PERSONAL LOANS. A CLEARER WAY TO BORROW.
10%Fixed APRAnnual percentage rateView lending details
Discover Financial offers fixed-rate personal loans from $2,000 to $25,000, with repayment terms of 12 to 60 months and no prepayment penalty. Explore your options, understand the costs and find a payment that works for your everyday life — all before you commit to anything.
10% fixed APR is subject to credit approval, eligibility and availability. Review fees and final written terms before accepting. Approval and funding are not guaranteed.
PERSONAL LOANS AT A GLANCE
Discover Financial LLC is a personal-loan lender based in San Diego, CA. Here is exactly what we offer, stated plainly.
Loan amounts
Borrow only what you need within this range.
Fixed interest rate
Your rate and payment never change.
Repayment terms
Choose 1 to 5 years to suit your budget.
Prepayment penalty
Pay off early without an extra fee.
The 10% APR is fixed and subject to credit approval, eligibility and availability. Amounts, terms and funding are confirmed in your final written disclosures.
A PERSONAL LOAN. A PERSONAL REASON.
Every situation is unique. These common purposes can help you think about what you need, how much to borrow and how long you want to repay.
Debt consolidation
Combine multiple payments into one monthly installment. Compare your current total monthly payments, interest rates and fees against the cost of a consolidation loan to make sure you come out ahead.
Consolidation does not eliminate debt — it restructures it. Always compare the total repayment.
Plan your paymentHome projects
A kitchen refresh, a bathroom upgrade, a new roof or a long-overdue repair — plan the project budget alongside the borrowing cost so the improvement pays off in comfort and value.
Include materials, labor and a contingency buffer when estimating the total you need.
Plan your paymentUnexpected expenses
A medical bill, an emergency car repair or a family situation you did not see coming. Before borrowing, check whether savings, a payment plan or insurance could cover part of the cost.
If the expense is recurring, building an emergency fund may be more sustainable than borrowing.
Plan your paymentPersonal purchases
A meaningful purchase, a professional certification, a once-in-a-lifetime trip or a family milestone. Choose a payment that still leaves room for your everyday expenses and existing obligations.
Ask yourself: will this purchase still feel right when the last payment clears?
Plan your paymentIllustrative borrowing purposes. Permitted uses, product availability and eligibility are subject to the applicable loan agreement and state law.
One rate. One payment.
One clear plan.
UNDERSTAND WHAT YOU ARE GETTING.
Unlike credit cards with variable rates and minimum payments that barely touch the principal, a personal installment loan gives you a defined finish line.
BUILT FOR CLARITY.
A personal loan is not the right answer for every situation. But when it fits, these features make it easier to plan and easier to manage.
A fixed APR means your interest rate and monthly payment stay the same from the first installment to the last. No surprises halfway through your repayment.
Equal monthly payments on a set schedule. You know exactly when your loan will be paid off, making it easier to plan the rest of your budget.
Choose a repayment term that matches your cash flow. A shorter term costs less in total interest; a longer term reduces the monthly installment.
Review every fee before you accept. The written loan disclosures list the origination fee, late-payment charges and any other costs so you can compare clearly.
When you consolidate higher-rate debts into a single lower-rate loan, you may save on total interest — but only if the total repayment is actually less.
Before you sign, you receive a written disclosure that spells out the amount financed, APR, finance charge, total of payments and your payment schedule.
BORROW WITH THE WHOLE PICTURE IN MIND.
Borrowing should fit the life you have, as well as the plans you are making. Before you commit, walk through this checklist — your future self will thank you.
Build your payment planInclude rent, utilities, groceries, insurance, existing debts and at least a small savings contribution in your budget before adding a new loan payment. A loan that crowds out essentials is not a good plan.
A longer term lowers the monthly payment but increases total interest. Run the numbers both ways in our calculator. Sometimes paying a little more each month saves hundreds over the life of the loan.
Review the APR, finance charges, origination fees, late-payment penalties, prepayment terms and the total repayment figure. If something is unclear, ask — you have the right to understand what you are agreeing to.
Think about what happens if your income changes or an unexpected expense appears. Consider whether you have an emergency fund, family support or the ability to reduce discretionary spending temporarily.
A larger loan means more interest, even at the same rate. Borrow the amount that solves the problem — not the maximum you qualify for.
KNOWLEDGE IS YOUR BEST TOOL.
The monthly payment is just one number. The ones that matter most are the APR, the total interest you will pay over the life of the loan, any fees deducted from your proceeds and the total repayment amount. Our loan calculator breaks all of this down so you can compare scenarios side by side.
A $10,000 loan at 10% for 36 months has a very different total cost than the same loan stretched to 60 months. The monthly payment drops — but the interest adds up. Understanding this trade-off is the single most important step in responsible borrowing.
READY WHEN YOU ARE.
Start with a payment estimate, explore what a loan could look like for you and move ahead when you feel informed. No commitment until you say so.
