Discover makes getting a personal loan easy as 1-2-3

Choose your loan
Choose your loan amount and term

Tell us how much you want and how long you need to pay it back.

Preview your rate
Preview your rate before you apply

Check your rate, then apply with confidence.

Review terms
Review terms and get funds fast

Your money can be sent as soon as the next business day after acceptance.1

Tell us how much you want and how long you need to pay it back.

Check your rate, then apply with confidence.

Your money can be sent as soon as the next business day after acceptance.1

Want to know your rate before you apply? It doesn't hurt to check.

 Check Your Rate
Or get started by talking with a dedicated loan specialist by calling.
1-866-248-1255 1-866-248-1255 Monday-Friday, 8am-11pm ET Saturday-Sunday, 9am-6pm ET

Estimate how low monthly loan payments can be

Our personal loan payment calculator can estimate monthly payments.

$ 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 6.99% and 24.99% based up on 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.
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Common questions about how to get a loan with Discover

You may need your employment information and income details, as well as your bank account information. If you're consolidating debt and want to pay creditors directly, you'll also need those account numbers and balances.

Our loans specialists review your application. If we have questions, we'll give you a call. If you have questions, it's easy to check your application status.

Most people get a decision the same day. Just be sure your application is complete and your information is complete.

If you're approved, you'll receive your loan terms to review and accept. After acceptance, funds can be sent as soon as the next business day, although it may take longer to receive funds. A Welcome Kit with your loan details will be mailed to you.

Discover Personal Loans lets you check your rate before you apply. Your interest rate is determined by many factors, including your application information, your credit history, and the loan term you select.

See More FAQs

Need more information? Popular personal loan tools and resources

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

See what customers are saying

Read All Reviews

1Funds can be sent as soon as the next business day after acceptance. It may take longer to receive funds.

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. A Discover personal loan cannot be used to pay for post-secondary education or to pay off a secured loan.

Your APR will be between 6.99% 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.

ABOUT SURVEY

All figures are from an online customer survey conducted August 12 to August 27, 2019.  A total of 648 Discover personal loan debt consolidation customers were interviewed about their most recent Discover personal loan.  All results @ a 95% confidence level.  Respondents opened their personal loan between January and June 2019 for the purpose of consolidating debt.