How to get a personal loan

Calculate your personal loan options with our online calculator

Begin by using the Discover Personal Loan Calculator to estimate the amount you might borrow, along with your potential APR and payments. This efficient, hassle-free process helps you understand your options without any impact on your credit score.

Complete a personal loan application online

You'll be presented with a few loan options to choose from — and can then apply in minutes. Here's what you'll need:

• Income and employment information for verification
• Bank account and routing numbers for direct deposit
• Balances and accounts for creditors if you're consolidating debt

Once your application is received, a loan specialist may call you to verify your info and final details.

Get an approval decision

We'll let you know the APR, loan amount and payment terms if you're approved. You'll then be able to review the full details before you accept.

Receive your funds

Once approved and accepted, your funds can be sent as soon as the next business day to:

• Pay off many creditors directly
• Or have the money deposited directly into your bank account

If, for some reason, we're unable to disburse as you requested, we would either issue you a check for the difference or credit your loan balance.

Pay off your loan

Could save money with a lower interest rate and simplify with a single, fixed monthly payment.