See the Step-by-Step Process to Apply for the Discover Personal Loans

Discover is a multi-service financial company that offers highly flexible loan plans for various purposes; see how to apply!

What do I need to know before applying for a Discover Personal Loans?

Discover offers personal loan plans ranging from $2,500 to $40,000, with repayment terms between 36 and 84 months and rates as low as 7.99%!


Discover Personal Loans

Flexible plans Rates starting at 7.99% No origination fee Online privacy protection

Already familiar with Discover? Then check out the ad and apply now.


* You will be directed to an external website

Discover is one of the leading financial companies in the USA, offering a range of services, especially in the credit card sector.

Additionally, it owns brands like Dinners Club International, showing a commitment to customer well-being.

Among the range of options, Discover offers unsecured personal loans, a type that does not require the deposit of assets such as property, vehicles, or other goods as collateral.

Personal loans range from $2,500 to $40,000, with APR rates between 7.99% and 24.99%. Speaking of rates, Discover doesn’t have surprises like prepayment penalties or origination fees.

In fact, you’ll know exactly how much you’ll have to pay the following month, as rates are based on your possibilities and credit history.

Therefore, individuals with good credit scores may qualify for the minimum rate of 7.99%.

Discover’s loans can be used for various purposes, such as debt consolidation, home improvements, and covering medical expenses.

Discover’s platform provides comprehensive content to help you understand the differences between each type of loan.

And if you want even more details about the application process, keep reading.

Who can Apply?

Learn more about Discover’s loans! Photo by Freepik.

Discover provides very clear conditions for selecting its borrowers.

Individuals must be at least 18 years old and have a valid U.S. SSN. Therefore, they must be born in the USA or have a duly regularized work visa.

Customers need to have proof of residency in US territory as well as a valid bank account to receive the money.

Discover also has income and credit score requirements. Thus, you need to have a verifiable individual or household income of at least $25,000. Additionally, you can only apply with a credit score of at least 660 FICO points.

Therefore, you must meet all the conditions to apply for a loan with Discover. However, all requests are subject to the company’s availability.

How do I Apply for the Discover Personal Loans?

Right on the personal loan section’s homepage, you can check the relationship between loan amounts and repayment terms.

Furthermore, you can also fill out the Check Your Rate form without obligation and without affecting your credit.

The process for applying for Discover personal loans differs somewhat, as it doesn’t necessarily involve a direct online form. Instead, the bank’s platform provides a link labeled “Check Your Rate,” even for those with a personal invitation code.

The “Check Your Rate” link provides a phone number, +1-801-619-2520, for calls on weekdays from 8 a.m. to 11 p.m. and weekends from 9 a.m. to 6 p.m.

To apply for the loan, customers will need to provide the following information during the call:

  • Full details, including name, physical address, phone number, Social Security number, and email address.
  • Information about household income, including income type, net and gross amounts, as well as expenses.
  • Bank account number and details, including balances and account numbers.

During this process, customers may be required to submit documents such as proof of income, address, and identity.

You may send documentation via fax to the numbers 1-224-813-5200 and 1-800-161-1140, or to the mailing address on the official website.


Discover Personal Loans

No prepayment penalties Up to 7 years for repayment Quality information Premium customer service

Now that you have all the information, apply today.


* You will be directed to an external website

More Details

Discover mentions that most applications are reviewed on the same day as submission, and providing accurate information facilitates the process.

If approved, customers may receive the funds in their account as soon as the next business day.

However, it is essential to be prepared for potential issues or delays that may arise during the application process.

The Discover platform shows an average rating of 4.9/5 based on over 27,000 reviews, which is a highly relevant review.

In addition to favorable rates, Discover offers online privacy protection to safeguard your data on the internet and ensure efficient use.

Want to learn about another option?

LendingPoint is another reputable company in the American market that offers loans of up to $36,500, with rates starting at 7.99%.

The conditions offered by LendingPoint are quite similar to Discover’s, and you can check out the article on how to apply.

Gabriel Gonçalves
Written by

Gabriel Gonçalves

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