Part of Personal Loans
A secured loan uses an asset as collateral. Compare it with unsecured borrowing using the same amount and repayment period. Home-equity borrowing deserves particular care because your home supports the debt.
Compare the 2 listed products below. Open a product for its terms and source links. Missing terms are not confirmed.
Fairstone
Personal borrowing secured by home equity. An initial quote is described as no-obligation, but later lending checks and the final agreement require confirmation.
TD Canada Trust
Home-equity borrowing for larger expenses such as renovations. The home supports the borrowing and is at risk if obligations are not met.
Request interest, all fees, total payments and early repayment conditions. A smaller regular payment does not establish a lower total cost.
The lender may take the pledged asset if payments are not made. Security does not guarantee approval or make borrowing harmless.
Yes. A secured lender may enforce its security if you cannot repay.
Request the interest rate, all fees and the total amount repayable.
Check payment frequency, early repayment rules and missed-payment consequences.
Confirm whether collateral is required and which eligibility checks apply.
An advertised rate is not necessarily the rate you will qualify for. Secured borrowing puts collateral at risk.
Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.
Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.
For further guidance, visit Financial Consumer Agency of Canada.
This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.
Finvilo