Discover Personal Loan Application

This application is secure

Your Discover Personal Loan Application has timed out.

For your protection, this procedure is automatic and cannot be altered or modified. To complete your application, please call Customer Service at 1-888-200-0305, Monday through Friday, 8 a.m. to 11 p.m. EST, Saturday and Sunday, 9 a.m. to 6 p.m. EST.

Your Browser’s JavaScript is Currently Disabled

This application is secure

In order to apply online, you must first enable JavaScript or try using another Internet browser.

You can also open an account with one of our helpful Customer Service Representatives by phone at 1-888-200-0305.

Please complete all required fields before submitting this page. Fix This

Security Measures

Your online security is our highest priority. That’s why we adhere to industry standard practices and employ the latest technology to guard your privacy at all times. Here are some of the ways we protect you:

128-bit SSL Technology

We use 128-bit Secure Socket Layer (SSL) to encrypt, or scramble, your personal information being sent over the Internet. This technology is the highest standard available, and makes it virtually impossible for someone else to access your information. To take advantage of SSL, we recommend you use an SSL-compatible browser.

Firewalls

A firewall is a filter used to determine whether information is allowed to travel from one network to another. Discover.com uses multiple layers of firewalls to block critical areas of our network from prying eyes.

System Monitoring

Intrusion detection devices installed throughout the site provide real-time alerts about system changes or attacks. They are monitored on a continual basis to ensure Account protection 24 hours a day, 7 days a week.

Discover Personal Loans FAQ

Frequently Asked Questions

What is a Discover Personal Loan?

A Discover Personal Loan is an unsecured installment loan. The loan is primarily intended to help you consolidate your existing but it can be used for just about anything, including unexpected expenses. It’s easy to apply and simple and convenient to use. Plus it comes with all of these great benefits:

  • A fixed monthly payment
  • Competitive rates
  • Flexible loan terms
  • No collateral/No annual fee/No penalty for early repayment
  • Pay-off your creditors directly with no additional fees or have your loan deposited into your checking account
How may I use my Discover Personal Loan to pay down my debt?

Discover Personal Loans are designed to help you pay down a single debt or consolidate and pay down multiple, higher-interest debts so that you only have to manage one monthly, fixed, installment payment. You will have the ability to specify which accounts you would like for us to pay down directly.

For what other reasons may I use a Discover Personal Loan?

There are many uses for a Discover Personal Loan such as paying down high-interest debt, covering unplanned expenses, making a major purchase, or planning a dream vacation. Discover Personal Loans are designed to meet your financial needs.

What are the benefits of a simple interest loan?

Simple interest is the least complex way to calculate interest and usually results in less interest changed as compared to compound interest. Simple interest is calculated on the original principal only. Compound interest is calculated each period on the original principal and all interest accumulated during past periods. Discover Personal Loans are Simple Interest Loans.

Are there any fees or penalties associated with a Discover Personal Loan?

There are NO FEES or penalties charged on a Discover Personal Loan if you make your payments on time. We may change a $39 fee if you payment is late or you do not have sufficient funds in your bank account to cover a payment made. However, we will not increase your interest rate if this happens.

How will my APR be determined?

Your APR will be selected from a range provided to you within your offer, and is determined by your personal credit history.

Will I need collateral to qualify for a Discover Personal Loan?

No collateral is required to qualify for a Discover Personal Loan.

Can I make extra payments or pay-off my loan early?

You may prepay all or part of your loan at any time without penalty.

What is the 30-day satisfaction guarantee?

If you return the loan proceeds (all amounts advanced to you or on your behalf) within 30 days, we will not charge you any interest and the loan will be cancelled. You must mail your request to cancel in writing, along with a single check for the amount of the loan proceeds to: Discover Personal Loans, PO Box 30954, Salt Lake City, UT 84130-0954. We must receive the loan proceeds check and request to cancel within 30 days of your acceptance of the loan.

Will I have the opportunity to review my offer before I accept, if I am approved?

Yes, you will have the opportunity to review your offer before accepting or rejecting it.

Go Back to Application

Need more time?

For your protection, all application sessions automatically time out after 15 minutes of inactivity.

If you would like to proceed, click the “Continue Now” button below.

If you would like to continue your application at a later date, we will send you a helpful e-mail reminder when it’s more convenient for you.

Your session will automatically end in

We did not recognize your e-mail address. Please re-enter your e-mail address and enter any missing "@" symbols or periods.

Continue Now