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.
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.
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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.
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
Loan to consolidate my debts
Great service and fast to see if I was approved. Customer service was very alert and questions were answered quickly.
The application process was so easy and the credit cards were paid off within a few days.
Very Easy Process
Very easy to calculate payments, interest and time to pay off.