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For reference only, the APR and monthly payment displayed are merely estimates based on your selection inputs.
Your creditworthiness at the time of application will determine your actual APR, which will range from x to x.
When a credit decision is made, the actual APR will be ascertained and may be greater.
How your details affect the payment and APR
- Greater loan amounts may result in higher payments and an increase in your APR.
- Extended loan terms may result in higher payments and an increased APR.
- Improved credit scores can result in a lower APR and payment.
We do not guarantee that any results will be accurate or applicable to your particular situation; all results are estimates.
As of January 10, 2024, Discover application data is used to calculate the results.
What you can count on from Discover
- Excellent Rates A fixed interest rate from x to x APR will save you money on interest.
- Flexible Terms You can choose to borrow up to x and repay it over x to x years.
- No Up-Front Fees As long as you pay on time, you can allocate more of your funds to work without incurring any fees.
- Quick Fund Transfer: After acceptance, funds may be transferred as soon as the following business day.
How we calculate our ratings
Using customer ratings, we determine the average product rating. Some reviews are not displayed because the customer used foul language, reviewed the incorrect product, submitted inappropriate or irrelevant content, or disclosed personally identifiable information, among other reasons. Reviews that are unfavorable or have a lower rating are not filtered, altered, or removed. The associated rating is not included in the average product rating if a review is disregarded.
See why Discover’s a great choice
| Lenders | Discover Personal Loans | Citibank Personal Loan | LendingClub | SoFi |
|---|---|---|---|---|
| APR Range*
*Lender origination fees are included in a loans APR. We are showing the percentage range competitors may charge. |
7.99%-24.99% | 10.49%-19.49% | 9.57%-35.99% | 8.99%-25.81% |
| 36-84 month repayment terms available for all loan amounts
Flexible repayment terms for all loan amounts — 36, 48, 60, 72 and 84 months. |
yes | no | no | yes |
| No prepayment penalties | yes | yes | yes | yes |
| Option to pay off creditors directly | yes | yes | yes | yes |
| FICO® Score and more for free **,†
FICO® Score, number of credit inquiries and other credit report information for free**,†. **Compared lenders may provide a FICO® Credit Score or other credit score and other credit information. See lenders website for further details. †FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. |
yes | no | no | no |
| Online Privacy Protection ††
Free help removing your personal information from at least 10 people-search websites. Activate by mobile app. †† ††Online Privacy Protection is offered by Discover Bank at no cost and only available in the mobile app. About every 90 days we will scan at least 10 people-search sites for your online personal information and help you submit opt-out requests. Types of personal information found on these sites will vary. |
yes | no | no | no |
Chart comparisons based on competitor data through December 6, 23 and carried out by an independent research firm
Choose up to 3 you’d like to comparePlease select only 3 lenders at a time
- In short, a personal loan is an unsecured loan, which means that no collateral is needed. It provides you with access to money that you can use for a number of things, such as paying off debt, covering unforeseen costs, renovating your house, or going on that ideal vacation. As opposed to mortgages and student loans, which have specific purposes in mind, personal loans are almost entirely customizable. A personal loan cannot be used to pay off a secured loan, pay for post-secondary education, or, in certain situations, pay off a credit card that is being issued by the same lender directly.
- A Discover personal loan requires the fulfillment of five prerequisites. You must: Be a U. S. citizen or permanent resident. Be at least 18 years old. possess a minimum of $25,000 in annual income, either as an individual or a household. Have a physical address. To complete your online application, you must have an active email address and access to a computer or mobile device. After you satisfy those minimal requirements for eligibility, your application is processed based on a number of additional factors. These consist of the data you enter on your application and data obtained from credit bureaus (which contain details about your credit history, current credit activity, and credit inquiries associated with your identity).
- A personal loan has many different uses. A personal loan can be used for a number of purposes because the money can be directly deposited into any of your bank accounts. You might be able to pay off your debt at a set rate because personal loans are frequently used for debt consolidation. A personal loan can also assist in financing major expenses such as a wedding, a trip, or a renovation of a home. A personal loan can provide you with the money you need in the event of an unforeseen expense or financial emergency. Additionally, you can use a personal loan to pay for auto repairs, medical expenses, adoption or IVF, and more.
- Once you’re approved and accept the loan, money can be sent as soon as the following business day, provided: There are no typos or errors in your application; the loan is funded on a weekday night; and the funds are only disbursed electronically to your checking or savings account. If there are errors in your application, the loan is funded on a weekend, or you request that the funds be delivered in a different way, it may take longer for the funds from your personal loan to be disbursed.
FAQ
Who is the easiest to get a personal loan from?
CompanyForbes Advisor RatingLoan amountsUpgrade4. 0$1,000 to $50,000LendingPoint4. 0$2,000 to $36,500Universal Credit3. 5$1,000 to $50,000Upstart3. 5$1,000 to $50,000.
How hard is it to get personal loan?
Personal loans are available from banks, credit unions, and online lenders and are typically not difficult to obtain. There are several kinds of personal loans to take into account based on the amount of money you need to borrow.
How hard is it to get a $5,000 personal loan?
$5,000 personal loans are available online from a number of lenders, some of which offer fast approval. Although each lender has different requirements for eligibility, you will have the best chance of being approved if you have a steady income and a good credit score of 670 or above.
Read More :
https://www.discover.com/personal-loans/
https://www.nerdwallet.com/article/loans/personal-loans/how-to-get-a-personal-loan