30-yr fixed 6.43% ▾ 0.06 wk
15-yr fixed 5.79% ▾ 0.04 wk
HELOC avg 7.90% — no change
Auto 60-mo new 6.82% ▴ +0.03 mo
Personal 24-mo 11.57% ▾ 0.12 qtr
Credit card APR 21.52% ▴ +0.09 qtr
as of Jul 2, 2026 · Federal Reserve / Freddie Mac via FRED (St. Louis Fed)
Bank · Independent review

Discover: an honest look at the rates and the fine print

Discover pairs no-fee personal loans with a rare 30-day money-back guarantee — return the funds within a month and owe no interest. Its direct-to-creditor payment option makes it a clean debt-consolidation tool, though maximum amounts are modest and it has no co-sign option.

By Daniel Reeves · Reviewed by M. Okafor, CFP Updated July 2, 2026

Discover

Personal loans · Bank · NMLS #684042 · Founded 1985

4.0/5
  • Personal loan APR7.99–24.99%
  • Loan amounts$2,500–$40,000
  • Terms36–84 months
  • Origination feeNone
  • Min credit score660 (est.)
  • Funding timeAs soon as next day

Independent profile. Loans Advisor is not affiliated with, or compensated by, this lender.

Where Discover fits

Strengths

  • 30-day return guarantee
  • Pays creditors directly for consolidation
  • No fees

Watch-outs

  • Max $40,000
  • No joint applications
  • Requires solid credit

Best for

Based on its rates and products, Discover is most relevant if you're looking at:

Figures are researched from public rate sheets and regulatory filings and change often — verify current terms with Discover before applying. Loans Advisor is not affiliated with, or paid by, Discover, and earns no referral fee from this profile.