Get funds fast for major expenses and more

Whether you're starting a family, starting a business or funding another major purchase consider a personal loan.

Financial Emergencies
Financial Emergencies

When savings aren't enough to cover the unexpected.

Medical Bills
Medical Bills

Pay for health care costs not covered by insurance.

Adoption and fertility
Adoption and Fertility Costs

Cover the cost of adoption or IVF treatments.

autorepair
Auto Repairs

Cover car repairs your auto insurance may not.

Small Business
Small Business

Cover expenses associated with your small business.

Pet Emergencies
Pet Emergencies

Pay for unexpected vet bills and medical costs for your pet.

A Discover personal loan offers flexible financing to fit your needs

funds icon
Choose the amount you need

Loans to $35,000 to cover unexpected or major expenses.

customize your loan
Customize your loan terms
Decide how long you want to pay back your loans from 36 to 84 months.
Get funds
Get funds you need quickly
Unexpected expense? After acceptance, funds can be sent fast.

Loans to $35,000 to cover unexpected or major expenses.

Decide how long you want to pay back your loans from 36 to 84 months.
Unexpected expense? After acceptance, funds can be sent fast.

Want to see what your monthly payments could be? Check out our Personal Loan Calculator.

Know your rate first—checking won't affect your credit score. Check Your Rate

Common questions about personal loan uses

Yes, you can take out one personal loan and use it in many ways. Because funds can be disbursed as a lump sum, how you use your personal loan is at your discretion.

Yes, a personal loan can help cover medical bills that your insurance may not. Many families face expenses that some insurance plans don't cover, like braces or extensive dental work. A personal loan can also help finance corrective or cosmetic surgeries that aren't covered by insurance.

While auto loans are common, they may not be the right solution for every vehicle purchase. You may want to consider a personal loan for alternative vehicle financing. If you're buying a motorcycle or RV, a personal loan can help you finance the purchase.

See More FAQs

More resources on loans, budgeting, and saving

Our Resource Center has helpful articles and tools to show all the ways to use a personal loan.

Discover personal loan reviews

Read All Reviews

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.