Discover® Personal Loans
Enjoy fixed rates from 7.99% to 24.99% APR, zero fees of any kind, and loan terms from 36 to 84 months. Borrow up to $40,000 with fast funding.
Discover Personal Loans offer fixed interest rates ranging from 7.99% to 24.99% APR. Borrowers can request amounts from $2,500 up to $40,000, choosing terms between 36 and 84 months. Notably, these loans have absolutely no fees — no origination, late, or prepayment fees, making them stand out for borrowers who want a straightforward repayment experience.
Applying is simple and starts with checking your rate online, an action that won’t impact your credit score. You’ll review your offer and, if satisfied, complete a full application. Once approved and you accept the offer, funds can be disbursed as soon as the next business day, assuming there are no application errors and the conditions are met. The online application is user-friendly, and Discover’s customer service is available if you have questions along the way.
How to Apply for a Discover Personal Loan
- Check your rate without affecting your credit score
- Review loan offers and select terms
- Submit your application online
- Once approved, accept the offer
- Receive funds as early as the next business day
Pros
One of the major advantages of Discover Personal Loans is the complete absence of fees, which maximizes the value of your borrowing. The fixed rates ensure predictable monthly payments, and the range of available amounts and flexible repayment terms appeals to a wide variety of needs. Additionally, Discover’s strong reputation and high customer satisfaction ratings provide peace of mind.
Cons
While Discover Personal Loans offer many advantages, the minimum income and credit score requirements may be a barrier for some borrowers. Also, the interest rates for those with lower credit scores can be on the higher end compared to other lenders, so it’s important to review your offer carefully before accepting.
Our Verdict
Discover Personal Loans are an outstanding choice for eligible borrowers looking for no hidden costs and a quick, easy application process. The absence of fees, flexible terms, and fast fund disbursement will be especially attractive for individuals seeking transparency and reliability in personal lending.