Fairstone Services

Fig Financial operates as a fully digital lending platform. Fig offers personal installment loans with a fully digital, best-in-class experience.

Fairstone is Canada’s  non-bank provider of responsible lending solutions for near-prime and non-prime borrowers. With 235 branches coast to coast, Fairstone provides personal loans and home equity loans designed to suit today’s borrowing needs. Fairstone also partners with a wide network of businesses to deliver flexible retail purchase and automotive financing programs. With roots in Canada for over 95 years, Fairstone is committed to making a difference in local communities through support for initiatives focusing on financial literacy and health and wellness, among others.

<div>  <p>    Fairstone is Canada&rsquo;s non-bank provider of responsible lending solutions for near-prime and non-prime borrowers. With 235 branches coast to coast, Fairstone provides personal loans and home equity loans designed to suit today&rsquo;s borrowing needs. Fairstone also partners with a wide network of businesses to deliver flexible retail purchase andautomotive financing programs. With roots in Canada for over 95 years, Fairstone is committed to making a difference in local communities through support for initiatives focusing on financial literacy and health and wellness, among others.  </p></div>

Making banking work, without the paperwork

Neobanks

Platforms offering digital checking and savings accounts that target all types of individual consumers

Platforms offering digital checking and savings accounts that target businesses and freelancers

Platforms offering loans and/or other forms of credit to consumers, solely via digital channels

Platforms offering loans and/or other forms of credit to businesses, solely via digital channels

Platforms offering digital checking and savings accounts that target niche consumer segments with specific interests such as kids, teens, and ethnic minority groups

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 <p>Canada's Fairstone Bank developed Fig Financial as a digital lending platform. This platform recently introduced a fully digital personal loan service available to Canadians through its website.</p>
 <p>The platform uses a digital loan application process that offers quick loan approvals within 10 seconds, and allows the user to complete the application within 10 minutes. It also lets users decide on loan amount, repayment duration, and a repayment schedule they find suitable.</p>
 <p>This new product overcomes problems of traditional loan application processes such as lengthy paperwork, slow approval, and strict eligibility criteria. It's goal is to ensure transparency by not hiding any fees, providing excellent customer service, and providing round-the-clock accessibility.</p>
 
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Fairstone Services

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