Table of Contents:
How Discover Personal Loans work?
Why choose Discover Personal Loans?
Does Discover give personal loans?
Is Discover personal loans legit?
What is the minimum credit score for a Discover personal loan?
What are Discover Personal Loans rates?
Discover Personal Loans calculator
Can you pay off a Discover personal loan early?
Can I use Discover debt consolidation loan for other purposes too?
How do I apply for Discover Personal Loans?
Personal Loan direct lenders like Discover
Discover Personal Loans phone number
Discover Personal Loans
Discover offers Personal Loans from $2,500 to $35,000 at fixed rates of 6.99 - 24.99%. You can use it for any of the following purposes:
- Debt consolidation
- Home remodeling
- Wedding financing
- Vacation
- Medical bills
- Small business
- Auto repairs
- Pet emergencies
How Discover Personal Loans work?
- Check your rates by entering the amount and length of the loan into an application form. It doesn’t affect your credit score.
- Apply online in a few minutes. Discover specialists will help you any time 7days a week.
- Get the decision the same day. If approved, get the funds directly to your account.
Why choose Discover Personal Loans?
- There are no loan origination fees
- There’re no penalty fees if you pay on time
- Fixed rates with APRs ranging from 6.99% to 24.99%
- Affordable flexible payment plans up to 84 months
- Agree on the loan terms suitable for you
- No prepayment penalties
- 100% U.S.-based loan specialists
- Free consumer education tools
- You can return loan funds within 30 days and pay no interest
Discover Personal Loans FAQ:
Does Discover give personal loans?
Yes, Discover provides personal loans with a flexible payment plan and fixed rates to borrowers with good to excellent credit (690 or higher on the FICO scale). Discover Personal Loans are ideal for borrowers who want to consolidate debt.
Is Discover personal loans legit?
Discover is BBB accredited business working in accordance with the Federal Deposit Insurance Corporation (FDIC). So, Discover Personal Loans are absolutely legal. You may stay assured that all your data will be safe and the loan process will be secure.
What is the minimum credit score for a Discover personal loan?
The minimum credit score a borrower must have in order to apply for a Discover Personal Loan is 660 FICO credit score.
What are Discover Personal Loans rates?
The total cost of a Discover Personal Loan consists of:
- APR of 6.99% to 24.99%;
- Late payment fee of $39 in case you default the loan.
Discover Personal Loans calculator
Discover personal loan payment calculator makes it easy to estimate monthly payments based on loan amount and credit score. You just enter the loan amount, length of loan, your credit score and press “estimate payments”.
Can you pay off a Discover personal loan early?
With a Discover personal loan, there are no application or origination fees. There are no prepayment penalties if you decide to pay your loan off early.
Can I use Discover debt consolidation loan for other purposes too?
Yes. You can use some of your loan funds from a debt consolidation loan for another purpose — such as car repairs or taking a vacation — but at least 70% must go directly to your creditors.
How do I apply for Discover Personal Loans?
To apply for a Personal Loan from Discover you are to meet certain requirements:
- US residence;
- Age over 18;
- Minimum credit score of 660;
- Minimum gross monthly income of $25,000.
If you follow these requirements, you can start loan application. It’s available by phone, mail or online. To apply for Discover Personal Loan online, follow these easy steps:
- Choose Discover Personal Loans on their website.
- State the loan amount and the terms, then click Check Your Rate.
- Enter your personal information.
- Fill in your employment, income and citizenship details, as well as your Social Security number and date of birth.
- Read the agreement details carefully and sign it.
Personal Loan direct lenders like Discover
Personal Loan lender |
Amount |
Terms |
APR |
Additional fees |
Minimal credit score |
Discover |
$2500 - $35000 |
3 – 7 years |
6.99 - 24.99% |
Late payment fee of $39 |
660 |
$5000 - $35000 |
A few months to several years |
Min 4.99% |
None |
None |
|
$3000 - $100000 |
1 – 7 years |
5.49% to 24.49% |
None |
660 |
|
$5000 - $35000 |
1 – 7 years |
Min 4.99% |
None |
Bad credit is OK |
|
$1000 - $100000 |
2 - 7 years |
5% - 36% |
None |
660 |
|
Prosper |
$2000 - $40000 |
2 – 7 years |
6.95% to 35.99% |
2.41% to 5% origination fee
|
640 |
Discover Personal Loans login
Login to Discover and manage your Personal loan any time online. Discover Account Center lets you:
- Set automatic payments
- Get your loan amortization schedule
- View your statements
- Sign up for account alerts
- Access your FICO® Credit Scorecard
To login to Discover you need:
1. Sing up to the website – enter your personal account information;
2. Create login and password;
3. Verify the information.
Discover Personal Loans phone number
To apply and submit a Discover Personal Loan application online you can call 1-866-248-1255 and a specialist will take your request over the phone. The phone service is available Monday-Friday, 8am - 11pm ET, Saturday-Sunday, 9am - 6pm ET
Discover address
Discover Financial services headquarters is situated at 2500 Lake Cook Rd, Riverwoods, IL 60015,
(224) 405-0900
The opening hours are:
Mon: 9am-5pm
Tue: 9am-5pm
Wed: 9am-5pm
Thu: 9am-5pm
Fri: 9am-5pm
Discover customer service
You can contact Discover customer service by phone 1-877-256-2632, TTY/TDD for the Hearing impaired 1-866-710-3357 Monday-Friday, 8am - 8pm ET
Or write to them Discover Personal Loans, P.O Box 30954, Salt Lake City, UT 84130-0954
Discover Personal Loans reviews
Discover offers Personal loans up to $35000 with no origination fees and direct repayment, which you can use to consolidate debt.
The pros and cons of Discover Personal Loans are:
- Pros
-
- 100% U.S.-based loan specialists to answer any questions.
- Easy account management online or on the Discover mobile app.
- Free credit score, length of credit history access, number of accounts and more.
- No origination fee. Option to directly pay creditors.
- Fixed rates with APRs ranging from 6.99% to 24.99%.
- Flexible payment plans up to 84 months.
- No penalty for prepayment.
- Free consumer education tools.
- Cons
-
- Late payment penalty fees.
- No co-signer option.
- Not suitable for bad credit borrowers.
Other Discover loans you can find useful
Besides Personal Loans Discover also offers:
- Credit Cards
- Online Banking
- Home Equity Loans
- Student Loans
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