Discover Personal Loans: What to Know and How to Compare

Written by the MoneyTools editorial team. See our Editorial Policy and Corrections Policy.

Independence notice: Discover® is a third-party brand. MoneyTools is not affiliated with, endorsed by or operated by Discover or Capital One, and has no affiliate or referral relationship with them.

What Discover's official pages say

The details below were checked against Discover's official website on October 16, 2026. Products and terms change, so confirm everything on discover.com/personal-loans before applying.

• Lender: Discover Personal Loans are made by Capital One, N.A.; Discover is a division of Capital One, N.A. (terms and conditions).
• Loan amounts: $2,500 to $40,000.
• Rate type: fixed rate, so the monthly payment stays the same if paid on time (FAQs).
• Fees: Discover states it charges no origination fee and advertises "no fees of any kind." Read the loan agreement for the full fee terms.
• Checking your rate: Discover says you can check your rate before applying with no impact to your credit score.
• Minimum requirements listed: individual or household annual income of at least $25,000, age over 18, and a valid US Social Security number. Meeting them does not guarantee approval.

APR range and loan terms: we could not verify a current APR range or term range from Discover's public pages, so we don't list them here. Your rate depends on your credit, application and chosen term. Check your rate directly with Discover.

Comparison checklist

Get at least two or three quotes, then compare each one on:

1. APR offered to you (not the lowest advertised rate).
2. Fees: origination, late payment, returned payment and prepayment penalties.
3. Amount received after any fee is deducted.
4. Term length and the resulting monthly payment.
5. Total repayment (monthly payment × number of payments).
6. Funding speed and whether the lender can pay creditors directly for debt consolidation.
7. Hardship options if you fall behind.

Enter each offer into the personal loan calculator or APR calculator to see the true cost side by side.

Alternatives to compare against

• Local credit unions and banks. See how to find loans near you.
• Other online lenders licensed in your state.
• If your credit is limited, read personal loans for bad credit.
• Consolidating credit cards? Compare with the credit card payoff calculator.