Look forward to reaching more of your goals with another loan

As a valued Discover® Personal Loans customer, you can feel optimistic about the future with extra funds.

See Your Loan Options
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You may be eligible for a new loan
The amount of additional funds you could be eligible for is determined by your current loan balance, up to a total of $40K. For example, if your current loan balance is $25,000, you could get up to $15,000 in new funds.
Imagine what you could do with more money
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Refinance debt

Consolidate higher-rate balances into one set regular monthly payment and save money on interest
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Improve your home

Get the money you need for small projects or a big remodel
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Cover big expenses

Tackle the unexpected with funds to cover medical costs or other large purchases

Here’s how your new loan will work:

When you apply for a new Discover personal loan, we’ll make a soft credit inquiry—without impacting your credit score—to determine the rate you qualify for. Depending on the rate you get, you’ll either:

Continue with one loan

If you qualify for the same or lower rate as your current loan, we’ll combine your existing loan, plus the extra
funds you want, into one new loan with just one monthly payment.

Add a second loan

If you qualify for a rate that is higher than the rate for your current loan, we’ll open a second loan for the additional funds. There will be no change to your current loan and you’ll make two loan payments every month moving forward.

A Discover personal loan gives you more to feel good about

No worries about a long wait—you’ll get a same-day decision in most cases. Plus, funds can be sent as soon as the next business day after your acceptance.

See Your Loan Options
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Frequently asked personal loan questions

See More FAQs

Your APR will be between x and x 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 12.99% APR for a term of 72 months, you'll pay just $301 per month.

You must have a minimum individual or household annual income of $25,000, be over 18 years of age, and have a valid US SSN to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements.

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. State restrictions may apply.

For debt consolidation, even with a lower interest rate or lower monthly payment, paying debt over a longer period of time may result in the payment of more in interest. A Discover personal loan is intended for personal use and cannot be used to pay for post-secondary education, to pay off a secured loan, or to directly pay off a Discover credit card.

If your application is approved, we will send funds after you accept the loan. Your bank or creditor may take more days to process the funds.

After you check your rate, if you move forward with an application for a new Discover personal loan, you will need to consent to a hard credit inquiry that will appear on your credit report.