Wondering, “Am I eligible for a personal loan?” Find what it takes to be eligible for a personal loan with these resources from Discover Personal Loans.

10 Things You Need to Know About Personal Loans

A couple looking online for information on personal loans.

If you’re confused about what to know about personal loans, you’re not alone.

First, what is a personal loan? How high or low are the interest rates? What’s involved in taking out a personal loan? Do you need collateral? What about your credit score?

There’s a lot of … Read More

What is Debt-to-Income Ratio?

Debt-to-income ratio (or DTI) is an important indicator of your financial health. It calculates how much of your monthly income goes toward paying current debt (including mortgage and rent payments).

Lenders may use your DTI to determine their risk in lending to… Read More

How to Apply for a Personal Loan?

woman looking at financial papers

If you’re thinking about consolidating debt or looking for a loan to cover some unexpected expense or major purchase, maybe you’ve researched personal loans.

When you apply for a loan, a lender will assess your ability to pay it back in full. Whether or not your personal… Read More