Check Your Rate
$ Choose between $2,500 and $35,000
Based on your selection of credit, we are unable to provide you with a payment example.

A minimum score of 660 is required to qualify for a Discover personal loan. You can read more about the importance of your credit history on our Resource Center.

Estimated monthly payment:

Estimated APR:

How did we calculate this result?
Your APR will be between 5.99% and 24.99% based upon creditworthiness at time of application.

Information and interactive calculators are made available as self-help tools for your independent use and are intended for educational purposes only. Any results are estimates, and we do not guarantee the applicability or accuracy to your specific circumstance.

Find out if you prequalify today

See your actual rate. Checking won't affect your credit score.
Check Your Rate

Consolidating debt? See how much you could save with our Debt Consolidation Calculator 

See how a Discover personal loan can help you lower your monthly payments

Locked in a Fixed Loan Rate
Lock in a Fixed Rate

We offer competitive fixed rates from 5.99% to 24.99% APR.

Choose Your Monthly Payment
Choose Your Monthly Payment
Find a term with monthly payments that fit your budget.
No Loan Origination Fees
$0 Fees
No closing costs, no origination fees, no prepayment penalties.

We offer competitive fixed rates from 5.99% 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.

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.

See More FAQs

Explore more personal loan articles, tools, and resources

Check the Resource Center for helpful articles and tools to help you every step of the way.

Discover personal loan reviews

Read All Reviews

See how we calculate our ratings

We calculate the average product rating based on ratings that customers submit. We exclude some reviews from being displayed for reasons such as the customer included profanity, reviewed the wrong product, submitted inappropriate or irrelevant content, or revealed personally identifying information. Reviews are not filtered, edited, or deleted simply because they are negative or are lower rated. If a review is excluded, the associated rating is not calculated in the average product rating.
phone icon

Still have questions?

Give us a call and speak with a knowledgeable U.S.-based loan specialist.

1-866-248-1255 Monday-Friday, 8 a.m.-11 p.m. ET Saturday-Sunday, 9 a.m.-6 p.m. ET
percent icon

Ready to check your rate?

See what your rate will be with a Discover personal loan. It’s quick, easy and won’t affect your credit score.

Check Your Rate

Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements. Loans are unsecured. Loans are fully amortizing personal loans as long as you pay on time.

You must have a minimum household income of $25,000 to be considered for a Discover personal loan. It cannot be used to pay for post-secondary education, to pay off a secured loan, or to directly pay off a Discover credit card.

Your APR will be between 5.99% and 24.99% 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 6.99% APR for a term of 72 months, you'll pay just $256 per month. 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.

We may charge a fee if your payment is late.

© 2021 Discover Bank, Member FDIC | NMLS ID 684042