Discover Personal Loans Review

Rating: 9.5 / 10 (Excellent)
16 Customer Reviews - see all reviews
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How is Discover rated?
Loan Basics
Service Features
Additional Fees
Customer Experience

Discover introduced the first cash rewards credit card in the 80s. They've since grown into a vast financial services organization that offers an array of products including home loans, student loans, banking and personal loans. Personal loans give people quick access to funds they can use for a variety of things. Big life events like weddings or college, handling unexpected bills, debt consolidation...these are all reasons people might seek out a personal loan.

Discover offers up to $35,000 in personal loans and flexible loan terms of up to 84 months.  Fixed interest rates ensure monthly payments don’t change which makes for easier payment planning.


Direct Loan Service

Loan Details

Unsecured Personal Loans

Minimum Loan Amount


Maximum Loan Amount


Minimum Loan Period

36 months

Maximum Loan Period

84 months

Loan Rates

6.99% to 24.99% Fixed APR

Direct Deposit

Discover sends funds straight to your creditors or your bank account as early as the next business day after accepting the terms of your loan.


Discover Representative Sample

A consumer borrowing $4,000 at a 15% APR over a 24-month period would end up paying a total of $4,654.72.


Applying for a personal loan is possible through Discover’s secure online application portal, or by speaking with a dedicated loan specialist.

Online Application Time

A few minutes

Response Time

A few minutes


Must be 18 Years Old and Older

Bank account that accepts AC Transfers

Driver’s License or Government Issued Identification

Information Used

Debt Income Ratio

Credit Score

Current Income

Employment History

Discover Personal Loan Summary

Discover is an excellent option for personal loan shoppers looking for quick access to cash. It offers unsecured loans of up to $35,000 and its 84 month loan term enables you to stretch out payment periods, resulting in smaller monthly payments. What's more, Discover makes getting personal loans quick and easy with its secure online application. Their fixed rates ensure you'll get no monthly payment surprises.


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Latest Reviews

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I really need this loan I'm trying to move into a new home and I'm a single mom and I'm trying to get a bigger space for me and my son. I work very hard and I want what's best for my child. I've been denied by other loan places because my credit is bad because of some hospital bills and I can't get no one to approve me for a loan. Please accept my application thank you

Manassas, Virginia
Hello Am Mr Hector Delarosa, Am Legitimate and reliable loan lender.I give out loans on a clear and understandable terms and conditions at 2% interest rate. From $2000 to $4000000 USD, Euro And Pounds Only. I give out Business Loans, Personal Loans, Student Loans,Car Loans And Loans To Pay Off Bills. If you need a loan what you have to do is for you to contact me directly immediately only at: God Bless You. Regards, Mr Hector Delarosa

Nathaniel A
Warren, Michigan
I love discover they will help you help out when you need it

I applied for this loan twice: the first time I got it but I let my offer expire. Two weeks later I applied for the same loan and got denied. My situation is that I am currently about to start a new job with a very decent annual salary, and I have a contract on hand. But the second Discover rep (who denied my application) said that since I am technically "between jobs", I do not qualify for a loan. He told me to reapply once I am on the job. I mean great, I won't need a loan once I have my paycheck! I am very disappointed by Discover. I love their credit card but I am surprised at the superficial formality with which they treated me. I am a very responsible borrower with an... Read More

Johnny C
Las Vegas, Nevada
Worst Personal Loan service out there. Applied for mine on the day of 7/10, spoke to a loan specialist, was told I would be given a link to upload documents. Waited until 7/12, no e-mail received still, called back to find out the loan specialist never sent the e-mail, okay, no biggie. sent the info on 7/13, did not receive a call until 7/16. talked with specialist confirming everything, was told wire transfer would be received in one business day. Now it's 7/26, called back, was told that they tried sending it via wire transfer, did not go through. NEVER CONTACTED ME, decided to just mail me a check. Now was expecting the funds 7/17, it's now 10 days later still no funds. WORST... Read More

Lakeland, Florida
I'm not one for writing reviews, this is one I could not let go by. I went on line filled out the Application which took a few minutes, within a few seconds I received a answer saying I needed to call. I thought about it and I made the call the lady on the phone was very very helpful, some of the best customer service I've delt with I think her name was Caroline, she asked a few questions told me to wait a few minutes and came back and said I was approved for what I ask for. The process was very quick. I called on a Thursday Monday the money was in my account. So now for the papers. They came and just like she said on the phone, no hidden fees, no fees for paying of early, everything... Read More

Beltsville, Maryland
Need loan to to care of son's while between jobs

LaToya L
Houston, Texas
Quick and very easy to use. Helped me with my bills with no problem

joe C
Metuchen, New Jersey
I applied for a Home Equity Loan with discover on August 15, 2016. I have been asked by their processor to submit documents (paystubs, CC statements) 3 times. they are incompetent. Its December 22,2016 and I still have no idea when we will close--not that we're going to. I have since obtained a HELOC with Santander--which BTW took exactly 26 days from application to closing.

Paul Y
Sioux Falls, South Dakota
What a joke. Have sent documents to them twice. They denied receiving them. Post office tracking says otherwise. Shouldn't even need to send them. I've already had a loan with Discover, had the same job for 15 years, and have a 780 credit score. I can't get a loan from them. Like I said, what joke.

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