Personal loan for debt consolidation

Make progress toward a better financial future

Get up to $40,000 to consolidate debt.

Check Your Rate It won't impact your credit score
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What is a debt consolidation loan?
A debt consolidation loan allows you to combine multiple higher-rate balances into a single loan with one set regular monthly payment. It is one of several tools you might consider to gain control of your debt, from bills to credit cards. With a Discover® personal loan, for example, you can apply for up to $40,000. With rates from 6.99% to 24.99% APR, we could help you save money on higher-rate interest and pay off your debt sooner.

Which consolidation option is right for you?

Debt consolidation isn't one-size-fits-all. That's why Discover offers solutions to help you consolidate your debt in a way that works for you.

Personal loans for debt consolidation

  • With a debt consolidation loan, you can save money on higher-rate interest with a lower-rate loan
  • Personal loans can be used to consolidate bills and credit card debt
  • Choose a repayment term that works for you, from 36- to 84-month terms
  • Pay off your consolidated debt with one set regular monthly payment
  • Borrow between $2,500 and $40,000 with a Discover personal loan

Balance transfers for credit card debt

  • Balance transfers let you use the available credit on a credit card to pay off other debts
  • The consolidated debt amount is added to your credit card balance
  • When you complete a balance transfer, you can save money with a low promotional APR for a set period
  • You'll also still take advantage of one set payment instead of many
  • Transfer a balance with Discover Card

How can you start consolidating debt?

A personal loan for debt consolidation can help you feel in control and get excited about your financial future. Here's how you can start on the path to a brighter future with Discover Personal Loans:

  1. See what personal loan offers you qualify for
  2. Complete a personal loan application in minutes
  3. Get an approval decision
  4. Your funds can be sent on the next business day
  5. Pay off your loan; you can choose to have the money sent to your bank account or directly to your creditors as soon as the next business day after you are approved for and accept the terms of your loan.

Ready to move toward a debt-free future?

Check Your Rate

See how much you could save with a Discover personal loan

Enter your credit score, and a few details for each debt balance you hold (up to a total of x) — and we'll show you how much you might be able to save.


Debt Entry #
Debt Entry #

Here's what you told us

Your Credit

Total Debt

Average APR

Total Monthly Payments

Here's how we can help

Save Money

Less Interest
Save Time

Sooner Payoff
This estimate maintains your current monthly payment for a term at APR with a total loan cost of .

Rates are calculated based on Discover loan data as of 04/03/2023.

See if you qualify for this loan with no impact to your credit

Check Your Rate

We're unable to provide an estimate

Based on the information you entered, consolidating debt with us may not save you money. Feel free to give us a call to speak with a dedicated loan specialist if you have additional questions or would like to explore other options.

Monday - Friday, 8 a.m. - 11 p.m. ET

Saturday - Sunday, 9 a.m. - 6 p.m. ET

Need to borrow more? Discover® Home Loans makes mortgage loans between $35,000 and $300,000.

We offer one of the best personal loans to consolidate debt.

Don't just take our word for it. See what our customers have to say.

Click here to see all Reviews

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So happy I used Discover

"Easy and quick transaction, friendly and knowledgeable customer service. I consolidated my debt and so happy I used Discover for a personal loan."

-MrsJoey, 3/12/23

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My #1 Choice

"Discover comes thru for me every single time. I've gotten about 5 loans from them in the past 10 years and they will always be my #1 choice due to great customer service and best rates!"

-Kari86, 3/19/23

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Fast and Easy

"I took out a loan to consolidate my credit cards. The online application was fast and easy, and their response was almost immediate after the request of income verification."

-david2260, 1/12/23

Frequently asked questions about debt consolidation

Still trying to decide if debt consolidation is right for you?