Discover® Personal Loan Uses
What can you use a personal loan for?
With up to $40,000, you can use a personal loan for almost anything.
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Some popular ways to use a personal loan
Personal loans can help with other major expenses
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Plan your dream family vacation, cruise, or European getaway.
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Cover wedding costs, including the venue, reception, or honeymoon.
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Financial Emergencies
Apply for the money you need to cover unplanned expenses.
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Auto Expenses
Pay for needed repairs.
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Pet Emergencies
Pay for veterinary bills and other medical costs for your pet.
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Moving Expenses
Cover moving expenses such as movers, truck rental and packing supplies.
What you can count on from Discover
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Great RatesSave on interest with a fixed interest rate from x to x APR.
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Flexible TermsBorrow up to x and repay it over x to x years — it's your choice.
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No Fees. Period.Put more of your funds to work with no fees of any kind.
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Funds Sent FastFunds can be sent as early as the next business-day after acceptance.
Take the next step on your personal loan journey
Frequently asked loan questions
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A personal loan has many different uses. The money can be deposited into any of your bank accounts. You can use a personal loan in a variety of ways. Personal loans are often used for debt consolidation, so you may be able to pay down your debt at a fixed rate. A personal loan can also help finance a large purchase, like a wedding, a vacation or a home remodel. If you're facing an unexpected expense or a financial emergency you can apply for the funds you need with a personal loan. You can also use a personal loan to cover medical bills, adoption or IVF, auto repairs, and more.
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Yes, you can take out one personal loan and use it in many ways. The money can be deposited into any of your bank accounts. Therefore, you can use your personal loan at your discretion.
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Discover Personal Loans does not make auto loans. If you're buying a motorcycle or RV, a personal loan may help you finance the purchase.
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Most people receive a decision the same day as long as their application is complete and there is no missing information.
Read more about ways to use a Discover personal loan
See what rates you qualify for
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