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.
Check Your Rate Won't impact your credit score
Some popular ways to use a personal loan
Personal loans can help with other major expenses
-
Plan your dream family vacation, cruise, or European getaway.
-
Cover wedding costs, including the venue, reception, or honeymoon.
-
Financial Emergencies
Get the money you need to cover unplanned expenses.
-
Auto Expenses
Pay for needed repairs.
-
Pet Emergencies
Pay for veterinary bills and other medical costs for your pet.
-
Moving Expenses
Cover moving expenses such as movers, truck rental and packing supplies.
What you can count on from Discover
-
Great RatesSave on interest with a fixed interest rate from x to x APR.
-
Flexible TermsBorrow up to x and repay it over x to x years — it's your choice.
-
No Up-Front FeesPut more of your funds to work with no fees of any kind — as long as you pay on time.
-
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
-
A personal loan has many different uses. Because funds can be deposited directly 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 get 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.
-
Yes, you can take out one personal loan and use it in many ways. Because funds can be disbursed as a lump sum, how you use your personal loan is at your discretion.
-
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.
-
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
Review loan offers in minutes with no impact to your credit score.
Check Your Rate
Or call 1-866-248-1255