Discover® Personal Loans

No Fees. Period.

Put more of your funds to work with no fees of any kind. 

Check Your Rate Won't impact your credit score
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You can do some amazing things with a personal loan

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Consolidate Debt
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Improve Your Home
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Cover Medical Costs
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See All Uses
Estimate your payments and interest rate
See what your payments could be

Estimated Monthly Payment

$415

8.99% APR

$24,900 Total Cost

Tab down to learn more on how your inputs affect the payment and APR.

$20,000

$2,500
40000

60 Months

36
84

740

660
850

How your details affect the payment and APR

  • Higher loan amounts can raise your APR and increase your payment
  • Longer loan terms can raise your APR and increase your payment
  • Higher credit scores can lower your APR and decrease your payment

Questions? Call us at 1-866-248-1255

Any results are estimates, and we do not guarantee the applicability or accuracy to your specific circumstance.

Results are calculated based on Discover application data as of 10/10/2025.

Using a loan to consolidate debt? Estimate Savings

 

 

What you can count on from Discover

  • Great Rates

    Save on interest with a fixed interest rate from x - x APR.

  • Flexible Terms

    Borrow up to x and repay it over x to x years — it's your choice.

  • No Fees. Period.

    Put more of your funds to work with no fees of any kind.

  • Funds Sent Fast

    Funds can be sent as early as the next business-day after acceptance.

How we calculate our ratings

See Reviews

See why Discover's a great choice

Compare Discover Personal Loans to other lenders
Lenders
Discover Personal Loans 		Citibank Personal Loan Lending­Club SoFi Wells Fargo Personal Loans Prosper Funding Upstart
APR Range*
7.99%-​24.99% 7.99%-19.49% 7.04%-35.99% 8.99%-35.49% 6.74%-26.74% 8.99%-35.99% 6.7%-35.99%
36-84 month repayment terms available for all loan amounts
yes no yes yes no no no
No fees for any customer yes yes no no no no no
Option to pay off many creditors directly yes yes yes yes yes no yes
No prepayment penalties yes yes yes yes yes yes yes
Same-day decision
yes yes yes yes yes yes yes

Chart comparisons conducted by an independent research firm and based on competitor info through 9/8/25.

Frequently asked personal loan questions

See More FAQs

 

Here's how to apply for a personal loan online

1
2
3
1

Check the rates you qualify for with no impact to your credit score.

2

Review your loan offer and submit your application.

3

You can have your money sent as soon as the next business day after acceptance.

Application Details

Check Your Rate

PO Box 30954
Salt Lake City, UT 84130-0924

 

Your APR will be between x and x based on creditworthiness at time of application for amounts between $2,500-$40,000 and loan terms of x-x months. For example, if you get approved for a $15,000 loan at 11.99% APR for a term of 72 months, you'll pay just $293 per month.

You must have a minimum individual or household annual income of $25,000, be over 18 years of age, and have a valid US SSN to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements.

Our lowest rates are available to consumers with the best credit. Many factors are used to determine your rate, such as your credit history, application information and the term you select. State restrictions may apply.

For debt consolidation, even with a lower interest rate or lower monthly payment, paying debt over a longer period of time may result in the payment of more in interest. A Discover personal loan is intended for personal use and cannot be used to directly pay any Capital One account (including any Discover or Capital One credit card), secured loan, or post-secondary education loan or expense.

If your application is approved, we will send funds after you accept the loan. Your bank or creditor may take more days to process the funds.

After you check your rate, if you move forward with an application for a new Discover personal loan, you will need to consent to a hard credit inquiry that will appear on your credit report.

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