Check Your Rate

Why get a personal loan from Discover

Average Customer Rating

See how we calculate our ratings

We calculate the average product rating based on ratings that customers submit. We exclude some reviews from being displayed for reasons such as the customer included profanity, reviewed the wrong product, submitted inappropriate or irrelevant content, or revealed personally identifying information. Reviews are not filtered, edited, or deleted simply because they are negative or are lower rated.  If a review is excluded, the associated rating is not calculated in the average product rating.
choose dollar amount up to $35,000

Skip the fees

No loan origination fees. No fees of any kind as long as you pay on time.

flexible repayment timelines

Fixed rates:
5.99% to 24.99% APR

Lock in your rate. Your set regular monthly payment will never change.

Choose your Monthly Payment
Design your loan terms around you

Use our personal loan calculator to customize a loan amount and length.

Choose your Monthly Payment
Save money

Pay off higher rate loans and credit cards. You could save hundreds - or even thousands - of dollars on interest.

How it works

1
Check your rate

Get your personal loan interest rate and monthly payment with no impact to your credit score. To get started, simply enter the amount and length of the loan you want.

2
Get started in minutes

Our highly trained loan specialists are ready to help you with the application 7 days a week.

3
Funds sent fast

Same-day decision in most cases. Plus the money can be sent as early as the next business day after you accept the terms of your loan.

See how our personal loan benefits compare

Compare Discover personal loan benefits with others
Discover Personal Loans Lending Club Wells Fargo Personal Loans Prosper Funding

Origination fees (% of loan amount)
0%
4.16%*
0%
4.59%*

Flexible repayment terms for all loan amounts - 36, 48, 60, 72 and 84 months

Same-day decision in most cases

Option to pay off creditors directly

Return loan funds within 30 days and pay no interest

Free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more**, †

Chart comparisons conducted by an independent research firm and based on competitor info compiled in December 2021.

*Average origination fee % derived from originations and transaction fees listed in company filings (10-Q) for quarter ended September 30, 2021. 

** Compared lenders may provide a FICO® Credit Score or other credit score and other credit information. See lender's website for further details.

†FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

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How much is a Discover Personal Loan?

Choose from five repayment terms to find a monthly payment that fits your budget. Want a lower payment?

Choose a longer term. Want to pay off your loan sooner and spend less on interest?

Choose a shorter term. Here are some examples.

3 - Year Repayment

$617

set monthly payment1

$20,000 Personal Loan

6.99% fixed APR

Total Cost of Loan: $22,2282

5 - Year Repayment

$396

set monthly payment1

$20,000 Personal Loan

6.99% fixed APR

Total Cost of Loan: $23,7562

7 - Year Repayment

$302

set monthly payment1

$20,000 Personal Loan

6.99% fixed APR

Total Cost of Loan: $25,3472

See how much your monthly payments can be with our Personal Loan Calculator

1Your APR will be between 5.99% and 24.99% based on creditworthiness at time of application for loan terms of 36–84 months. 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.

2Total Cost of Loan is calculated assuming all set regular monthly payments are made on time every month with no fees or penalties applied.

Estimated payments are for illustrative purposes only and assume you pay on time.

We’ve helped nearly 2 million people reach their goals

Read Discover Personal Loans Reviews

See how we calculate our ratings

We calculate the average product rating based on ratings that customers submit. We exclude some reviews from being displayed for reasons such as the customer included profanity, reviewed the wrong product, submitted inappropriate or irrelevant content, or revealed personally identifying information. Reviews are not filtered, edited, or deleted simply because they are negative or are lower rated.  If a review is excluded, the associated rating is not calculated in the average product rating.
Nerd wallet

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I applied for and received my loan during the chaos of the pandemic when many customer service centers were under staffed and overloaded under new circumstances but the Discover customer service was top notch under any circumstances…
— JessL, May 2020
Discover has been great in giving me the opportunity to consolidate my cards... I paid off all my cards and was able to focus on saving especially during these difficult times of viruses and investments dropping.
— Cachie1991, March 2020
You get much more than just a personal loan with Discover
  • check icon

    100% U.S.-based customer service is available to answer any questions.

  • check icon

    Easy account management online or on the Discover mobile app.

  • check icon

    Track your credit score, length of credit history, number of accounts and more.

Ways to use a personal loan

From planning a big event to facing an unexpected expense to consolidating debt, see all the ways to use a personal loan.

Debt management tools and resources

From helpful articles to loan payment calculators, we're here to help you understand your options and get better with money.

Learn more about personal loans

What is a loan origination fee? How do I apply for a personal loan? What is an unsecured loan? How fast can I get a personal loan? Can I use a personal loan for home remodeling and repairs? What is a signature loan?
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Still have questions?

Give us a call and speak with a knowledgeable U.S.-based loan specialist.

1-866-248-1255 Monday-Friday, 8 a.m.-11 p.m. ET Saturday-Sunday, 9 a.m.-6 p.m. ET
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Ready to check your rate?

See what your rate will be with a Discover personal loan. It’s quick, easy and won’t affect your credit score.

Check Your Rate

Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements. Loans are unsecured. Loans are fully amortizing personal loans as long as you pay on time.

You must have a minimum household income of $25,000 to be considered for a Discover personal loan. It cannot be used to pay for post-secondary education, to pay off a secured loan, or to directly pay off a Discover credit card.

Your APR will be between 5.99% and 24.99% based on creditworthiness at time of application for loan terms of 36-84 months. For example, if you get approved for a $15,000 loan at 6.99% APR for a term of 72 months, you'll pay just $256 per month. 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.

We may charge a fee if your payment is late.

© 2021 Discover Bank, Member FDIC | NMLS ID 684042