolidated with a debt consolidation loan?

Typically, borrowers use debt consolidation loans from Fairstone to consolidate and pay off outstanding credit card balances, overdue bills, car loans and more.

Should I get a debt consolidation loan?

If you have multiple outstanding bills and debts, or are making minimum payments on a number of debts to stay afloat, a debt consolidation loan may be right for you.

How do I get a debt consolidation loan?

Taking out a debt consolidation loan from Fairstone is simple:

Start with an online loan quote to find out how much money you could qualify for – it only takes a few minutes and won’t impact your credit score.
If you’re interested in your quote, you’ll receive a call from a Fairstone Lending Specialist. They’ll recommend a loan solution and debt repayment plan that suits your needs and budget.
Finalize your loan application online or in branch and have your debt consolidation loan as soon as today.

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.