Discover Personal Loans Review

Rating: 9.5 / 10 (Excellent)
15 Customer Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. Learn more.
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.


Our Partner
9.5 / 10
  • Fixed-rate personal loans up to $35,000
  • Check your rate with no impact to your credit
  • No origination fees. No closing costs. No pre-payment penalties.
  • Loan terms from 36 to 84 months
  • Rates ranging from 6.99% to 24.99% APR
  • Funds sent the next business day after you accept loan.

Latest Discover Reviews

Newark, New Jersey

Fast and reliable, spoke to them and had the money deposited into my account the next day, thank u discover, You are the best.

Matthew M
New York, New York

I used Discover for my student loans and was very pleased with them. 5 stars.

Nathaniel A
Dearborn Heights, 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

LaToya L
Houston, Texas

Quick and very easy to use. Helped me with my bills with no problem

joe C
New Brunswick, 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
Rapid City, 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.

Jeff M
Richmond, Indiana

They claim you can apply without affecting your credit score, so I did and was pre-approved pending employment and income verification. So I accept and allow them to post a hard inquiry because I know I can verify my employment and income reported. They pulled 2 hard inquiries! After forwarding them proof of income, proof of employment and last years tax returns I hear nothing for 1 week after being told I would hear within 48 hours, I follow up with them and they tell me they cannot do my loan. Their reason given was due to my current monthly obligations. I have a 90 day personal loan for $5000 that is a 1 time payment which they included in my monthly obligation. My credit score is 676... Read More

Allendale, Michigan

Hi. Bear with me through my story to explain why I will never use a Discover product again (I will be cancelling my card soon). I am a soon-to-be college graduate. I just accepted a job offer for 72.5k with a 10k signing bonus. Then my car broke down and needed an engine swap. The signing bonus wouldn't come in until a month after I signed (three weeks after my car broke down). But I need my car to get to class. So I applied for a loan. I was approved initially but they needed to confirm my job. So, I uploaded my offer letter and received an email stating that I should wait up to 2 business days for them to call back with more information. I waited 4 business days and no call. I... Read More

Detroit, Michigan

This is the worst company ever. I received a statement in May after I paid Discover $6400.00, which was the payoff balance and 3 months later I received another bill from Discover with a balance of $515.90. I truly believe, Discover has lost it. They are only interested in keeping people in bondage. If you are vacillating whether to obtain a loan from discover, please do not. It is not worth the headache.

Ann Arbor, Michigan

I had an excellent experience with Discover Loans. I'd been receiving the pre-approved letters for awhile but only recently decided to contact them to see what they could offer - and I was pleasantly surprised how easy the process was. I received a better rate than I expected and the application was very straightforward. I'd done a Prosper loan in the past, which was also relatively straightforward, and my experience with Discover was slightly better in terms of simplicity in the process, but both were great. I'm not certain why others have had negative experiences, but mine was excellent (I don't have perfect credit, but I've never had a late payment and have a long credit history, so... Read More

Chicago, Illinois

Quick and easy process auto-pay and no surprises works good for me

Credit A
Broken Arrow, Oklahoma

I was quickly approved for a loan that I will be using to consolidate of a couple of credit cards. Process went very smoothly! I will be able to make one payment at a much lower interest rate now! Very happy with that. For those that are not getting approved, it is not the is more than likely your credit history. If you are someone who pays your bills on time and have a decent income to debt ratio you should be just fine. If you have a crappy credit score.....good luck.