Discover Personal Loans – Personal Loan
Discover offers fixed-rate personal loans with no origination fees, 30-day money-back guarantee, and direct payment to creditors for debt consolidation.
Applying does not obligate you to accept a loan offer.
Discover Personal Loan – 2026 Review
Discover Bank is best known for credit cards, but it also offers competitive personal loans backed by US Bancorp. Discover's key differentiators are a 30-day money-back guarantee and the option to send loan funds directly to creditors when consolidating debt.
Discover Loan Features
Loans range from $2,500 to $40,000 with fixed APRs from 7.99% to 24.99%. Terms run from 36 to 84 months. There is no origination fee, no closing costs, and no prepayment penalty.
✓ Pros
- No origination or prepayment fees
- 30-day satisfaction guarantee
- Direct creditor payments
- Strong customer service
✗ Cons
- No joint or co-signed loans
- Maximum loan $40,000
- Late fee of $39
Loan Example
Example: $10,000 loan for 48 months at 11.99% APR = monthly payment of $263.34, total payable $12,640.32.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen or permanent resident
- ✓ Household income $25,000+
- ✓ Credit score 660+
- ✓ Active US bank account
Loan Features
- No origination fees
- 30-day money-back guarantee
- Direct creditor payments
- Loans up to $40,000
- Free FICO score access
Frequently Asked Questions
Next business day after submitting your application.
The minimum amount at Discover Personal Loans is $2,500 USD.