Average salary
$19.96 per hour19%
Above national average
Average $19.96
Low $10.15
High $30.30
Salary estimated from 9 employees, users, and past and present job advertisements on Indeed in the past 36 months.
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Reviews about Pay & benefits for Loan Specialist at Fairstone
Great people
Lending Specialist (Current Employee) - Lindsay, ON - 30 December 2021
Just wish the bonuses were as competitive as before the pandemic. But it will get there as the growth continues. Great compensation for managers and above but rarely hire positions higher than a lending specialist 2.
Pros
Hour long lunch, family oriented, positive atmosphere
Cons
Training programs lacking.
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Management will dictate your work experience
Lending Specialist (Current Employee) - Windsor, ON - 10 November 2021
Fairstone provides a work culture that is highly based on your direct manager and their relationship with upper management. This position is more sales than I was initially led to believe with tough targets and many mitigating factors that are generally out of your control. Daily tasks are numerous and as with many other positions the better you are at your job the more they pile on your plate often without recognition or thanks. The job is stressful, but it is full time with benefits and standard office hours.
Pros
Full time, benefits
Cons
Stressful work environment, lack lusture management
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Great Career Starter
Lending Specialist 2 (Current Employee) - Kelowna, BC - 11 February 2021
Fairstone was the only financial institution that gave me an opportunity when I just came to Canada 3 yrs ago. You get thrown in the deep end pretty quickly you either learn to swim or sink. I learned to swim and swam pretty well. My manager was exceptional, she is tough but fair. If you make a mistake, she doesn't make you feel stupid, she let you know that everything can be fixed not to worry. She got my back and always fights for her staff. Within 6 months of her coaching I was consistently meeting my targets winning trips and awards. The work load is a lot for the pay you receive but your job is secure and the benefits are great. While other banks cut hrs and closed branches in COVID Fairstone stayed open. Despite the constant abuse from the customers Fairstone is a great place to start your career - it teaches sales skills, patience, tolerance and builds thick skin.
Pros
Great benefits, great management, amazing team
Cons
Disrespectful customers
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