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See how a Discover personal loan can help you lower your monthly payments
Lock in a fixed rate
We offer competitive fixed rates from 6.99% to 24.99% APR.
Choose your monthly payment
Find a term with monthly payments that fit your budget.
$0 Fees
No closing costs, no origination fees, no prepayment penalties.
We offer competitive fixed rates from 6.99% to 24.99% APR.
Find a term with monthly payments that fit your budget.
No closing costs, no origination fees, no prepayment penalties.
Common questions about personal loans and monthly payments
Our personal loan calculator estimates a monthly payment based on the loan amount, term, and the credit score you select. Your actual payments will also be determined by your interest rate, which is based on information contained with your application.
With a Discover personal loan, you get a fixed rate. That means you'll lock in your interest rate, so your monthly payments will remain the same for the duration of your loan. This is typically the key difference between a line of credit and a personal loan.
In the most general terms, the higher your credit score is, the lower your interest rate and monthly payments may be. Your interest rate is determined at the time of application based on the information you provide. Learn more about factors that impact your credit score.
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See what your rate will be with a Discover personal loan. It’s quick, easy and won’t affect your credit.