Our Rating: 96%


Discover Personal Loan Review

Loan Amount:
$2,500 - $35,000
Minimum Credit Score:
Not Specified (High to Excellent Credit)
APRs From:
6.99% - 24.99%
Funding Speed:
As fast as one business day

Discover, the company is best known for its industry leading credit cards also offers personal loans featuring competitive rates and no fees. Because discover personal loans do not charge an origination fee, borrowers can save thousands on the overall cost of a loan as compared to other lenders. These loans are available to borrowers with great or excellent credit scores.

Check your pre-qualified personal loan rates online now.

Discover Personal Loan Overview

Discover offers unsecured personal loans are available to borrowers with good to great credit. These loans can be used for any reasonable purpose.

Discover features a convenient online loan process. Once a borrower is approved, the funds may be deposited in as little as one business day.

Discover makes managing your loan simple with their highly-rated mobile app. From the app, borrowers can manage payments and view their payment history.

Discover’s does not include an autopay discount like many of its competitors. They do offer other perks, like a wider range of repayment terms, refinancing options, a free monthly credit report, and a 30-day loan guarantee.


  • No origination fee.
  • Direct payment to creditors available.
  • Discover mobile app to manage loans.
  • Loans may be funded within one business day.
  • Multiple repayment options.


  • Late fees charged if applicable.
  • No co-signed or joint or secured loan options.
  • No rate discount for autopay.
Get Pre-Qualified for a Personal Loan Today
What loan amount would you look to borrow?
Loan Amount $

Discover Personal Loan Eligibility Requirements

  • A minimum credit score of 660. However, the borrower average is 750.
  • The borrower must be a U.S. citizen or permanent resident.
  • The borrower must be at least 18 years old.
  • The borrower must have a minimum household income of $25,000.