Take a look at more benefits of a Discover personal loan
Flexible repayment terms
Choose how long you want to pay off your loan, from 36-84 months.
Fixed monthly payments
Lock in a fixed interest rate and your payments won't change.
Loans up to $35,000
And because it's an unsecured loan, you don't need collateral.
Choose how long you want to pay off your loan, from 36-84 months.
Lock in a fixed interest rate and your payments won't change.
And because it's an unsecured loan, you don't need collateral.
A Discover personal loan can help you save money, time, and stress
Save money - 86% of surveyed debt consolidation customers told us they saved money with a Discover personal loan, with the majority of them saying they saved an average of $440 per month.
Pay off debt sooner - 84% of surveyed customers who took out a Discover personal loan to pay off existing debt, told us they paid it off sooner, with the majority of them reporting they paid it off an average of 2 years earlier.
Reduce stress - 80% of surveyed debt consolidation customers told us they felt less stressed after taking a Discover personal loan.
Common questions about personal loans
A personal loan has many different uses. Because funds can be deposited directly into your bank account, you can use a personal loan your way. Personal loans are often used for debt consolidation, so you can pay down your debt at a lower fixed rate. A personal loan can also help finance a large purchase, like a wedding, a vacation, or a home remodel. If you're facing an unexpected expense or a financial emergency, you can get the funds you need quickly with a personal loan. You can also use a personal loan to cover medical bills, adoption or IVF, auto repairs, and more.
Some lenders charge customers a fee for processing and originating the loans—this is an origination fee. This fee is deducted from the total amount of the loan, so if your lender charges origination fees, remember to account for that when you request your total loan amount. Discover Personal Loans does not charge origination fees.
Applying online can make getting a personal loan quick and easy. Most people who apply for a Discover personal loan get a decision the same day. If you're approved for a loan, you'll receive the terms of your loan to review and accept. You can choose to have the money sent to your bank account or directly to your creditors as soon as the next business day after you are approved for and accept the terms of your loan.
Explore more personal loans tools and resources
Check the Resource Center for helpful articles and tools to help you every step of the way.
Discover personal loan reviews
Still have questions?
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