Discover is an online bank that provides a wide variety of lending products, including credit cards and loans. This includes home refinance loans and home equity loans with fixed rates.

Things to know about Discover home equity loans

Discover offers home equity loans with competitive rates, flexible terms and other unique benefits. Let’s explore some of the loan features that set it apart from other lenders.

Less strict eligibility requirements

Discover has relatively low minimum credit requirements.

Apply online

You can apply for a Discover home equity loan online or via phone.

Can I pay off my Discover home equity loan early?

You can pay off your Discover home equity loan early, but you may be charged a fee.

Who is a Discover home equity loan good for?

Discover’s home equity loans can be a good choice for projects such as making major home renovations when you have at least a small-to-moderate amount of home equity.

Home equity loans, in general, are good for one-time purchases or expenses such as debt consolidation or a home improvement project, where you know pretty precisely how much you want to borrow.